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
Read more →Yesterday, we saw big moves for all Majors Currencies. Looking at yesterday’s post on USDCHF throwback in day chart; hourly chart expansion gains, there seems to be a correlation of the Dollar Index, commonly known as USDX, with all cross-pairs of the USD. Let’s have a look
Read more →The Swissy did a throwback on the day chart. From the hourly chart, it is clearly expanding after base building. Are dollar gains here to stay? DX chart from Ino.com. The USDJPY is making similar move. Throwback move is also mirrored in USDJPY while a wedge formation
Read more →The US Dollar has risen broadly against major currencies. This is especially true for the Euro and the Swiss Franc. A measure of its success can be seen in the US Dollar Index (DX) which looks at the value of the US Dollar against a basket of
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