The U.S. Dollar Index (DXY) tracks the strength of the dollar against a basket of currencies. In recent years, the strength of the U.S. dollar has fallen against other currencies as a result of U.S. monetary policy.
It is a weighted geometric mean of the dollar's value relative to other select currencies:
I'd like to walk you through time here and show you the structure that is evident in the US Dollar.
From the August time frame a downtrend set up and formed at 10-day mode around the 95.50 level and set up the decline to the low near 94.08 on Aug 18th, which only took 3-days to complete the price move.
Once the ...
This study is not complete, and it is not intended to be yard art, but I lack the tools on my TV to better illustrate for now. These few days should demonstrate the idea.
While looking at the ytd overlay of wti to Dxy, I found that the overall pattern in sync with wti. When reviewed at 15min I ...
This a follow up chart on the intraday forecast of Wednesday (https://www.tradingview.com/chart/DXY/Nxvu7QT9-Forecast-Dollar-Index-today/). Expect a retrace to 101.00, then a further advance to 101.75. If really strong 102.00 is a possible secondary target.
As it is always said "The picture speaks of itself", if the index movement concluded as seen in the image, it'd be great. Likewise inverse relation with USD related pairs are anticipated. What do you guys think ? https://www.tradingview.com/x/ieu43T17/
Hello Harmonic Traders!
I would like to begin my renewed contribution to the HTTV community with the following Bearish AB=CD Type-2 harmonic resistance at a critical juncture. The DAILY RSI is stalling at the 50-midline. The general 61.8% retest at the 1.34 level as measured from last year's peak defines the price ...
My initial target on this pullback was 1190, however gold has managed to regain 1200 as the $DXY has rolled over giving up today's gains. Longing from these levels may be risky, but the reward may turn out to be lucrative depending on the volatility and uncertainty during the transition of power in the U.S. ...
In H4 chart, we can a MACD divergence support a change from downward into upward trend.
Look left, the yellow zone could act as a support zone, if price could sustain there and reverse, a possible head and shoulder pattern would form.