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Usdollarforecast

EUR/USD (Buy) & U.S Dollar Index (Sell)Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY. EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00. A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00. This offers us two trades in one as soon as EUR/USD breaks above the key technical resistance level. We look at entry price strategies and one-month ATR stop loss.
TVC:DXYLong
by KayansMarkets
3
DXY False Break or begin of a new Down trendMarket is at the bottom of a Bullish channel and is forming a bearish dark cloud cover on the weekly Prior the market formed a bearish double top but failed to hold. Market found a strong level of support at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at the bottom of the channel. I expect the market to have a false breakout and test the level of support one more time before the continuation of the bull run. In doing so the market has formed a double bottom witch is a strong bullish singn.
TVC:DXY
by HuybenD
USD Index (DXY):Multi TF shows destination 92 routed via 98.80 The multi-timeframe analysis for DXY shows the short term bounce towards 98.80 before heading lower towards 92. Following is the step by step break down of the analysis from higher to lower TF's: MONTHLY: (1) Bearish due to bounce from the long term down trendline acting as resistance. (2) The bearish divergence comes in play between the leg 3 & leg 5 of the impulsive push-up. (3) Followed by a lower low breaking through the structural horizontal support. (4) Bounced higher towards the falling trend line and gets rejected, thus forming a hidden bearish divergence to continue lower. The above-mentioned facts make the probability of pushing it towards the confluence of support zone from 92.85 - 91.33 The confluence of support is derived from the multi-year rising trendline + Horizontal support & resistance structure + Fibo Extn. 61.8 at 92.11 WEEKLY + DAILY: Are under upward correction 8 HOURLY: Bounced up from the channel support after reaching 100% Fibo Extn. around 95.80 1 HOURLY: (1) The first push-up is completed along with bearish divergence. (2) Now it's retracing to re-test the projected up trendline (RED), from where it may bounce-up to create the second leg towards channel's high. (3) Once, it reaches the upper boundary of the channel + horizontal resistance around 98.80, it may resume the downwards journey towards the 92-93 area. TRADE IDEAS: Short term- Buy the retraces until it reaches 98.80 Long-term- Selling it, once gets rejected from the channel's boundary along with a break of the rising trendline + re-test validation of the resistance. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
TVC:DXYShort
by moneytize
US Dollar Index Targets Below 94.65 As Wave 3 UnfoldsUS Dollar Index had dropped between 103.00 and 98.29 subdividing into 5 waves, hence labelled as Wave 1. The subsequent rally was corrective and found resistance around fibonacci 50% retracement (100.93), potential Wave 2. Sine then, Wave 3 could be underway towards 94.65 and lower. A drop below 98.90 would confirm the above. Alternately, Wave 2 could be still unfolding and might test fibonacci 0.618 retracement at 101.20, before terminating. Either ways US Dollar Index remain bearish as long as prices stay below 103.00 resistance. Strategy: Short against 103.00, targeting 94.65 Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Markets is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media. Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.
TVC:DXYShort
by ExclusiveMarkets
DXY - 18/11/19Quick Update on the DXY, we're seeing this downtrending trendline, price has been respecting. I'm looking for a loss of strength in the USD over this week based on technicals. HOWEVER, we have a lot of high impact news regarding the US Dollar this week therefore I would trade with caution. Be strict with risk management on USD pairs. If the dollar does in fact lose strength, USDXXX pairs will sell and XXXUSD pairs will buy. The dollar is relatively strong as of right now. But price is on a solid downtrend.
TVC:DXY
by FXwithJess