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Usdindex

USD IndexThis is an equally weighted USD index and because the EUR has less of an impacted you will see the slight differences between this and the DXY. The index has been basing over the past several days and may soon try to move out of that base. The daily trend has been down for some time now and the September seasonal for the Dollar calls for continued weakness pushing the probabilities, in my book, of a drop higher than a rally. Looking for a continuation of Dollar weakness unless price can breakout of the descending channel. If a breakout occurs, the USD might be looking for a larger retracement and a reassessment of the chart will be needed. Looking to find good trading opportunities to sell dollars against stronger counterparts. My relative analysis says to watch NZD, AUD, GBP, CAD as strong counterparts to USD.
Short
by Aperna
DXY Formed Bullish Pin-bar, May Test 95.00 Next WeekUSD Index has formed a bullish pin bar in a weekly chart. From 2015 to 2016, the 93.00 price zone played as strong support. even this time, as well as the market, is unable to stable below 93.00 prices. From the support zone, DXY has created a weekly Bullish Pin Bar. So Technically there is a chance to test 95.00 price in the next week. Stop Loss Should be below 91.90 price zone. The trend is still down. So, we are also expecting DXY will drop from 95.00/95.20 Price Zone.
TVC:DXYLong
by UnknownUnicorn487550
Dollar index - double top patternLooking at the long-term chart of the USD index futures contracts we may spot a potential double top pattern. The first top was created in 2017 and the second in 2020. The key resistance seems to be placed at 103,68. The key level for a mentioned potential pattern is located at 88,17. This may be the first potential target for the dollar bears. However, if it is broken we may expect another decline even to the levels from 2014 at 80.00. ________ Daniel Kostecki, Chief Analyst Conotoxia Ltd. Materials, analysis and opinions contained, referenced or provided herein are intended solely for informational and educational purposes. Personal opinion of the author does not represent and should not be constructed as a statement or an investment advice made by Conotoxia Ltd. All indiscriminate reliance on illustrative or informational materials may lead to losses. Past performance is not a reliable indicator of future results. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ICEUS:DX1!
by Daniel_Kostecki
Elliott Wave View: Dollar Index (DXY) Ending Wave ((v))DXY 1 hour chart below shows that the index has continued to extend lower and can see more downside before ending wave ((v)). The index ended the cycle from June 30 high as wave ((i)) at 96.57 low. The bounce in wave ((ii)) then unfolded as a running flat Elliott Wave Structure. Up from July 6 low, wave (a) ended at 97.15 high. Wave (b) dip ended at 96.23 low. The index then extended higher in wave (c), which ended at 96.97 high. This completed wave ((ii)) in higher degree. The Index has since declined lower from that high. Down from wave ((ii)) high, the index ended wave ((iii)) at 95.77 low. The internal subdivision of wave ((iii)) unfolded as 5 waves impulse Elliott Wave Structure. Wave (i) of ((iii)) ended at 96.44 low and wave (ii) ended at 96.70 high. Wave (iii) ended at 96.06 low and followed by a bounce in wave (iv), which ended at 96.25 high. The push lower in wave (v), which completed wave ((iii)) in the larger degree, then ended at 95.77 low. Afterwards, the Index bounced in wave ((iv)), which ended at 96.40 high. Wave ((v)) is currently in progress. Down from wave ((iv)), wave (i) of ((v)) ended at 95.73 low and wave (ii) bounce ended at 96.07 high. Since then, the Index has declined lower and broke below previous wave (i) low. While below 96.97 high, expect the bounce in 3,7, or 11 swings to fail for more downside before wave ((v)) ends. The 100% – 123.6% extension of wave (i) – (ii) measured from wave ((iv)) between 95.25-95.40 is the minimum target lower.
TVC:DXY
by Elliottwave-Forecast
US Dollar Index, Long-term speculation.At the first point, we have the bullish trend line which has rejected the index up 3 times, and I'm not expecting it to break this time either. So my primary scenario is the blue structure, perhaps a little bit different formation... Breaking the trend line (also bottom of the wedge) here will turn it to strong resistance and we will possibly see something similar to the red structure after. As you know this may affect all USD pairs. Gold, Cryptos and ...
TVC:DXY
by RezzaHmt