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DOLLAR INDEX NEXT MOVE... No any strong sign to short DXY yet... wait for daily closure to confirm if daily close strongly above 95.00, indicate a good bullish momentum still in the market. otherwise a spike above 95.00, indicate a weak bullish momentum start happening. Market will swift away around. So be careful with shorting too earlier... Aim for better entry price.. overall DXY is bullish to me till this point despite all the news about trade war... US market is position itself for greater year ahead into 2018-2019 while China market will assist on this while consolidate its overprice market for a better healthier market. Longest bull market in history in making. GREAT FEAR vs GREAT GREED
TVC:DXYLong
by fxpro86
Dollar Index ResistanceHey traders! Hope you're having a good day wherever in the world you are :) So today I bring forth to you the dollar index which just doesn't seem like it doesn't want to give up it's monstrous run up in the past few weeks... until now I hope. I've drawn in what I think might be a good area of resistance and you know what that means. Time to look for shorting or long opportunities that are paired with the dollar and/or even commodities such as Oil, gold, etc. So get to it and lets make some $$$$.
TVC:DXYShort
by Agentzereo
3 reasons to sell the dollar todayNot so often there are days when you can say with almost 100% certainty that this is a day of great movement. So today is just one of those days. Too many crucial things happen on this Friday. First, the US tariffs against China ($ 34 billion) since today are reality. China, in its turn, introduces counter tariffs. In fact, this means war. Especially because Europeans are on the line, and the rest of the world as well. And although the issue of applying the protectionist foreign economic policy is ambiguous and has not quite obvious effects, nevertheless, most experts agree that the world economy will lose from this. And it can lose so seriously that a new world crisis will begin. The fact that the shares in Asia have updated the nine-month lows on the eve of July 6 suggest that these opinions did not arise from scratch. Secondly, today's statistics on the US labor market can quite unpleasantly surprise the markets. That is, we do not expect devastating data (there was simply no serious reason for this during the reporting period), but the markets are already so spoiled by excellent data from US that even a small negative deviation can well provoke a sell-off of the dollar. The United States is in fact trapped in the "ideal". Because it's impossible to stamp records always. Sooner or later, Akela will miss. The unemployment rate has reached the level of 3.8%. The occasion for optimism. So, it is so, but if you recall the course of macroeconomics, then there is such a thing as "natural unemployment". That is, the level of the labor supply, which provides an opportunity for further economic growth, since 100% deprivation deprives the economy of opportunities for growth (at least extensive). Estimates of the level of natural unemployment vary, but the consensus is somewhere around 4-5%. As you can see, the USA has already fallen below the critical level. That is, the possibilities of quantitative growth are limited. But the NFP indicator is just the quantitative growth and there is almost no space for it. So, the US will be very difficult to maintain the growth rate of new jobs at + 200K per month. And finally, as we said earlier, there are purely technica reasons, if you look at the Dollar Index chart, you can see its inability to overcome the key resistance 95 and see signs of a nascent correction: consolidation at the top, the formation of reversal graphical patterns, candlestick signals, in a neutral-negative state (see the KenJi and TDI indications), etc. So, we believe that the chances of a dollar increase are small, but the probability of correction is great. Therefore, we recommend selling the dollar on all fronts. The minimum target for correction for the Dollar Index is 93.30. But very likely and descent to area 90 in the foreseeable future.
TVC:DXYShort
by Trade24Fx
[DOLLAR INDEX] UPDATESThe dollar index will be the driver for the next week, geo-political tensions, trade war and some economic data will still move the market in the short term. From a technical point of view, the index has reached our bearish target around 88.50, and from this area has triggered a good rally. With this in mind, what's next? To find some answers, we must remember what we said two years ago, do you remember? Open the chart below: If the Fed does not change monetary policy, this view could be correct... what do you think? If you think this analysis can be useful, leave a your comment or your ILIKE! Thank you for support and trade with care!
INDEX:DXY
by TheAnonymousBanker
10
Trading Perspective on The US Dollar (June 3 – June 9)Trading Perspective on The US Dollar (June 3 – June 9): Bullish Fundamental Forecast for The USD: Bullish The Greenback got a week full of good news. U.S. economic indicators coming in so positively, notably Unemployment Rate falling to an 18-year low of 3.8% coupled with Nonfarm payrolls beating economists’ expectations (223,000 versus 188,000) continued to underpin the Fed’s tightening plan, and would continue to support US Dollar’s strength in the coming week. The rate hike probability in the next FOMC meeting on June 13 increased to 91.3%. Trade War will be the main topic for the week ahead as there will be few U.S. high-profile economic data releases printing. This week witnessed the US announce a decision to allow steel and aluminum tariff exemptions for several of its staunch allies. With G7 leaders meeting in Canada next week, this hot spot will surely be put on the agenda. However, whether the posture calms or escalates, bullish sentiment on the US Dollar will likely dominate. Technical Forecast for The USD: Bullish The USD posted a breakout failure as expected. However, risk appetite was back in play due to lots of positive announcements, leading the benchmark currency to test back the 94.24 barrier twice in the final two days of the week. Bulls seemingly continued to prevail, suggesting for a possible break above this level in the near-term. The target is predefined at the vicinity of 95.11. Follow me to get more analysis.
TVC:DXYLong
by HaiPhamFX