Dollah8 hour with wavetrend ,It's everywhere, under mattresses all over the planet. debt instruments for corporations and countries. Yup, nobody wants it or needs to use it. Lol
USDOLLAR trade ideas
USDOLLAR Challenges 20-DAY SMA as Risk Aversion DominatesThe left chart shows FXCM's dollar index, USDOLLAR, challenging its black 20-day SMA. We note that, the RSI is looking to move to the bullish side of 50 (blue rectangle). If it does and the index pushes above the SMA, with the SMA turning up than risk-aversion is likely to dominate. The right chart shows the hourly time frame. Here, we can see that the EMAs are in bullish mode and the RSI is comfortably above 50. If the hourly holds these dynamics, we should see the greenback overcome the daily SMA resistance.
USDOLLAR ANALYSISUSDOLLAR IS RESPECTING THE FIBONACCI RETRACEMMENTS
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**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
DXY looking Bullish, USDOLLAR looking Bearish?DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past performance is NOT indicative of future results. Please, know how much you are willing to risk on EVERY trade that you take and be SMART!
Simplify your trading. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.
USDOLLAR Challenges Overhead Resistance on H1The left chart shows the daily time frame of FXCM's dollar index, USDOLLAR. The black 50-day SMA continues to hold as support and move upwards. However, the daily RSI is still to move above 50, which would be indicative of an underlying bullish momentum. The right chart shows the hourly time frame. Here, the EMAs are bullish (green ellipse) and the hourly RSI is on the bullish side of 50 (light green rectangle). The index is challenging overhead resistance around the 12,554 level (light red horizontal). A break above will be bullish for the greenback.
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.
USDOLLAR INDEX (DOW JONES) ANALYSIS OF TODAYCHECK THE YESTERDAR"S USDOLLAR ANALYSIS.
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**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
US dollar indexThe same as I wrote for DXY but with this equally weighted index sell set-up is even more clear.
USDOLLAR ANALYSISUSDOLLAR WILL SHOW A SMALL INCREASE.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
U.S Dollar Currency Index (DXY)U.S Dollar Currency Index (DXY) - price breakout the neckline, that confirms a strength on USD currency, that will effect eur/usd and nzd/usd setups. Eur/Usd - price rejected the resistance level and breakout the neckline.
DOLLAR INDEXhello traders,
The analysis i have shared is the viewpoint of my side based on past historical data,mind you that things of the past cannot be replicated in the future, my speculation is that dollar is going to rise,
trade safe and use your own sentiment
US DOLLAR INDEX LONG TRADEUSD Dollar Index broke upper limit of bullish pennant pattern at level 12537
Price is based above HVN at level 12449 which indicates that dollar index is in accumulation phase
Above SMA 100 on H1 frame
MACD shows start of bullish momentum
It's expected more buying to level 12859
as a target of pennant pattern
USDOLLAR H4 Timeframe Showing Signs of StrengthFXCM's USDOLLAR index is bouncing on the H4 time frame. It's green 5-hour EMA is looking to cross above its orange 10-hour EMA (green ellipse) and its RSI is looking to move above 50 (blue rectangle). If these chart than it will be considered as bullish developments. However, we need to be wary of a a correction in a larger impulse move down. to This end, if the EMAs do cross and develop angle and separation and the RSI crosses above and moves away from 50, it it may be signalling that an underlying bullish momentum is present in the near-term.
Dow Jones Dollar Index | Losing Support TrendlinePlease support this idea with LIKE if you find it useful.
Price might lose a support trendline and also Ichi Cloud support zone. On a confirmed breakout we can initiate short position.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advice.
The USDOLLAR Heads for its Worst Week of the YearThe USDOLLAR is having a brutal week after Tuesday’s emergency rate cut by the Federal Reserve – with markets expecting another 50 basis points cut on the bank's March 18th meeting.
Carry trades unwind and the index breaks below 12.250, which exposes last month lows (12.200), closely followed by December’s low (12.181).
Technically speaking these levels appear distant as it trades to extremely oversold territory. As such it could react back towards 12.271, but a massive catalyst would be required in order to challenge today’s high (12.300).
USDOLLAR Slides to 61.8% Fibonacci LevelFurther to yesterday's article , the USDOLLAR has continued to decline. It now finds itself at the 61.8% Fibonacci level of its previous impulse move. This level overlaps with price support (green shaded horizontal) around the 12,290 level. The rotation of capital into bonds as well as short term notes is putting pressure on yields. This is the the catalyst for the lower USD. We note the positive correlation between the 2 Yr Treasury Bill and the USDOLLAR (red rectangle areas). However, we again reiterate that the RSI for the T-Bill is oversold (blue rectangle) and that it will need to normalize soon. This is likely to provide support for the greenback, which may provide a floor to further greenback weakness in the near term.
