USDOLLAR - The Diagonal Is Almost CompleteThe US Dollar has been tracing a contracting diagonal since the 2022 top.
Each leg has shrunk - wave (1) bigger than (3), wave (3) bigger than the projected (5). Textbook contraction.
We're now finishing wave (4) into the 0.382–0.5 retracement and the upper diagonal trendline. Wave (5) is the fina
Profile
The Dow Jones FXCM Dollar Index (short: DJ FXCM Index) is a currency index that tracks the strength of the US Dollar against a basket of the four most liquid currencies in the world. It is the product of collaboration between FXCM and S&P Dow Jones Indices. The index was designed to help traders assess whether the US Dollar is strengthening or weakening and is known for its transparency and simplicity. It reflects the change in value of the US Dollar measured against the basket of currencies: it rises when the US Dollar gains value relative to this basket and it falls when the opposite happens.
The basket contains the Euro, the British Pound, The Japanese Yen and the Australian Dollar in equal amounts, which are equally weighted. It is geographically balanced and accounts for 80% of worldwide Forex activity. The DJ FXCM Index was introduced on January 1, 2011, at a value of 10,000.00, is calculated every 15 seconds and updated Monday to Friday. It should not be mistaken for the much older and more complex US Dollar Index (DXY), which represents the weighted geometric mean of the US Dollar's value compared to six specific currencies. The weights were set according to trade weights and the Euro has the dominant weight in the DXY.
The basket contains the Euro, the British Pound, The Japanese Yen and the Australian Dollar in equal amounts, which are equally weighted. It is geographically balanced and accounts for 80% of worldwide Forex activity. The DJ FXCM Index was introduced on January 1, 2011, at a value of 10,000.00, is calculated every 15 seconds and updated Monday to Friday. It should not be mistaken for the much older and more complex US Dollar Index (DXY), which represents the weighted geometric mean of the US Dollar's value compared to six specific currencies. The weights were set according to trade weights and the Euro has the dominant weight in the DXY.
Has the Dollar Peaked?The dollar index sits at roughly 101.2 on Monday, barely moved from Friday but still riding the tailwinds of a more-than-one-year high it touched last week. The greenback is up over 2% in the past month and nearly 4.6% over the past year.
For a currency that practically every major bank expected to
Usdollar high before spike downThrough some technical analysis, pattern recognition, and quarterly cycle coming up. I believe we are either seeing the current usdollar high before a spike down, or to see a spike down lower before price makes new recent highs. Either way usdollar will spike down is me belief.
I'm using time and
The Dollar Is Winning the Safe Haven Race — And Gold Is Losing Since the outbreak of hostilities in Iran, only the US dollar provided genuine safe-haven protection for global equities. Interestingly, gold, the Swiss franc, the Japanese yen, and government bonds all failed to deliver. This dollar dominance is not an anomaly but a pattern — the same dynamic playe
USD Bulls Taking ControlWe’re interested in buying USD pairs this coming week. The dollar respected both the weekly 78.6% Fibonacci retracement and the monthly 50% Fibonacci level, which adds strong higher-timeframe confluence to the bullish bias.
Our main plan is to look for buying opportunities on pullbacks, as long as
USDOLLAR H1 | Bullish ContinuationThe price is falling towards our buy entry level at 12.58, which is a pullback support that lines up with the 38.2 Fibonacci retracement.
Our stop loss is set at 12.54, which is a pullback support that is slightly above the 61.8% Fibonacci retracement.
Our take profit is set at 12.67, which is a p
USDOLLAR H1 | Potential Bullish ReversalThe price is falling towards our buy entry level at 12.51, which is a pullback support.
Our stop loss is set at 12.46, which is a swing low support.
Our take profit is set at 12.59, which is a pullback resistance that is slightly below the 50% Fibonacci retracement.
High Risk Investment Warning
Up coming USDOLLAR major pivotI think we are approaching a major pivoting point of usdollar. At the very least a pivotal point for a few days. It is about to hit a major trendline that stopped movement earlier last week, it will also be hitting its 25 fractal retracement zone. If it does break this zone. I have one more zone in
Probable Push Down USDOLLARI am not sure, but I'd like to guess that this is the pivot point for the usdollar to go down further. It is hitting the .50 mark from the weekly high/low. Also, it is gradually declining to further trend lines which is a sign of a continued trend. This area has a high probability to push the usdoll
US DOLLAR H4 | Bullish Reversal Off Pullback SupportThe price has bounced off our buy entry level at 12.52, which is a pullback support that aligns with the 78.6% Fibonacci retracement.
Our stop loss is set at 12.47, which is a swing low support.
Our take profit is set at 12.59, which is a pullback resistance that aligns with the 61.8% Fibonacci re
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Displays a symbol's value movements over previous years to identify recurring trends.









