DXY: Lacks steady upward momentum – Societe Generale
Source Fxstreet
The Dollar Index (DXY) failed to cross above January high of 110.15 in recent attempt and has gradually pulled back below the 50-DMA, Societe Generale's FX analysts report.
Next potential objective can be located at 106.30
"It is now challenging the upper limit of previous multiyear range. Recent pivot low of 106.90/106.65 is first layer of support. Daily MACD posted negative divergence and has dipped below equilibrium line highlighting lack of steady upward momentum."
"If the index struggles to reclaim the MA at 108 there would be risk of a deeper decline. Below 106.90/106.65, next potential objectives could be located at 106.30 and December low of 105.40/105.10."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Pi Network Price Annual Forecast: PI Heads Into a Volatile 2026 as Utility Questions Collide With Big UnlocksPi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
The Bank of Japan (BoJ) will announce its interest rate decision between 03.30 and 05.00 GMT, followed by Governor Kazuo Ueda's press conference at 06.30 GMT.
TradingKey - Inflation exerts a notable impact on the stock market. Since the Trump administration took office, it has imposed substantial tariff hikes, and the effects of this policy have gradually f
Coinbase Builds a “Universal Exchange” — Wall Street Shrugs. Can COIN Find Its Footing?Coinbase is expanding into stock trading, prediction markets and perpetuals to build a “universal exchange,” but COIN fell over 3% to $244 as Bitcoin hovered near $85,000, even while Deutsche Bank reiterated a Buy and a $340 target amid intensifying competition.
Coinbase is expanding into stock trading, prediction markets and perpetuals to build a “universal exchange,” but COIN fell over 3% to $244 as Bitcoin hovered near $85,000, even while Deutsche Bank reiterated a Buy and a $340 target amid intensifying competition.
Bitcoin ascended to $90,000 before a swift correction, impacting both long and short positions.Liquidity maneuvers continue to dominate BTC's short-term price dynamics, with recent sessions squeezing short sellers.
