Dollar Faces 8% Decline in 2025, Worst Since 2017
- Dollar Decline Trend: The DXY Index fell 0.8% this week, poised for its worst weekly loss since June, with an 8% year-end decline marking the largest drop since 2017, indicating waning confidence in the dollar.
- Economic Data Focus: Investors are now focused on upcoming U.S. economic data, particularly the December jobs report and inflation readings, which will directly influence the Fed's future rate decisions, with markets anticipating further cuts.
- Strong Performance of Risk Currencies: As liquidity dries up, traders are increasingly favoring risk-sensitive currencies like the Australian dollar and Norwegian krone, exacerbating the dollar's decline and reflecting a preference for risk assets in the market.
- Robust Stock Market: Despite the dollar's weakness, the S&P 500 hit a new all-time high on Friday, showcasing a strong rebound post-Christmas, as investors exhibit optimism driven by technical factors and market positioning.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK) As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 5 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00253 | 0.0161 | 0.0263 | 0.0399 | 0.0501 | 0.0637 | 0.0739 |
| Fibonacci | 0.0161 | 0.0252 | 0.0308 | 0.0399 | 0.049 | 0.0546 | 0.0637 |
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