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Usdindex!!

longgreeting guys THis is my usd dollar index forecast ,price has made inverse head and shoulder . we should expect more buy pressure from that zone ,as we can see the sellers pressure has ran out of momentum, a succesful break and retest will see the price to make new higher highs for the year ,relatively the usd stimulus packages that will be effect from mid march , will steer and bring hope for investors to take part in the dollar.and in the next month we will see the dollar strengthening againts major currencies . released immediately on behalf of MCFG CEO magna carta forex group
TVC:DXYLong
by MAGNACARTAFOREX
The USD rising again !Two weeks ago, the USD was seen to obviously be in a bullish divergence and was squeezing to burst up. On Friday, it just did that... so to demonstrate the daily chart would be used instead. The USD (no surprise here) popped up on Thursday and Friday. On Thursday, the USD index bounced off the descending wedge support and Friday's candlestick was a Gap Up, breaking out of a downtrend line. Technicals support this move as MACD crossed up, while the Price Momentum crossed over into the bullish zone, as marked by the green time line. Quite clear technical bounce observed here. Now to see if it is sustainable or trend changing. Btw... I'm a little cautious on seeing this chart. Because, in order for the USD index to rally really hard, and breakout of the descending wedge from this point, some pretty devastating event needs to happen. Nothing in plain sight, except for the US President handover, the alarming COVID-19 spread and massacre. Something major is brewing...
ICEUS:DX1!
by Auguraltrader
2
DXY | Falling WEDGE Pattern & Possible Breakout Target..!!#DXY #USDindex (Update) Forming Falling Wedge Pattern in 8h Timeframe. RSI Printing Bullish Divergence. In Case of Breakout, Target Would be 91.20 (Resistance) 📌NFP Data Release Ahead..!! 📈If all the NFP Data come out better than the forecasts, the #USD will rise. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
TVC:DXYLong
by Faibik
5
US Dollar Poised To Start 2021 On A Positive NoteThe U.S. Dollar has lost almost 13% of its value since it topped out at 102.99 in March , it has tumbled as the federal government carried out multiple fiscal rescue programs to buffer the economic damage from the coronavirus lockdown in the first half of the year. The chart above allows us to put U.S. Dollar's entire decline since March 2020 high in the Elliott Wave perspective. The long-term downtrend which took the currency price from 102.99 to around 89.71 in nine months took the shape of a textbook impulse pattern. Its five waves are labeled i-ii-iii-iv-v. US Dollar Bears Are Overstaying Their Welcome What should worry the bears is that according to the Elliott Wave principle, a three-wave correction follows every impulse. Corrections usually erase all of the fifth wave’s gains. For U.S. Dollar, this means a rally to the wave (iv) resistance area near 94.78 can be expected once wave (v) is over. If this analysis is correct, the U.S. dollar could be ready to come out of its funk and start rallying again. What's your view on U.S Dollar Index? Let me know in the comment. Thanks for reading! Veejahbee.
TVC:DXYLong
by Veejahbee
3
USD Index eyes further 2% drop, seasonal trends bearish! 📉Hello traders, The US dollar has been in a strong downtrend in the recent months as risk sentiment improved significantly. Markets are always looking 6 to 18 months in the future, and positive vaccine news promises global economic recovery in the next year. Moreover, US President-elect Biden's plans to increase fiscal spending puts additional selling pressure in the US dollar, and rising stock valuations attract funds to the market and increase USD supply. The latest CFTC report showed that the aggregate USD short position increased to USD 27.1 billion . The current positioning has some room to go until it reaches a 52-week extreme positioning. Because, if everyone is already short, who will be selling? Seasonality trends based on the last 33 years show that the US dollar tends to have a bearish bias into the year end, starting from mid-November. Given that the end-of-year rally in stocks will likely put further selling pressure on the greenback, we could soon see the 88.xx area and even a break below. Please hit the "LIKE" button if you find any use in this post, and don't forget to comment!
TVC:DXYShort
by MujkanovicFX
6
DXY Trading PlanPattern: Channel Down on 4H. Signal: Sell once the price approaches the 4H MA50, which has been acting as the Resistance since November 04. Target: 91.220 (a -0.75% decline from a projected 4H MA50 contact point). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
TVC:DXYShort
by TradingShot