kast night we had a daily closer above 90.50 further upside move should take place from here - pullback is very reasonable to expect
There is nothing more important to a trader than a good prediction of the dollar's performance. At this stage and since mid-November last year, the dollar index has been going sideways. It landed on our calculated support but failed to find either a good rebound or a break through to dip lower. At this point it's important to understand what the dollar index is.:...
The Buck was already losing altitude before the return of US markets from their long MLK junior holiday weekend, but the pull-back has continued through 90.500 in DXY terms to 90.401 vs 90.768 at one stage and from within a whisker of 91.000 yesterday, assessing US Treasury Secretary nominee Yellen’s confirmation Q&A where she is expounding the virtues of a...
This is a way to track the move or trend of any instrument. Works very well when tracking BTC, Stocks, Dollar Index, ETH, Forex, as tested and also any other instruments such as futures. A modified RSI, VFI and WMA are used to confirm each move with technical indicators.
In our weekly analysis we explained that our key level for DXY is 91.010 because this is the last LH on daily chart. In correlation with other analysis we expect to reject this level and continue lower, but if we brake this level it means that the bulls are in the market again and we can expect retracement to 90.500 or even 90.000 and then straight forward to the upside.
The Dollar remains on track to record net and widespread gains, but it’s been far from one-way traffic or straight forward as the DXY has whip-sawed within a 90.762-89.922 range through mostly disappointing US data, mainly dovish Fed rhetoric and President-elect Biden’s fiscal stimulus plan that was pretty much as expected. Meanwhile, broad risk sentiment has...
Our updated small chart with possible scenarios, according to my analysis.
Our updated Dollar chart. Close to major resistance again. Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short: no inflation, dollar is doomed...what happens to gold then? it goes UP high inflation, dollar goes down and therefore people tend to hold money in the form of gold (and btc). Therefore, in...
It’s too early to call time on the Greenback revival, but Tuesday is shaping up to be one of those testing, if not make or break sessions as buyers continue to draw encouragement from rising yields and sellers seem more inclined to trade along risk appetite and aversion lines. To recap, the Dollar extended recovery gains broadly yesterday to the point where the...
Signposts detailed key signals on chart. DXY continues to trend higher along with a recent surge in 10-year Treasury yields. 90.715 is another key level that DXY is threatening to breach above. We saw a recent test of the 90.715 level, which we was not followed by a strong reversal. [ Note that ideas published represent my viewpoints on structural...
The Dollar remains in recovery mode, with the DXY temporarily rebounding from sub-89.500 lows, albeit in somewhat quieter and more measured fashion compared to Wednesday’s frantic price action awaiting confirmation of the Georgia run-off results and certification of Electoral College votes that was derailed by the siege on Capitol Hill before resuming to seal...
Good morning traders, today we bring you our analysis on the DXY index, along with an analysis of the potential behavior based on the short and long term zones. 🔸For most of 2020, the price was in a downtrend after bouncing off the Resistance Zone. 🔸The movement was so strong that it managed to penetrate the Bullish Channel that had been active for almost 10...
Prior chart: The Dollar and index by default, if not quite design, have maintained recovery momentum, as the latter holds above 90.500 and Monday’s new y-t-d/multi-year low (90.419), albeit still unable to reach 91.000 and fading just below yesterday’s high, at 90.824 vs 90.907. Markets are somewhat caught and indecisive on the upbeat vaccine developments...
Hello, Traders! DXY, The Dollar Index keeps falling It takes looking at the 1D timeframe to see the next support level 89-88 Till then, we might see some pullbacks, but the first real support is there So looking at the chart, it seems like the dollar will keep falling Before it reaches this support, and only then will reverse and go UP Buy from support...
The dollar is softer and continued its downside with month end approaching. Citi quant's month-end rebalancing model points to dollar selling on Monday, with the signal to sell exceeding 1.5 standard deviations in all crosses except JPY, the bank said. The latest Fed minutes had no impact on the greenback, although some kind of action seems likely in December;...
No directional bias at this point, but how it plays around this level may hint at momentum plays on the major pairs for the weak ahead. Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy....
Hello, Traders! DXY went Up from the same support Just as I predicted before And now retested this support again Respected it And is now on its way UP Will most likely go up further To retest resistance Buy! Like, comment and subscribe to boost your trading! See other ideas below too!