On my last week’s post on 6 Monthly Review of USDX, we were anticipating that – There will be a consolidation. ie: USDX is likely to drop to near the monthly breakout level. – Top of the breakout channel is likely the support of the current bullish
Read more →As we go into the sixth month of the trading year, here is a quick review of USDX price action and its possible future moves. As with previous posts, the Dollar Index is on a bullish up trend, moving within an equidistant (ED) channel (blue). The bullish trend
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 Weekly chart of USDX shows that it is on an uptrend since late Oct 2009 and may be facing resistance in the near term. The daily chart shows that the uptrend is strong as the bulls are willing to push it up high and fast. This
Read more →The daily chart for the dollar index shows that it has been moving within an equidistant channel. Yesterday’s move was near to the top of the channel, which is a possible resistance level. On the 4 hourly chart, there are 2 possible forecasts: The Bullish and Bearish
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 →
