Forex

Technical 'death cross' pattern is forming for the US dollar

Analysts note a bearish "death cross" pattern forming for the US dollar — when a shorter-term moving average crosses below a longer-term one.

The piece references US Treasury Secretary Scott Bessent, who earlier told financial markets that he is now setting the rules.

For beginners A "death cross" is a technical indicator traders use to gauge a possible trend shift, based on moving averages — smoothed price values calculated over different time periods.