DXY selloff erased more than one year of trading in a matter of three weeks. The level to beat for bears is the 94.60 support. DXY weekly chart The US dollar index (DXY) erased more than one year of gains in a matter of three weeks as falling equities and US bond-yields are weighing heavily on the US dollar. The Coronavirus is sending a wave of panic across the world and financial markets. DXY daily chart The greenback is trading off the 2019 low at 95.03 while trading well below the main simple moving averages (SMAs). There are no signs of respite as bears remain in control. DXY four-hour chart DXY bear trend remains intact below the main SMAs as the Index is printing fresh 2020 lows. Bears would be looking for a break below the 94.60 level to extend losses towards the 94.00 and 93.00 figures in the medium term. Additional key levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WHO’s Tedros: Threat of a pandemic has become very real FX Street 2 years DXY selloff erased more than one year of trading in a matter of three weeks. The level to beat for bears is the 94.60 support. DXY weekly chart The US dollar index (DXY) erased more than one year of gains in a matter of three weeks as falling equities and US bond-yields are weighing heavily on the US dollar. The Coronavirus is sending a wave of panic across the world and financial markets. DXY daily chart The greenback is trading off the 2019 low at 95.03 while trading well below the main simple moving averages (SMAs).… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
