Will the fall of USD continue?

TVC:DXY   U.S. Dollar Currency Index
Hi Traders

As markets are driven mainly fundamental at the moment, today something a bit different than a classic chart analysis.
This week could end with the biggest fall of USD in one week since years. Whereas stock markets mainly focused on the stimulus package, the value of USD droped rather unnoticed.

But with this numbers it will appear on many radars. Therefore expect big players to hedge their USD with different currencies (or change their hedging rates ). This could lead to even more pressure on USD.

The chart you see is the DXY - it shows the value of the USD against 6 currencies:

Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
Swedish krona ( SEK ), 4.2% weight
Swiss franc (CHF) 3.6% weight

Check how the size of the candles changed over the last days. This high volatility will most likely continue in USD pairs for the next couple of days.
The Hitman Profit From Trading Alerts

Website for paid options:

Like us on Facebook:

Follow On Twitter:

Free Hitman Telegram Chat:


Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out