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  1. US Dollar Technical Analysis: Daily Correction

    by , 08-28-2018 at 02:59 PM
    The US Dollar is seeing its sharpest pullback after touching technical resistance mid-month at 97. The Dollar Index has pulled back by 2.4% despite hawkish talk from Fed members. The key question on the charts will be as to whether the next move higher in US Dollar will result in a lower-high that is followed by the next big breakdown.

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    As a technically-driven FX trader, the most important development for me to watch is what happens on the ...
  2. US Dollar Index (DXY) Forecast

    by , 02-23-2018 at 03:52 AM
    Institutions are known as smart money, but they often get caught crowded into popular trades that are quick to reverse. One of those is the play of selling the US Dollar. Per Bank of America Merrill Lynch, the short US Dollar trade is the second most crowded trade second to bullish US equities and the most crowded FX trade.

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    The short-term outlook has seen focus turned to the concerns of the US fiscal expansion late into an economic cycle ...