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Today Technical Analysis: The Dollar Index Jumps 50 Points on The Fourth Day Of Consecutive Gains

July 16, 2025, 06:58

As the US dollar index strengthens, USDJPY is also steadily climbing, with price testing a recent high around 149.18. The upward momentum is slowing with moving averages MA(5) and MA(10) close and starting to flatten. Price remains above the mid-term moving average MA(30), but a consolidation is likely to happen.

MACD line is starting to flatten near the signal line as bullish momentum is weakening. This could signal a short-term correction or range-bound movement.

USDJPY shows signs of slowing down in the bullish trend. A break above 149.20 may continue the uptrend, but a failure to break this level could lead to a retracement toward 148.00–147.40 zone.

USDJPY 1H Chart

USDJPY 1H Chart 16 july 2025
Resistance149.18149.56150.10
Support148.40148.12147.55

Ether is showing a strong uptrend from the $2,900 recent low as the coin moves alongside Bitcoin, forming higher highs and higher lows. Price just tested the recent top of $3,150 and is consolidating slightly below it.

Moving averages MA(5) and MA(10) are sharply sloping upward and price is far above MA(30), which indicates a bullish momentum.

MACD shows a strong bullish crossover with a wide spread between MACD and signal line.

A break above $3,150 could lead to further upside movement. However, slight MACD histogram weakening may suggest short-term consolidation before another push.

Ether (ETHUSD) 1H Chart

Ether (ETHUSD) 1H Chart 16 july 2025
Resistance$3,175$3,220$3,273
Support$3,102$3,028$2,970

Nvidia stock shows a clear bullish momentum from the low of 151.45 at the beginning of July with higher highs and higher lows. Yesterday, the stock reached a new all-time high at $172.30, and now pulling back slightly but still holding above short-term moving averages.

Moving averages MA(5), MA(10), and MA(30) show a classic bullish alignment, trending upward with increasing distance, indicating strong bullish momentum.

MACD line remains above the signal line, supporting positive momentum.

NVIDIA remains in a strong uptrend with healthy momentum. If the price holds above $165, it may revisit or break above $172.30. However, if faced resistance at the level, watch for a pullback to the dynamic support MA(30).

Nvidia 1H Chart

Nvidia 1H Chart 16 July 2025
Resistance$172.38$173.00$173.25
Support$169.23$167.87$165.50
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