Among major currency, AUD trend is more resilient that other currency. The USD vs AUD dollars is at the top of BOLL and is expected to trade within the band. A major breakthrough is not likely. Because AUD is a commodity currency, it's trend will be relatively strong. AND it is the time to accumulative.
As there appears to be much discourse around the status of the dollar as "the world reserve currency", it seems interesting to me that the standard measure of the dollar's strength is not weighted in this way.
Here I am attempting to reconcile the standard dollar index (DXY), which measures the strength of the USD against a basket of other currencies (see below),...
What we love about Elliott at Rykin Capital is its seeming utility in all kinds of markets. From Crypto to stocks to FOREX to futures to other derivative types. It is the only system that incorporates the analysis of the fractal nature of markets. And it appears of all markets at that. The system is so powerful that we cannot imagine analyzing any market without...
This is a USD index I created. I use these to help gage currency strength when looking for a pair to trade. I have more of a neutral bias for the dollar right now. Waiting to see how price action plays out.
"Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah