INDEX:DXY   U.S. Dollar Index
89 1 0
...
Update DXY

The measured move of the double top would be confirmed by AB=CD (purple), which would lead the DXY to the base of the Ichi cloud at 0.382 FIb (June 2010 High - May 2011 Low).
Note MACD is crossing the signal line.

Independent of all the taper talk, you can see that DXY has flipped alternatively between the red channel and the yellow one quite regularly for 2 years and atm it seems that it's going to spend some vacation within the red channel, maybe as long as Ben is still with the Fed.

Should this play out, I'd expect some sort of same ranging behaviour for EUR and Cable and other USD pairs.

There's a possible 3 Drives pattern but it's too early to say.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out