USDX trade ideas
Near supportDXY is near the end of current down fall. 88.70-88.40 is the zone where a short term bottom may form. From there spike towards 93.93.50 is possible.
Higher TImeframe view of DXY(dollar indexDollar looks movementum nagative, if it Break this middle area then The probability of DXY to going down can be increases.
DXY to hold weekly support trendline, near 90.26There is weekly support line which should be respected in first attempt, expecting DXY to bounce till 92.8 zone from 90.25-90.3 zone.
BUY near 90.26 for target of 92.8 and beyond.
This should be bearish for Equities, commodities, cryptos....
Are we on the verge of a US Market drop?Hello.
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
TVC:DXY
is currently in a confirmed downtrend.
Historically, there is a strong positive correlation between the US Dollar Index and the US Treasury Notes.
if DXY drops, ZN1! drops... if DXY rises, ZN1! rises... relatively speaking and all things being equal.
If anyone is currently keeping a major long position related to the US Bond market,
then this correlation is worth considering.
More details about this post, as well as a video analysis, later today, on our site .
Wishing you a great week,
François Normandeau
Institutional Research Director at ADX-BRIEFING
Relationship between US Dollar Index and Brent Crude PriceRelationship between US Dollar Index and Brent Crude Price as it is a Commodity. Also, go through this reference: researchrepository.wvu.edu
Relationship between US Dollar Index and Gold Gold is an asset. As such, it has intrinsic value. However, that value can fluctuate over time, sometimes in a volatile fashion. As a rule, when the value of the dollar increases relative to other currencies around the world, the price of gold tends to fall in U.S. dollar terms. It is because gold becomes more expensive in other currencies. As the price of any commodity moves higher, there tend to be fewer buyers, in other words, demand recedes. Conversely, as the value of the U.S. dollar moves lower, gold tends to appreciate as it becomes cheaper in other currencies. Demand tends to increase at lower prices
us dollar indexon the support .may see an upside to the top level as a result we may some correction in the indian stock market ie nifty 50 ,sensex
to the level of 12000...!
The U.S. Dollar Index is still weak last week.The U.S. Dollar Index was still weak last week, falling below the 92 integer, and trend is still downward in the future.
DXY - Important level of supportPrice after the big indecision candle bears took the control and the price keeps on falling from the top. It was expected to take control from the trend line instead it breaks the trend line and retest to fall further.
Price is on the support level and in the lower time frame price is forming Falling wedge pattern at the important support level and it is expected to break up. Overall market condition is looking bad for the Bulls.
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Pay attention DXY showing RSI Divergence on a weekly and daily chart
Channel support and holding a key level from earlier breakout
Pay attentionDXY showing RSI Divergence on a weekly chart Channel support and holding a key level from earlier breakout
DXY at a Crucial Point A Monthly close and also the quarterly yearly and even a decade candle coming to end Soon.
Any closeing below 91.60 All the above periods could lead to a huge dent on the dollar index.
The downside targets could be huge.
DXY - At a Crucial Point.[
A Monthly, Quarterly, Yearly and Decades candle formation in sight.
Break and Close Below 91.70 will lead to a big dent.
Dollar Index breaking a very big monthly supportIf dollar index closes below 90 this month , we are in for a big upmove in Nifty and BankNifty
Dollar IndexThe longer the dollar index takes to break down lower, weekly volatility as measured by the Bollinger bands continues to contract, lowering the odds of an immediate decline. The 1st alternatives for a small bump up as discussed yesterday, however, the 2nd alternate is that a larger wave C bounce, back to the top end of the range near 95 can also take place. The weekly momentum remains in buy mode adding weight to the potential for further consolidation in wave 2 longer-term before wave 3 down can start.
DXYweekly supportDollar index on weekly TL support if sustains above this TL it can drag the market.
Short for EURUSD type pairs and long for USDCHF type pairs??Hey folks!!
Hope y'all having a good trading week so far!!
Here we have DXY reversing from a major daily support zone. Its a red flag for USD as quote pairs and green flag for USD as base pairs.
Will the Reversal succeed and bring the channel running in EURUSD as well as USDCHF?
I stay bullish on DXY for the next few hours at least.
DXY has broke the upperside trend line and .50Fibonaaci aheadDXY has managed to broke the trend line yesterday with strong bullish candle and reached 93.50 level and currently DXY is in consolidation phase.93.67 and the .50 Fibonacci will act as decent resistance for the bull. If this levels are broken then we may expect DXY will reach 94.75 level
Follow up with Emerging Markets and Dollar correlation Here's the Dollar breaking and retesting the trendline. This would be an interesting weekend
