The dollar index made a nice bounce back up from the lower green range. The Stoch Rsi indicator shows a possible bullish crossover and the Adx indicator shows a very weak bearish trend meaning that its more then likely the bulls will take over. Because of this I see the dollar gaining some strenght this week and the dollar index attacking and breaking 100. It's...
USDOLLAR - USDOLLAR Long - Trend is long on larger time frame, forming a correction.
10 year yields. 2.30% level has been very supportive. Breakout of the wedge will mean uptrend will continue. Fundamentally this is supported by higher term premia being demanded, and Chinese flight capital leaving the UST market. I'm long USD and will add to my positions if 10 year yields really start to move a lot higher.
dollar index for this week if it's open up 100.96 will go up. if it's open under 100.41 will go down.
NFP reaction has given us a chance to add to USD longs for the medium-term. Fundamentals haven't changed and are still in play. Weaker wage growth doesn't change the fact that a structural dollar shortage and monetary policy divergence remains.
This is a follow up on the previous forecast. Previous analysis is still valid: We expect a move up to 100.75 to close the gap. Mid-term Dollar Index has some more room to move down, but we cross that bridge when we get there.
30M chart shows divergence. Long term trend is up. Dip buyers should come back into play because dollar has fallen faster than yields.
This a follow up chart on the intraday forecast of Wednesday ( ). Expect a retrace to 101.00, then a further advance to 101.75. If really strong 102.00 is a possible secondary target.
Fundamentally: rising interest rates, higher inflation expectations and a rise in US yields relative to other major G10 currencies should continue to drive the dollar higher. Further into 2017, $10 trillion of off-shore dollar denominated debt is massively bullish for the greenback. Technically: The dollar index has broken 100.50 - a major multi-year...
Dollar strength is here to stay. Fiscal stimulus, rate hikes, $10 trillion off-shore dollar debt, rising US yields, DXY breaking out of a multi-year consolidation zone. The attached chart shows a strong INVERSE correlation between DXY and oil. As the dollar strengthens, the oil price soon follows. At present, there is a MASSIVE divergence between the oil...
Strong divergence on 15M and 1H charts. Price outside 800 period BB. FOMC expected to signal potential rate hike in December. Risk = election, Trump win, political uncertainty ahead of election.
MAJOR SUPPORT TREND LINE AT 99.181. PLACE A BUY LIMIT AT 99.181. STOP LOSS AT 96.589
The Dollar Index, DXY, dipped to 94.3 today. However, on the 4H chart, there is strong divergence at this point. Furthermore, since late April, DXY has trended upwards on the 4H chart. If the trendline indicated holds, and DXY stays above 94.00, I expect the dollar to recover. Fundamentally, I feel that a neutral Fed has already been priced in to the market,...
$USD is long and probably one can hold for few years if the dark green line doesn't breach. And sell when the historical red resistance line hits.
This week the dollar looks to have finished an ABCDE Correction, Looking to make another impulse up next week.