The current UP move on DXY has started since 8 days and no signs yet appearing for the next DOWN move. Accordingly, we are bullish on DXY up to the prior top and will take any downside pullback for buys.
MOVES Trading is a new strategy benefiting from both UP & DOWN moves with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages...
The usd index has fundemental and technical analysis but I find it bearish to down level
And maybe has upward and then be moving down
Then I prefer to use this analysis at other analysis
I kindly hope to have your ideas in comments.
Thank you for your attention.
In a bigger picture, what we are now is just a correction of the previous drop. It retraced back around 61.8%. And we see a couple of rejections and shooting star, which I see it as a confirmation.
US$ INDEX has touched a third time on a upper channel so we expect US Currency to be weak for a couple of weeks down move being the anticipated direction since a perfect pin bar has be establish on the US$ currency, so on the major pairs lets expect to buy them on a buy structure formations.
Hey guys
Based on past data on USD Index since 2015, we can assume that August will be another bearish month for the currency. In fact, there is also an Ellliott Wave formation that suggests the same... Question for some of you is, if this is positive for btc? I think yes...
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As you all know, Trump wants a cheaper US dollar. It looks like he will get what he wants. In my opinion, 93 is a critical level and the red-dashed line is important. I expect a break below the red line, the depreciation of the US dollar.
Central bank meetings are the highlight once again, and include those of FOMC, BoE and BoJ. Fed Chairman Powell is expected to deliver a 25 bp rate cut, while markets have already diminished expectations for an outsized 50 bp rate cut by the Fed at its upcoming FOMC, which has returned some support to the US currency.
Tuesday - 30 July 2019
Interest rate...
Having found about the iHnS on the Hour TF, we are looking forward for a 3 Touch Resistance that would favor the bears to dominate. While on that, it may have a false break out. Clearing early sellers. We have got a rising wedge on view.
The March ’08 advance is labeled as a corrective upswing, a Zig-Zag pattern. Using Fib-price ratio model for this pattern combined with internal price measurements, we have three fib-price ratios converging, heightening the probability that the five-wave sequence (i)-(v) has ended within the last C-wave (circle) of the corrective Zig-Zag pattern indicating the...
A useful perspective to understand the coming convergences between two powerful resistance markers that are further supported by a Fib .50 resistance line (Top Left DXY Monthly). Use this as you look at the other charts.
Add in your own averages and you gain additional insight into the overall trend.
At this point, fundamental support could help push the DXY...
Hello Traders, welcome to the Weekly Forex technical analysis. Today is August 11th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week of August 11th. Looking at the Dollar Index here on the weekly time frame, the DXY losing the 97.6 resistance area and...
Dollar currently trading under 4th wave which should end at current price 97.50 for upside 98-99 level which completes the 5th wave., overall downside seems limited and can bounce sharp as no major events ahead too...
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Hello Traders, welcome to the Weekly Forex technical analysis. Today is August 4th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the weekly chart just to get into the calendar, and have an outlook into the upcoming week of August 4th. Looking at the Dollar Index here on the weekly time frame, we can see the DXY rebounded significantly...
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies. The following six currencies are used to calculate the index:
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