Home Markets Futures Chart of the Day: U.S. Dollar Is Breaking Major Levels

Chart of the Day: U.S. Dollar Is Breaking Major Levels

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May 12, 2022

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While everyone is focused on the meltdown in technology stocks and bond prices, the U.S. dollar is hitting even more historic levels to the upside.

The U.S. Dollar Index started moving in late 2021 as the Federal Reserve got more hawkish. It accelerated after Russia invaded Ukraine and has continued upward every week since the end of March.

The main pattern on today’s chart is the …

For more, please click here to view the related idea and chart analysis on TradingView.

U.S. Dollar Index, weekly *chart with selected events, courtesy of TradingView.*

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Chart of the Day: U.S. Dollar Is Breaking Major Levels

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