Forex Crunch » US dollar index

Will the Dollar Take a Break?

Yohay — Sat, 10 Sep 2011 08:21:15 +0000

The US Dollar Index had one of its strongest weeks in a long time. It jumped from under 75 to 77.2 points – the highest level in two months. Where will it go next? Here are the lines to watch out for and an analysis of the next moves. Perhaps it is time for a break before the next push higher.

The the current levels, the index isn’t far from a 7 month high, as seen on the graph.

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US Dollar Index and EUR/USD Technical Analysis

Yohay — Sat, 04 Jun 2011 13:36:19 +0000

US Dollar Index: Weakens, Sets Up For The 72.69 Level.

US Dollar Index: The Index remains bearish following through lower on the back of its Thursday losses during Friday trading session.

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5 Arguments for the Dollar, and 5 Against It

Yohay — Sat, 19 Mar 2011 19:35:02 +0000

The roller coaster week ended badly for the US dollar, as the US Dollar Index closed at the lowest levels since December 2009, just under the previous low. Will it bounce back up from here, or is it a fast roll downhill from here? 5 arguments for the dollar, and 5 against it.

Background

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Greenback With Its Back Against the Wall

Yohay — Wed, 02 Mar 2011 15:18:31 +0000

The US dollar index is at the lowest level since the height of the financial crisis in November 2008. The chart below shows that the next support line isn’t too close. While USD/CHF is at all time lows and precious metals are at record highs, the Euro is hesitating in joining this extreme dollar weakness. Update.

At 76.70, the dollar index is at the lowest levels since November 2008. It dipped below the previous lows set in the past few days. The next level of support is at 76.14, followed by 75.63. Note that there’s still room until the all time low of 70.92 is reached. This line was met in the summer of 2008, when oil prices touched $150 and just before the financial crisis exploded.

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Dollar Index: Weekly Spike Reversal

Yohay — Sun, 13 Feb 2011 16:53:04 +0000

After a significant five wave reversal on dollar index from 76.85 region, we decided to look on the weekly chart, which is showing a very bullish set-up for the weeks ahead. You will notice a trend line connected from early 2008 which holds dollar index up for almost 3 years now. In fact, each time the prices moved close to a trend line, a weekly spike occurred, which then sent the US dollar much higher. May reversal scenario repeat!?

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Dollar Index outlook ahead the NFP – Elliott wave Video

Yohay — Fri, 04 Feb 2011 09:09:57 +0000

US dollar reversed yesterday from 76.86 region, where a five wave decline from the 81.32 highs may have already found the bottom. The most important fact is that prices moved above the upper resistance line of a trading channel, which usually signals for a change in trend.

Guest post by Gregor Horvat

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Dollar Index Shooting Up

Yohay — Thu, 22 Apr 2010 16:30:33 +0000

Many signs of recovery seen in the US send the dollar higher across the board. With a little help from Greece as well. A look at the big picture.

After an alarming rise in unemployment claims last week, they dropped back down – from 480K to 456K, getting back in the zone. This breaks the bad trend and also gives hope for another break of the 430K line that this indicator failed to break. Jobless claims are the best indicator for the all-important Non-Farm Payrolls figure. But other indicators supported this as well:

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The Case for the USD Having Made its Bottom

Yohay — Thu, 21 Jan 2010 08:15:59 +0000

John Forman is a Forex author and expert. He is the Senior Foreign Exchange Analyst for the IFR Markets group of Thomson Reuters and frequent blog poster on Currensee.com.

The Case for the USD Having Made its Bottom

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Dollar fights back – weekly roundup

Yohay — Fri, 20 Nov 2009 18:54:25 +0000

The dollar isn’t giving up so easily. This sent some currencies down, while others are stuck in a range. Bernanke’s speech at the beginning of the week was quite confusing, but his mention of the currency markets moved the them. Only the Yen gained against the greenback. Let’s see which currencies did better than others.

The US dollar index made a nice rise this week, moving from 74.82 to 75.66, somewhat stopping the landslide. The comeback of the greenback, that was very strong two weeks ago, was probably more than a short episode:

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Dollar retreats despite fears from job market – weekly roundup

Yohay — Fri, 06 Nov 2009 18:22:37 +0000

The dollar finishes the week lower against most currencies this week. The fear that ruled last week wasn’t fueled by the terrible American job market, and the blurry rate decision by the Fed. The horizon isn’t clear with this jobless recovery. Here’s an overview of this week in forex trading.

The US Dollar Index retreated this week from 76.21 to 75.74, similar to the close about two weeks ago, before last week’s big comeback. It’s hard to say that last week’s surge was a short episode, or that this week’s stall was only temporary.

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