The US Dollar Index hourly chart continues to consolidate between 94.40 and 95.60 levels for now. The index is trading around 94.90 levels at this point in writing and could drop to 94.75/80 during intraday, before turning higher again. Please note that structurally, the US Dollar Index would require to break below 94.80 and 94.40 levels to confirm that a...
The US Dollar Index short term story continues to inspire a potential bearish reversal. We can safely assume that the index has either formed a potential top at 95.70 levels or it could test 96.00 levels before resuming lower again. A consistent push below 94.80 levels could indicate that a meaningful top is in place at 95.70 levels. In either case, it is safe to...
Hello,
and exactly mirrored to EUR/USD the DXY is going to complete its uptrend ideally at 97.000. I think the green tradingbox you can see in the chart above is a perfect point for a turnaround to the south and a perfect entry point to place a short order. After this short break in the south, the DXY starts again to move up. But this we will see later...
Bearish bat has formed and has quickly rejected the PRZ which is a good sign the pattern is valid.
MACD histogram divergence and huge weekly resistance is still in play. It could possibly be broken given its been tested so much
This is the first time using harmonics on the dollar index so I am not taking a large position. Most likely this is a necessary...
As you can see, there would be a classic inverse head and should pattern on DXY chart.
Also daily chart has a distinguished divergence on RSI and MACD.
I am looking a a possible Head And Shoulders formation on the Dollar Index. Should this setup unfold as I have it here, the target happens to be on a perfect retest level as well. Simple and clean setup which could give some good direction on some other pairs as well.
Contact me via direct message for any assistance required
Happy trading!
Linton
Good evening traders, i just want to share a idea i was thinking about. I am shorting the Dollar Index since 4 days and after being in profit till Wednesday the FED rates pushed my profits away and the dollar higher. Here are my thoughts about short term rates and data - news in the short term in general:
I am trading over 3 years now and since 2 years i am...
I know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this.
MONTHLY CHART
On the monthly chart biggest dollar weakness seems to be over. The facts:
-Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it...
Hello Traders,
I hope everybody is doing great.
After I covered the EURUSD in the daily chart, let’s have a look at the equivalent instrument which is the DXY.
From the 2018-02-16 low to the peak of 2018-04-05 you can see clearly that the DXY has moved in a sideways to higher trend (No higher highs or lower lows). So it was just a matter of time when the...
I see US dollar index (DXY) bullish for next weeks.
When we finish correction period, my expectation is that US dollar will regain its power against other currencies during next months.(April,May,June)
Technical Analysis details:
-I see divergence in squeeze indicator for trend reversal.(on weekly chart)
-Wave trend analysis shows that we are at the bottom...
DXY could continue towards 89.60 before running towards 91.40 Levels. At those levels, it will be watched for the down-trend to continue.
*Please like and share if you found the idea useful. Thanks!
Pending Long @ 87.40
Stop Loss @ 84.10
Target @ 95.10
RR Ratio @ 2.33
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
90.52 to 90.30 area saw bear momentum take the dollar down, but ever since its been coming back up to retest broken support. We are currently seeing bollinger bands narrow down and likely a move will happen soon. Price action tells me that we are still in a bear trend and we would have to be careful if thinking about buying with the landmines around 90.30 and...
The US Dollar Index is still under pressure from the market. The higher inflation figures announced or the dismissal of Rex Tillerson advisers have resulted in a suspicion of President Trump's policy or the prospect of trade wars due to tax increases or policies to protect the United States's benefits. As a result, the market price of this index still under...
