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Category Archives: Dollar Index Weekly Analysis

The US dollar. The dollar is one of the most highly traded currencies in the world. The greenback is frequently utilised for international transactions and is often exchanged for euros, pounds and the Japanese yen as well as commodities including Oil and Gold. The dollar index is a weighted view of the dollar exchange rate versus the following basket of currencies. Euro (EUR), Japanese Yen (JPY), Pound sterling (GBP), Canadian dollar (CAD), Swedish krona (SEK) and Swiss franc (CHF). The primary focus of this category is technical analysis of the USDX but fundamental developments are also covered with a view to understanding the prevailing market sentiment.

Dollar Index Technical Update – July 23rd – DXY Analysis

Dollar Index Technical Update – July 23rd – DXY Analysis

Dollar Index Technical Update – July 23rd – DXY Analysis The US dollar had reached a three-year high versus a basket of currencies on the 10/7/13 key reversal day and was trading just under the 0.764 Fibonacci level but the subsequent price action has seen a major turn in sentiment towards the greenback. The dollar continues to push slowly under the weekly timeframe bearishContinue Reading

Dollar Index Technical Analysis – Week Of July 22nd – DXY Update

Dollar Index Technical Analysis – Week Of July 22nd – DXY Update

Dollar Index Technical Analysis – Week Of July 22nd – DXY Update The dollar continues to trade just under the weekly timeframe bearish engulfing candle, as highlighted in last weeks DXY technical update.  The US dollar had reached a three-year high versus a basket of currencies prior to the key reversal day and was trading just under the 0.764 Fibonacci level.Continue Reading

Dollar Index Technical Analysis – July 16th – DXY Update

Dollar Index Technical Analysis – July 16th – DXY Update

Dollar Index Technical Analysis – July 16th – DXY Update – Weekly Bearish Engulfing The dollar was trading higher on Monday after losing around 1.7% last week when Fed chair Bernanke suggested a highly accommodative monetary policy would be required for the foreseeable future.  Bernanke’s congressional testimony on Wednesday and Thursday is now seen as keyContinue Reading

Dollar Index Technical Analysis – WC July 8th – USDX Update

Dollar Index Technical Analysis – WC July 8th – USDX Update

Dollar Index Technical Analysis – WC July 8th – Price Breaks Above Key Resistance Our previous updates noted that the USDX 84.20 level marked the 61.8% Fibonacci retrace of the last major swing lower, and that this could become a focus if the recent upside trend continued – as would the 84.55 area prior swing high. The dollar hasContinue Reading

Dollar Index Technical Analysis – WC July 1st – USDX Update

Dollar Index Technical Analysis – WC July 1st – USDX Update

Dollar Index Technical Analysis – WC July 1st – USDX Update The dollar index has spent the later part of this past week trading around the 83.40 area price pivot zone, after finding an element of resistance at this USDX technical area of interest. When referencing the USDX weekly chart we note that price has closed near the weekly range high. The daily chartContinue Reading

Dollar Index Technical Analysis – 27th June – USDX Update

Dollar Index Technical Analysis – 27th June – USDX Update

Dollar Index Technical Analysis – 27th June – USDX Update The dollar index has seen a test of the 83.40 area price pivot zone today, and found an element of resistance at this technical area of interest. This comes as the key EURUSD pair has found interim support at the 1.3000 round number area, as per ourContinue Reading

Dollar Index Technical Analysis – 10 14 June – USDX – Forex-FX-4X.com

Dollar Index Technical Analysis – 10 14 June – USDX – Forex-FX-4X.com

Dollar Index Technical Analysis – 10 14 June – USDX – Forex-FX-4X.com Our previous update had the US dollar index trading around the 61.8% Fibonacci retrace of the last major swing higher at 82.60. We noted that “this area had acted as support for three consecutive trading sessions and any failure to hold above 82.60 on the closing basis threatened a move back towardsContinue Reading