USD Index (DXY) Weekly: Bearish Engulfing at Major Resistance
A bearish engulfing candlestick at key resistance on the DXY weekly chart suggests dollar weakness ahead, with implications for all major currency pairs and risk assets.
Read moreA bearish engulfing candlestick at key resistance on the DXY weekly chart suggests dollar weakness ahead, with implications for all major currency pairs and risk assets.
Read moreUSD/JPY approaches 152 where Japan intervened in 2022, creating elevated intervention risk that makes aggressive long positioning dangerous despite the fundamental case for yen weakness.
Read moreGold’s technical picture is constructive with a bull flag pattern complete and volume confirming the consolidation. A breakout targets the $2,400 psychological level.
Read moreGBP/USD technical structure remains bullish with Fibonacci levels and moving averages aligning to support a move toward the 1.28 level, subject to UK inflation data.
Read moreEUR/USD faces critical resistance at 1.0900 with bearish RSI divergence forming on the 4-hour chart, suggesting a potential pullback before the next leg higher.
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