This is a Euro Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a British Pound index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a Canadian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
Here, we see DXY has broken out of the downward trend. The midrange is showing support. Currently at small resistance. I am long with targets at 93 and 94. But will it be a fakeout, similar to April 2021? I am not betting on it.
NB; These readings fluctuate from time to time. They apply to daily to weekly timeframes (Not so much on smaller timeframes). Make use of it to trade the best pair (by pairing the weaker currencies to the stronger currencies). For example, taking the current strongest currency - GBP and pairing it to the weakest currency - JPY; = GBPJPY LONG. Thank you. Trade smartly.
The bears are focused on a 2nd consecutive day to the downside and breach the all-important 200EMA for confirmed control. EUR - WEAK
Another strong day for the dollar index as the bulls push higher. We now wait patiently for the 200EMA to be tested. Is this fundamental data being priced in early? We have seen a volatile bond market recently and key economists predicting a strong dollar before the end of the year. We covered this in our last publish looking at the DXY and how we could be...
We are seeing minor strength in the AUD and continued weakness in the JPY so fundamentals are to the upside, therefore we look for technical entries in that direction. we are seeing minor consolidation now on the 1h timeframe, probably due to the AUD not being as strong as most currencies at the moment. So we will be interested in placing a trade when this...
With Biden due to sign a 1.9T stimulus package could we see major strength in the USD? and if we do which currency will see the biggest move? well the JPY has been consistently one of the weakest if not the weakest currency for a few weeks now so if we are going to see major strength in the USD id be placing my bests on USD/JPY being the biggest mover and having...
The USD Has dropped has disappointed again which prompts drops.
The US Dollar Currency Index (DXY) is trading near the bottom of a falling wedge. A breakout to the upside is probable given that: - Bottom of wedge coincides with a major price structure (horizontal support / resistance). - Bullish divergence on MACD and RSI. If a breakout does occur, expect a downturn in the stock market (DXY is inversely proportional to the SPX).
EURUSD breakout to test 2018 highs Weekly perspective, $EURUSD. Weekly candle for past week held support and rallied into the end of the week with a bullish close. Look for 2018 highs next couple weeks in 2021. Strength in the EUR and Weakness in the dollar is expected with new US administration and the possibility of passing trillions more in stimulus.
The dollar has bounced off its bottom trend line. After having such a long period of weakening, it is due to bounce back a bit. It is extremely rare for the dollar to not reverse the trend after an extended period of strength or weakness. It may not rally back much, but it will give you some gains in the short-term. Sell half when it hits the upper trend line...
EU IS SETTING UP NICELY FOR A BUY. AT THE ENTRY PRICE YOU WILL SEE PRICE TOUCHED IT THEN REJECTED DOWN TO TEST THE DAILY FLOOR. IT HAS NOW CREATED A ENGULFING CANDLE HEADED TO THE UPSIDE. THERE IS NON FARM NEWS FOR USD RELEASED TODAY AT 13:30, KEEP A TIGHT SL www.fxstreet.com CURRENCY STRENGTH IS OK RIGHT NOW FOR EU www.livecharts.co.uk
31 October 2020 ZXY is having a H&S Pattern? We anticipate it to move lower in the next coming days. Watch the resistance & support area for confirmation.
31 October 2020 As anticipated, SXY has broke the support trend line from last week movement. At the moment it's at another support area, and stoch is nearing in oversold area. Would rather wait & see if support will be broken in next week market movement?