News & Analysis: Forecast for the US Dollar in 2022
The US dollar has been the dominant global currency for many years, but there are signs that this is starting to change. In this blog post, we will take a look at the forecast for the US dollar in 2022 and discuss some of the factors that could affect its value. We will also explore how other currencies are challenging the dollar's supremacy and what this could mean for businesses and consumers worldwide. 1.Fibonacci retracements The US dollar has been on a steady decline since the beginning of 2018. However, there have been some slight recoveries along the way. One technical analysis tool that can be used to identify potential support and resistance levels is Fibonacci retracements. The Fibonacci sequence is a series of numbers where each number is the…