Technician
Long

USD: Could be long-term buying oppurtunity

INDEX:DXY   U.S. Dollar Index
1538 19 27
After the prolonged down trend the U.S. dollar witnessed from 2002             to 2008, the greenback entered a phase of sideways movement, clearly illustrated by the symmetrical triangle formation. Meantime, volatility has been on the decline for more than a year, which is clear on Bollinger bands as bands squeeze, low volatility periods are usually followed by sharp breakouts.

I expect the U.S. dollar to breakout higher, and thus look to long the USD, looking for a new bullish trend that may start soon and extend to the upcoming few years.

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I agree, seems like a 5-6 week uptrend's about to start.
+1 Reply
I agree with the technical; long the dollar.
Here I share a good FX broker that accept US customers:
http://www.tallinex.com/open-account?i=113710
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Dollar index hits descending major resistance
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Hi Technician, Thanks for the informative ideas and charts you've been posting. Do you expect a pull back? Have you traded this idea?, God bless- Hamed
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hi,Your ideas is a simple but complete and interesting ,Many Thanks.
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Thanks buddy :)
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One possibility is dollar can rise but may rise slower than inflation. To make a better decision check out dollar/gold long term ratio, or dollar/inflation long term ratio.
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CosmicDust CosmicDust
Here is the study:
Dollar vs. inflation
+2 Reply
Technician TOP CosmicDust
Many Thanks for your useful input, The chart of the DXY/TIP could be at a sweet spot as well, testing the neckline of a double bottom formation, check this plz
snapshot
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Mirandole PRO Technician
Hi Technician and CosmicDust !

I'd like to thank you for your precious analysis that strengthen my projection on EURUSD.

EURUSD : The Grand Trine exit : Approaching Euro black weeks


In my opinion a strong cash out of stocks market could lead to a large demand on US Dollar for next few months.

I wish you the best,
Serge
+1 Reply
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