Since 2014, the Dollar has increased by 25% against a basket of major currencies. After President Trump’s election, the value of the greenback has risen by about 3%, but his recent comment questioning the wisdom of maintaining a “strong Dollar” seems to have put pressure on the USD, which so far has been in the red in 2017.
Ichimoku Weekly charts of USD dollar index with long term uptrend signals. The fact is that both the USD and gold is moving in the unidirection with faster pace
There is a sudden cloud breakout in the dollar index weekly charts above 78 as shown in the charts. Which indicates longer term uptrend in Dollar.
USD Yen Charts(3 Years) Source :Metatrader Forex trading Pair USDYEN had today made a intraday low of 86.30 which marks the 14 year low of dollar against yen Few Reasons why yen is appreciating : Extracted from Wiki Answers 1) Unwinding of Carry trade (all liquidity leads to Japan right now); […]
Though the short term trend of dollar is towards upwards, index is facing major hurdles near 81 and 83 levels. Also our 13,34,55 Weekly EMA strategy reminds the same. Also bearish 13/34 Weekly EMA indicates the long term bearishness is Dollar index. Possibly a crash in dollar index could occur if 81 holds which […]