Dollar-index
USDOLLAR Holds 50-Day Moving Average SupportThe left chart show's the daily chart of FXCM's dollar index, USDOLLAR. The instrument is holding support at the black 50-day moving average. The RSI is also looking to cross above 50, which is the bullish side of the oscillator. The right chart shows the hourly time frame. Here the RSI is already bullish and if the EMAs start moving upwards (green ellipse), the greenback is likely bid. If this is the case and the sentiment transfers to the daily time frame, the market will be moving towards a risk-off sentiment.
DXY Intraday Move SpeculationI assume it will have some small retracement upward after being sell-off for some days. If that weekly s2 holds the price from falling further lower then price prolly may rise back up around the s1 which in line with our Fibonacci 61.80%. In a nutshell, retracement speculation for intraday.
NAS100 USD BUY (NASDAQ 100 INDEX - US DOLLAR)Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Global USD valueStrength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea.
There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown.
Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed.
The area between CAMS1 and CAMR1 is regarded as neutral market.
A break above those levels will establish a bear or bull market.
Demark trendline needs to connect 2 corresponding TD N points. While here we see disproportion (bottom TD point is only N1) so I dont give much credence to that trendline.
If both USD and EUR will keep falling we will see a range on EURUSD.
The question is which one will fall faster. But now we see a pivot stop on USD fall but EUR is likely to keep falling on Monday as it is below April value zone.
Global EURO value index (see my previous post) started to exhibit great daily instability since early March (each days candle has long wigs either way).
I excluded CAD as its economy is much intercorporated with the US one and GBP, CHF being a EURO clones. But still inclusion of those doesnt change the picture much.
💸DOLLAR INDEX💸HELLO, MY DEAR FRIENDS!!!!👋👋👋
🧐I hope you stay safe and happy!!!! 🥰
💲Let's take a look at INDEX DOLLAR. 💲
📝What we can expect from it in a few days?📝
☝🏿The price for a long time in the ascending channel( I think it's at the completion stage).
👇Then we expect a breakdown to the nearest powerful support level. Target 94.897.
❓❓❓What do you think about my chart?
💕💕💕💕Like and subscribe.✔✔✔
🚀💣With LoVE, Rocket Bomb!❤❤❤
DXY Waiting for the Breakout by ThinkingAntsOk🔸 4H CHART EXPLANATION
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🔸 Price broke the Ascending Trendline.
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🔸 Also, the Support Zone has been broken (Now Resistance Zone).
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🔸 We are waiting for a breakout of this retracement before considering short positions.
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🔸 We will look for a lower timeframe bearish setup in case the breakout happens.
🔸DAILY CHART ANALYSIS:
Dollar Index (DXY) AnalysisIf this area holds, bouncing from the 200MA and Fibonacci level we could see see a second leg of strength for the dollar. As we know, during uncertain times, crisis' and recessions - the dollar rules king. If the Covid-19 panic selling continues it would support this analysis and strengthen the dollar. We are also seeing many correlations across the board for appealing flight to safety setups. Be careful will synthetic trades and your exposure.
US 30 - USD BUY (US WALL STREET 30 INDEX - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Have we reached our bottom !!???Im just amazed at the speed and volume trading volumes have move in , over essentially the last month
Please note 20 MA applies (Yellow). Its still too early to figure your getting a ferrari off this setup
but lets watch and wait for this to play out ..
U.S Dollar Index on a Decisive Area by ThinkingAntsOkDAILY CHART EXPLANATION:
🔸 Price has been on a downtrend after bouncing at the Resistance Zone near the 100 level.
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🔸 It is now facing the Ascending Trendline.
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🔸 If this trendline is broken, then price has potential to reach the Support Zone at 96.00, and, if that Support Zone is broken, then the next target is the Support at 93.75.
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🔸 Will look for a lower timeframe bearish setup in case the trendline is broken.
4H CHART ANALYSIS:
U.S Dollar Index Potential Long Move by ThinkingAntsOk4H CHART EXPLANATION:
Price in on a clear uptrend, and now it has broken the top of the Ascending Channel. This is a clear bullish signal, so, we consider it has potential to reach the Resistance Zone. Will look for a lower timeframe bullish opportunity.
DAILY CHART ANALYSIS:
DXY DOLLAR INDEX - SHORTlooking to Short dollar at a daily supply during fomc press conference in 30 mins
Dollar Index, Fall after the pullback..The price bounced from the Support/Resistance Zone after the pullback and can fall down again.
This is not strong zone but it there is some price reaction on lower timeframe.
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Before to trade my ideas make your own analyze.
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Thanks for your support!
Short Movement coming on USD/JPY by ThinkingAntsOk4H CHART EXPLANATION:
Price has been on a bullish trend for a few months. Right now is facing a confluence zone between the Daily Descending Trendline and the Resistance Zone, so, we consider that it could be a bearish movement here. Also, the Ascending Trendline has been broken, and if price consolidates below, it is a strong signal for the downside move.
DAILY CHART ANALISIS:
U.S Dollar Index (DXY) possible bullish move ThinkingAntsOk4H CHART EXPLANATION:
We observe that price is bouncing at the Support Zone that has been tested multiple times. If the Descending Trendline is broken, we wil consider it as the bullish confirmation and there will look for long setups.
DAILY CHART EXPLANATION:
US30 USD SELL (US WALL STREET 30 INDEX - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
SPX500 USD SELL (STANDARD AND POOR'S 500 INDEX - US DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
DXY in bullish channel, tests USD pairsThe US Dollar Index $DXY finds itself in a bullish channel similar to gold on the daily chart, watch for breakout(s) going into the weekend!
All trading involves risk. Use proper MM when trading currency markets.
Possible Bullish Movement comming on Dollar Index CHART EXPLANATION:
We observe that price broke the Ascending Trendline and did a strong bearish movement towards the Support Zone. However, it could not break it and did a double bottom pattern, breaking the Descending Trendline. Now we are waiting a movement to the Resistance Zone at 98.30, and, if the zone is broken then it could go to the Resistance Zone at 99.30. If not, then we will wait for a bounce towards the Support Zone.
DXY We are a moving motivational identify the we .
and we process up trend evaluation too.
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Short Movement on U.S Dollar Index by ThinkingAntsOkDAILY CHART EXPLANATION:
On this timeframe, we observe that the Dollar Index has been on a bullish movement since March '18. However, the last year, the bullish momentum started getting weaker forming a secondary wedge pattern below the Broken Main Wedge. It has bounced at the Top of the Wedge Pattern and at this moment price is breaking down the pattern. If it manages to consolidate below, the movement will be almost confirmed. We will look for a corrective structure on a lower timeframe to take short positions. The main target is the Support Zone at 96.00, and, if this zone is broken, then the Weekly Ascending Trendline will be the potential target area.
