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.DXY - U.S. Dollar Index

Discussion in 'FOREX Forums' started by bigbear0083, Mar 31, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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  2. bigbear0083

    bigbear0083 Content Manager
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    dolla holla! back to the 2016 HOY here

    this has been a pretty amazing move for the greenback since post-election

    where is that larry kudlow king dollar gif when you need it most! lol
     
  3. bigbear0083

    bigbear0083 Content Manager
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    DXY at highest since 2003!
     
  4. StockJock-e

    StockJock-e Brew Master
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    My long term chart, its been a while!

    [​IMG]
     
  5. bigbear0083

    bigbear0083 Content Manager
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    pretty insane move here ... and just to prove that this isn't just a weak euro that is contributing to this either ... it's actually a strong dollar story here with all of the major usd crosses going down against the greenback! it has been a long while since we were able to say that! lol

    [​IMG]
     
  6. Epicram

    Epicram Member

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    DXY had touch the highest point since 2003.
     
    #6 Epicram, Nov 23, 2016
    Last edited: Nov 23, 2016
  7. heyimsnuffles

    heyimsnuffles Active Member

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    I wanted to post this I have been sharing. I am a big fan of RSI Trendline breaks especially long term and how the RSI breaks before Price...Another Massive winner here. I have been trying to est this and obviously need more data points but this shows the power of one of these long term moves.

    $USDJPY

    rsi trend.png I
     
    T0rm3nted likes this.
  8. Alexader Leball

    Alexader Leball New Member

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    Its all about economics. Thats what happens. :)
     
  9. Advisor Epic

    Advisor Epic New Member

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    The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, slid 0.17% to 103.06.

    The index hit highs of 103.81 on Tuesday, the most since December 2002, after the Institute for Supply Management said its index of manufacturing activity rose to a two-year high in December.
     
  10. aaa

    aaa Member

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    Tue. #ISMmfg, construction spend data props $DXY to 103.82, 14-yr high. Data boosts investor optimism about #USeconomy
     
  11. aaa

    aaa Member

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  12. Onepoint272

    Onepoint272 Well-Known Member

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    Shortening of thrust on the last dollar push. The entire wave up from 92 just doesn't look like a sign of strength to me. Heavy volume did not come in until the top. A good retracement is probably needed before a true break higher, which should bode bullish for the commodes in the coming weeks.

    Weekly sticks as of EOD Fryday Jan 6, 2017:
    DX 01_06_17weekly.PNG
     
    #12 Onepoint272, Jan 9, 2017
    Last edited: Jan 9, 2017
    T0rm3nted likes this.
  13. heyimsnuffles

    heyimsnuffles Active Member

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    Looking for a Failed Breakout Personally. Euro hold of the multi year support and the dollar coming down. A lot of people trapped here if that happens...
     
  14. heyimsnuffles

    heyimsnuffles Active Member

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    Coming down. see ya at 97.
     
  15. aaa

    aaa Member

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    The Trump era has finally begun. As his pro-fiscal stimulus rhetoric becomes reality, one thing remains certain - the ever sliding interest rates will reverse course. 10-Year US Yields rose from 1.86% during Election Day to 2.45% in Dec 2016, and are expected to rise to at least 3% in 2017 as investors demand higher inflation risk premium for the rising inflation from increasing fiscal spend. After being subject to 8 years of a low interest rate environment, how should investors adjust their portfolios in this scenario? These pointers might help:

    1) Financials are the clear winners as rising interest rates help them increase their net interest margins (read profitability). Avoid stocks with high debt on the books, as higher interest rate would increase the debt servicing burden for these companies. Also steer clear of dividend stocks as they become less attractive to yield hunters in a rising interest rate environment

    2) Create a bond ladder that matures at regular shorter intervals, as it helps reinvesting cash at higher rates, in keeping with the rising interest rates. Also, while looking for mortgages, going for a fixed interest contract and locking in long term mortgage at current rates vs a floating rate contract is advisable

    3) Its time to go long the dollar - Even though its meteoric rise since elections has softened, the policy divergence between Fed and other central banks is bound to keep the dollar propped up in the near future

    Investors should remember that there are always strategies to gear one's portfolio and maximise returns irrespective of the interest rate dynamics…

    Read more about the dollar and interest rate dynamics here:
    http://hubs.ly/H05-5zN0
     
  16. heyimsnuffles

    heyimsnuffles Active Member

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    This guy (dollar) is in some Serious trouble....come down to papa.
     
  17. bigbear0083

    bigbear0083 Content Manager
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    Potentially Bearish Head-And-Shoulders Pattern May Be Forming In The U.S. Dollar
    Posted by lplresearch

    The U.S. Dollar Index daily price chart may be exhibiting warning signs of a potential rollover and move lower, as depicted by a bearish “head-and-shoulder” chart pattern formation.

    Technical analysts note this type of topping, or trend reversal pattern, when a price chart forms three successive peaks—two shoulders and the head, which is the highest peak in the middle. The neckline, or trend line, connects the low points of the pattern together and acts as the last area of support for the price. If the price falls below the neckline, the expectation is the pattern will execute to the downside, and the price will continue to fall. The distance between the top of the head (or highest peak) and the neckline is used to determine the approximate distance of the move lower. Simply, the same distance is subtracted below the neckline in order to estimate the bearish head-and-shoulders downward price target.

    The current pattern, which began in November 2016, has a neckline support level at 99.25. If the index price remains below this level for at least five trading days it will increase the likelihood that the pattern executes to the downside and the price moves lower over the next three to six months.

    When the U.S. Dollar Index breaks the trend line and continues lower, there may be opportunities in asset classes that are inversely correlated to the currency such as precious metals and other commodities, which tend to benefit from a weaker U.S. dollar.

    [​IMG]
     
    T0rm3nted and StockJock-e like this.
  18. Centaura

    Centaura New Member

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    The American economy has a lot of momentum, but the unhinged trade policies for President Donald Trump could trigger a U.S. dollar collapse 2017. At first blush, the dollar seems to enjoy a lot of momentum. Renewed growth prospects emanating from Trumpian policies and higher interest rate expectations have provided a constant bid, buoying the U.S. Dollar Index to 14-year highs in early January.
     
  19. Gambit

    Gambit Active Member

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    The dollar index, which tracks the greenback against a basket of six rival currencies, was down around 0.4% at 99.32 in New York morning trade, its deepest trough since March 28.
    Geopolitical concerns remained to the forefront after U.S. Secretary of State Rex Tillerson said on Wednesday that Washington was looking at ways to pressure North Korea over its nuclear program.
    North Korean state media warned the U.S. of a "super-mighty preemptive strike", saying don't "mess with us" as tensions between the two countries continued to rise.
     
  20. bigbear0083

    bigbear0083 Content Manager
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    US Dollar Coiling
    Tue, Nov 19, 2019

    The US Dollar index has moved higher since early 2018, but really for the past year now it has traded in a very tight sideways range. Below is a chart showing the rolling spread between the Dollar index's highest and lowest close over the last 12 months (rolling high/low spread) going back to 1972. As shown, the current 12-month high/low spread is only the fifth time it has dropped down to 5% or lower over the last 45+ years. While the spread could certainly go lower, in the past it has usually not stayed at this low of a level for long. We'd expect the Dollar to break out of its sideways range in one direction or the other sometime soon.

    [​IMG]

    Below is a price chart of the US Dollar index over the last ten years. The only other time that the rolling 12-month high/low spread dipped below 5% over this 10-year time frame was back in July 2014, and following that tight sideways trading period, the Dollar eventually broke out to the upside in a big way.

    [​IMG]
     

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