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EUR/USD to Track 50-Day SMA After Testing Former Support Zone
2022-08-17 03:30:00
Euro Forecast: Potential for Weakness Lingers – Setups for EUR/GBP, EUR/JPY, EUR/USD
2022-08-16 18:30:00
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S&P 500 Hits 200-Day Average After Stretched Run on Low Liquidity, Recession Fears Continue
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Gold Price Forecast: Gold Breaks Down from Wedge - Has GLD Topped?
2022-08-16 17:30:00
Silver Shine Overshadowed by USD Strength
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GBP Breaking News: UK Inflation Hotter Than Expected, BOE to Remain Hawkish
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Monthly Forex Seasonality – August 2022: Gold, US Stocks Tend to Outperform
2022-08-16 15:00:00
US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
2022-08-16 14:30:00
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USD Index Moves Lower

USD Index Moves Lower

Thomas Long, Course Instructor

This 4-hour chart of the USD Index shows a market that is currently printing lower highs and lower lows. A market that is trending up will print higher highs and higher lows. This current series will change if this market can move up through the 80.40 high noted on this chart. That could open the door to more buying interest and start a move up that USD bulls have been looking for.

USD_Index_body_74250d1292427827-chart-day-usd-index-1215.png, USD Index Moves Lower

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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