TVC:DXY   U.S. Dollar Currency Index
The dollar has gone up too fast, too quickly.


1) Outside 800-period BB on the 4H chart.

2) Divergence at the 100.2 level.

3) The 100-100.5 region is strong resistance on the daily chart - we were there in December 2015 after which there was a major correction to the downside.

4) Missed pivot point at 95.5 is the target.


The promise of fiscal stimulus is the main driver of dollar strength, with a rate hike in December being almost fully priced in to the market (91%). The market is also pricing in further rate hikes in 2017.

However, Trump's policies remain uncertain.

Furthermore, in Dec 2015 the market was pricing in multiple hikes in 2016. These never came. A similar situation might occur now - since increasing rates too soon, too quickly might put pressure on credit and equities.

Global risks remain high, and the dollar will sell off in the event of more global uncertainty.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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