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USDOLLAR trade ideas

US Dollar Counter-trend TradeWeell... As you can see our divergence pattern occurred also in the US Dollar Index. The think is that also appeared in Silver and don't forget those two instruments have a negative correlation. So if both diverge the same time... I don't know :P But i think its more highly likely that we are going to see a reversal Now lets head back to the set up...! As we can see the RSI didn't give us the signal in the first leg after the initial Impulsive one because it went above the 80 level So we had a HHL but not inside the RSI 80 level That's why had to wait for a second chance
FX:USDOLLARShort
by jaktrader
US Dollar CorrectionExciting times await as the US Dollar rallied into 14-year highs as US Treasury yields rallied and the Dow Jones hit all-time highs following the most recent Fed DotPlot that charted a three-quarter rate hike during 2017, supported by evidence of Economic recovery accelerating in the US amidst strong GDP growth in the last quarter of 2016, strong job creation with unemployment dropping to a low of 4.6% and the outlook that Trumpenomics is about to spur on inflation when Trump takes office. Slipping by unnoticedly however is weak wage growth and bearish momentum in consumer spending habits and capacity utilization which will likely dampen the outlook from a three-quarter rate hike to a two-quarter rate hike during 2017, and as result the premium US Dollar stands to be corrected by at least 200 points as the market starts realizing the over pricing of the US Dollar. This is not the only risk factor when it comes to the pricing of the US Dollar to watch as free trade agreement withdrawal, new presidents in office and a trade war with China will likely send the US Dollar back down to the 11,800 level during 2017 and perhaps even lower pending developments in the Eurozone. The key levels to watch out for in the immediate future are 12,500 on the correction from the recent high followed by another test of 12,600 as the market will rush to push the Dow Jones above the 20,000 level followed by a deep retracement when Trump takes office on the 20th of January.
FX:USDOLLARShort
by Lifestudent38
USDOLLAR | Bearish Wolfe Wave | Targets DefinedHello Traders, The US DOLLAR, which is a basket of major currencies weighed against the USD, is showing signs of weakness after an explosive move to the upside. Here we have 3 potential targets. The first target, and highest probability target, is Geo's Off-Set Rule #3 at point 3, followed by Geo's Off-Set Rule #2 at point 4, and finally the 1-4 target line. Although I expect the 1-4 target line to hit, Geo's Off-Set targets are placed on this chart for visual purpose. What you should be looking for here is consolidation and support at these levels as the index moves to lower depths. Stay tuned for more updates. Best, Chartistry
FX:USDOLLARShort
by GWaves