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  1. US Dollar Technical Outlook: Daily Ranging near Bearish Reversal

    by , 04-14-2019 at 03:05 PM
    Big-picture wedge continues to develop

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    The US Dollar continues to be a difficult market for traders as low volatility puts a strangle-hold on the trading environment. Looking at the big-picture ascending wedge developing it is well within reason to expect more of the same for a little while longer as the pattern continues to fill out towards its apex.
    This doesn’t mean there won’t be room for opportunities or for a surprise move ...
  2. Dollar Preparing to Break

    by , 01-06-2019 at 12:29 PM
    Technical Forecast for US Dollar: Bearish

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    We have started the new trading year in earnest, but the Dollar continues to hold to the range it maintained through the final two months of 2018. That is unlikely to be the case for much longer however. The rest rate of volatility has increased across the entire financial system. We have seen volatility in US equities in particular surge both in price-based measures (like the ATR) as well as implied ...
  3. US Dollar Technical Analysis: Daily Correction

    by , 08-28-2018 at 01:59 PM
    The US Dollar is seeing its sharpest pullback after touching technical resistance mid-month at 97. The Dollar Index has pulled back by 2.4% despite hawkish talk from Fed members. The key question on the charts will be as to whether the next move higher in US Dollar will result in a lower-high that is followed by the next big breakdown.

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    As a technically-driven FX trader, the most important development for me to watch is what happens on the ...
  4. US Dollar Index (DXY) Forecast: Daily Bullish Breakout

    by , 04-26-2018 at 02:27 PM
    The US Dollar tends to be driven by relative economic growth. As the global reserve currency, when the rest of the world is strengthening, often at a faster pace than the US Economy, it is common for bonds to be issued in US Dollars and then converted to invest abroad driving the US Dollar lower. Another way to see this phenomenon in action is to look at junk bond yields. A falling yield in the US Junk Bond index tends to show a force behind US Dollar weakness whereas rising junk yields tend to ...
  5. US Dollar Index (DXY) Forecast

    by , 02-23-2018 at 02:52 AM
    Institutions are known as smart money, but they often get caught crowded into popular trades that are quick to reverse. One of those is the play of selling the US Dollar. Per Bank of America Merrill Lynch, the short US Dollar trade is the second most crowded trade second to bullish US equities and the most crowded FX trade.

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    The short-term outlook has seen focus turned to the concerns of the US fiscal expansion late into an economic cycle ...
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