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Dollar_index

Trading Perspective on The US Dollar (June 3 – June 9)Trading Perspective on The US Dollar (June 3 – June 9): Bullish Fundamental Forecast for The USD: Bullish The Greenback got a week full of good news. U.S. economic indicators coming in so positively, notably Unemployment Rate falling to an 18-year low of 3.8% coupled with Nonfarm payrolls beating economists’ expectations (223,000 versus 188,000) continued to underpin the Fed’s tightening plan, and would continue to support US Dollar’s strength in the coming week. The rate hike probability in the next FOMC meeting on June 13 increased to 91.3%. Trade War will be the main topic for the week ahead as there will be few U.S. high-profile economic data releases printing. This week witnessed the US announce a decision to allow steel and aluminum tariff exemptions for several of its staunch allies. With G7 leaders meeting in Canada next week, this hot spot will surely be put on the agenda. However, whether the posture calms or escalates, bullish sentiment on the US Dollar will likely dominate. Technical Forecast for The USD: Bullish The USD posted a breakout failure as expected. However, risk appetite was back in play due to lots of positive announcements, leading the benchmark currency to test back the 94.24 barrier twice in the final two days of the week. Bulls seemingly continued to prevail, suggesting for a possible break above this level in the near-term. The target is predefined at the vicinity of 95.11. Follow me to get more analysis.
TVC:DXYLong
by HaiPhamFX
Long-term speculation on U.S. Dollar indexBased on past 1M regressional analysis (neutral RSI = 49.761, ADX = 32.900, CCI = -23.1942, Highs/Lows = 0.000), mirror patterns usually occur on DX over long periods of time. Same recurring patterns are expected on the 1D time-frame, which is now bullish (even overbought on RSI = 77.665) looking for its first Resistance since its uptrend started (since March 27) at 94.100. A Rectangle is expected afterwards before a pull back to 91.010 in mid August to form the basis for the next bullish cycle into December 2018.
DLong
by InvestingScope
DOLLAR INDEX UPTREND CONTINUEAs the chart show: 1) Double Bottom. 2)Inverted Head and Shoulders. 3) Wave v of wave 3 just started, it'll be strong. 4) Wave count 1 - 2 - 3 may be better replaced with A - B - C , to indicate it is a corrective wave that all Dollar Index history is corrective waves. 5) Each two consecutive waves consumed 3 years to complete. 6) This means the final wave up will continue for 3 years, to the end of 2020 . 7) After that, starting 2021, it'll go down and test the trend line (the thick dark line.) 8) If it breakdown that trend line (the thick dark line,) say GOODBYE US. DOLLAR. 9) If it bounce back up, it may start a new uptrend. 10) We need to answer a question: DURING THE DEFLATION ERA, WOULD US. DOLLAR APPRECIATE IN VALUE?
INDEX:DXYLong
by engsalahgh
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(Dollar Index) seems bullish now for future weeks!!!I see US dollar index (DXY) bullish for next weeks. When we finish correction period, my expectation is that US dollar will regain its power against other currencies during next months.(April,May,June) Technical Analysis details: -I see divergence in squeeze indicator for trend reversal.(on weekly chart) -Wave trend analysis shows that we are at the bottom on the weekly chart. -Stoch seems healthy for future. Also i observed a similar action on the past data of DXY which happened in 2010-2011 therefore it could be a good example for future movement. I hope you like my analysis, have a nice day. Berk
TVC:DXYLong
by Mr_Berk