The US Dollar index has reversed according to moving average studies. Support has also been found at the 76 to 77 region. A successful cup and handle could mark the start of further gains on the long side. Cup and handle confluence with trendline; ‘break’ two birds
Read more →Is the US currency strengthening or weakening over the last 10 years? You will not know exactly unless you take a look at the US dollar index chart. This chart is available for you to view by visiting www.freestockcharts.com Monthly Chart We can see that the US
Read more →This is an update to the dollar index article written on Oct 28 2010. From the weekly chart above, we can see the steeper upsloping trendline has been tested and was broken before price eventually closed above it. A gentler trendline was added to this weekly chart
Read more →The US Dollar Index (USDX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies. To find out more, you can click on this link. Based on the weekly chart, we can see that the price of
Read more →In my post last week on Dollar Index revealed Weakness, I was anticipating a possible downturn of the Dollar Index. Yet last week’s Price Action has invalidated the Head and Shoulder chart Pattern on the 4 Hourly chart . In fact, the chart pattern has now evolved to
Read more →A follow up on last week post on USDX: Dollar Challenging Previous Highs and Near Term Weakness Seen We mentioned that the Dollar Index may face a possible resistance, and it was shown on the Daily chart by the Bearish Engulfing Candlestick pattern. This was also confirmed in
Read more →The USDX has started with a Runaway Gap, which could signal a possible start of a Bearish move. For those who followed the Previous Post on Quarterly Review on Dollar Index, we layout 2 possible outcomes, both the Bullish and Bearish. And last week’s price action revealed that
Read more →Today, we have a quarterly review of Dollar Index(USDX) and anticipate the possible movement of USDX for this coming week. Let’s begin by doing trendline analysis. USDX has been on a up trend move since Dec 2009 and there is a shift of trendline from Point A
Read more →The Daily Chart of Dollar Index (USDX) has recently broken out of a 10 month High and is still on a bullish trend. The breakout has formed a support / resistance zone between the 10 month High and last month high. Thus, as long as Price has
Read more →The dollar index is made up of a basket of 6 currencies: Euro – 57.6% Japanese Yen – 13.6% Sterling Pound – 11.9% Canadian Dollar – 9.1% Swedish Krona – 4.2% Swiss Franc – 3.6% The current weight was fixed since 1999. Attached is a chart of
Read more →Multiple Time Frame Analysis is a very important technical study to master for FX trading. The principle to follow in Multiple Time Frame Analysis is this: the chart in the higher time frame shows the larger picture or trend. It is stronger and will have influence on
Read more →For the past 2 weeks or so, we are seeing the US Dollar Index moving in a trading range, which also defines its current support and resistance level. The COT Report released last Fri points to a slightly lower Total Open Interest and a slight unwinding of
Read more →From Last Friday’s COT Report, the Commercial Net Position has moved down to the level near Jan 2010, a net short level which is unseen for the past 5 years. In addition, the Total Open Interest remains on a high level. Together, these indicate that the current
Read more →Today, we are analyzing chart patterns in the Dollar Index (USDX) together with the COT Report in order to finds that may tell us where the dollar is going. Breakout in weekly chart In my post Reflection on FX Majors with COT Report, we already know that
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