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US Dollar Index

  • #1
  • First Post: Edited 6:03pm Mar 12, 2015 5:52pm | Edited 6:03pm
Hello guys,

I'm surprised to see no thread about the US Dollar Index. I find it useful to confirm trades.

We have now a very clear uptrend, very good structure.

We are set to have another upwave.
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  • #2
  • Mar 12, 2015 10:13pm Mar 12, 2015 10:13pm
Yeah US dollar Index at 100. What the fug does that mean?
  • #3
  • Mar 12, 2015 11:28pm Mar 12, 2015 11:28pm
Means it's going higher. 120.
Play the players, not the cards.
  • #4
  • Mar 13, 2015 1:19am Mar 13, 2015 1:19am
Quoting MaximeCau
Hello guys, I'm surprised to see no thread about the US Dollar Index. I find it useful to confirm trades. We have now a very clear uptrend, very good structure. We are set to have another upwave. {image}
The more time I spend here, the more I realize people here don't want to have real discussions but just want to feel good. No wonder most retailers lose.

That said, yes I 100% agree with you that watching the dollar is useful to confirm trades. I think it'll retest 100 before FOMC next week.
  • #5
  • Mar 13, 2015 1:25am Mar 13, 2015 1:25am
It was at 164 in the 80's. I hope it goes there then I will buy realestate in another country for cheap as fug.:-)
  • #6
  • Mar 14, 2015 3:25pm Mar 14, 2015 3:25pm
In my opinion if the FED at the next meeting disappoint in not giving any new hints of a rate hike we'll see the DXY fall however if the FED begin to make hints of a rate hike we're gonna see the DXY go even higher. The DXY will collapse however once the economy starts being hit by normalized rates since this is just all an artificial bubble to begin with anyway.

DXY rising = Better opportunity to buy Silver
  • #7
  • Mar 17, 2015 12:57pm Mar 17, 2015 12:57pm
That's this? I don't see any move on other pairs in this bar
Attached Image
  • #8
  • Mar 18, 2015 2:11am Mar 18, 2015 2:11am
Quoting Valadorn
That's this? I don't see any move on other pairs in this bar {image}
Can you tell the timeframe you use and the hour of this candle ?

I don't see it, I think it's a "fake" candle from your broker...

Who is your broker ?
  • #9
  • Mar 18, 2015 2:26am Mar 18, 2015 2:26am
Quoting MaximeCau
{quote} Can you tell the timeframe you use and the hour of this candle ? I don't see it, I think it's a "fake" candle from your broker... Who is your broker ?
My broker is Ava Trade
Timeframe - 15m. It is 17 Mar 17:00
  • #10
  • Mar 18, 2015 2:43am Mar 18, 2015 2:43am
Quoting Valadorn
{quote} My broker is Ava Trade Timeframe - 15m. It is 17 Mar 17:00
Here is FXCM quotes, 15 minutes time frame.

I don't trade with FXCM, I just use them for volume.

Your candle doesn't exist, it's a fake move to catch stops.

You should change .
Attached Image (click to enlarge)
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  • #11
  • Mar 18, 2015 3:06am Mar 18, 2015 3:06am
Quoting MaximeCau
{quote} Here is FXCM quotes, 15 minutes time frame. I don't trade with FXCM, I just use them for volume. Your candle doesn't exist, it's a fake move to catch stops. You should change . {image}
Ok, thanks. I write to their support, wait for answer
  • #12
  • Mar 18, 2015 3:47pm Mar 18, 2015 3:47pm
The move was easier to guess here....

It will be interesting to see what will happen now
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  • #13
  • Mar 19, 2015 2:39am Mar 19, 2015 2:39am
Hi folks,

I have a question. As the Fed opened the door for a possible Interest rate hike in June, should this have not made the USD stronger? All the talk beforehand was of the Fed dropping the word 'patient', this happened, and the USD tanked.... Can somebody explain why the USD fell so sharply?

Thanks in advance,
Bullbear
Even a journey of a thousand miles starts with a single step.
  • #14
  • Mar 20, 2015 9:08am Mar 20, 2015 9:08am
We are approaching two potential climax.

Quoting BullBear80
Hi folks, I have a question. As the Fed opened the door for a possible Interest rate hike in June, should this have not made the USD stronger? All the talk beforehand was of the Fed dropping the word 'patient', this happened, and the USD tanked.... Can somebody explain why the USD fell so sharply? Thanks in advance, Bullbear
For sure, USD will be stronger and we'll break both monthly support and parity on EURUSD.

There's two things wich may push euro lower : Greece and US Interest rates.

Fed was supposed to do it on march, but didn't happen.

For the moment, the strong uptrend is declining.

We are potentially at the bottom for EURUSD. Fundamental will decide if we confirm technical analysis or if we break major supports.
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  • #15
  • Edited 1:06am Mar 23, 2015 12:56am | Edited 1:06am
Expecting a bullish move today
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  • #16
  • Mar 23, 2015 1:39am Mar 23, 2015 1:39am
Quoting MaximeCau
Expecting a bullish move today {image}

If you added to your chart 4 horizontal lines more and 2 trend lines you could see that USD is going down and down move will be accelerated by draghi speech.
The Market pays you to be disciplined
  • #17
  • Mar 23, 2015 1:47am Mar 23, 2015 1:47am
Quoting mima
{quote} If you added to your chart 4 horizontal lines more and 2 trend lines you could see that USD is going down and down move will be accelerated by draghi speech.
show your chart
  • #18
  • Mar 23, 2015 1:56am Mar 23, 2015 1:56am
it is same as yours..our interpretation is different.
The Market pays you to be disciplined
  • #19
  • Mar 23, 2015 9:14am Mar 23, 2015 9:14am
Quoting mima
... USD is going down and down move will be accelerated by draghi speech.

USD crash.
The Market pays you to be disciplined
  • #20
  • Mar 24, 2015 3:11am Mar 24, 2015 3:11am
You were right, after a small up move, go back down, I don't see any major support at the moment, we should continue lower.

We are breaking current support
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