US dollar Index

Libero wrote: Man, you are too much of a perfectionist.

The time-lines are slightly out, but I think the first chart may have been "Compressed" to fit the website lay out (i.e. squeezed). This could create a neater effect I suppose.

Consider the candles vs date (in particular when you look at the LS-Head-RS), it matches!

Oooh! Here it is:

www.fx360.com/commentary/fawad/9476/doll...sh-ahead-of-nfp.aspx

Dollar basket is equivalent to Dollar Index surely? or have I missed something here

Man, you are too much of a perfectionist.

The time-lines are slightly out, but I think the first chart may have been "Compressed" to fit the website lay out (i.e. squeezed). This could create a neater effect I suppose.

Consider the candles vs date (in particular when you look at the LS-Head-RS), it matches!

Sorry mate
i just realised its the weekly chart. i was looking at it from the daily chart and november is the date i was getting confused with
sorry

Hi libero
This chart looks like the dollar index but the other chart does not. if you look closely on the dates it does not match up. I think its a different currency pair. ill see if i can find it.

Hi Remo,

it was a snap-shot from GFT, will find the source...

I've done a quick check (using a crude chart tool), and on the weekly, it looks like the $index - what do you reckon?

Hi libero
Your chart is not of the US Dollar index???
Out of curiosity whos that chart of as its a nice head and shoulders. I would look to short that chart if possible

Libero wrote: I wonder if decent Non-Farm Payroll numbers would help ease the pressure on the Dollar Index...

I've always found this catch-22 situation somewhat odd. In theory, Good job numbers imply strengthening US Economy, thus a stronger dollar. Bad numbers indicate a market sell-off (and subsequently running to the USD for dollar); but, then there's the Fed!

(Sigh)

GFT Markets reckon its downhill from here!

(Chart courtesy of GFT Markets)