US DOLLAR CURRENCY INDEX

DXY INDEX

shreyan2771999

kkn

TukkaNomist

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...

nihitjain

Ichimoku, MACD and RSI, all point towards another downtrend. The U.S. not able to control the surge in new COVID-19 cases is also not helping the index fundamentally. Below 96 again??

rohitkaran

DXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart

priceactionexpert

ENCODED ZONES price has to stop here and bounce and decide be careful in the mentioned marked areas

yossarian121

Possible H&S

junkie

So Dollar Index has met with its old friend - a downtrendline - after a long time. We can expect an interim fall in the index from current levels of 92.7 to levels of around 91. Its a contra position to market sentiments, hence extreme caution is adviced, however the gains will be sweet! The RSI is also dropping from overbought levels to 68 levels, look poised to...

SaravananM

DOLLAR MONTHLY ANALYSIS Forms Cypher pattern such that It will move down until 83.50 Retracement region in the coming months

vikramsthakkar

Below 92 lower targets Stiff resistance@ 93.75-94.20 till not crossed trend to remain bearish Retest of supports @ 91.75-91.50-91 likely Break and close below 91 opens for further lower targets Price trading below key moving average, trend to remain bearish

Pragycool

DXY has broken channel and will help Rupee to appreciate and gold to rally.

Raja_Chart_Advise

Dollar Index has been witnessing a freefall and the fall beyond critical supports around 94.30 mentioned in the last issue lead the DX lower. Currently, the U.S. currency's performance against the euro and five other currencies, hit its lowest level since May 3, 2016. The sharp weakness not witnessed since the period of January to July 1986 is driven by...

NeoTraders

The Dollar however continues to remain under pressure as the Trump’s administration reveals the involvement of Russia in last years election campaign. The impact of such admission on the Dollar remains yet to be seen while Federal Reserve continues to maintain a hawkish stance. Central banks around the globe seem to be either removing their accommodation or...

kacharts

dollar index is on the verge of breakout , strength against all currencies has been observed which suggest we can see a significant retracement in usdinr chart (weak inr ).if we correlate things and sumup we might see a correction in nifty so trade cautiously with strict sl.

AvinashGaikwad

Its amazing experience to look at Dollar on monthly chart( its first time i looked Monthly chart on Dollar). All time high of 162 Resistance level 102, 120 Support level :100 ( great physiological No). but i think it will dive below that and hunt for stoploss. next support level will be 92

tanuj

as we can see the bearish divergence there and bearish engulfing pattern and doji in the overbought condition there this is giving a bearish outlook there

sumeetsj

Has a bearish overtone, although there is no breakdown from the triangle pattern

bbrijesh

Trading between lines

Stocktechy

Looking for top once again.