Dollar index H4 ready to sell don't missed Trade setup
The broader Dollar and index trimmed earlier gains as news flow remained light but as the broader sentiment improved. A pullback in yields further put more pressure on the Buck with some seeing a bullish Treasury quant piece as one of the catalysts at the time. Elsewhere, the data and speaker slate remained spared as eyes turn to the US May CPI on Thursday which...
We will talk a bit about an index that has existed for a long time, yet many traders do not know or use it. With this, we do not mean that it is 100% necessary, but it is good to consider certain situations. This post aims to give a theoretical development and then the technical vision of the graph in different temporalities. 🔸First of all, let's talk a little...
The Dollar is mixed vs major counterparts, but maintaining recovery momentum after extending gains in wake of yesterday’s largely supportive US releases, and now looking at NFP as further validation or another fall from grace as the headline number disappoints again. The index made a firm break above 90.000 on Wednesday and is now losing strength. 89.00 is the...
90.000 could well be unsustainable for the index short-term, but the Greenback has retested some psychological levels vs the Yen and Gold for example, around 109.00 and Usd 1900/oz respectively, as it attempts to stabilise again from todays session. The latest recovery began with a bounce from 89.584 vs yesterday’s 89.533 base and continued after an early dovish...
The Dollar is slightly mixed against G10 currencies, but lagging vs precious and base metals, like Gold, after the latter partly due to strengthened forecasts of strike action at BHP’s Spence and Escondida mines in Chile after the rejection of a contract offer. Conversely, spot bullion has taken advantage of softer US Treasury yields and a flatter curve that are...
The dollar index has been declining over the past few weeks and last week price went lower. This symbolized the bears have control. The question is, can they keep control? If price retraces before continuing down, price could retrace back to $91.17. If it does, and proves it can stay below, price could potentially continue to decline back to the low causing the...
USD INDEX TO $95 ? Type : Long Price : 90.40 - 90.50 SL : 90.35 TP : $94 - $95
Just listening to the candles on this one, price is struggling to make new highs, now several daily candles are confirming weakness, this is still insane QE, the wheels should fall off at some point.. see the setup take the setup. it's how this game works, If you reflect to my OIL/WTI short last week 2 x trades posted here: 1st attempt - Loss -1% 2nd attempt -...
Only one day left for the Dollar to avoid any residual month end selling, and so far its holding above support as it continues to counter bearish rebalancing signals and the ongoing dovish overtones imparted by the Fed with some assistance from a back-up in yields and curve re-steepening. However, the Buck is also benefiting at the expense of others and a...
The Dollar index briefly climbed above the 91.000 level that was proving elusive after a narrow miss at 90.989 on Monday, but whether it can sustain gains above and the close higher remains to be seen given chart resistance in the form of the DMA and 21 WMA at 91.025 and 91.070 respectively vs a 91.072 peak thus far. Overall downside projections are relatively...
The Dollar index has extended declines across the board as US Treasury yields maintaining a mild bull-flattening bias from prior outlooks, but also on increasingly bearish technical momentum as several Buck/major pairings breach key and psychological levels and the DXY itself breaches 91.500 to probe support around 91.300 within a 91.748-125 band. However, the...
A somewhat choppy start to the week for the more extensive Dollar and Index, in a relatively contained range with upside conviction as the European entrance saw new sessions highs with the intraday band currently at 92.331-172, ahead of its 18 DMA at 92.389. The weekend saw remarks from Fed Chair Powell, who stuck to his guns with emphasis on the labour market,...
Prior chart: Nothing new from Fed chair Powell to augment FOMC minutes or fresh catalyst for a rebound in US Treasury yields amidst relatively mild re-steepening, but enough it seems for the Dollar to regain some composure as the week draws to a close. Indeed, the index has rebounded from Thursday’s 91.995 low to probe above 92.300, with the ripples reaching...
The Dollar index is very complicated to understand and predict when you analyses the individual factors that play into the various parts and therefore the index as a whole. The consensus if for the Dollar to weaken and there's great arguments to support this widely held theory. 58% of the Dollar index consists of the Euro. It's therefore important to try to...
Prior chart: It remains to be seen whether the final throes of March, Q1 and FY 2020/21 give bulls more incentive to try and breach barriers that have held firm earlier, bears continue to reassert control and the Buck ends its winning streak. DXY slipped to a marginal new session low just under 93.000 in wake of US pending home sales plummeting around 4 times...
Prior chart: The Dollar’s almost relentless rally on the crest of rising US Treasury yields and curve steepening among other bullish factors stalled at the end of March when it failed to breach a few psychological barriers that remain beyond reach as the new month, quarter and financial year kicks off. It also reached a turning point on the Fibonacci D...