FUNDAMENTAL BIAS: WEAK BULLISH
1. The Monetary Policy outlook for the FED
More hawkish than expected sums up the Sep meeting. The FOMC gave the go ahead for a November tapering announcement as long as the economy develops as expected with their criteria for substantial further progress close to being met. The biggest hawkish tilt was the announcement about...
In the comments on the previous chart, we became better acquainted with the technical resources available and the lines in the sand which sellers were using to defend the topside in dollar. Since this should hopefully be of great practical value, and why I love talking markets on tradingview rather than twitter is because we can follow up with second and third...
Hi Guys, keep an eye on Dollar Index moves to the upside were great but the move to the downside has a nice potential so keep an eye on it and get in when it will give us a nice sell setup on lower time frame to confirm the move.
Thank you for your support
Hi guys , how you doing ?
I'm glad of sharing another idea here with you .
So since September 3 , dollar has been in an up trend move and it was bullish , but now it's in an important long term key zone and also psychologically it's in high level .
except they key zone which is also in 0.382 Retracement Fibonnaci , there's a harmonic pattern (BAT) so I...
USD – The dollar was slightly lower on Thursday in choppy trading, having erased most of its early session losses, as investors bet the Federal Reserve would begin tapering its asset purchases next month and attention turned to the timing of interest rate hikes.
Indeed, Scotia Capital’s chief FX strategist stated: “I think what we’ve seen over the last day or...
After very good fundamental news in last week, we experienced 2 bull Daily candles in according to ISM service and Non-farm Payroll events. This signals a retest of the last high also, a neckline of the Double Bottom pattern.
If a break from this level at 93.30 would provide a clear path for the Double Bottom pattern to form and measured move may lead to 97.x...
W1 - Price has reached a strong resistance zone .
Potential bearish divergence.
No opposite signs.
H4 - Bearish divergence.
Until the invalidation level holds my view remains bearish here.
If we get a valid breakout below the low at 93.674 we may then consider it as a validation for the bearish view.
The US Dollar index is not a play thing. Some will be aware that I've been tracking this index for a long time.
Loads of folk have predicted that the Dollar Index will simply die. The evidence is showing that it ain't going down without a fight.
It's a massive index of macro-economic importance. You've got to be one of the big boys with loads of time to wait....
The U.S. Dollar Index has been trading within a Bullish Megaphone pattern since late June and is now approaching its Higher Highs trend-line with the 1 year Resistance waiting at 94.750. This is a familiar pattern as the very same sequence has been formed back in June - September 2018. As you see both patterns formed on a 1D Golden Cross (when the 1D MA50 crosses...
In this first video, I'm going to show you why we are 100% in a bull market and why we could go for a multi-year bull market with multiple bearish months in the middle.
- look at the overall structure of the dollar index chart
- look at the monthly indicators
A weaker dollar = a stronger crypto right?
Well, what if...
DXY is trading in the uptrend
But the index has reached a horizontal resistance
which makes me locally bearish
And I think that we will see a correction
Towards the target support below
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Welcome to this analysis about the US-Dollar Currency Index and the 12-hour timeframe perspectives. In recent times the Index developed important structures in which I discovered underlying formations and levels that will determine the upcoming destinies of the Index. When looking at my chart now we can watch there how the Index has formed this main...
Dollar index - H4 - I see further upside for dollar long as this h4 demand zone holds well. Main trend for dollar is bullish for weeks to come so only looking to buy dollar on dips or continuation setups.
USD – The dollar fell from its one-year high on Wednesday as longer-dated Treasury yields dipped. However, the US’s CPI report showed prices rose solidly last month, while the minutes from the Federal Reserve’s September meeting confirm tapering will begin “soon”.
Furthermore, Oanda notes that “the market is now seeing a major pivot here as far as how inflation...
I believe the US dollar is still very bullish. This drop it has been experiencing, I believe is a retracement. I Expect price to drop as far as the support and I will be looking for opportunities to go long in the golden zone of the Fibonacci tool. This outlook on the DXY matches very well with my analysis of the EURUSD. I believe EU is still very bearish, and a...
In this analysis, I'll take a look at the US Dollar Index (DXY), analyze it from both a technical and fundamental aspect, and look at what this could imply for the asset markets this year.
DXY Technical Analysis
- To begin with, we can take a look at the monthly chart for the dollar index
- Since 2001, it has been on a downtrend, and ever since 2008, it has...