The dollar has shown that the consolidation has completed as it headed north through the whole of last week.
Every indicator is in favour of a bullish dollar such as the 20,55 and 200 moving averages that are pointing upward, the Bollinger band that has opened its mouth, and the MACD has crossed upwards above level zero.
The low and the high keep getting higher as...
We analyzed the dollar last week and left the same sentence on the graph above, the only change is the question mark that became an exclamation mark, this is the reason:
The dollar broke serious resistance and so we thought that this is now the dollar is going to rise upwards and then suddenly there was a drop then we did not know whether this decline shows that...
Yesterday on May 16, 2019, buyers out as winner when they were push up the price succesfully.
Now, with a little correction , I believe price will continue rising.
In this video update, we take a look at the USD INDEX in order to understand the current situation.
We feel that the USD is holding up at the moment due to the risk-off sentiment in the market.
Technically the price remains in a consolidation pattern and if we see price take out $97.00
we could expect a larger sell-off.
DXY / USD INDEX Technical review
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals...
Hi Guys,
this post is related to the following tweet posted by @EdVanDerWalt.
twitter.com
Starting point: the top made on Jan 2002 by the US Trade Wighted Broad Dollar is = to top made on Jan 2002 by US dollar Index.
Today:
- Top forming by the US Trade Weighted Broad Dollar on Jan 2017 same level as its 2002...
The stock market is a medium to transfer the wealth from the banks to the entrepreneurs so that entrepreneurs can get more loans from the banks which in turn will create more jobs, maintain prosperity and the stability of the system. #Illuminati #enlightened
Government is happy (Tax on Investment)
Federal Reserve is happy (Gets to create money)
Banks are happy...
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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DXY
