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Dollar-index

💵 Dolla Dolla Bills Y'all. (DXY)😯 The almighty usd is at a critical point of Resistance as it compresses for a major move. The green triangle is your zone of compression. I analyzed this chart not too long ago and spoke about how this Resistance level would be a strong level. We continue to fight as the monthly and 2 month start to compress and shift red with the ema dots indicator below. Once the support or resistance on the triangle breaks that will show you the next multi year cycle of where the dollar wants to go. Breaking down would result on a lower low and a lower high on the major view of dxy. It almost resembles the same patter from 1986 to the early 2000s, a massive cup pattern. A breakout to the upside would be extremely bullish. Major long term support is the green arrow on the bottom of the long term downward channel that we are currently in. Keep on printing that mooolahh 🤔 Hope this helps! Have an awesome trading week! 🥳 🥇MLT | MAJOR LEAGUE TRADER
TVC:DXY
by UnknownUnicorn2319099
4
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.
FX:USDOLLAR
by FXCM
Dollar set to break 2016 highDollar is set to break 2016 high. This I can conclude from multiple confluence: halfyearly A-pivot breakout, Wolfe projection, dragon pattern projection, DeMark gap breakout, DeMark breakout projection confluence, Camarilla monthly R4 roof breakout, false test of the last LL and Woodies pivot projection´s confluence with 2016 high. DeMark breakout projection coincides with last Month Woodie R1. Wolfe projection gives us the speed of the move - by May 19 price should reach Wolfe projection. Woodies R4 tells us from dragon will draw its tail (as it was with yields and bonds in March - their collapses stopped at Woodies R4). Dollar will stop at Dragon´s 0.61 FIB (usually price ranges here) - before Quarterly A-Pivot (usually price stalls before this pivot ) breakout. Because Dollar is set for a rapid move up, there is likelihood gold might fall - usually they are negatively correlated (though recently they trended up together). Most markets will go red, everything that is pegged to dollar including crude oil. We are likely to see rapid falls in SP500 , EUR, GBP (GBP is gonna fall faster than EUR - see my EURGBP analysis), NZD (rising wedge bearish continuation pattern) and BTCUSD (Bitcoin reached its ultimate daily Kumo cloud resistance area from where we are likely will see a drop).
TVC:DXYLong
by ICFX
DXY - Gold negative correlationJohn Murphy in his classic on "Intermarket Analysis" writes on the dollar gold negative correlation. Here we compared DXY - Gold correlation on daily chart in regard towards 200 day average. If you will take closer look, you will see that in case of divergences forming, it is dollar index that usually fails. If gold breaks resistance (being in sharp uptrend towards 2011 highs) and we do observe some sort of bullish cup and handle continuation pattern - dollar is likely to fall. By DeMark criteria, bullish breakout on gold looks better than the one on dollar index. On correlation cofficient, we are also observing ever decreasing divergence trend towards 200 day average. At any case one of two should fail in uptrend:)
TVC:DXYEducation
by ICFX
13
Dollar Index AnalysisDouble top pattern on the dollar index. A breakout from the neckline would suggest downside and some dollar weakness across the board. Alternatively, we could be witnessing a fake-out. On the daily time frame, there are multiple confluences around the next support level including a 200day MA, key fib level while also being at a key psychological level. Either way, we will look for confirmations to confirm the future direction rather than being predictive it is best to become reactive to market information.
TVC:DXYShort
by Ironclad_Investments