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USDOLLAR trade ideas

DXY looking Bullish, USDOLLAR looking Bearish?DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART! Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
FX:USDOLLAR
by Simple_Renko
USDOLLAR Challenges Overhead Resistance on H1The left chart shows the daily time frame of FXCM's dollar index, USDOLLAR. The black 50-day SMA continues to hold as support and move upwards. However, the daily RSI is still to move above 50, which would be indicative of an underlying bullish momentum. The right chart shows the hourly time frame. Here, the EMAs are bullish (green ellipse) and the hourly RSI is on the bullish side of 50 (light green rectangle). The index is challenging overhead resistance around the 12,554 level (light red horizontal). A break above will be bullish for the greenback.
FX:USDOLLARLong
by FXCM
USDOLLAR Holds 50-Day Moving Average SupportThe left chart show's the daily chart of FXCM's dollar index, USDOLLAR. The instrument is holding support at the black 50-day moving average. The RSI is also looking to cross above 50, which is the bullish side of the oscillator. The right chart shows the hourly time frame. Here the RSI is already bullish and if the EMAs start moving upwards (green ellipse), the greenback is likely bid. If this is the case and the sentiment transfers to the daily time frame, the market will be moving towards a risk-off sentiment.
FX:USDOLLARLong
by FXCM
USDOLLAR H4 Timeframe Showing Signs of StrengthFXCM's USDOLLAR index is bouncing on the H4 time frame. It's green 5-hour EMA is looking to cross above its orange 10-hour EMA (green ellipse) and its RSI is looking to move above 50 (blue rectangle). If these chart than it will be considered as bullish developments. However, we need to be wary of a a correction in a larger impulse move down. to This end, if the EMAs do cross and develop angle and separation and the RSI crosses above and moves away from 50, it it may be signalling that an underlying bullish momentum is present in the near-term.
FX:USDOLLARLong
by FXCM
Dow Jones Dollar Index | Losing Support TrendlinePlease support this idea with LIKE if you find it useful. Price might lose a support trendline and also Ichi Cloud support zone. On a confirmed breakout we can initiate short position. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
FX:USDOLLARShort
by Anpu
The USDOLLAR Heads for its Worst Week of the YearThe USDOLLAR is having a brutal week after Tuesday’s emergency rate cut by the Federal Reserve – with markets expecting another 50 basis points cut on the bank's March 18th meeting. Carry trades unwind and the index breaks below 12.250, which exposes last month lows (12.200), closely followed by December’s low (12.181). Technically speaking these levels appear distant as it trades to extremely oversold territory. As such it could react back towards 12.271, but a massive catalyst would be required in order to challenge today’s high (12.300).
FX:USDOLLAR
by FXCM
USDOLLAR Slides to 61.8% Fibonacci LevelFurther to yesterday's article , the USDOLLAR has continued to decline. It now finds itself at the 61.8% Fibonacci level of its previous impulse move. This level overlaps with price support (green shaded horizontal) around the 12,290 level. The rotation of capital into bonds as well as short term notes is putting pressure on yields. This is the the catalyst for the lower USD. We note the positive correlation between the 2 Yr Treasury Bill and the USDOLLAR (red rectangle areas). However, we again reiterate that the RSI for the T-Bill is oversold (blue rectangle) and that it will need to normalize soon. This is likely to provide support for the greenback, which may provide a floor to further greenback weakness in the near term.
FX:USDOLLARLong
by FXCM
USDOLLAR Drops to 50% Fibonacci Retracment on DailyFXCM's USDOLLAR index has pulled back to the 50% retracement of its previous impulse move up. This area overlaps with price support around the 12,337 level. It will be interesting to see if this is a level that the greenback bulls are targeting. Pressure has been exerted on the USDOLLAR by the declining yields on the shorter end of the yield curve. Above we show the US 2-Yr treasury note, noting the drop in yields (blue rectangle). This area corresponds with a deeply oversold RSI (green rectangle) and a bounce in the short-term yields in the near term is a possibility, as the oscillator normalizes. If this happens, it is likely to support the USDOLLAR. It will be interesting to note if this happens at current levels.
FX:USDOLLARLong
by FXCM