by Troy
The U.S. Dollar continues to trend downwards. Bloomberg’s Fear/Greed indicator for the USD Index has been in fear-mode for 30 consecutive weeks:
Such long streaks of bearish sentiment towards the Dollar usually led to medium term rallies over the past 30 years. Keep in mind that even if the USD rallies in the interim, it doesn’t mean that the Dollar’s bear market is over:
Meanwhile, the COT report continues to flash a medium-term bullish sign for the USD:
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
1 view