Technician
Long

USD: Could be long-term buying oppurtunity

INDEX:DXY   U.S. Dollar Index
1531 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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binaryoption
2 years ago
when this idea is neglected??
Reply
Technician TOP binaryoption
2 years ago
If the index breaks below the horizontal support i mentioned on chart, that would delay this scenario. But a break below the triangle support may negate it.
-1 Reply
LudmilaHanania
2 years ago
With all due respect, I would not want to hold any USD$ for the long term, it is a flawed currency of the most indebted country , I know you are a good technical trader and I follow your great posts, but in this case for long term I have to disagree.
Reply
Technician TOP LudmilaHanania
2 years ago
I totally agree with you, in my opinion, which many will consider extreme or maybe crazy, the USD will be worthless over the long run. But my chart projection is for few years, probably a year to two.
-1 Reply
LudmilaHanania Technician
2 years ago
Thank you for clarifying.
Reply
Technician TOP LudmilaHanania
2 years ago
Actually, thank you for making me clarify it. Was an important point.
-1 Reply
CosmicDust
2 years ago
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.
Reply
CosmicDust CosmicDust
2 years ago
Here is the study:
Dollar vs. inflation
+2 Reply
Technician TOP CosmicDust
2 years ago
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
Reply
Mirandole Technician
2 years ago
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
Technician TOP CosmicDust
2 years ago
That was perfect,
snapshot
-1 Reply
CosmicDust Technician
2 years ago
Indeed. Can we name it chart of the year! : )
Reply
Technician TOP CosmicDust
2 years ago
The credit goes to you buddy with this
Dollar vs. inflation
-1 Reply
Ansari
2 years ago
hi,Your ideas is a simple but complete and interesting ,Many Thanks.
+1 Reply
Technician TOP Ansari
2 years ago
Thanks buddy :)
-1 Reply
Dollar index hits descending major resistance
Reply
HamedAghajani PRO Technician
2 years ago
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
Reply
DelroyAnthony
2 years ago
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
Reply
I agree, seems like a 5-6 week uptrend's about to start.
+1 Reply
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