WCUUSD dropped back to the 61.8% Fibonacci level again. We expect to receive support at that level this time as well as the previous two times. Added support is the trend line from the bottom side. The new start of the WCUUSD bullish consolidation means that the dollar is starting a new growth and recovery. We will need a few days to confirm that option.
WCUUSD is another way we can track the strength of the dollar. As we can see, WCUUSD is in a pullback, and the target is the 61.8% Fibonacci level, the same as in the previous pullbacks. Based on this, we could expect the dollar to continue retreating in the coming week or until the end of the month.
WCUUSD is a powerful chart that can help us determine the dollar trend. Looking at the dollar index chart, we will see a longer picture than this, and here we see that the dollar remains stable and is holding above the support zone. A fall below the 0.76000 level could confirm that the dollar is in crisis and that its withdrawal to lower levels is expected....
Looking at WCUUSD, we can track the dollar index in another way. In essence, WCUUSD represents the dollar index, but the oscillations differ in some situations. Here we see that in August last year, we had a very unstable dollar behavior, which is not visible on the classic dollar index chart. Perhaps WCUUSD gives us a better insight into the potential trend of...
WCUUSD is a chart that is based on the dollar and can be a good indicator for us together with the dollar index and the next trend of the US currency. Since February 2023, WTUUSD has been in a bullish channel with pullbacks up to 61.8% Fibonacci levels. After that, we see a new bullish consolidation and extension to the -0.272% Fibonacci level, and in that zone in...
The WCUUSD, or dollar index, shows us the strength of the US dollar. On this time frame, we see a weakening of the dollar with a target at the EMA 50 4h. This is a short-term picture of a weakening dollar.
The WOCU (contraction of "world currency unit") is a standardized basket of currencies — the national currencies of the 20 largest national economies measured by GDP, established in 2008. The basket is reweighed semi-annually according to the relative growth of the economies, whereby constituent currencies are replaced by other currencies should the size of the...
The world currency unit against the USD tells us that we could see a continuation of the decline in the value of the USD currency. The down period could be a month or two for the US currency.
