USD Index
From a technical perspective the USD index remains inherently weak with yesterday’s price action merely confirming this view, with the index closing once again below all three moving averages which are pointing sharply lower. With the index now firmly established below the 77.50 level it will take a dramatic reversal in sentiment for [...]
A defining day yesterday on the daily chart, as the USD Index finally broke below the 77.50 very platform outlined in previous posts, and closed the trading session with a wide spread down bar with a very small wick to the bottom of the candle. The USD index is now extremely bearish, with all three [...]
The USD index continues to bump along the bottom, desperately trying to find a foothold and some support at the current price level, as it attempts to build a position from which to rally higher and recover from the downwards decline of the last few months. The signs however are not good, with yesterday’s price [...]
Forex Analysis
The USD index continues to hover around the 77.50 to 78.50 price level, occasionally looking over the precipice before pulling back from the edge, and recovering a tiny piece of lost ground, with yesterday’s candle shining a small chink of light onto an otherwise gloomy picture for US dollar bulls, with the daily candle [...]
The USD index continues to look very fragile and yesterday ended the forex trading session today with a small doji cross, indicative of a market that is currently lacking any direction. Unfortunatley the future direction, when it comes, is likely to be downside with all three moving averages adding pressure to the beleagured US dollar. [...]
Once again on the daily USD Index Chart today’s candle found strong resistance from the 40 day moving average which prevented any attempt by the Index to rise and closed the trading session with another dismal day for the poor old US Dollar whose only hope for redemption now seems to rest with the 77.50 [...]
The dollar index continues to trend higher, and despite yesterday’s modest fall, still remains firmly established above all three moving averages, and perhaps more importantly now well clear of the 200 day average which has now been crossed by the 40 day. Whilst the candle closed lower on the day with as a relatively wide [...]
The US dollar index ended on Friday with a distinctly bearish candle for currency options trading on the weekly chart, following the poor NFP data which saw a loss of 85,000 jobs in the US economy for the month. Many analysts had been forecasting a small increase in jobs created, and as result sentiment towards [...]
At times of great change I always feel that it is more valuable to take a longer term view of the markets for currency options trading, and with so much talk of a resurgent US dollar, I thought it would be useful to look at the monthly chart for the dollar index, which reveals in [...]
The US dollar index continued its short term recovery on Friday, emerging from the depths like some half drowned swimmer, exhausted but still alive, and just managing to break the surface for air, or in this case the 40 day moving average, supported from below by some buoyancy tanks knows as the 9 and 14 [...]
For currency options trading, the slide in the US dollar index is remorseless and unrelenting, with the 9 day moving average bearing down heavily on any attempt to turn higher, and with the strong resistance level now firmly established above the 76 price point, there is little in the technical or fundamental picture to suggest [...]
Life continues much the same for the US dollar index, and the US dollar for currency options trading, which seems to show no sign of pausing or reversing the long and unrelenting downwards trend, and in many ways trading is very easy at present, with only only one question that we need to bear in [...]
With the markets closed in both the US and Japan yesterday the dollar index responded by continuing to try to find a platform of support from which to provide a base to rally and reverse its current, long, slow decline. The 76 price level on the daily index chart seems to be providing a degree [...]
The technical picture for the US dollar continues to get worse with each passing week, with the last five days simply adding to the gloomy picture, and suggesting that last Thursday’s positive up bar, was simply a one trick pony, and unlikely to provide any platform for a sustained recovery in the short term. Indeed, [...]
The usd index received a mild boost yesterday as the forex markets continued to absorb the detail from the FOMC meeting of Wednesday, with the index closing with a wide spread up bar ending the currency options trading session marginally above both the 9 day and 14 day moving averages. Clearly this is a positive [...]
The weekly chart for the US dollar index, really tells you all you need to know about the current state of the US dollar for currency options trading this week, with last week’s narrow spread down bar simply adding further pressure to the bearish picture following the break below the strong support platform which was [...]
Latest news on video for currency options traders this week, starting as always with a look at the US dollar index, which provides an excellent guide for currency options traders. Following the recent bullish rally we are now approaching key resistance areas on the daily chart, but a break above here should see the US [...]
Currency options trading fx options weekly outlook on video covering all the major pairs and including the weekly US dollar index which looks increasingly bearish on the weekly chart, and could now go all the way back down to the 72.50 price level in the next few weeks.
You can keep up to date with all [...]
This week has proved to be particularly difficult so far in trading both the currency options market as well as the spot market, due partly to the lack of fundamental news on the economic calendar, and coupled with the long weekend ahead, with many traders closing positions early, and the markets in general trading on [...]
With the raft of economic and fundamental news due for release this week, along with the G20 summit in London, and the Non Farm Payroll figures on Friday, trading currency options provides a safer and more balanced approach to trading currency, than simply opening long or short positions in the spot market. Used on their [...]
This weeks latest video on the outlook for currency options, starting as always with a look at the weekly chart for the US dollar index. The daily chart for the dollar index also provides a different perspective for your currency options trading, with the US dollar weakness continuing in the index this week against the [...]
A weekly view of the currency options market for the major currency pairs, and as always starting with a look at the US dollar index.
We start the week again as usual by taking a look at the performance of the dollar index, to provide the guidance for our currency options trading for the week ahead.
We start the week again as usual by taking a look at the performance of the dollar index, to provide the guidance for our currency options trading for the week ahead.
The weekly currency options outlook on video for the week of 23rd February, and as usual we start with a look at the weekly chart for the US dollar Index.
Having recovered from the lows of early December at 74 on the daily chart, the dollar index continues to remain range bound between 80 and 81, a worrying trend for the medium term for dollar bulls. Yesterday’s up candle did nothing to alleviate this view and indeed closed below both the 9 and 14 day moving averages [...]
The USD index continued to trade in a narrow last week ending as a doji cross candle, similar to the previous week but smaller in size. The common theme remains the inability of the index at present to pull clear of the 200 week moving average and until we see some sustained momentum to break [...]
The dollar index chart remains delicately poised at 80.5 having finally broken above the minor resistance in this price region and with a break and hold above all four moving averages. Yesterday’s price action was extremely muted given the total lack of fundamental news with the index closing as a very narrow spread candle perched on the [...]
At last a significant day for the dollar index following 2 weeks of sideways price action, which finally broke dramatically above the 80.50 price point ending the trading session as a wide spread up candle with a small wick to the lower body. Yesterday’s price action duly confirmed Wednesday’s bullish engulfing signal which has now [...]
The dollar index rebounded sharply yesterday breaking back above the psychological 80 level and holding firm above all of our short term moving averages but still sitting tantalisingly below the 81.50 price handle. In this morning early US trading the index has kept to a very tight range, but given yesterday’s bullish engulfing signal and [...]
A negative day for the dollar index yesterday which ended the trading session with a relatively wide spread down candle which breached the 9 and 14 day moving averages as a result. The move lower came as little surprise given the the series of shooting star candles which have appeared on the daily chart for [...]
The USD index looks like ending the week on a very positive note having broken above the 200 week moving average, a significant move, which suggests that the recent bullish trend is set to continue. The deep lower wick to this week’s candle is indicative of dollar buying which has reversed earlier falls & helped [...]
Another strong performance by the dollar index last week which closed with a wide spread up bar once again making this three in a row and confirming the positive US dollar sentiment across all the markets. However, whilst last week’s close ended just above the significant 80 level and touched the 200 week moving average [...]
Following 2 strong weeks of performance from the US dollar the question, of course, for this week is whether the index will continue to perform just as well as we begin to approach a significant area of potential resistance on the weekly USD index chart. The reversal higher was first signalled three weeks ago [...]
The weekly chart for the US dollar index remains inherently feeble with last week’s candle closing as a very narrow spread upbar with a small wick to the lower part of the body. In itself this provides us with little in the way of longer term direction and simply reinforces the previous three weeks which [...]
