US DOLLAR IdeaBig broadening wedge forming
Hopefully the recent drops acts as a double bottom and pushes price back up into the wedge
The recent touch of the fib transition line suggests the action through it will be bOOlish
USDOLLAR trade ideas
trendexit over sell in RSI indicator and break center line and go raise again. and touch support line and react to it
US Dollar index- Hitting long term support UpTrend line. US Dollar index- Hitting long term support UpTrend line.
US-dollar Index Time Analysis.There is a good opportunity to go long and keep the position up to 2 days.
Good Luck!
USDOLLAR Down Trend Continues But Is OversoldFXCM's USD index, the USDOLLAR remains in a downtrend. The left chart shows the daily time frame and the index is below its black 20-day SMA. The SMA is also pointing down confirming the downwards pressure. We note that the RSI is well below 20 and is oversold (blue rectangle). Moreover, we are looking to see of the index is at support (red shaded horizontal). The right chart shows the RSI at 50 and the hourly EMAs on top of each other. We are looking to see how these resolve because if the EMAs cross bullishly and the RSI moves above 50 than it suggests that we are at the support level as denoted by the red shaded horizontal. We continue to watch.
DOW JONES on more before we upif you consider selling the breakout then remember to put it on breakeven or take profit fast,then we will be looking to bounce for us look for buy setup
Structural change in USD vs GBP and EUR (post covid stagnation)USD has made a substantial "lower low" and this is matched by the EUR making a substantial "higher high".
However GBP is failing to keep pace and is not making the higher high...
USD also coming into some lows as NFP approaches tomorrow.
I anticipate USD to drive down to complete the sell-off and then we may see a bullish shift (and bearish EUR +GBP etc).
As for signals - look for daily swing lows (USD) and daily swing highs (EUR + GBP).
FX:USDOLLAR
FX_IDC:EURUSD
FX:GBPUSD
US Dollar DJ Index- Hiting long term uptrend support levels. Dow Jones FXCM Dollar Index was a measure of the U.S. dollar’s value equally weighted against four of the world’s most liquidly traded currencies:
Euro (EUR), 25% weight
British Pound sterling (GBP), 25% weight
Japanese Yen (JPY), 25% weight
Australian Dollar (AUD), 25% weight
The DollarDear Traders,
It has been a while that I shared my dollar views. Before price broke out of the daily range, I was extremely bullish for the dollar, but since we tanked there was not much to do regarding planning a bullish trade.
However, price finally found our daily demand area, combined with the weekly long-term trendline, which will probably push this dollar higher towards at least 12480.
Keep your eyes on it and look for plays on EU. The intra-day charts for USDollar already showed us some bullish pressure, EURO should provide the same later today for a potential move.
Best regards,
NewCapitalFX
USDOLLAR Downside Momentum Increases On the DailyThe above chart shows FXCM's USD index, the USDOLLAR. It is below its EMAs, with the green 5-day EMA below the orange 13-day EMA, and the orange 13-day EMA below the black 34-day EMA. Moreover, all three EMAs are showing angle and separation to the downside (red ellipse). This is a sign of strong downwards momentum and as long as this formation holds weakness is likely to persist. We also note that the support around the 12,420 level (green shaded horizontal) has been broken to the downside. If price drops further, this level is likely to evolve from support into resistance.
Titán Elliot Views on USDOLLAR INDEXPosible Corto al finalizar triangulo contracto.
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USDOLLAR's EMAs Reverse on Daily timeFurther to our previous article , FXCM's USD index, USDOLLAR, has reversed its technical makeup. The EMAs are looking to turn negative (green ellipse). If the EMAs develop angle and separation to the downside the green 5-day EMA will be below the orange 13-day EMA, and the orange 13-day EMA will be below the black 34-day EMA. This will be a testament to the Fed's unlimited QE policy, which is looking to devalue the greenback. As long as the USDOLLAR continues to churn sideways the EMAs will continue to whipsaw. We will watch the situation for a trend to develop; this which will make price action clearer.
USDOLLAR EMAs Move Into Bullish Stack on DailyThe above chart is FXCM's USD index, USDOLLAR. Further to our previous article , the daily USDOLLAR chart's EMAs have now moved into a bullish stack. I.e. the green 5-day EMA is above the orange 10-day EMA, and the orange 10-day EMA is above the black 34-day EMA. If the EMAs develop angle and separation the greenback will be moving higher despite the unlimited QE policy of the Federal reserve. The movement into the greenback is typical of fund allocation to a perceived safe haven.
USDOLLAR Could it get Strong?Could we see the Dow Jones break the key daily resistance zone and push on up to the weekly resistance area? Patience and time will tell us.
USDOLLAR Moving Closer Towards Bullish EMA StackThis chart shows the daily time frame of FXCM's USD index - the USDOLLAR. The EMAs are close to moving into a bullish stack (green ellipse). This will happen if the orange 10-day EMA crosses above the black 34-day EMA. If this happens the green 5-day EMA will be above the orange 10-day EMA, and the orange 10-day EMA will be above the black 34-day EMA. If the EMAs then develop angle and separation it will be due to an increase in the underlying bullish momentum of the greenback. This scenario is indicative of sentiment moving towards risk-off and the reallocation of capital towards the havens.
