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Index-dxy

DXYHope you all good As you see dollar rallying, with couple of pretty nice demand zones below, and nothing serious above until 99.90 So we can seek for BUY setups and demand zones on smaller time frames If you don't trade DXY, Be really careful trading dollar pairs, remember, Dollar rules and all obey. So, we will look for long opportunities in pairs like USDCAD, USDJPY, USDCHF and short on EURUSD, NZDUSD, GBPUSD, AUDUSD Also Commodities like Oil and Gold Like always, I'll be glad if you have any ideas or questions, Share ! Have a happy weekend
TVC:DXY
by Aidin_Jabarpoor
DOLLAR: Possible Correction ComingWelcome to this new trading idea! We are looking at the 15min chart of the Dollar Currency Index. Price did nearly touch last highs. Looking at the daily timeframe we can see that price consolidates a lot in this area. Also there is a wick candle forming for today. Getting back to our 15min chart, price retraced and made a peak high with divergence on our RSI. After that we are looking for shorts only by keeping in mind that there are new highs above the daily consolidation zone. There is no trade for us in this currency now. But looking on the Dollar in terms of correlation always helps to determine different moves of other pairs. Example: EUR/USD is also on its very bottom, where i would love to see a retrace also. Keep in mind that tomorrow the monthly candle will close. Wishing everyone a great upcoming weekend!
TVC:DXYShort
by darian_fx
3
US Dollar: Mind the scallopsScallops are broad patterns as shown in the chart. Whilst de-dollarisation is happening at a slow macroeconomic pace, coming from Russia, China and Japan (largely), it doesn't mean that the US Dollar will simply roll over. The pattern of the scallops is quite visible. Now the US-Dollar is at a critical point and making attempts to do another scallop. I don't assume that each scallop will be less prominent than the previous. Overall the trend from April 2018 seems to be weakening but I make no assumptions that in the short term (next few weeks) the US-Dollar will not bounce north. US-Dollar strength is broadly inversely correlated with commodities, metals and US-stock-markets - whilst affecting the strength of other currencies indirectly. The pattern is useful in terms of assessing other positions in the markets both on Stock Markets and Forex.
FX:USDOLLAREducation
by Captain_Walker
2
US Dollar Index potential initial target could be 95.80The US Dollar Index might have formed a meaningful top at 96.85/86 levels last week before reversing lower on Friday. The index seems to be testing the recent swing highs and could reverse lower from current price around 96.75 levels. Let us have a re-look at medium term and short term wave counts for clear direction. The medium term outlook suggests that a flat corrective drop could be in the making with Wave A in place around 93.80 and Wave B in place around 96.85 levels respectively. Till the time prices stay below 96.85 and broadly below 97.00 levels, we could see a sharp drop lower towards 95.80 at least as the short term waves unfold. A lower degree waves i and ii could be complete now and wave iii could begin any moment till prices stay below 96.85. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
Dollar index trading updateI know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this. MONTHLY CHART On the monthly chart biggest dollar weakness seems to be over. The facts: -Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it failed. So now we aim back for the 92 area. -There are some channel and trendlines really important to the next price action: the trendline starting from 2011 made the 3rd touch in the beginning of this year (2018), which confirms this trendline. It's not the strongest trendline ever, but it's a thing you need to keep in mind. -The 92 level is very strong. 6 touches already which is quite a lot. Also, those trend/channel lines are close to that level. Predictiing what price will do if this drops of, price is likely to form up a inverse head and shoulder, which is also more evidence that price might go up. Conclusion : We are still in a bear market here, but we've got quite a lot of evidence that price is about to change direction to bullish in the near future. WEEKLY CHART Zoomed in, we see a clear rejection at the highs, actually indecision, but strongly rejecting the 'edge'. -Solid break above 95 means we see an uptrend starting. -For now, heading down towards 90 to test levels again for more support. Conclusion : Definitely bearish after the sell off around the 'edge' of the breakout level. DAILY CHART On the daily price already broke a wedge to the downside. -Price might struggle around the 92.5 area, but futher targets are down to 90. Clear wedge break. Conclusion : Same as on the weekly, bearish outlook. 4HOUR CHART Same view, little bit more data, still bearish.
TVC:DXY
by VanSteenMarketResearch
Dollar index (DXY) Bollinger Squeeze 90.52 to 90.30 area saw bear momentum take the dollar down, but ever since its been coming back up to retest broken support. We are currently seeing bollinger bands narrow down and likely a move will happen soon. Price action tells me that we are still in a bear trend and we would have to be careful if thinking about buying with the landmines around 90.30 and 90.52. If we are able to break it clean we could see the next target being in the upper 91's. If the price keeps getting rejected at resistance we will likely head back down to local support.
TVC:DXY
by atovar10
Dollar Index: DXY Update and Key levels for next breakDollar Index: DXY So far DXY is displaying precisely the kind of technical price action you'd expect of something in the process of breaking down lower...the tiny continuation pattern with a bearish upwards slope, every move contained within the parallels that control this inverted flag formation. The dollar will try to rally from the lower parallel of the flag so we need to step off the gas around now if shorting USD across the pairs. Contrarians may look to go long USD again here but be careful if you do...at some point soon DXY is going to fail, breaking below the lower parallel - the point to go aggressively short USD again and to go long Gold once more, looking for 92.62 on DXY and 1305 on Gold.
TVC:DXYShort
by sumastardon