Get started
Dow Jones FXCM DollarDow Jones FXCM DollarDow Jones FXCM Dollar

Dow Jones FXCM Dollar

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals

USDOLLAR trade ideas

USDOLLAR Dips in UptrendThe chart on the left shows the daily timeframe of FXCM’s USDOLLAR basket. It is in the bullish area between the upper red and upper blue. The right chart is the hourly timeframe. It has pulled back to the 50 retracement of the last major impulse up. The stochastic has turned positive. We are now looking to see if this will lead a golden cross in the EMAs. If this does take place, it will be regarded as bullish. However, the momentum test is denoted by whether the stochastic can make it to the 80 level and hold that position.
FX:USDOLLARLong
by FXCM
3
USDOLLAR Pullback At Key Fib Levels on HourlyThe chart on the left shows FXCM’s USDOLLAR basket on a daily timeframe. It is in the bullish area between the upper red and upper blue bands. The chart on the right shows its hourly time frame. The greenback has pulled back to the 50%/61.8% Fib levels. If these levels hold as support and if the EMAs and the stochastic cross bullishly, the short-term participants may be be syncing up with the long-term chart. If this happens, a movement by the stochastic to the 80 level and the maintenance thereof may be suggestive of an underlying momentum push.
FX:USDOLLARLong
by FXCM
3
DOLLAR REVERSAL COMING!!We are ending the quarter with a strong dollar flush to the upside - with price spiking on no volume signaling liquidation of dollar shorts - On the higher TF price is testing major selling zone & resistance & moves like these can witness strong one way reversals if not backed by higher TF conviction - Therefore watch for reversals on specific dollar pairs at the October open, while using this months range as a bias to confirm a reversal (dont short dollar if it breaks above this current Sep range). Technically a reversal at these levels would b significant and can send prices all the way down to the yearly lows! Watch & see how it plays out!
FX:USDOLLARShort
by Captain_Maj
US Dollar Index - Bearish ??US Dollar Index – After a lot of high impacting news for the dollar this week it is crucial that we determine the direction of the dollar heading into a new week. News Summary – There was one question every investor was eager to gain insight on and that was whether we would be given a clear path and date for when the US will begin to start tapering bond purchases. Powell’s speech certainly gave a hawkish tone however as we were not given a clearer timeline on the above this held the dollar back and is the reason, we didn’t see an impulsive move that matched the hawkish tone we seen. We should continue to monitor closely the numbers coming out of the US over the next few months to give hints as to when the Fed will be pressured into putting the ball into motion so to speak. Analysis – Moving into next week we are looking for a bearish impulsive move from the US Dollar. Moving on to the 4hr chart we can see we have just posted a double top and initially bounced. We anticipate a move down towards the neckline with full confirmation of further bearish pressure on the horizon after a break and retest of the neckline and the minor ascending “watch for break” trend. We will be monitoring USD pairs for shorting opportunities. As always, I’d love to hear your thoughts on the US Dollar Index and what your outlook is. Let me know in the comments below. Hope you have had a profitable week in the markets, and it continues through into next week. The Fx Chartist
FX:USDOLLARShort
by TheFxChartist_
2
DXY (DOLLAR INDEX)On overall, I have a bullish momentum for the Dollar index but we can see the formation of a head and shoulders which could mean that we are likely to see a bit of USD weakness temporarily. If we don't see a break above the current support, then we are going to see USD weakness. Only after we see a break of the next suport level at 12046, should we see DXY continuation a bullish move to 12133. Watch out for the news releases this week that could affect the USD, and as always, trade safe. Like and comment your thoughts. check linktree in Bio for chart analysis.
FX:USDOLLAR
by Kaumbi02
USDOLLAR - Right Shoulder Completion ⚠️For more analysis like these, be sure to give it a thumbs up! Last week we were waiting for the right shoulder to be completed. We moved up nicely to the right shoulder and we capitalised on the XXXUSD shorts, particularly the EURUSD short (see linked chart for EURUSD analysis). We are now waiting for bearish price action to confirm USD weakness. If we do not get the bearish price action from the right shoulder, the next area we are looking at is the recent highs of 12040 for rejection. We will be correlating this chart with the XXXUSD charts. Goodluck and as always, trade safe!
FX:USDOLLAR
by WicktatorFX
12