Aleksin_Aleksandar

Aleksin_Aleksandar

On the monthly chart, the Dollar Index could continue with a bearish trend in the next month or two. With a drop below the 101.50 level, the next key level is 99.00. That level is very critical because if we don't get proper support, the dollar could slide down to 95.00 and test the lower line of this channel. The dollar could make a new bottom and start a new...

Aleksin_Aleksandar Updated 

OK, this is my take on the oil price for next year. As you can see, these are six-month candlesticks, and we have a broader overview of oil price movements. What we can notice are two big support and resistance zones. The lower zone is in the $30-$50 range, and the upper zone is in the $100-$115 range. Last year, we had a price breakout above the upper zone at the...

Aleksin_Aleksandar Updated 

The price of natural gas could drop to the $2.30 level this week and form the next lower low there. The November bearish trend line represents strong resistance at the beginning of December.

Aleksin_Aleksandar Updated 

The potential new December lower low for AUDUSD is in the zone around the 0.64750 level. We would test the previous trend line and the 61.8% Fibonacci level there.

Aleksin_Aleksandar Updated 

AUDUSD has a chance to visit the 61.8% Fibonacci level once again. Additional resistance in that zone is the trend line; the width of the resistance zone is 0.66500-0.67000.

Aleksin_Aleksandar Updated 

WCUUSD dropped back to the 61.8% Fibonacci level again. We expect to receive support at that level this time as well as the previous two times. Added support is the trend line from the bottom side. The new start of the WCUUSD bullish consolidation means that the dollar is starting a new growth and recovery. We will need a few days to confirm that option.

Aleksin_Aleksandar Updated 

The price of oil is on its way to visit the 70.00 level. A breakout below is very possible.

Aleksin_Aleksandar Updated 

On this chart, we can see how the Fibonacci levels coincide with the movement of EURUSD and expect the pair to drop to the 1.06950-1.07500 zone.

Aleksin_Aleksandar Updated 

The dollar index breaks above the upper line of the descending channel. A third HL was formed at 103.50, and now we expect the dollar to move to 104.25 and then towards the 104.80 level, testing the previous breakout point.

Aleksin_Aleksandar Updated 

AUDUSD is encountering resistance around the 0.66000 zone, and we see a pullback to the 0.65500 level. Here, we are now testing a potential support zone and trend line. Falling below and forming a new low is also a realistic option. A jump above the 0.66000 level could push the AUDUSD above the 0.66500 level.

Aleksin_Aleksandar Updated 

The dollar index remains in the bearish channel with support at the 103.00 level. Tuesday was positive for the dollar, moving it above the 103.60 level. We could expect to see the dollar at the 104.00 level soon.

Aleksin_Aleksandar Updated 

EURUSD comes in the zone of 61.8% Fibonacci level, and we already see that we have resistance in that zone. Failure to move above will lead to a pullback with a target at the 38.2% Fibonacci level.

Aleksin_Aleksandar

My view on the dollar index is very bullish. The first part of this year was marked by getting support at the 100.00 level. With the Fibonacci setting, we see that the pullback is stopped at 50.0% with a retest of the breakout point to the bullish side. Based on these indicators, the dollar should continue to grow with a target above the previous high at 114.78...

Aleksin_Aleksandar Updated 

The dollar index: an interesting comparison of previous pullbacks. In the period from 2003-2008, the dollar index lost 41% of its value. A historical low was formed at the 70,698 level, and the dollar is starting a bullish trend, breaking through the EMA200 daily and forming a higher low. Since that moment, we have been in a bullish trend and are monitoring each...

Aleksin_Aleksandar Updated 

The dollar index did not fall into the bearish trap below the upper trend line; on the contrary, we saw a break above, a retest at the place of the break and a continuation on the bullish side.

Aleksin_Aleksandar Updated 

Looking at WCUUSD, we can track the dollar index in another way. In essence, WCUUSD represents the dollar index, but the oscillations differ in some situations. Here we see that in August last year, we had a very unstable dollar behavior, which is not visible on the classic dollar index chart. Perhaps WCUUSD gives us a better insight into the potential trend of...

Aleksin_Aleksandar Updated 

USDCHF could climb to the 0.89200 level, and soon we should see a break above the 38.2% Fibonacci level

Aleksin_Aleksandar

USDCHF continues to rise this week; next week, we could climb above the 0.9000 level. The pair breaks the resistance at 61.8% and could continue towards 78.6%.