Bullish week for the US$

The US$ has closed above 100 and printed a bullish engulfing weekly candle whilst the opposite has evolved on the EURX. USDX weekly: this weekly pattern is still evolving and the b …
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DXY & EURX each poised near their 100 level

The US$ index remains poised just below and the EUR$ index just above their key 100 level with these respective S/R levels remaining as the ones to watch for clues about the next …
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US$ weaker after FOMC

The US$ weakened after the FOMC rate hike due to less hawkish than expected commentary from the the Fed Chair Janet Yellen. The US$ index has fallen below the support of the Ichimo …
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US$ fails at 102

The US$ has failed to hold back above 102 resistance and the break from the recent daily triangle ended up being a break to the downside! Added to this is that the EURX is back up …
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US$: couldn’t hold 102

The US$ has failed to hold the week out above 102 resistance despite Fed Chair Yellen’s comments about an imminent US rate hike. This fail at 102 has kept the potential H&S v …
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DXY: maybe a Wedge not Bull Flag?

I have previously looked at the US$ index as forming up within a Bull Flag but recent price action suggests another possibility here now. Read on! DXY monthly: I’ve previously lo …
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US$: still trapped heading into a big data week

The US$ index remains trapped between key S/R levels as it heads into a week with lots of US$-sensitive data. USDX daily: the bearish H&S is still in play here so watch the Sh …
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US$: 100 & 102 still in focus

The US$ and EUR$ indices have both closed with indecision-style weekly candles so, if you’re struggling to pick a decent trend at the moment, then that probably helps to explain …
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US$: bullish recovery or dead cat bounce?

The US$ index has reclaimed the psychological 100 level for the week but it still has some technical resistance just above current price as it enters a week with plenty of US eco …
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US$: weekly close

The US$ index has made its first weekly close below the key 100 level since November last year and this is a bearish signal. The weaker than expected wages component of NFP seems t …
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