I posted last month on what appeared, to me, to be the end of the US dollar uptrend:

One of the traps that some folks fall into is that if an uptrend breaks then we must be in a downtrend.

Don't ask me how I know this trap ;-)

In that post a month ago I cautioned against assuming a downtrend, and even pointed out a horizontal support line the dollar was resting on:

  • I am suspecting that while the steep uptrend is over, it'll faf around for a while before establishing its next direction.

Which is what we got.

But now it looks weaker, pic below. BTW, I also pointed out in that linked post above (you really should check it out) that first year of Trump's Presidency #1 was a downtrend for the USD. Here we go again?

usd downtrend 24 February 2025 2

I'm sure ForexLive traders out there will have better ideas on this me, post 'em in the comments please!

Source: Forex Live