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Dollar-index

US Dollar Index bearish scenario intact.The US Dollar Index dropped lower yesterday, testing lows at 94.40 levels, before pulling back again. The index is seen to be trading at 94.51 levels at this moment in writing, and could continue drifting lower. There is no change in the bearish potential we had discussed earlier and that a safe trading strategy cold be to hold/add short positions. The index could be inching towards 92.00 and 91.50 potential lows. As an alternate scenario, if a flat is getting unfolded, we could see a surprise rally again testing 95.70 levels at least. Overall bearish scenario remains. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
US Dollar Index carving a complex corrective Wave B?The US Dollar Index hourly chart continues to consolidate between 94.40 and 95.60 levels for now. The index is trading around 94.90 levels at this point in writing and could drop to 94.75/80 during intraday, before turning higher again. Please note that structurally, the US Dollar Index would require to break below 94.80 and 94.40 levels to confirm that a meaningful top is in place at 95.70. Looking at the wave count, the US Dollar Index might be still carving out a more complex Wave B than expected earlier. Please do not be surprised if the index produces a snap rally towards 95.70/96.00 one last time before giving in to bears. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
USDX approaching resistance, potential drop! USDX is approaching our first resistance at 94.91 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 94.40 (horizontal swing low support, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
TVC:DXYShort
by Tickmill
3
US Dollar Index resistance remains at 95.70/96.00 levelsThe US Dollar Index short term story continues to inspire a potential bearish reversal. We can safely assume that the index has either formed a potential top at 95.70 levels or it could test 96.00 levels before resuming lower again. A consistent push below 94.80 levels could indicate that a meaningful top is in place at 95.70 levels. In either case, it is safe to assume that the US Dollar Index -0.07% is a potential sell on rallies chart going forward. It remains to be seen if the bearish reversal would be from current levels or from 96.00 levels going forward. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
US Dollar Index remains vulnerable around 95.70/96.00 levelsThe US Dollar Index 0.02% hourly story is suggesting that the recent rally on Friday may push it higher towards 96.00 levels before finding strong resistance again. There is no certainty of the above though, but a possibility cannot be ruled out. Please note that fibonacci 0.618 resistance is also seen at 96.00 levels and we can expect a bearish reaction if prices manage to reach there. Overall, the US Dollar Index 0.02% remains a chart to be probably sold upon intraday rallies through 95.0/96.00 levels. Yet another round of sell off could be on its way towards 92.00 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
US Dollar Index Wave C lower in progress ?The US Dollar Index is seen to be trading around 95.00 levels at this moment in writing, and it could drop lower close to 94.80 levels at least before producing a meaningful correction. With the above scenario in place, one can safely assume that 95.70/75 could be a meaningful top formed and the index could continue lower in 5 waves (Wave C). With a potential zigzag structure underway, we could expect prices to push through 92.00 levels while Wave C is in progress. On the other side, a push above 95.70 levels would only delay the drop anticipated here. Overall structure would still remain the same as discussed here. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM
DXY – A short break in the southHello, and exactly mirrored to EUR/USD the DXY is going to complete its uptrend ideally at 97.000. I think the green tradingbox you can see in the chart above is a perfect point for a turnaround to the south and a perfect entry point to place a short order. After this short break in the south, the DXY starts again to move up. But this we will see later on. Technically in Elliott-Wave-Speech the DXY completed wave a (purple in square brackets) and now we are in wave b (purple in square brackets) – in wave a (blue in brackets) of b to be precise. The idea is to trade wave b (blue in brackets). Wave b has its target at about 91.000, so the potential is good to place a short order. Please leave a comment or a message, if you have any questions! Take care tgo
INDEX:DXYShort
by HK-Capital-Management
My REAL Opinion on Short Term News & Data Good evening traders, i just want to share a idea i was thinking about. I am shorting the Dollar Index since 4 days and after being in profit till Wednesday the FED rates pushed my profits away and the dollar higher. Here are my thoughts about short term rates and data - news in the short term in general: I am trading over 3 years now and since 2 years i am looking on higher timeframes like 4h charts and the daily. For me these short term news and datas often expose as a fake out. Lets explain the scenario. Some higher news about the US or EU comes out and the numbers are higher or lower or whatever... 90 percent of the time at the second the news is out price, like in the DXY rises up or down for only seconds, hours but sometime a whole day, only to come back the whole price the day after or 4h candle after the first one is closed. Im just gonna leave this open why and who does that but facts are it happens 90 percent of the time. Back to the charts.. Im still short on the dollar because this is what i think is happening here another time. Price moved another time high this Wednesday and Thursday but cant break the strong resistance yet. Like i explained before, i think it was just a fake move to trap buyers.. P.S. Im just talking on short term data, not fundamental aspects and president elections or economic data. Let me know what you think on short term data & news in the comment section.
TVC:DXY
by darian_fx
Dollar index trading updateI know not a lot of people normally analyse the dollar index, my broker does not support it but can still analyse this. MONTHLY CHART On the monthly chart biggest dollar weakness seems to be over. The facts: -Price dropped of like a year ago, broke lows, so created a downtrend. Price recently tried to break highs to go bullish again but looks like it failed. So now we aim back for the 92 area. -There are some channel and trendlines really important to the next price action: the trendline starting from 2011 made the 3rd touch in the beginning of this year (2018), which confirms this trendline. It's not the strongest trendline ever, but it's a thing you need to keep in mind. -The 92 level is very strong. 6 touches already which is quite a lot. Also, those trend/channel lines are close to that level. Predictiing what price will do if this drops of, price is likely to form up a inverse head and shoulder, which is also more evidence that price might go up. Conclusion : We are still in a bear market here, but we've got quite a lot of evidence that price is about to change direction to bullish in the near future. WEEKLY CHART Zoomed in, we see a clear rejection at the highs, actually indecision, but strongly rejecting the 'edge'. -Solid break above 95 means we see an uptrend starting. -For now, heading down towards 90 to test levels again for more support. Conclusion : Definitely bearish after the sell off around the 'edge' of the breakout level. DAILY CHART On the daily price already broke a wedge to the downside. -Price might struggle around the 92.5 area, but futher targets are down to 90. Clear wedge break. Conclusion : Same as on the weekly, bearish outlook. 4HOUR CHART Same view, little bit more data, still bearish.
TVC:DXY
by VanSteenMarketResearch
DXY Dollar Index As Confirming Indicator for USD PairsDXY Dollar Index The dollar never quite reached the upside target here, falling 11 points shy of the 95.15 line before it was met with the most determined selling pressure we've seen throughout the entire rally from the lows. And although it's rallied from the 94.01 support line it has broken below the lower parallel now and so the 6 week-long 6% untrend is now in potential danger. Any failure to hold 94 here will create more selling back to 93.36-93.12 range at which point it should bounce away to the upside once again. This break below 94 is also needed to trigger the next EURUSD long, please see EURUSD update for more details. DXY is still probably the best confirming indicator we have for trading USD pairs.
TVC:DXY
by sumastardon
DXY Dollar Index Medium Term Target 92.40 now ReachededDXY Dollar Index Done for Now The dollar has finally reached the exact medium term target at the 94.20 level and has since started to retreat. As so often repeated here, DXY is still the best confirming signal we have across most dollar pairs. At this point all dollar pair longs should have been closed out. DXY should now enter a period of consolidation which should take it back to the 93.36-93.12 range. It must then hold at 93.12 to avoid further weakness back to the 92.55-92.25 range. Returning to the upside, DXY has to break above 94.20 to trigger any further near term dollar strength up to 95.15.
TVC:DXYShort
by sumastardon
3
DXY Dollar Index Update: Onwards to the 94.20 TargetDXY Dollar Index Update May 8th The dollar continues its advance towards the target at 94.20 but in the nearer term it's just approaching the next resistance lines, closely positioned at 93.32 and 93.42. It should consolidate the last impulse here, coming back to test the lower parallel one more time before powering up to the target at 94.20. If day trading EURUSD or other dollar pairs the 93.32-93.43 range is the right zone to close out shorts, looking to short again once DXY touches the lower parallel again. Otherwise can stay short of USD pairs until 94.20 is reached on DXY.
TVC:DXYLong
by sumastardon
Will Nonfarm Payrolls Spark A Move Lower In The Dollar Index?!Hello Traders, I hope everybody is doing great. After I covered the EURUSD in the daily chart, let’s have a look at the equivalent instrument which is the DXY. From the 2018-02-16 low to the peak of 2018-04-05 you can see clearly that the DXY has moved in a sideways to higher trend (No higher highs or lower lows). So it was just a matter of time when the consolidation breaks. Either to the upside or downside. You can see that after the important 2017 resistance levels of around 90.99-91.31 broke higher, it accelerated in an impulse higher. That is a so-called trend acceleration cycle. You can see that it has been trading higher in a narrow uptrend. So what next?! Well, for me it is simple. The DXY is still in an intact downtrend, and any move higher should be taken as a correction. Markets never move in one straight line higher or lower, they correct, trend, and consolidate and so on. With tomorrows NFPs coming up. I am expecting the DXY to get weak again. At least for a pullback lower. The next important daily level is the resistance now acting as new support level of 90.99-91.31. Also, the DXY is currently sitting at the 61.8 Fibonacci Retracement from the decline of late 2017. It can be a possible turning point. It can be the case that with the NFPs the DXY can spick higher to take some stops before turning lower like I drawn in the chart. Let's see. This view will be invalid once DXY breaks 95.15 resistance. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourselves in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
TVC:DXYShort
by TradeFxTrends
DXY is testing its resistance, potential reversal!DXY is testing its resistance t 92.61 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal overlap resistance) where price could potentially react off and fall to its support at 90.95 (50% & 38.2% Fibonacci retracement, horizontal swing low support). We do have to be cautious of the intermediate support at 91.89 (38.2% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding reaction could occur.
TVC:DXYShort
by ICmarkets
DXY: Dollar Index Update - Still Bullish to 94DXY Dollar Index Update After consolidating back to the lower parallel at 91.49 the Dollar has pushed higher towards the near term upside target at 92-55-92.64 range where it should consolidate again back to the lower parallel one last time before moving higher to the next upside target at 94.03. The overall trend remains positive whilst DXY stays within the larger parallels governing this impulse wave from inception. Look to continue to sell EURUSD (as per comment) and other pairs into DXY consolidation until the 94 target is achieved.
TVC:DXYLong
by sumastardon