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Dollarindex

Risk to dollar or the basket currencies ?DXY is on edge of the support at 96. RSI has formed positive divergence but yet not turned up. Circle marks the perfect support which should be touched by 23-26th July, if it has to work. The overall frame of the trend is still pointing 94 but positive divergence can't be ruled out. Better to be on the sideline and see which support is in motion. If it comes to 94 then the overall trend, started at 103, will get complete and we might see a bounce from there towards 96-98 zone.
INDEX:DXY
by TukkaNomist
Dollar Index: Multi month high continues to hold..On the charts, we find that the MACD is gradually heading higher as prices continue to consolidate with favorable tailwinds leading to strengthening of the greenback. Prices are now rising to challenge the strong resistance developed at 100 levels. This was the top recorded back in Mar 15 and again in Nov 15. Through the first half of the year the prices have remained largely contained but the upward thrust seen in July has now generated a new wave of bullishness. It is obvious that the Dollar bulls are quite dominant and now , are beginning to push ahead. With the currency basket sustaining higher levels it could set off moves across different asset classes in the near term. Immediate supports continue to be around 97 while the upside could test its previous highs in the next few months. A breakout or a failure to do that would both be equally important technical events at this juncture.
ICEUS:DX1!Long
by Raja_Chart_Advise
Dollar IndexPossibilities of a continued upmove emerges from the higher time frame charts. Once the key resistance zones around 97.95 was overcome the we observe that the strong breakout above the key resistance zone around 97.81 has generated some positive momentum in the currency basket. With the bullish trends getting restored we need to see how long can the momentum sustain . Considering the overall chart setup we are of the opinion that the brief pullback shall continue to witness some buying interest. Momentum setup continues be positive suggesting sustained bullishness in the coming days. With DX biding time to get a hold on the overall situation we could be witnessing some sedate movement for the next few days. With the momentum continuing to favor more upside one should be looking at higher levels around 99.81 in the next few days. A bullish dollar scenario does not spell good news for INR despite the markets showing some mixed reactions. Idea Sourced From NeoTrader trade.chartadvise.com
ICEUS:DX1!Long
by Raja_Chart_Advise