Many might think USD's recent breakdown is transitory. But the thing is, the only way to temporarily prop up USD is to hike the FFR, which will sink stocks, which will likely force more QE, which then in turn will sink USD. On the other hand, if not propped up by the tightening of money supply, every USD drop is equivalent of a market rate hike - because you have...
The us dollar index is threatening to break the long-term trendline that has supported price action since the bottom on May, 2014. Except for a few brief instances this trendline has served as life support for the entire rally, and a meaningful break of this trendline would have significant implications for commodities and currencies. Oil and the Canadian...
Check the Flag pattern out, above 26 is a continuation of US$. Below the red line, I will revaluate it, no positions yet
Hi, this is my first post. Sharing my view of US Dollar Index DXY threw UUP, where options can be trade. I would suggest to be careful entering long at this point because of the followings: 1-Weekly chart Hanging Man (signal potential reverse of bullish trend) 2-ATR signalling we might be reversing trend in 4H chart (top yellow circle) 3-MACD lines crossed on 4H...
Monthly chart for the US Dollar index ETF is currently about to have a major crossover of the 10/20/50 MONTH moving averages. Currently they are basically on top of each other at the $22 level. Price is riding the upper monthly Bollinger Band and the bands are flaring away from each other which shows the strength in the move and tells of expanding volatility....
The nearest support is far enough. Support level coincides with the level of complete correction. The sequence of waves indicate a short position.
Let's take a quick look at the US Dollar and see what it is telling us about the markets right now. The Powershares DB US Dollar Index Bullish (NYSEARCA:UUP) has been on a tear the past 14 weeks. This has put pressure on many commodities including Gold and Oil. From the weekly chart below you can see that the Powershares DB US Dollar Index Bullish (NYSEARCA:UUP)...
For the last month stocks connected to commodities have been getting hit hard. One reason has to do with the US Dollar strength. I don't trade currency, but looking at the monthly and weekly charts it seems the Dollar is at a good level at least start pulling back and perhaps giving us some good long opportunities in oil, copper, and gold stocks.
Dollar faces major resistance established since 2008. It is also in an overbought situation not seen since 2010. Meanwhile, gold appears to be sitting a major support established since 2010. Next couple of weeks should be interesting.
Long-term sideways trend. Means low risk.