Get the Forex Forecast using fundamentals, sentiment, and technical positions analyses for major pairs for the week of June 20, 2022 here.
the U.S. Dollar Index hit a 20-year high last week, in line with the long-term. This is significant as aIt is worth noting that the US Dollar’s long-term bullish trend has been boosted, so far, by rising inflation and interest rates. However,
The price chart below shows that $13,788 looks like the technical support level which might signify a full bursting of the Bitcoin bubble.Ethereum fell very strongly last week in line with its long-term bearish trend. The week ended with a close at a new 18-month low and the printing of a large bearish candlestick, showing a decline in value of more than 32%due to the collapse of certain stablecoins such as Luna/Terra. This helps the bearish case.
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