Top in Dollar Index?

by Ashraf Laidi

Mar 12, 2009 13:21

Click To Enlarge

Emerging signs of a top in the dollar index as the currency falters against EUR, AUD, NOK, NZD and even JPY. GBP remains the exception, whose fundamentals in the banking sector remain most bleak. It may be argued that recovering stocks are weighing on USD, but in such conditions wed expect USDJPY to also rally. Chart below shows the index has faltered right at 89.60, which marks the 38% retracement of the decline from the 2002 high to the 2008 low as well as the TL resistance extending from the 120.50 high of Feb 2002. This is a medium term call, which suggests the 86 figure as the next target, supporting 1.2930 in EURUSD and 94 in USDJPY.

More Hot-Charts

• GoldBugs & Levels

  Mar 3, 2026 16:14 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group - -...

• Weekly & Monthly

  Feb 27, 2026 13:54 | by Ashraf Laidi
  سأرسل رسالة صوتية و كتابية توضيحية لأعضاء مجموعة الواتساب الخاصة حول هذه المخططات - Will send detailed note on latest parameters to our WhatsApp Bdcst Group...

• Gold 5000?

  Feb 24, 2026 14:19 | by Ashraf Laidi
  Can gold drop back to $5000 per ounce. Here are 2 possible technical scenarios. China's return to the market could also bring back selling pressure during Asian session..