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Dollar-index

💵 Dolla Dolla Bills Y'all. (DXY)😯 The almighty usd is at a critical point of Resistance as it compresses for a major move. The green triangle is your zone of compression. I analyzed this chart not too long ago and spoke about how this Resistance level would be a strong level. We continue to fight as the monthly and 2 month start to compress and shift red with the ema dots indicator below. Once the support or resistance on the triangle breaks that will show you the next multi year cycle of where the dollar wants to go. Breaking down would result on a lower low and a lower high on the major view of dxy. It almost resembles the same patter from 1986 to the early 2000s, a massive cup pattern. A breakout to the upside would be extremely bullish. Major long term support is the green arrow on the bottom of the long term downward channel that we are currently in. Keep on printing that mooolahh 🤔 Hope this helps! Have an awesome trading week! 🥳 🥇MLT | MAJOR LEAGUE TRADER
TVC:DXY
by UnknownUnicorn2319099
4
USDOLLAR's EMAs Reverse on Daily timeFurther to our previous article , FXCM's USD index, USDOLLAR, has reversed its technical makeup. The EMAs are looking to turn negative (green ellipse). If the EMAs develop angle and separation to the downside the green 5-day EMA will be below the orange 13-day EMA, and the orange 13-day EMA will be below the black 34-day EMA. This will be a testament to the Fed's unlimited QE policy, which is looking to devalue the greenback. As long as the USDOLLAR continues to churn sideways the EMAs will continue to whipsaw. We will watch the situation for a trend to develop; this which will make price action clearer.
FX:USDOLLAR
by FXCM
Dollar set to break 2016 highDollar is set to break 2016 high. This I can conclude from multiple confluence: halfyearly A-pivot breakout, Wolfe projection, dragon pattern projection, DeMark gap breakout, DeMark breakout projection confluence, Camarilla monthly R4 roof breakout, false test of the last LL and Woodies pivot projection´s confluence with 2016 high. DeMark breakout projection coincides with last Month Woodie R1. Wolfe projection gives us the speed of the move - by May 19 price should reach Wolfe projection. Woodies R4 tells us from dragon will draw its tail (as it was with yields and bonds in March - their collapses stopped at Woodies R4). Dollar will stop at Dragon´s 0.61 FIB (usually price ranges here) - before Quarterly A-Pivot (usually price stalls before this pivot ) breakout. Because Dollar is set for a rapid move up, there is likelihood gold might fall - usually they are negatively correlated (though recently they trended up together). Most markets will go red, everything that is pegged to dollar including crude oil. We are likely to see rapid falls in SP500 , EUR, GBP (GBP is gonna fall faster than EUR - see my EURGBP analysis), NZD (rising wedge bearish continuation pattern) and BTCUSD (Bitcoin reached its ultimate daily Kumo cloud resistance area from where we are likely will see a drop).
TVC:DXYLong
by ICFX
DXY - Gold negative correlationJohn Murphy in his classic on "Intermarket Analysis" writes on the dollar gold negative correlation. Here we compared DXY - Gold correlation on daily chart in regard towards 200 day average. If you will take closer look, you will see that in case of divergences forming, it is dollar index that usually fails. If gold breaks resistance (being in sharp uptrend towards 2011 highs) and we do observe some sort of bullish cup and handle continuation pattern - dollar is likely to fall. By DeMark criteria, bullish breakout on gold looks better than the one on dollar index. On correlation cofficient, we are also observing ever decreasing divergence trend towards 200 day average. At any case one of two should fail in uptrend:)
TVC:DXYEducation
by ICFX
13
Dollar Index AnalysisDouble top pattern on the dollar index. A breakout from the neckline would suggest downside and some dollar weakness across the board. Alternatively, we could be witnessing a fake-out. On the daily time frame, there are multiple confluences around the next support level including a 200day MA, key fib level while also being at a key psychological level. Either way, we will look for confirmations to confirm the future direction rather than being predictive it is best to become reactive to market information.
TVC:DXYShort
by Ironclad_Investments
USDOLLAR Holds 50-Day Moving Average SupportThe left chart show's the daily chart of FXCM's dollar index, USDOLLAR. The instrument is holding support at the black 50-day moving average. The RSI is also looking to cross above 50, which is the bullish side of the oscillator. The right chart shows the hourly time frame. Here the RSI is already bullish and if the EMAs start moving upwards (green ellipse), the greenback is likely bid. If this is the case and the sentiment transfers to the daily time frame, the market will be moving towards a risk-off sentiment.
FX:USDOLLARLong
by FXCM
Global USD valueStrength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea. There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown. Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed. The area between CAMS1 and CAMR1 is regarded as neutral market. A break above those levels will establish a bear or bull market. Demark trendline needs to connect 2 corresponding TD N points. While here we see disproportion (bottom TD point is only N1) so I dont give much credence to that trendline. If both USD and EUR will keep falling we will see a range on EURUSD. The question is which one will fall faster. But now we see a pivot stop on USD fall but EUR is likely to keep falling on Monday as it is below April value zone. Global EURO value index (see my previous post) started to exhibit great daily instability since early March (each days candle has long wigs either way). I excluded CAD as its economy is much intercorporated with the US one and GBP, CHF being a EURO clones. But still inclusion of those doesnt change the picture much.
by ICFX
3
💸DOLLAR INDEX💸HELLO, MY DEAR FRIENDS!!!!👋👋👋 🧐I hope you stay safe and happy!!!! 🥰 💲Let's take a look at INDEX DOLLAR. 💲 📝What we can expect from it in a few days?📝 ☝🏿The price for a long time in the ascending channel( I think it's at the completion stage). 👇Then we expect a breakdown to the nearest powerful support level. Target 94.897. ❓❓❓What do you think about my chart? 💕💕💕💕Like and subscribe.✔✔✔ 🚀💣With LoVE, Rocket Bomb!❤❤❤
INDEX:DXY
by RocketBomb
12
Dollar Index (DXY) AnalysisIf this area holds, bouncing from the 200MA and Fibonacci level we could see see a second leg of strength for the dollar. As we know, during uncertain times, crisis' and recessions - the dollar rules king. If the Covid-19 panic selling continues it would support this analysis and strengthen the dollar. We are also seeing many correlations across the board for appealing flight to safety setups. Be careful will synthetic trades and your exposure.
TVC:DXYLong
by Ironclad_Investments