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Jim Wyckoff

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U.S. dollar index trending down

March 31, 2023 by Jim Wyckoff

The U.S. dollar index is a basket of six major world currencies weighted against the greenback. See on the daily bar chart that the USDX is trending lower and the bears have the near-term technical advantage. There are no early clues to suggest the USDX is near a market bottom. The path of least resistance for the index remains sideways to lower. Stay tuned! Jim Wyckoff

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

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