The US Dollar may advance against most major currencies in the days ahead as a reversal in risk appetite spurs demand for the safety-linked currency. The MSCI World Stock Index has stalled ahead of resistance marked by the previous swing high from early January. Prices are showing a Dark Cloud Cover candlestick pattern, a strong indication of a bearish reversal in the days ahead to form a double top. The MSCI measure is now -86.1% inversely correlated with the US Dollar Index, an average of the greenback’s value against six top currencies.
