US Dollar Forecast: Bulls Return, Is a Breakout Imminent?
US Dollar Shows Signs of Renewed Strength
Recent shifts in futures positions and a more favorable technical setup on the daily chart are helping the US dollar regain upward momentum. Although short-term movements suggest the possibility of a breakout, broader timeframes still indicate that any gains may be temporary within an overall downward trend.
On the daily chart, the US dollar is beginning to climb, hinting at a potential breakout that aligns with what appears to be a five-wave advance. If the price surpasses 100.50, the next target becomes 101, while a 241.4% Fibonacci extension from a projected wave 2 points just above 102—matching key resistance levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
$3 Trillion Evaporated: Schiff Warns of Recession, Black Buys the Dip in Tech
The S&P 500 lost $3 trillion in market value in one day, while the Nasdaq experienced its largest single-day drop since April 2025. Peter Schiff warned that political shifts will drive up inflation and interest rates, whereas Gary Black believes valuations have returned to reasonable levels and recommends buying tech giants such as Alphabet and Meta.
Tech stocks lose 2.5 trillion, Anthropic faces pressure for 1.5 trillion USD IPO valuation
Affected by the sharp decline in tech stocks following the midterm elections, Anthropic's IPO faces skepticism over its $1.5 trillion valuation. Investors are demanding discounts, and the listing date is set for November 9th, with both market confidence and fundamentals under dual pressure.
AriaAI Price Prediction: ARIA Bulls Target $0.166 as Market Participation Recovers
Morgan Stanley: Large model upgrades combined with e-commerce growth, raising AppLovin (APP.US) target price to $450
Morgan Stanley maintains its "Overweight" rating for Applovin and raises its target price from $400 to $450.
Crypto prices
More
