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USD Index Thread.....

  • #1
  • First Post: Nov 20, 2009 6:53pm Nov 20, 2009 6:53pm
did not see any threads or talk on the USD, so here we go.

Looking at the daily USd Index chart there are signs emerging that the current trend down is running out of puff.

support has been found on a previous high in the form of a double bottom. The trend angle it was runing on has changed with that older sharper angle becoming support for the new.

The current double bottom forming is actually turning the price to the beginning of a range. This has happened twice before in the mid section of the trend. From the rounding of the current price action this has a different feel about it.

The current trend now is no longer a normal trend, it's now classified as a creeping trend these can be a set up for a change in trend.

IMO for this to be valid 74 - 74.5 has to hold as support or look out 72-71

with a hold of support we could see a range develop. I personally favor a rally to 78 -79 as the risk appetite markets are also looking very fragile at the moment, with the exception of GOLD (not really a risk appetite).

time will tell
Attached Image (click to enlarge)
Click to Enlarge Name: USD Index NOV.jpg Size: 70 KB
  • #2
  • Nov 20, 2009 7:48pm Nov 20, 2009 7:48pm
Where can we get a good US Index chart?

Thanks.
  • #3
  • Nov 20, 2009 8:00pm Nov 20, 2009 8:00pm
Quoting AmeriTrini
Where can we get a good US Index chart?

Thanks.
Here you go mate,

http://www.netdania.com/Products/liv...anceChart.aspx
  • #4
  • Nov 20, 2009 8:39pm Nov 20, 2009 8:39pm
Quoting >Apocalypto<
Here you go mate,

http://www.netdania.com/Products/liv...anceChart.aspx
Thanks, will check it out.
  • #5
  • Nov 20, 2009 9:25pm Nov 20, 2009 9:25pm
Quoting >Apocalypto<
Here you go mate,

http://www.netdania.com/Products/liv...anceChart.aspx

wow, those charts are excellent!!!! thank you very much............I look forward to analysing the US INX with you.


  • #6
  • Nov 20, 2009 9:35pm Nov 20, 2009 9:35pm
Quoting AmeriTrini
wow, those charts are excellent!!!! thank you very much............I look forward to analysing the US INX with you.


your welcome.... I use them a lot. if you wants a four screen station on the left hand side click on chart station link.

cheers,
  • #7
  • Nov 22, 2009 1:43am Nov 22, 2009 1:43am
Bullish divergence building from Q3 2009. Expect dollar strenght once it kicks in.
Attached Image (click to enlarge)
Click to Enlarge Name: usdx.jpg Size: 93 KB
  • #8
  • Nov 22, 2009 1:56am Nov 22, 2009 1:56am
wow thankyou very much for this tread as i'm a fun of the dollar, not that i'm a patriot or anything like that, I just trade the dollar with the yurrow and i bump into this tread, thanks again and I will follow you guys in the future, I think is time for a dollar run, my 2 cents, then it will eventualy crash but mean while ......
The Chonchy
  • #9
  • Nov 22, 2009 6:33pm Nov 22, 2009 6:33pm
Quoting >Apocalypto<
your welcome.... I use them a lot. if you wants a four screen station on the left hand side click on chart station link.

cheers,

The feed is delayed though!!!, on the USD index........awww man!!!
  • #10
  • Nov 23, 2009 3:23am Nov 23, 2009 3:23am
Horizontal resistance at 75.87-90 holding.
  • #11
  • Nov 23, 2009 3:25am Nov 23, 2009 3:25am
Quoting AmeriTrini
The feed is delayed though!!!, on the USD index........awww man!!!
Download Windsor Direct 4 MT4. That's what im currently using for Dollar Index charting.
  • #12
  • Nov 23, 2009 6:29am Nov 23, 2009 6:29am
Quoting AmeriTrini
The feed is delayed though!!!, on the USD index........awww man!!!
I only look at the daily, weekly and monthly so no effect for me...
  • #13
  • Nov 23, 2009 6:53am Nov 23, 2009 6:53am
Nice to see the thread going guys....

I will be in tomorrow with a chart of the new USD picture after today's NY close.

My idea is IMO still in play but under pressure. AUD held it's trend support to the USD and Gold is climbing with out issue.

Good Trading all.
  • #14
  • Nov 23, 2009 7:07am Nov 23, 2009 7:07am
"Nice to see the thread going guys...."

Apocalypto,
Thank you for starting this thread. Couldn't have timed it better as far as I'm concerned.

I certainly will drop by often.

Thanks
  • #15
  • Nov 23, 2009 7:13pm Nov 23, 2009 7:13pm
After last night’s Risk appetite rally the USD Index has stood up to it. Without testing the range support or making a new range low on the 1 hour chart. Still making higher lows off the range bottom.

This is not 100% on anything as of yet but the signs are there that USD accumulation is occurring. There is a fair amount of news coming out this week and it should provide a interesting test to the USD buyers resolve.......... Watch the FOMC!

1 Hour Range; support 74.79 resistance 75.77


Cheers,

*** You're welcome Katz, feel free to add your opinions***
Attached Image (click to enlarge)
Click to Enlarge Name: 1 hour USD INDEX.jpg Size: 112 KB
  • #16
  • Nov 25, 2009 3:12am Nov 25, 2009 3:12am
Quoting belekas
Download Windsor Direct 4 MT4. That's what im currently using for Dollar Index charting.
checking into it, thanks.
  • #17
  • Nov 25, 2009 3:27am Nov 25, 2009 3:27am
I downloaded a demo account and still don't have access to a live dollar index feed. Is there anywhere I can find one? Thanks for the help!
  • #18
  • Nov 25, 2009 5:34am Nov 25, 2009 5:34am
Quoting Scrmnegl
I downloaded a demo account and still don't have access to a live dollar index feed. Is there anywhere I can find one? Thanks for the help!
I use Netdania Finance chart. there's a delay on time frames under daily another poster mentioned..

Link below

http://www.netdania.com/Products/liv...anceChart.aspx
  • #19
  • Nov 25, 2009 5:40am Nov 25, 2009 5:40am
well the picture has sure changed since the FOMC

the usd has gone through the support line I saw on the 1 hour.

as you can see on the chart a descending triangle has been confirmed to the down side. if the price treats the support as resistance then I am looking at the usd to drop further. 7470 -7304 first targets off the daily chart.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: USD Index NOV.jpg Size: 74 KB
  • #20
  • Nov 25, 2009 6:21am Nov 25, 2009 6:21am
Quoting >Apocalypto<
well the picture has sure changed since the FOMC

the usd has gone through the support line I saw on the 1 hour.

as you can see on the chart a descending triangle has been confirmed to the down side. if the price treats the support as resistance then I am looking at the usd to drop further. 7470 -7304 first targets off the daily chart.

cheers
Testing 74.48 that was support at 2007 (yearly low). Let's see now.
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