USDOLLAR INDEX(H1 chart)...Next sell opportunityLook to next sell entry at TL broke b4 Note on chart...Shortby HungDoPublished 3
USDOLLAR Pulls Back To Support AreaThe USDOLLAR has pulled back to the 38.2% Fibonacci retracement of the last impulse move up. This level coincides with a resistance turned support area (green shaded horizontal). The G7 finance ministers and central bankers will hold a teleconference today to discuss measures to deal with the economic impact of the coronavirus outbreak. The formal statement may create market volatility and it will be interesting to see if the support level holds. If the green 5-day EMA closes above the orange 10-day EMA and the RSI moves above 50, it will be regarded as bullish developments and may be a signal that the greenback has commenced its next advance. If this does happen, the catalyst is most likely to be market disappointment in the communicated monetary response i.e.a dovish stance by the Fed has already been priced in.Longby FXCMPublished 6
Dow Jones Dollar Index | Almost a Decade of UptrendPlease support this idea with LIKE if you find it useful. Highly recommend to watch the Support trendline, because it was not broken for almost a decade. At current we have an Ascending Triangle formed and if the resistance zone is past the Uptrend will continue. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice. Longby AnpuPublished 5561
2/28/20 Analisis del USDOLLAREl indice del dollar se encuentra en maximos, pero presenta evidencia de escases de compradoresby eulertraderPublished 4
USDOLLAR Momentum Down As Yields DeclineThe momentum of the USDOLLAR has declined over the course of the week. We can see this by the convergence of the green 5-day EMA towards the orange 10 day EMA (green ellipse). Moreover, the RSI has moved closer to 50 (red rectangle). As markets capitulated this week we note the bottom chart of the US 2-Yr note i.e. the yield has dropped markedly (blue rectangle). This reflects a renewed expectation by the market that the Fed will be forced to cut rates in 2020 more aggressively than initially forecast. Cuts are now expected in April, June and December. However, the greenback is showing some resilience. Today's candle (still to complete) looks like a bullish hammer (green arrow). As such we continue to monitor and if the green 5-day EMA crosses below the orange 10-day EMA and the RSI drops below 50, these will be considered as bearish developments.by FXCMPublished 9
Nothing to fear but fear itselfYou have nothing to fear the U.S. mint is here Just buy these stock dips code name Tesla Longby TheTradingHarePublished 2
USDOLLAR(H1 chart)...Sell opportunity at the confluence zoneLook to sell with PA signal confirm towards UTLShortby HungDoPublished 3
USDOLLAR Bullish Flag Continuation on H1; Awaiting BreakoutThe USDOLLAR's green 5-hour EMA has crossed above its orange 10-hour EMA (green ellipse) and the RSI is above 50 (blue rectangle). These are bullish developments and suggest an underlying positive momentum. We note that the greenback has almost completed a flag pattern (red parallel trend lines). To complete we need to see a breakout to the upside. A flag pattern is a continuation pattern i.e. the previous impulse up is the dominant direction if the pattern is a true flag. Moreover, flags fly at "half-mast”, which give a price target of 12,513 if realized.Longby FXCMPublished 12
USDOLLAR Bouncing Off Fibonacci Support on H1The USDOLLAR pulled back yesterday after registering as overbought on the daily time frame and running into resistance. Here we take a look at the 1 hour time frame. FXCM's dollar index is bouncing off of the 50% Fibonacci retracement support level. We can also see that the RSI has moved above 50 (blue rectangle), which is the bullish side of the oscillator. This may be indicative of a possible shift to an underlying bullish momentum. We are now looking to see if the green 5-hour EMA crosses above the orange 10-hour EMA and develops angle and separation (aqua ellipse). If so, these will be regarded as bullish developments.Longby Russell_ShorPublished 4
USDOLLAR Runs into Resistance; Oscillators due to NormaliseHere we see the daily chart of FXCM's USDOLLAR index. We note that the green 5-day EMA is above the orange 10-day EMA with good angle and separation. This is indicative of the strong upwards momentum of the greenback. However, technically, the index has run into overhead resistance (red shaded horizontal) at a time when the RSI is overbought (in excess of 80). Furthermore, we can see that the EMAs crossed in early January at about the time the RSI pushed above 50 (aqua ellipses). Thus,the current impulse move is mature and certainly may be close to a correction. If a pullback does chart, it may very well be a buying opportunity. The greenback is a beneficiary of the renewed fears surrounding the spread of the coronvirus, particularity to areas outside of China (we have seen a jump in cases in South Korea and Italy). I.e. the USDOLLAR is currently being utilised as a safe haven and this is likely to continue given the poor choice of alternatives (the JPY seems to have been stripped of this status, at least temporarily. following its 1.6% GDP contraction last week). Longby Russell_ShorPublished 5
Death to your crypto buddyJust try and go against it the force is strong with this one dump the corn and dump those yellow barsLongby TheTradingHarePublished 4
USDOLLAR short entry.USDOLLAR short entry. The exchange started copying a falling fractal. The primary target price is 12351usdShortby meszarosPublished 3328
USDOLLAR INDEX,Price action going up towards key resistance zoneSell opportunity Shortby HungDoPublished 3
FXCM USD Index not at same level as FuturesNot a very useful chart, but it shows the disparity between the Futures and CFD which is no surprise reallyby dionvuletichPublished 3
THE FED WILL CONTINUE OMOHello Traders, The #Federal Reserve will continue to purchase the #Treasury #Bond to ease #volatility in the #Repo market until the Q2. We do expect the $USD to breaklower as the US10 years yield #Bond will push higher. We will be watching $EURUSD for buy opportunity. Trade with careShortby OmarNAMOUCHIUpdated 2211
Dow Jones Dollar Index is close to the Support/Resistance Zone!We can open Sell under the Support/Resistance Zone. Reasons: - the price can bounce down from $ 12353; - it was four such bounces in the past with good risk-reward ratio; - potential profit will be 3 times bigger than the risk. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support! Shortby Yuriy_BishkoPublished 2254
USD on 200 SMAUSD on 200 SMA. What dollar can do? Bounce back up or dive down....by kizenbahsPublished 5
Dollar Index (DJ DXY) is near the Support/Resistance Zone...Waiting for an accurate Sell entry under the Support/Resistance Zone. The false breakout is happened. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support! Shortby Yuriy_BishkoPublished 3352
USDollarPrice is in demand directly under supply - to go lower price needs to start breaking the support holding it upShortby kate25Published 9