Are lower prices ahead for the US Dollar Index? Let’s look at a possible powerful sell-signal example as price has formed a classic retracement into resistance, formed a doji candle, and plunged lower off this signal.
The US Dollar Index completed its large-scale Bear Flag on the Daily Chart and I wanted to highlight this development to you and discuss what it might mean going forward.
The US Dollar Index appears to be continuing its journey downwards out of a confirmed break-out of a bear flag. Let’s see this structure and identify possible downside targets.
It appears that the US Dollar Index broke to the downside out of a Bear Flag formation, hinting that lower prices are yet to come (and perhaps higher prices for certain commodities). Let’s take a look at the Daily Dollar Index. The whole Dollar price structure appears to be forming a larger bearish pattern, with…
With the US Dollar Strengthening, officially reversing the trend back to the upside, and consolidating above support, let’s look at the daily and weekly chart to see what’s happened and what might be in store. US Dollar Index Daily Chart: The dollar bottomed at the same time that the US Stock Market bottomed (July 15th),…
There could be a curious inflection in the current price movement of the Commodity Index ($CRB) and the US Dollar Index ($USD), which could make or break the current trends in place. Let’s see what I mean. The US Dollar Index: The US Dollar Index has experienced a lengthy downtrend, has paused, consolidated, formed higher…
Often, the Foreign Exchange currencies markets (FOREX) offer cleaner trends and simple set-ups for astute traders, and I wanted to show an example of one of these clean examples that occurred last night on the Euro/US Dollar cross. (Click for full size image) Even if you don’t trade FOREX, the patterns in this chart are…