US Dollar Index Trading Strategy As At August 15, 2015

The US Dollar Index will certainly affect the trading strategies of the several currency pairs that make up this basket.

There is much discussion in the United States and elsewhere as to when interest rates may start to move higher and that will certainly affect all of the currencies.

Lets have a look at several charts and see what clues we can discover as to what may be a future direction.

This first chart has the Macd and a quick glance shows a bearish divergence. You will see that there is quite an amount of Bearish influence showing as you glance at these charts.

This next chart, a daily chart shows a bearish Fibonacci Pattern which seems to confirm the bearish divergence on the Macd.

Now we have the Ichimoku Kinko Hyo chart showing that price is above the cloud. It may be that the cloud is going to provide support and prevent much of a movement south, perhaps a few ranging days are ahead.

Another Bearish Fibonacci Pattern on the monthly chart.

We can see on this chart that price is below the pivot and has been fluctuating above support, directionless, so far.

Price has moved below the weekly pivot and also below the monthly pivot.

Here is more discussion by several authors. You will see a variance in expectations as to direction.

US Dollar Index Forecast August 17, 2015, Technical Analysis - FX Empire
http://news.google.com Sat, 15 Aug 2015 04:53:00 GMT
FX EmpireUS Dollar Index Forecast August 17, 2015, Technical AnalysisFX EmpireThe US Dollar Index went back and forth during the course of the session on Friday, bouncing off the 96 level for support. With that being the case, the market looks as if ...
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US Dollar Index (DX) Futures Technical Analysis – August 14, 2015 Forecast - FX Empire
http://news.google.com Fri, 14 Aug 2015 11:22:28 GMT
FX EmpireUS Dollar Index (DX) Futures Technical Analysis – August 14, 2015 ForecastFX EmpireSeptember U.S. Dollar Index futures are trading slightly lower shortly before the cash market opening. For the second consecutive day, the market is trading i ...
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Dollar Slips This Week on Blurred Picture for US Rates - Wall Street Journal
http://news.google.com Fri, 14 Aug 2015 20:18:39 GMT
USA TODAYDollar Slips This Week on Blurred Picture for US RatesWall Street JournalThe dollar edged broadly lower this week as uncertainty over China and depressed global inflation pressures clouded investors' view on U.S. interest rates and limited t ...
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The Week Ahead: How Important Is China or The Dollar To Your Portfolio? - Forbes
http://news.google.com Sat, 15 Aug 2015 12:49:44 GMT
ForbesThe Week Ahead: How Important Is China or The Dollar To Your Portfolio?ForbesI began analyzing the financial markets in 1982 when I became the research director for a financial advisory firm and provided regular market analysis on stocks, commo ...
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China hoarding gold in move to challenge dollar - WND.com
http://news.google.com Sat, 15 Aug 2015 01:25:38 GMT
WND.comChina hoarding gold in move to challenge dollarWND.comBorneman noted the IMF is scheduled to meet in October, and on the agenda is whether to allow China's currency into the SDR pool, a basket of currencies that includes the U.S. dollar, the e ...
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Pound to Dollar Rate Forecast to Decline from Here - Pound Sterling Live
http://news.google.com Sat, 15 Aug 2015 10:58:00 GMT
Exchange Rates UKPound to Dollar Rate Forecast to Decline from HerePound Sterling Live“Sterling outperformance though largely stemmed from euro strength against the dollar. Underlying sentiment for the pound suffered in data this week that showed the ...
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Dollar Looks for Fed Move as Major Counterparts Gain Ground - DailyFX
http://news.google.com Sat, 15 Aug 2015 03:34:00 GMT
DailyFXDollar Looks for Fed Move as Major Counterparts Gain GroundDailyFXThe 'Summer Lull' doesn't do the US Dollar any favors. As a favored haven currency, the reduced volatility - and thereby risk - curbs its innate demand. Further, as market depth ...
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AUDUSD Trading Strategy As At August 8, 2015

AUDUSD has been moving higher for a few days after forming the bullish Fibonacci pattern. Traders are still somewhat bearish on this pair.

AUD/USD Weekly Outlook - Action Forex
Sat, 08 Aug 2015 09:12:47 GMT
AUD/USD Weekly OutlookAction ForexAUD/USD formed a temporary bottom at 0.7233 and recovered. Subsequent recover was weak so far and limited below 0.7448 resistance. Thus, the near term bearish outlook is unchanged. Initial bias is neutral this week f ...

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AUD/USD Weekly Fundamental Analysis, August 10 – August 14, 2015 Forecast - FX Empire
Sat, 08 Aug 2015 10:19:00 GMT
Exchange Rates UKAUD/USD Weekly Fundamental Analysis, August 10 – August 14, 2015 ForecastFX EmpireDespite the bearish outlook, the AUD/USD rebounded quickly on Tuesday, August 4 after short-sellers were caught off guard when the Reserve Bank of Aust ...

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Time To Throw-In The Towel On AUD/USD Shorts? - Credit Suisse, Citi , SocGen - eFXnews
Fri, 07 Aug 2015 19:35:00 GMT
Time To Throw-In The Towel On AUD/USD Shorts? - Credit Suisse, Citi , SocGeneFXnewsWhile this caused a broad squaring of AUD shorts, we are not ready to throw in the towel on our bearish AUDUSD forecast profile. The bottom line is we see AUD's jump a ...

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AUD/USD Moves Up - Benzinga
Fri, 07 Aug 2015 18:36:12 GMT
AUD/USD Moves UpBenzingaAUD/USD is trading at 0.7410, up 0.0067. The pair is trading just under the highs of the session during late U.S. forex trading. Market talk about U.S. Unemployment data has kept both buyers and sellers active. The NAB Busines ...

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EURUSD Trading Strategy As At August 8, 2015

EURUSD on the weekly chart has a 'Bullish Butterfly' which likely means the currency pair will rise sometime in the future.

Traders have been hoping for an upward move for many weeks.

EUR/USD to Eye 1.0800 Support on Strong NFP Report - DailyFX
Fri, 07 Aug 2015 08:01:23 GMT
Exchange Rates UKEUR/USD to Eye 1.0800 Support on Strong NFP ReportDailyFXAnother 225K expansion in U.S. Non-Farm Payrolls (NFP) may spur greater demand for the greenback and spark a near-term sell-off in EUR/USD should the fresh batch of data height ...

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Non-Farm Payroll Comes Largely In-Line, Sinks EURUSD - DailyFX
Fri, 07 Aug 2015 13:18:11 GMT
Non-Farm Payroll Comes Largely In-Line, Sinks EURUSDDailyFXThe strong jobs report came at the expense of the EURUSD pair, which plummeted, on the back of the data. EURUSD fell from $1.0972 just before the data to $1.0859 a few minutes after. The pair ...

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EUR/USD Weekly Outlook - Action Forex
Sat, 08 Aug 2015 14:18:00 GMT
EUR/USD Weekly OutlookAction ForexEUR/USD's range trading continued last week as it stayed between 1.0807/1128. Initial bias remains neutral this week first. On the downside, break of 1.0807 will extend recent fall from 1.1436. Nonetheless, the corre ...

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Forex technical analysis: EURUSD technical levels through US employment report - ForexLive
Fri, 07 Aug 2015 12:14:25 GMT
ForexLiveForex technical analysis: EURUSD technical levels through US employment reportForexLiveThe US employment report is always a risky event. When you have 300 million people and plus or minus 50-100K can make a big difference, that increases not ...

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