USD Very Close to Challenging the 200-Day Moving Average Again

03/07/2016 9:00 am EST


Kristian Kerr

Chief Technical Strategist, Forex Capital Markets LLC

Kristian Kerr of takes to the charts to analyze the US Dollar Index that is now very close to challenging the 200-day moving average yet again and to determine whether or not the USD seems like it is now changing its tune.

Talking Points:

  • USD back at 200-day moving average
  • Important downside break looming?
  • US Dollar—USD Changing Its Tune?


Click to Enlarge

Is the FXCM US Dollar Index (equally weighted basket of USD versus EUR, JPY, GBP, and AUD) changing its tune? Since August of last year, there have been four undercuts of the 200-day moving average. In August, September, and October when this occurred, the close back over the moving average was followed by an almost immediate push back to new highs. The same thing looked to be going on last month after the index settled below the moving average on the 11th and then closed back over it on the 12th. Like in the prior episodes, the dollar rallied steadily after doing this for a couple of weeks, but failed well shy of the old highs and is now very close to challenging the 200-day moving average yet again.

To read the entire article, click here...

By Kristian Kerr, Senior Currency Strategist,

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on CURRENCIES

Keyword Image
Trading Currency ETFs
03/20/2019 8:35 am EST

Many countries attempt to weaken their currency to make their products more competitive. Paul Cretie...

Keyword Image
Fortune 500 Currency Trading
03/14/2019 6:00 am EST

Tracking the moves of the big players can put us on the right side of market’s turns, writes A...