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Dollar-index

Unfilled gaps on Dollar Index (Inverted)This is basically inverted Dollar Index ( DXY ) chart (equal weight against 2 major world currencies EURO and YEN) Price is likely to fill the extension. Usually price react at major clean breaking points ( CBR ) or at point of releases (POR). Thats where you should place trades. Never chase price. Trade the reactions. Sooner or later such liquidity blocks come to exhaustions (low liquidity states, what others call "Bollinger squeeze") and price explodes (breaks out) either side. As we have unfilled extension to the downside - price is likely to push to the downside before US the elections. As investors pull out money from the stocks before such major events, also news. It means stocks will weaken and dollar is likely to strengthen before the elections. Join PTC club protradersclub.com
Short
by ICFX
BRICS currencies movement for the week – 16 October 2020A strong week for the US Dollar, with most Emerging Market currencies coming under pressure. Also look at my US Dollar Index Idea here: Despite the USD strength, the ZAR remained resilient, having some of the best relative BRICS currency performance for the week. BRICS currency/USD movements for this week: Brazil -1.9% Russia -1.1% India -0.6% China 0.0% South Africa -0.5% Euro /USD -1.7% Technically, the ZAR broke and close the week off below all four the 8-, 21-, 50- and 200-day Exponential Moving Averages (EMA), which over the shorter-term, might provide some further momentum in the ZAR. If this was a false break and we see the ZAR break and stay above the 200-day EMA (at R16.61) this week, we could see it move back to the 50-day EMA at R16.76. A break and close above this level could see the USDZAR test the diagonal resistance level at R16.85, with a break and close above this level, most probably bringing R17.10 back into play. With the runup to the US Elections, this (USD Strength) in my view can only happen if the momentum swings back from Biden to Trump, which at this stage seems highly unlikely. The 14-day RSI is not in oversold territory yet, which will have me optimistic should the USDZAR break and close below R16.50 early this coming week. Momentum is turning and very much moving back into the favour of the Rand, which tend to make me believe that we might just be testing the R16.10 levels again over the shorter-term. Watch the US Dollar Index early this week. Should you be contemplating any short-term long positions in the ZAR (short USDZAR), I would only look at doing so below 93.20 on the Index.
by SchalkLouw
3
DXY US Dollar Index Initial Target Hit $94.40. Retrace & Resume?DXY I published a chart for DXY at beginning of September(linked below). This video furthers the idea that DXY is in correction mode. I propose that DXY will make a retracement back to its local trendline, using the 14% retrace of March-September Swing as support now. Looking for potential bounce from there($93.32 area), then a resumption of the correction to the 38.2% March-September Swing($96.04) In 2016, after President Trump was elected the DXY proceed to top out soon after in Jan. 2017, until it put in a bottom in Jan. 2018, in correlation to Bitcoin & Crypto Market Bubble. I expect similar results for the coming election and DXY price correlation. I expect The Donald to win, thus in turn ending the correction for DXY, and resume its drawdown into 2021...If a one year downtrend ensues for DXY at that point, perhaps we see another bubble for Bitcoin late 2021, early 2022? What's is your thought? I'd love to know... Thanks for checking out my analysis!
TVC:DXY
by TheFreeCryptoPress
2
everything depends on DXY in last week , Dollar index movement make noise in all Major Trading instruments like XAU XAG EUR GBP Trading Setups , Traders and Trading institutions Feel more risk on the DXY New Price and a lot of them liquid their positions to Hedge The risk with more Liquidity Powell Testimony was Most Important Event Of the week and when he said there is no enough debt and cash to guaranty the 2% estimated Inflation rate DXY All major instruments Experienced High Volatility last night now , the last hope for Bulls Against Dollar is a rejection from the red trend line on DXY with Reliable Price Action sincerely AHZ
TVC:DXY
by Iceberg_Analytica
💵 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