The US dollar breaks the 4H descending triangle on better than expected consumer price data this morning, printing a 1.7 percent increase versus economist estimates of a 1.6 percent; but, this figure still remains lower than the Fed's two percent target, and, perhaps much lower that Fed Chair Janet Yellen wants it. The dollar likely got a boost on disappointing...
Going long on the Dollar Index might be a dangerous move. We have seen a nice bull run. A Parabolic move that could come to an end. Fib Spiral credit ---> Kazonomics It is an idea. Against the trend is not always a good idea. The trend is your friend. At this stage greed is taking over & it would be perfect for the banks/institutions to dump.
If you are considering entering a trade that attempts to predict the a top of the current US dollar upward trend, it's important to keep in mind the historical context of its recent strength. The US dollar is still relatively quite low and has a long way to go yet before you may call it expensive. I would advise against betting against the USD until we have a...
The dollar went parabolic on the assumption the Fed will hike interest rates. This is highly unlikely on several fronts: 1. Key economic data has been mixed and deteriorating. Higher rates will finish off the housing sector, kill the borrowing mentality of the American consumer, and dry up what little financing that is going on. 2. The serving of current public...
Measured moves shown on chart. If 71 holds then 78.50 and 82.50 are next upside targets
Break out on monthly chart for the dollar index On the link to related ideas - the bull flag took it's time.... but finally broke out - all cried out. Safe trading @BLawrenceM Music at work: www.youtube.com open.spotify.com open.spotify.com History: www.loc.gov
DXY punched through the wedge on fake breakout reaching just over 81.50 but back inside wedge, failing to make new high above 2013 Q4 highs. A ret. is likely before any attempt to break higher