We had strong move down on friday, and expecting TCP to retest the low. Trade with care!
Hi traders! This is DXY REVISITED We covered the DXY in the STATE OF THE MARKET VOL.2. At that moment, the price finally bounced of our order block and found some kind of momentum upward. That bull run had a few legs because it ran for some time before finding resistance around 95.00 Like any type of trend, the price has to retrace to become a healthy run....
In Long term view DXY is looking bearish and now we are in a consolidation. When price break the top take profit or move your stop loss to break even. Please trade with care.
I can see a B wave is forming in DXY and trading the C wave is a good idea. Please trade with care.
Now that we get our 2 target in long i short eh Dxy for the pullback,he is also overbought and i think 94.06 its a good pullback level or we can go more deep to the Up t-line...but i prefer said only 94.06 who match with the resistance that become support enter at 94.66 Target 94.06 so is a go for 60 pts more we go in 2 separete position like all time for can...
After a head and shoulders pattern that is now active, me may see the dollar getting stronger. So keep an eye for longs on the dollar pairs and short on the EUR/USD pair. I am just waiting for a break of the counter trendline as a confirmation.
Multi-day view: DXY price action contained in a multi-month bearish channel decelerating with new tops and lows, finally clearing the May 2016 lows. Current price action has so far stalled near the prior resistance area but I am likely to see a break of this area as there is a bullish divergence under play and momentum is supporting the view as well. So I am...
Before i make a post of long DXY and then we reach the target now The dollars make is pullback on daily chart you can see than the ma20 and 50 match with a support and a up T-line so will be the price for enter approximatively . all data match with the FED goal and especially the UP in earning Wage (inflation of salary) last firday So even i make ths trade before...
Watching the dollar to form the right shoulder of the reverse head and shoulders. Assuming that the low for the intermediate term has been formed, then this suggests that we are in a prime buying opportunity to test the long side for the dollar.
a simple daily view of dollar index with only some major support and resistance also a level for my view that he have to keep for stay bullish in short -middle time
Hi traders! Here we have the DXY chart. It has been ranging in this wedge since the start of the 2000's. This charts feature the USD while it was affected by the DOT COM boom and the housing crisis of 2007-2008. You can clearly see the highs and the lows of all this timeframe. USD went through QE 1, 2, 3 + Operation Twist with the one and only Ben Bernanke at...
i think the break out is confirmed on the DXY because he brak out the long tie tdowntrenline since almosst high 2016 then after technically he do the pullback on this t-line and bounce on sharply. so we can say for short and middle time the dollars is back in da place first target easy at 94.05 me i entry on since friday and i have a traling stop now. he can go...
Great news for Dollar bulls. On the weekly time frame the dollar index has finally broken the upper range. This is a strong indication that we might finally see a trend reversal and a stronger dollar over the next weeks. Previous down trend lasted 25 weeks if you start counting from the start of the channel. If you like to hold position for a few days and make...
This is short term outlook, good enough for the next week. Yes, everyone charted monthly wedge break, lower highs and lower lows on D, W, M; fact is - after FED rate decision USD got some bullish momentum back. It is obvious to me that the price was trading in bullish channel, some red economy data slapped its face but, imo, this did no harm. Price went sideways...
- Yellen speech again mid hawkish tone -FOMC+Yellen at last meesting was Hawkish and add 1 rate hike than the market priced -Dollars have room on the daily chart to go more u p easily -Many rate was hiked and dollars have down too much since that. -Some pair like EURUSD - GBPUSD have room for consolidate more than today (26 sept) - IN short-middle term i see...