US Dollar Exchange: More Sideways Trading Ahead? – Investing.com
- Date: 28-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
US Dollar Exchange: More Sideways Trading Ahead? – Investing.com
The reportedly invalidated its bullish H&S pattern yesterday, but did it actually do so? The line based on daily closing prices says otherwise.
Yesterday's (July 27) supposedly big news was the breakdown below the neck level of the inverse head-and-shoulders pattern in the USD Index. Invalidations of breakouts are bearish, and what's bearish for the USDX is usually bullish for gold, silver, and mining stocks. So, what happened? And what didn't happen?
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