Dollar Index Headed Higher

Posted on by The INO.com Team

It has been a while since we looked at the dollar index, so today we decided to dissect this market and look at it step-by-step.

What is happening in this market is very interesting and I think you will see in this short video just what we have in mind.

As always, our videos are free to watch and there are no registration requirements. Do you agree with my analysis of the dollar index? Leave a comment and let us know what you see.

All the best,
Adam Hewison
President, INO.com
Co-creator, MarketClub

24 thoughts on “Dollar Index Headed Higher”

  1. I also have a question about different charts that you use and other ones like on Google Finance. It seems to me that your charts are much steeper.

  2. I don't want to appear rude but you should check out all the features of MarketClub before making remarks that are unfounded. We have free tech support were you can actually talk to a real person if you have any questions.

  3. Mark,

    Yeah, I know what you mean bro. I try check out the charts and Market Club cheaps out and only let's see two year. Not easy to draw long term trend lines. Bottom line is Market Club exists to take your money. Who needs to trade when you can sell signals and make millions?
    lol!

    From now on I will be on the right side of this trade. There are plenty places get good signal and charts for free. Try Barchart.com! WOW!

    see ya!

    1. George,

      Thanks for your feedback.

      Check out the max button it goes back 8 years on a daily chart. You can draw all the trend lines you want on any of our charts.

      I don't want to appear rude but you should check out all the features of MarketClub before making remarks that are unfounded. We have free tech support were you can actually talk to a real person if you have any questions.

      You are correct we do make millions, the reason why is we are dedicated to helping investors and teaching them how the markets really work.

      It is your right to make comments on our service but it is my job and my right to correct any comments like yours that are not accurate or correct.

      All the best,
      Adam

  5. Mark,

    Our free charting on INO.com only goes back to a certain point for quick reference. We also keep the data limited to allow for chart clarity, if we add to many years with the size or charting it will become unreadable. If you need more data then back to 2008 I would suggest taking our 30 day risk free trial of MarketClub. We offer historical charting all the back to 4-3-2002 for both the Gold Spot and the Dollar Index.

    http://club.ino.com/join/

    Best,
    Jeremy Lutz
    Technical Support and Customer Service
    INO.com and MarketClub

  6. Please answer my question. Why at INO is the max chart for Spot Gold and the US$ only able to go back to Jan 2008?

    When we click "max" for the charts we get tow years?

    How can we see the long term trends?

  8. Hi Adam,

    Why is it that when I go to INO.com to look at charts, that the Spot Gold and US Dollar charts only go to January 2008 when I click "max" for the chart duration? How do we get a chart for these on INO that is for a longer duration?

    I also have a question about different charts that you use and other ones like on Google Finance. It seems to me that your charts are much steeper. When I look at them, the individual squares or rectangles that are in the charts deliniating months or weeks are different...so the trend lines are different too. Take a look at GLD on Google Finance and compare it to your GLD or you Spot Gold charts. Can you explain the variations? Which ones are more accurate?

    Thanks, Mark

  9. Hey Tech, he doesn't disagree with your wave 5 top, but a few lines up he is encouraging people to go long the index. He should be in Congress; that was a great flip-flop.

  10. Looks very plausible, just one point from an elliottwave perpective which Tech-trac did n't mention i.e when wave 1 is around the same size as wave 3 it is very common to see a fifth wave extension. This needs to be confirmed by wave 5 having equal or greater volume than wave 3. I would say volumes have been about the same but not convincingly so. Furthermore the retracement from the intermediate high does not look impulsive at this stage. The alternative is that we are in a third wave of a third wave although the power and the speed of the last leg up does not suggest that. Another alternative to save a headache is to let Adam's triangles take the strain 🙂

    Good trading to all.

  11. The $USD$ is in wave#5 of an Elliott Wave top. All that is needed is a close below the day of the hi...

  12. Mihai is right; and one of these days you idiotic traders are going to learn your lessons. If you want to gamble go to a casino; that's all the markets are anyway.

  13. Adam, no disrespect but i interpret Market Club's 100% ratings as sell signals. This one will be no exception.

    Gold's 1,105. new Gold highs before the end of May, imho.

    gl

  15. You are so wrong this time. USD is heading way down and by the end of the summer everyone will think: "How in the world I thought USD can go higher?". But is your bet - your problem.

    1. Mihai,

      Thank you for your feedback.

      I respect your opinion, and you could be right. However we are traders and we're following our trade triangle technology and right now and it remains positive for the US dollar. When the technicals and our trade triangles change direction we will change direction with them.

      That is how we approach the market with a definite game plan.

      All the best,
      Adam

    2. In the short term at least, the safety flight to the dollar makes sense. I believe this is what we have been seeing the last few days. In the end though it will come down to the proven safety of the only real money; PMs.

  16. Lucky,

    The USD just made a one-week high against the CAD. Our trade triangle technology is now neutral and indicates a possible trading range for the moment. I would prefer to stand aside in this market.

    All the best,
    Adam

  17. Since the Canadian economy is getting stronger while US is still in ??, will the CAD be stronger in the short or long term? What is your idea about USD/CAD

  18. Eric,

    Thank's for you feedback.

    I just like the pattern on the dollar index. It looks to me like we have one more push up to the area that I show in the video.

    Something to be a little careful about and that is correlation. Markets sometimes correlate very well and sometimes they go off that rhythm. That is why I like to look at individual markets and go more on that price action as opposed to what another market is going to do that could, and I repeat could affect the price of the market I want to trade.

    All the best,

    Adam

  19. Hi Adam,
    Great video again. Do you feel that the continued upturn in the dollar will show up as weakness in gold or at some point will we see a correlation change and see gold rise also? Thanks for all the great education,
    Eric

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