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Jim Wyckoff

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Greenback bulls flexing their muscles

February 11, 2020 by Jim Wyckoff

The U.S. dollar index is a basket of six major world currencies weighted against the dollar. See on the daily bar chart that the USDX is in a solid uptrend and this week hit a nine-month high. The greenback is being boosted in part of safe-haven demand due to the uncertainty of the coronavirus outbreak, but also on the strength of the U.S. economy. Technicals are bullish for the USDX and there are no early chart clues that a market top is close at hand. Stay tuned!–Jim

Filed Under: Blog News, Jim's Morning Report, Uncategorized

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