Dollar Index Technical Analysis – 17th May – Forex-FX-4X.com USDX Update Our recent analysis has focused on the USDX 84.10 area – a key dollar index technical level. Price has been testing this area over the past two days but has not yet managed a close over previous resistance. We note that the 84.22 area…
Dollar Index Technical Update – WC 6th May 2013 – USDX Analysis Our recent technical updates have referenced the USDX 81.45 previous resistance area as a key technical point of interest for the US dollar index. Price has subsequently found support at this area and seen a move back to the 61.8% Fibonacci retracement of…
Dollar Index Analysis – Outlook For 1st March 2013 The US Dollar index has seen a move back to the recent range resistance highs today (28th Feb), as the USDX pared initial losses, and has rallied to the 82.00 area – a key Fibonacci level. The 61.8% Fibonacci retrace of 84.10 – 78.60 marks the…
Dollar Index Analysis – Week Of 25th February 2013 – Technical Update The dollar index has hit its strongest level in five months, trading around previous resistance in the USDX 81.50 area, following the Fed policy meeting minutes on Wednesday. Divergent views on QE by the Fed policy makers has seen the US dollar gain across the board. There has been speculation…
Dollar Index Technical Analysis – 19th February 2013 The USDX - US Dollar Index - measures the value of the USD (United States dollar) versus a basket of foreign currencies. The break under USDX 79.00 area support on the 1/2/13 culminated in a pinbar rejection/false breakout scenario and has seen the dollar index climb to previous resistance in the 80.60 –…
Dollar Index Weekly Analysis – WC 4th Feb 2013 The USDX (US dollar index) broke under 79.00 area prior support on Friday but ultimately managed to pare back the majority of the intra-day losses and close the week around 79.19, after hitting the lowest level since mid September. The dollar index bearish price action last…
Dollar Index Weekly Analysis – WC 17th Dec The USD could potentially remain under pressure heading into next week. This comes as as the dollar index bulls have given back recent gains - unable to exceed the prior week’s high - and the USDX dropped below the 79.58 level during late trading on Friday (see fig-1 below). This…
Dollar Index Analysis – Bullish Outside Week In Focus - 10th Dec When referencing the dollar index weekly time frame chart below (Fig 1) we see the USDX has formed a so called “bullish outside week“. These patterns form when a candle closes higher than the open, having completely engulfed the previous candle. Price had moved…
Forex FX 4X – US Dollar Index Analysis – WC December 3rd (Dollar Index Weekly Update, Forex-FX-4X.com, Week Of 3rd December) The USDX found support just above the 80.00 handle (with its 50% corrective retrace confluence) over the past week, with a move down to 80.03 on Tuesday and Thursday respectively. Converging 100 and 200…
Forex FX: Dollar Index Analysis – USDX – WC 26th November (Forex-FX-4X.com, US Dollar Technical Outlook, WC 26th Nov) Our dollar analysis update last week noted that the price of the USDX was trading just under a key near term technical level, comprised of the following elements: previous price structure support lows from June…
Forex FX: Dollar Index Technical Update WC 19th November (Forex-FX-4X.com, 18th November 2012) The USDX ended the week up 0.2% at 81.19 and trading just under a key near term technical level. This is comprised of the following elements: previous price structure support lows from June (see far left of figure 1 chart), the 50%…
US Dollar Index – Technical Analysis Update WC 12th November Market Sentiment Overview – The US dollar index has seen steady gains this week after experiencing a drop back to the 80.30 previous resistance area, which then acted as support during the aftermath of the victory by incumbent President Obama. The dollar gained versus its major…
US Dollar Index Update 2/11/12 – Dollar Stronger Following NFP – US Jobs Data Sentiment overview – the US Dollar index is now trading above recent range resistance and is finishing the week strongly following a higher than anticipated NFP (Non Farm Payrolls) headline figure. A higher than anticipated increase in Non-farm Payrolls, and associated…
Dollar Index Technical Update – Week of 22nd 26th October The US dollar index (USDX) printed a key reversal day on Thursday after closing out Wednesday under range support. Market sentiment took a turn for the worse with the 25th anniversary of Black Monday approaching (this anniversary came on Friday) and subsequent below par earning’s data from…
Dollar Index Analysis – 17th October The US Dollar index is down 0.40% today (Tuesday 16th October) and has broken below the bearish flag pattern lower trend line after failing to hold the recent range lows. The dollar index shows the United States dollar value relative to a foreign currency basket of EUR, JPY, GBP, CAD, SEK and CHF….
Dollar Analysis – USDX Technical Update - Week Of 15th October The USDX has closed marginally higher on the weekly basis after last weeks lower close. Price is consolidating between 78.30 area price structure support and the 80.00 handle. A bear flag pattern can be seen on the daily timeframe dollar index chart below. A sustained…
Dollar Index Analysis Update – WC 8th October The USDX has broken below the ascending channel as shown in figure 1. The 78.60 14/9/2012 low is now in focus for dollar index bears. The area between 78.00 and 78.60 is a longer timeframe support zone and any USDX downside would need to break this previously…
Dollar Index Analysis – USDX Finds Support At Trend Line Pivot The following weekly timeframe dollar index chart shows price has found support at an area where a horizontal and sloping trend line converge. Price formed an inside candle in this area followed by an upside breakout. The broken trend line has acted as a…
Dollar Index Update – September 19th 2012 The USDX has found temporary support at the 50% retrace of the last swing higher as can be seen on the attached dollar index weekly period chart. The 78.50 area has the following confluence elements: previous price action structure support level, 50% retrace and 100 period moving average…
Dollar Index Technical Analysis – Week Of September 3rd The US dollar index is now trading at a confluence of trend line and price structure support after the latest leg down for the greenback versus its currency major counterparts. The index has dropped 0.47% over the past week. USDX closed the New York trading session…
