About Dow Jones FXCM Dollar Index
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.
USDOLLARLONG TERM BUYS FMG TO NEXT LEVEL. Taking this position based on the upside bias that it is showing. This is a solid setup that doesn't line up all the time. So now that its hearing its time to go all out and pull the trigger :)
Dollar IndexThe dollar is consolidating today
Long structure
Liquidity selection above the previous High
The idea is still long
Late afternoon news
What´s next for the US dollar?As everything is depending on how the FED will determine the current economic situation in the USA one could make a case for both a continued strength off the USD until the FED will cut interest rates. However, a slight indication of earlier than expected cuts will weaken the USD significantly and w
USDOLLAR, 4H analysisUSDOLLAR, 4H analysis. I believe we will see a deep pullback before going higher. There might be short term uptrend, but I think we will see deep downtrend.
Dollarthe dollar is neutral today
Powell will speak today at 4:00 p.m
the dollar will gather liquidity throughout the day
I recommend joining trads only after 4:00 p.m
today range
USDOLLAR, Weekly viewWeekly overview of USDOLLAR. Two liquidity zones are the next targets. I think the top one will be first filled and then the bottom one.
USDOLLAR, Monthly viewHello everyone, this is my overall analysis of USDOLLAR. I believe we will have a high in order to take the inducement, and then we will see a long term drop up to the extreme order block. This view is my base idea for the lower timeframes and other major pairs. I will publish W, D, 4H, 1H and 15min
Dollarthe dollar has a sideways neutral movement
He stopped me at the fibo level
to left strong rotation
below is the trend line + liquidity
US Dollar IndexUS dollar index is still sideways. I am still waiting for a break of the resistance or support zone to find the next setup for trading this week.
See all ideas
