Dollar Index @100 again?Dollar Index is facing a crucial Support near 104.60 - 104.70 levels. Breaking below this support on closing basis could open its part towards next support levels near 102.50 - 100 - 99.20. Immediate important resistance for Dollar Index is near 107 levels.Shortby Saurabh_Pahade2
Sell DXYSell DXY around 107.10-107.30 SL 107.60 target 104.90. It will be a short term dip in DXY before it gains strength for next upmove. Shortby TukkaNomist0
DXThrough this analysis, it was found that the dollar has a great selling momentum and will continue to decline in priceby Said4998
DollarThe small rising channel we see as wave z has to break down with close below 92.870 to confirm that the dollar uptrend has ended, then we can say that the last push higher is certainly completed, and may be bear market in dollar has resumed. macd in daily down tick macd in hourly rsi in daily is down tick stochastic in daily negative crossover dmi adx in converging mood Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing Shortby RK_Chaarts118
U.S. Dollar Correction Not Over YetHere's the U.S. Dollar Index 4hr chart. It's all over a downtrend, and it's moving between the resistance and the support lines. It will fall to reach 90.10 by crossing 90.20 - 90.13 . After that, if the trend crosse 90.10 , then it will hit 87.50 . But if the trend takes reversal by breaking the resistance, then it will reach the following levels 90.79 - 91.39 .Shortby forextidingsUpdated 4
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. Longby Raja_Chart_Advise0
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 Longby Raja_Chart_Advise0
Dollar Index & Rupee - Explosive Move from 88 lows- What Next?Good Morning All! Wishing you happy trading week ahead Important Support Zone - 88.00 to 88.25 Have discussed about following instruments Dollar Index India Rupee Last Idea AUDUSD in the rupee idea When I wrote or published my first piece on dollar index in year 2016 - I was pretty sure we are going to have or see a stronger dollar in days & years to come ahead. We adjusted our count & moved wave 4 bottom at 88.25 lows assuming to be a larger flat in shape suggesting us that we have stronger dollar to come next as compared to wave 4 triangle earlier. Explosive move from 88.25 lows turned everything in favour of dollar bulls & gave the first clue of a stronger dollar which is yet not finished. Going ahead – It could travel to 105 & more possibly 110 levels next on upside Note- Holding 88.25 as most important low it can move upside & breach of recent low -88.25 could violate all counts & views suggested ahead. Short Term Strategy Push from 88 lows to 97 Highs recently is impulsive in nature where 93.00-93.50 could be next support zone for a higher push upside. Long Term Strategy Equality Target of Wave 3 distance which comes to 110 could be plausible target on upside & minimum distance of 103-105 zone would be next step ahead. Do not take this as suggestion to buy /sell & consult your financial advisor for creating any position/positions in the market. Dollar Rupee Updates - Getting Most Important Clue from Inverse AUDUSD India Rupee as suggested last in the comments to a colleague -not to jump at 72.50's -wait for correction in dollar rupee to 68.50-69.50 - happy to see that -Dollar Rupee had a fall from 73 Highs to 71.80 Next Support Comes at 70.50-70.75 zone -Going below 70.50 we shall look for 69.50-69.75 zone Educationby WaveTalks9912