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Dollar-index

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
U.S Dollar Index on a Decisive Area by ThinkingAntsOkDAILY CHART EXPLANATION: 🔸 Price has been on a downtrend after bouncing at the Resistance Zone near the 100 level. . 🔸 It is now facing the Ascending Trendline. . 🔸 If this trendline is broken, then price has potential to reach the Support Zone at 96.00, and, if that Support Zone is broken, then the next target is the Support at 93.75. . 🔸 Will look for a lower timeframe bearish setup in case the trendline is broken. 4H CHART ANALYSIS:
TVC:DXYShort
by ThinkingAntsOk
4