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Dow : US dollar index 0.34% (trade-weighted) ratio
Music stops when we hit the top of the channel?
I belong to Old School and I think in a vision on very long term that if Interest Rate goes UP then Currency will follow it.
Therefore trendline on 10Y very important to test future of Dollar.
What do you think ?
I believe we are headed toward a stronger dollar. In the chart is the trade weighted dollar index, which is a larger basket of foreign currencies than $DXY... $DXY is mostly pegged to the EUR/USD with around 65% of its currencies reflecting the Euro or currencies that are heavily reliant on the Euro. The trade weighted index is therefore a better representation of ...
The long term uptrend signal I was looking at has triggered here, so I think we can get higher prices in the long term, although I see a very possible retrace in the dollar coming here, but only briefly. If anything it's an opportunity to reenter long term dollar longs.
Invalidation of this thesis would come if there is a big fundamental change that causes price ...
The trade-weighted dollar index was introduced in 1998 for two primary reasons. The first was the introduction of the euro, which eliminated several of the currencies in the standard dollar index; the second was to keep pace with new developments in US trade.
In the standard US dollar index, a significant weight is given to the euro. To more accurately reflect ...
Head and shoulders forming. Chart is extremely similar to USDJPY back in December when it dropped off a cliff.
The trade weighted dollar index shows a very healthy quarterly rally here. We've now retested the yearly resistance from the previous downtrend, after breaking above it, and it acted as support so it's clear to me bulls are in control. Once we break the previous quarter high, odds of the uptrend resuming will increase, and will be fully confirmed after a 3.70% ...
The dollar has found support at a long term level in the yearly chart.
It's clear we'll see a dollar rally, specially against EM currencies for an extended period of time.
We can expect a move to 91.22, but if we manage to move above it, we could see uptrend continuation into the highs, and potentially new highs in the long term.
My reccomendation: Found viable ...
Long from 86.32—88.56 area
In this chart I'd like to point out the current trend in the Dollar index the Fed uses, which is the trade weighted dollar index. The DXY or USDOLLAR tickers everyone's using don't reflect the situation of emerging markets, since they have heavy Euro and Yen weights in their calculation.
The setup is a monthly uptrend lasting at least until June, and with ...