FAKE OUT FALLING WEDGE CONTINUATION ?????Im bullish on USD Pairs at the moment. Please comment like etcLongby vanp914
US dollar index tracking the corrective structure.Hi, Lets see what happens with the upcoming structure. Thanks for watching.by Abel886
Dollar Index-Up or DownFrom previous bull run and now end of bear run, per fib ret 0.78, PA has hit a major support. The fib. ret on chart shows you areas of resistance, when bullish trend starts now or soon. At this time, chart is still showing lower HIGHS and lower LOWS (bear trend). I would wait until an higher HIGH shows on this chart.by Anbat10
Imminent US Dollar 2017 low?Fundamentally the Dollar is set to rally to 12,240 - 12,250 following an upward revision in 1st quarter GDP data and the build-up to the June FOMC meeting in which the Fed is expected to raise rates by 25bp in line with the three rate hike forecast since December. The final hurdle to cross is the June NFP due this coming Friday - in which only a strongly disappointing report can derail this plan. Strongly disappointing in this context would have to show less than March job growth, with its low number of 98k. Inflation remains on course according to the Fed, and fears that they are falling behind the curve will sustain pressure on the FOMC to hike the Fed Funds rate. Technically the FXCM USDOLLAR has been locked in a falling wedge pattern since December and the reversal from Mondays low has reconfirmed the lower trendline. As the falling wedge approaches narrowing convergence; the FXCM USDOLLAR is facing an imminent breakout during the second quarter - with fundamentals pointing to the upside. Expectations of an upcoming 2017 USDOLLAR low becomes probable during June - July.Longby Lifestudent387
US DollarSwings are still dropping expecting a retrace - however momentum is up for now.Longby kate2520
The USDollar Is Still Bullish | DXY is Outdated!This is not DXY, which is a different measurement of the dollar. The DXY is outdated, yet some trade books and even traders still look at it randomly over more accurate dollar indices, such as the trade-weighted dollar index established by the US Federal reserve. So far, a trade-weited index is not available on Tradingview. There is also the Wall Street Journal Dollar Index called BUXX that is also not available on Tradingview. Initially, DXY reflected the US trade partnership with the Euro, but it was never updated as US trade partnerships expanded globally. So, the trade weights in DXY is outdated. You will not get an accurate picture of what is going on. The Trade Weighted U.S. Dollar Index can be found here at the US Federal Reserve's website: fred.stlouisfed.org They have also written an article called "Is a Strong Dollar Better than a Weak Dollar?" research.stlouisfed.org And even if the dollar becomes weaker than ever, this would be good for exports and for stocks. Money will pour in more to support the US economy because of the value that it offers to investors. Longby RocketmanUpdated 8
USD Pairs to Retest Previous HighThis Bullish Wolfe Wave has not yet violated structure. Entries for Dollar longs are almost optimal at this point. Longby WolfeHunting6
$USD 5 YEAR CHANNEL BREAK. All about the reaction to 12000 w/ 50, 100 sma and gartley as support Political forces will put drag on king dollar. Shortby CajunXChange6
DOLLAR INDEX double top + bearish divergencePotential for bearish trend with double top and bearish divergence on both RSI and stochasticShortby LeTigre75221
US Dollar ReversalUS Labor data showing signs of improvement in terms of wage growth and a low unemployment rate following the seasonal factors that caused weak labor data in the first quarter. As this upbeat data factors into retail spending and investments the greenback will find support especially with an anticipated rate hike in June. Key support anticipated at 12,050 - 12,150 levels.Shortby Lifestudent383