The US Dollar Index

The US Dollar Index is in a primary up-trend, having broken through 80.5, and offers a target of 90.0. Reversal below the rising trendline is unlikely, but would warn of a test of primary support at 76.5.

Gold

Crude Oil

Related articles by Zemanta

• Gold (NYSE:GLD) Falls As Dollar Rebounds (benzinga.com)

Tags: forex trading signals, forex investment agents, forex exchange in malaysia, forex option chain, forex quote script, forex signal dashboard, profitable forex signals

Post from: Forex Genie Trade Alerts

US Dollar Index, Gold and Crude Oil Outlook

Tweet This Post

FOREX OUTLOOK for EUR/USD, AUD/USD, GOLD, CRUDE OIL and US DOLLAR INDEX.

Gold

Gold retreated below short-term support at $1120 after breaking the rising trendline on the price chart and on Momentum Oscillator (5-day). Expect a test of primary support at $1080. Reversal above $1140 is unlikely, but would signal an advance to $1220.

Crude Oil

Crude retreated below the rising (green) trendline, signaling trend weakness. Also, the long-term Momentum Oscillator (13-week) displays a large bearish divergence, warning of a reversal. Failure of primary support at $72 would confirm.

Euro – EUR/USD

The primary cause of dollar strength is the euro, which broke through support at $1.42 — signaling the start of a primary down-trend. The Momentum strengthens the reversal signal. The initial target for the decline is $1.38.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 1.4449 then that could be a sign that the current downward momentum is reversing.

Australian Dollar – AUD/USD.

The Aussie dollar is also weakening against the greenback after respecting resistance at $0.93. It is too early to tell whether this will resolve into a test of primary support at $0.875 or a re-test of resistance at $0.93. Upward breakout now appears unlikely, but would signal an advance to $0.98.

Current Day Trading Session:

Momentum is continuing downward at the present time.

Next Day Trading Session:

If the next day’s close is above 0.9340 then that could be a sign that the current downward momentum is reversing.

US Dollar Index

The US Dollar Index is testing resistance at 78.5. Breakout would signal reversal to a primary up-trend — and advance to 80. Momentum Oscillator (5-day) also favors an up-trend. Reversal below support at 76.6 is unlikely, but would warn of test of primary support at 74.

4xGenie Support Team

Related articles by Zemanta

• Japan Up; Alcoa Hurts Australia (online.wsj.com)

Tags: forex exchange in malaysia, forex rate icici, forex avenger, scalping forex pips, free forex buy and sell indicator, software forex, how much do forex traders make

Post from: Forex Genie Trade Alerts

FOREX OUTLOOK for EUR/USD, AUD/USD, GOLD, CRUDE OIL and US DOLLAR INDEX

Tweet This Post

(Click to Enlarge)

 US Dollar Index and Spot Gold Outlook.

Gold Rallies As Dollar Declines.

US Dollar Index

The US Dollar Index broke through resistance at 76 before consolidating in a narrow band. Consolidation above the new support level is a continuation signal, indicating a test of 77.50, but the index is once again testing support at 76 after a false breakout. Respect of support would signal that the primary down-trend is weakening, while failure would again test support at 75. In the longer term, breakout above 77.50 would indicate that the down-trend has ended. Reversal below 75, on the other hand, would offer a target of 74.

Spot Gold

Spot gold rallied sharply on news that the Reserve Bank of India, normally an astute buyer, purchased 200 tons from the IMF (WSJ). The short-term target is $1100, but we could see further retracement to gauge support at $1000 before the long-term target of $1300 is tested.

Gold miners are lagging rather than leading spot gold as they normally do. The Market Vectors Gold Miners Index [GDX] is headed for a test of the upper trend channel at $50. The broadening wedge over the last 2 months is a bullish continuation pattern. Reversal below $41 is most unlikely, but would warn of a secondary correction. Divergences between gold miners and physical gold often forewarn of changes in the spot price.

There’s a huge bubble, because we have zero rates in the US, zero rates around the world and a huge carry trade. Everyone is borrowing at zero interest rates in dollars and getting a capital gain because the dollar is weakening, so they are borrowing at negative rates. And then they invest in risky assets: commodities, equities, credit. We’re creating a bigger bubble than before.

4xGenie Suport Team

Tags: forex robot review, forex signal dashboard, how to trade forex pivot points, forex option chain, forex software review, how much do forex traders make, forex money managers

Post from: Forex Genie Trade Alerts

US Dollar Index and Spot Gold Outlook

Tweet This Post

Forex Trade Alert.

Gold Rise As Dollar Falls

Gold,  USD/JPY,  Dollar Index

Gold

Spot gold shows signs of an accelerating up-trend, after three trendlines of increasing slope. Retracement respected support at $1040 and breakout above $1070 would indicate an advance to $1100. Reversal below $1040 is unlikely, but would test $1000. In the long term, the break above $1000 offers a target of $1300; failure of support at $985 is unlikely, but would warn of a primary trend reversal.

The only bearish sign is a divergence on Momentum Indicator (14-day), warning that the Market Vectors Gold Miners Index [GDX] has encountered selling pressure. Breakout above $50 would confirm the rise in spot gold, while reversal below $43 would signal a secondary correction (and bearish sign for gold). Divergences between gold miners and physical gold often forewarn of changes in the spot price.

Dollar Fall Continues

US Dollar Index

The US Dollar Index is consolidating in a narrow band below resistance at 76. In the short term, expect a test of 74.50. Reversal above 77.50 is most unlikely, but would indicate that the down-trend has ended. The greenback is replacing the yen as the favorite weak currency used for carry trades. Hedge funds effectively borrow dollars then sell them to invest in a high-yielding currency like the Australian Dollar, pocketing the interest rate spread — and reinforcing the dollar’s downward spiral.

Japanese Yen

The dollar respected short-term resistance at 90.00 and is likely to test the 2008 low of 87.00. Breakout above the declining trendline (and 90.00), however, would warn of a rally to test the upper channel border. In the long term, breakout below 87.00 would offer a target of 80.00.

MONTHLY PIVOT ALERT: Support level of 90.44 was broken today. When the monthly pivot point is broken – we can look for a possible drop to the monthly S1 ( support level 1).

TRENDLINE ALERT: Support level of 90.34 was broken today. Look for a possible drop to the next support level.

Next Day Trading Ranges for Tuesday Oct 20, 2009

The [R3] or the most extreme high trading range is 91.14.

The [R2] or the extreme high trading range is 90.96.

The [R1] or the high trading range is 90.64.

The [P] or pivot point is 90.46.

The [S1] or the low trading range is 90.14.

The [S2] or the extreme low trading range is 89.96.

The [S3] or the most extreme low trading range is 89.64.

Current Day Trading Session:

No signs of downward momentum at this time.

Next Day Trading Session:

If the next day’s close is below 89.85 then that could be a sign that new downward momentum is beginning.

4xGenie Support Team

Tags: forex educational dvd\’s uk forex robots invergy forex forex charts forex http currency exchange forex trading tradingguideonline forex supply and demand cursos de forex inversion en forex mig forex currency trading-course forex trading tradingguideonline forex broker demo mini account metatrader best brokers for the forex markets forex multinivel inversiones learn to trade forex forex curso formacion learn forex learning to trade forex forex system forex trading currency strategies tradingguideonline what is forex rsi forex forums, free daily forex advice, forex avenger, forex software review, software forex, forex signal dashboard, forex trading bankable trades tradingguideonline

Post from: Forex Genie Trade Alerts

Forex Market Outlook | Forex Market Recap for USD/JPY, Gold and Dollar Index

Tweet This Post

FOREX MARKET OUTLOOK.

FOREX MARKET RECAP for EURO, DOLLAR INDEX and GOLD.

EURO

The euro is testing short-term resistance at $1.48; breakout is likely and would signal an advance to $1.50. Reversal below $1.44 is unlikely, but would warn of trend weakness — as would penetration of the rising trendline. In the long term, breakout above $1.50 would signal an advance to the 2008 high of $1.60.

GOLD

Spot gold is consolidating between $1000 and $1020; a bullish sign. Continued respect of the new support level reinforces the signal. The weakening dollar also favors a primary up-trend. Breakout above $1000 would indicate a primary advance to $1100. Failure of support at $1000 is unlkely but would warn of a potential bull trap. The long-term target for the breakout is $1300.

THE US DOLLAR INDEX

The US Dollar Index is consolidating above short-term support at 76; a bullish continuation pattern. Breakout above the declining trendline is unlikely but would warn that the primary down-trend is weakening. The medium-term target for the current down-swing is 74.

4xGenie Support Team

When trading it is important to know your risks. If you have only been trading for a short time it is highly recommended that you start with a demo account first. Forex trading is highly risky and normally it takes 3 – 5 years to become a successful forex trader. Only risk that which you can easily afford to lose. Forex trading is not a get rich quick scheme, but if managed carefully, it is an excellent investment.

Post from: Forex Genie Trade Alerts

FOREX MARKET OUTLOOK | FOREX MARKET RECAP for EURO, DOLLAR INDEX and GOLD

Tweet This Post

MARKET OUTLOOK ALERT

FOREX TRADE ALERT for US DOLLAR INDEX, GOLD, SILVER, CRUDE OIL.

TRADE ALERT for GOLD.

Spot gold broke through resistance at 950, but the tall shadow and weak close are unconvincing. Follow-through above $960 would confirm that the correction is over, while reversal below $940 would signal continuation — and a likely test of primary support at $865. In the long term, breakout above $1000 would signal a primary advance with a target of 1100, while failure of primary support at $865 would test the November 2008 low of $700.

TRADE ALERT for SILVER.

Spot silver rallied to test medium-term resistance at $13.80; breakout from the trend channel indicating that the secondary correction is weakening. Respect of resistance would test support at $12.50. The correction is not over, however, until we see a higher trough followed by a new high. In the long-term, penetration of support at $11.80 would warn of a primary down-trend, while respect of primary support would indicate another test of $16.

TRADE ALERT for CRUDE OIL.

Crude oil and commodities prices rallied sharply, but remain in a secondary correction. Brent crude breakout above $67/barrel would indicate that the correction is weakening, while respect of resistance would signal another down-swing. The primary trend remains upward — assisting precious metal prices as inflation fears rise.

TRADE ALERT for US DOLLAR INDEX.

A down-turn in the US Dollar Index would also boost precious metal prices. Breakout from the narrow consolidation between 79.50 and 81 will test primary support at 78.50. Failure of support would warn of another primary decline, targeting the lower channel border. Recovery above 81 is most unlikely, but would signal a test of the March low at 83.

“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them”. ~ Tomas Jefferson (1743 – 1826) 4xGenie Support Team

Tags: best forex regulated, how much do forex traders make, forex courses in canada, forex avenger, profitable forex signals, forex chart, forex options recommendations

Post from: Forex Genie Trade Alerts

GOLD, SILVER, CRUDE OIL and US DOLLAR INDEX | MARKET OUTLOOK

Tweet This Post

and UD DOLLAR INDEX

FOREX TRADE ALERT: US Dollar Index

The US Dollar Index is testing support after consolidating in a narrow band between 79.50 and 81 for several weeks. Downward breakout, in the direction of the primary trend, is more likely and would warn of a decline with a target of 73. Penetration of support at 78.50 would confirm. Upward breakout is not expected, but would test resistance from the March low at 83.

Dollar Triangle Against The Euro.

Euro.

The euro displays a triangular consolidation against the greenback — a continuation pattern. Breakout above resistance at $1.42 would signal another primary advance with a target of $1.50. Reversal below $1.38 is unlikely, but would warn that the up-trend is weakening.

Japanese Yen.

The dollar pulled back to test the new resistance level after downward breakout below ¥94 [orange]. Recovery above the upper trend channel/long-term moving average would warn of a bear trap, while respect of the upper trend channel would signal another down-swing. In the longer term, expect a test of the December low of ¥87.

Australian Dollar.

The Aussie dollar recovered above support at $0.78 after a marginal break gave a false bear signal. An up-turn on the CRB Commodities Index is a positive sign for the resource-rich currency. Expect a test of resistance at $0.82. Upward breakout is now likely, and would offer a target of the September 2008 high at $0.85. Reversal below $0.77 is unlikely, but would test support at $0.70.

4xGenie Support Team

Tags: forex option chain, how to trade forex pivot points, forex trading courses in singapore, forex exchange helsinki, forex options recommendations, forex rate icici, forex courses in canada

Post from: Forex Genie Trade Alerts

FOREX TRADE ALERT for USD/JPY, EUR/USD, AUD/USD and US DOLLAR INDEX

Tweet This Post

and UD DOLLAR INDEX

FOREX TRADE ALERT: DOLLAR STRENGTHENS.

US DOLLAR INDEX.

The US Dollar Index is testing short-term resistance at 81. Breakout would signal a secondary reaction to test resistance at 83, while respect of resistance would warn of a primary down-swing with a target of 76.

Euro The primary trend of the euro is upwards and likely to continue. If we had to invert the euro/usd chart it would paint a similar picture to the US Dollar Index. Breakout from the rising trend channel warns of a secondary correction to test support at $1.37 [green]. Respect of the 100-Day moving average would be a bullish sign, while failure of primary support at $1.29 [red] would signal a trend reversal. There has been no signal to enter the market at this time. NOTE: A consolidation of price movement or a price correction may be underway. The CCI is above 100. This currency pair is overbought at this time. The [R3] or the most extreme high trading range is 1.4516. The [R2] or the extreme high trading range is 1.4329. The [R1] or the high trading range is 1.4180. The [P] or pivot point is 1.3993. The [S1] or the low trading range is 1.3844. The [S2] or the extreme low trading range is 1.3656. The [S3] or the most extreme low trading range is 1.3507. Japanese Yen The dollar is testing resistance at ¥99. Breakout would signal reversal to a new primary up-trend – confirmed if resistance at ¥101 is penetrated. Reversal below ¥94, however, would signal continuation of the down-trend – with a target of the December low of ¥87. Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! The CCI is above 100. This currency pair is overbought at this time. The [R3] or the most extreme high trading range is 98.8190. The [R2] or the extreme high trading range is 98.5510. The [R1] or the high trading range is 98.2630. The [P] or pivot point is 97.9950. The [S1] or the low trading range is 97.7070. The [S2] or the extreme low trading range is 97.4390. The [S3] or the most extreme low trading range is 97.1510. Current Day Trading Session: No signs of downward momentum at this time.

Next Day Trading Session: If the next day’s close is below 98.25 then that could be a sign that new downward momentum is beginning. Australian Dollar Remain out of this market! Today’s candlestick appears in the yellow shaded area of the chart. This reflects strong consolidation here! The CCI has crossed below 100. Look for falling prices soon. This trade gained 123 Pips. The Aussie dollar is testing its lower trend channel against the greenback. Downward breakout is more likely, considering the rebound on the US Dollar Index, and would signal a secondary correction. Respect of short-term support at $0.7750 [orange], however, would indicate another test of the upper channel. In the longer term, a secondary correction would test support at $0.7000; while the target for the primary up-trend is the September high at $0.8500. The [R3] or the most extreme high trading range is 0.8256. The [R2] or the extreme high trading range is 0.8172. The [R1] or the high trading range is 0.8062. The [P] or pivot point is 0.7979. The [S1] or the low trading range is 0.7868. The [S2] or the extreme low trading range is 0.7785. The [S3] or the most extreme low trading range is 0.7675 Current Day Trading Session: Momentum is continuing upward at the present time.

Next Day Trading Session: If the next day’s close is below 0.7972 then that could be a sign that the current upward momentum is reversing. 4xGenie Support Team

Tags: , forex software review, forex pips guarantee, jack crooks forex, best forex expert advisor, forex trading signals, forex expert advisor

Post from: Forex Genie Trade Alerts

FOREX TRADE ALERT for USD/JPY, EUR/USD, AUD/USD and US DOLLAR INDEX

Tweet This Post

AND DOLLAR INDEX.

FOREX TRADE ALERT

for

EUR/USD, JPY/USD, AUD/USD and US Dollar Index.

June.04.2009.

Euro

The euro is retracing to test the lower trend channel at $1.40 against the greenback. Respect would indicate a swing to the upper trend channel – and test of the December high of $1.44. Breakout below $1.40 would signal a reaction to test support at $1.37 [green].

Japanese Yen

The dollar found support at ¥94, retracing to confirm resistance at ¥97 [green]. Respect of resistance would confirm the primary down-trend – with a target of the December low of ¥87. Breakout below ¥94 [orange] would strengthen the signal. Reversal above ¥97 is unlikely, but would warn of trend weakness

Australian Dollar

The Aussie dollar is retracing to test its lower trend channel against the greenback. Respect of support at $0.7750 [orange] would signal another swing to the upper channel. Failure of the lower trend channel would signal a secondary reaction to test support at $0.7000. The long-term target for the primary up-trend is the September high at $0.8500.

Dollar Index Finds Target.

US Dollar Index.

Tags: forex chart, forex pips guarantee, how to trade forex pivot points, best forex expert advisor, forex charts linear regression, forex quote script, forex robot reviews

Post from: Forex Genie Trade Alerts

FOREX OUTLOOK | FOREX TRADE ALERT for EUR/USD, JPY/USD, AUD/USD and US Dollar Index

Tweet This Post

FOREX TRADE ALERT for GOLD.

Rising bond yields, rising gold and silver prices, rising crude, and a falling US Dollar index warn of inflation ahead. The anomaly is that we presently enjoy falling prices (deflation) caused by the global credit contraction. But steps taken to stabilize the financial system will lead to either massive instability or inflation – with the latter being the inevitable choice. The difficulty is in timing the switch from one strategy to the other. Perfect timing is as difficult to achieve as stepping from one moving train to another traveling in the opposite direction. A simpler approach would be to shift gradually over time, phased in a number of small steps.

GOLD

Spot gold is accelerating towards watershed resistance at $1000. Breakout followed by confirmation of the new support level would signal a primary advance with a target of $1130, calculated as 1000 + ( 1000 – 870 ). Respect of resistance, or a false break that reverses below $1000, however, would warn of another test of primary support at $870.

SILVER

Spot silver continues in a strong primary up-trend – an encouraging sign for gold. The target of $17.00 is calculated as 14.50 + ( 14.50 – 12.00 ). Reversal below the rising trendline would warn of another test of the new support level at $14.50.

CRUDE OIL

West Texas Crude continues a strong primary advance, warning of rising inflation. The target of $65 has been exceeded and we can expect a correction to test the longer-term [green] trendline. Reversal below the long-term trendline is unlikely, but would signal trend weakness.

US DOLLAR INDEX

The US Dollar Index continues in a strong primary down-trend, also warning of rising inflation. The interim target of 79 has been reached and we can expect a retracement to test the declining trendline. The weakening dollar is a bullish sign for gold.

MORE INFO. ON DOLLAR INDEX.

Tags: best forex regulated, forex robot reviews, how much do forex traders make, forex signal dashboard, forex for dummies, forex pips guarantee, forex exchange helsinki

Post from: Forex Genie Trade Alerts

FOREX TRADE ALERT for US DOLLAR INDEX, GOLD, SILVER, CRUDE OIL

Tweet This Post