Dollar Index Weekly Analysis

Dollar Index Weekly Analysis The US dollar. The dollar is one of the most traded currencies in the world. The greenback is often 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 look at the dollar exchange rate versus the following 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 Update – September 19th 2012 Written on September 19, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Update – September 19th 2012 The USDX has found temporary support at the 50% retrace of the last swing higher as can be seen on the attached dollar index weekly period chart. The 78.50 area has the following confluence elements: previous price action structure support level, 50% retrace and 100 period moving average… Continue Reading » 0 Comments - Leave a comment! Dollar Index Technical Analysis Week Of September 3rd Written on September 1, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Technical Analysis – Week Of September 3rd The US dollar index is now trading at a confluence of trend line and price structure support after the latest leg down for the greenback versus its currency major counterparts. The index has dropped 0.47% over the past week. USDX closed the New York trading session… Continue Reading » 0 Comments - Leave a comment! Dollar Index Technical Update WC August 6th Written on August 4, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Technical Update WC August 6th The US dollar index is once again trading at the 61.8% retrace level from the last swing higher. The USD will be testing this near term key Fibonacci support level, around 82.30, heading into the new week. Major volatility has been seen this week with the commodity currencies… Continue Reading » 0 Comments - Leave a comment! Dollar Technical Analysis- USDX 23rd July Forecast Written on July 21, 2012 by forex-fx-4x in Dollar Index Weekly Analysis US Dollar Technical Analysis Update – USDX Overview (Nick Simpson – Forex-FX-4X – 21st July 2012) Renewed Dollar Strength Seen On Friday The US dollar index gave a strong move to the upside on Friday (+0.71%) and ended the recent corrective consolidation move lower. Price moved as low as the daily 20 period SMA (simple moving… Continue Reading » 0 Comments - Leave a comment! Dollar Index Technical Update-17th July Forecast Written on July 16, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Technical Update-17th July Forecast USD bears pushed the dollar lower on Monday after an earlier rally had the dollar index trading near recent range highs. Price hit resistance around the 83.50 area previous swing high and subsequently dropped near a three-day low. The USDX has struggled to make any clear upside progress… The US dollar. The dollar is one of the most traded currencies in the world. The greenback is often 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 look at the dollar exchange rate versus the following 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 Update – September 19th 2012 Written on September 19, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Update – September 19th 2012 The USDX has found temporary support at the 50% retrace of the last swing higher as can be seen on the attached dollar index weekly period chart. The 78.50 area has the following confluence elements: previous price action structure support level, 50% retrace and 100 period moving average… Continue Reading » 0 Comments - Leave a comment! Dollar Index Technical Analysis Week Of September 3rd Written on September 1, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Technical Analysis – Week Of September 3rd The US dollar index is now trading at a confluence of trend line and price structure support after the latest leg down for the greenback versus its currency major counterparts. The index has dropped 0.47% over the past week. USDX closed the New York trading session… Continue Reading » 0 Comments - Leave a comment! Dollar Index Technical Update WC August 6th Written on August 4, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Technical Update WC August 6th The US dollar index is once again trading at the 61.8% retrace level from the last swing higher. The USD will be testing this near term key Fibonacci support level, around 82.30, heading into the new week. Major volatility has been seen this week with the commodity currencies… Continue Reading » 0 Comments - Leave a comment! Dollar Technical Analysis- USDX 23rd July Forecast Written on July 21, 2012 by forex-fx-4x in Dollar Index Weekly Analysis US Dollar Technical Analysis Update – USDX Overview (Nick Simpson – Forex-FX-4X – 21st July 2012) Renewed Dollar Strength Seen On Friday The US dollar index gave a strong move to the upside on Friday (+0.71%) and ended the recent corrective consolidation move lower. Price moved as low as the daily 20 period SMA (simple moving… Continue Reading » 0 Comments - Leave a comment! Dollar Index Technical Update-17th July Forecast Written on July 16, 2012 by forex-fx-4x in Dollar Index Weekly Analysis Dollar Index Technical Update-17th July Forecast USD bears pushed the dollar lower on Monday after an earlier rally had the dollar index trading near recent range highs. Price hit resistance around the 83.50 area previous swing high and subsequently dropped near a three-day low. The USDX has struggled to make any clear upside progress…