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WORLD CURRENCY UNIT / U.S. DOLLARWORLD CURRENCY UNIT / U.S. DOLLARWORLD CURRENCY UNIT / U.S. DOLLAR

WORLD CURRENCY UNIT / U.S. DOLLAR

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WCUUSD trade ideas

WORLD CURRENCY UNIT / U.S. DOLLARThe World Currency Unit (WCU) is an indexed unit of account that stands for a unit of real global purchasing power. Since each unit by design represents a stable unit of purchasing power, the stipulated interest rate on WCU-denominated bonds represents a real interest rate. WCUUSD is another way to track the strength of the dollar index. With the setting of various MAs on the WCUUSD chart and in relation to the dollar index, we will notice that the trend and support of the moving averages are better positioned in relation to the same setting on the chart on the dollar index. WCUUSD is best followed on a daily time frame, while the dollar index can be followed on a smaller time frame. You might initially wonder why you are tracking WCUUSD when you are already tracking the dollar index chart. But you will very quickly realize how this chart is a very important indicator of the dollar's strength that can be useful for our trading with all USD pairs.
FX_IDC:WCUUSDLong
by Aleksin_Aleksandar
WCUUSD and dollar indexLooking at WCUUSD, we can track the dollar index in another way. In essence, WCUUSD represents the dollar index, but the oscillations differ in some situations. Here we see that in August last year, we had a very unstable dollar behavior, which is not visible on the classic dollar index chart. Perhaps WCUUSD gives us a better insight into the potential trend of the dollar. Based on the current picture, we can conclude that the dollar will continue to rise.
FX_IDC:WCUUSDLong
by Aleksin_Aleksandar
2
WCUUSD short view - pressure on the dollarWCUUSD is a chart that is based on the dollar and can be a good indicator for us together with the dollar index and the next trend of the US currency. Since February 2023, WTUUSD has been in a bullish channel with pullbacks up to 61.8% Fibonacci levels. After that, we see a new bullish consolidation and extension to the -0.272% Fibonacci level, and in that zone in the previous two cases, we encounter resistance. The previous time was on Thursday; since then, WCUUSD has been on a new retreat. Once again, our main target is the 61.8% level, where the dollar could get the next support before a new bullish consolidation.
FX_IDC:WCUUSDShort
by Financebroker
World Currency UnitThe WOCU (contraction of "world currency unit") is a standardized basket of currencies — the national currencies of the 20 largest national economies measured by GDP, established in 2008. The basket is reweighed semi-annually according to the relative growth of the economies, whereby constituent currencies are replaced by other currencies should the size of the GDP be overtaken by that of another national economy. Conceived as an apolitical and global alternative to the ECU, it is used as a reference currency for global investors and companies seeking to mitigate bilateral exchange rate volatility. The World Currency Unit (WCU) is an indexed unit of account that stands for a unit of real global purchasing power. Since each unit by design represents a stable unit of purchasing power, the stipulated interest rate on WCU-denominated bonds represents a real interest rate. In principle, the common denomination of bonds by issuers from different parts of the world using the WCU, as well as the greater transparency of real interest rates, will produce more efficient capital markets, as savers and borrowers around the world converge in their understanding of what each basis point of interest means and are protected against two key sources of uncertainty, namely inflation and exchange loss risks. The WOCU’s advantage is that it is a natural currency stabilizer. The WOCU acts as an apolitical “Well-oiled shock absorber”, naturally smoothing out exchange rate volatility. The WOCU is applicable across a huge financial spectrum; trading of goods and services both on and offline, corporate treasury, asset and fund management, savings and bonds: from whole nations down to individuals.
FX_IDC:WCUUSDLong
by Aleksin_Aleksandar