as seen in previous dxy chart, irrespective of the huge fed repricing the USD finished the week lower - not a word from the fed this week so expect a potential for a hike in europe, market is pricing in first hike in almost 3 years
failed to retest previous high. we should see it have a bearish trend down to the trendline plotted.
There is almost no doubt that FOMC will hike their rates. The best setup we can have for Short the Dollar. Difference between Dollar Resistance and Gold support is in no way stable. Gold is the one leading. No questions about Gold, but this one is beatiful. This time I have massive Short ( biggest position ) in Short DXY from 101.60 with no Stops. As well I...
long it , to the trend , Then short it to the B AREA if the price goes up the red trend , and it is something really hard but everything in the market can be , so long it again to A Area see you after 7 years :=) , or if something really big happen ,and i expect the second one , Update idea
Watch if this setup could turn up again. Will fib 0,618 hold, or closer down to 101-level ? Normal this could be slowdown in this drop, but also be aware of any more sell and bear-tendens. Retest of neckline in the "Three drives pattern"-bottom could also be a nice support-level.
Simple H&S on the 1D chart, RSI failing to gain any ground. Let's see if this one plays out.
The dollar has been waffling around the 99-102 range for most of 2017. Right now there is a nice pivot area below acting as support and a pivot area above acting as resistance with the range being fair value. I can see two possible scenarios playing out. 1) We get a break above 102.00 and retest support to continuation of the uptrend 2) The upward trend line...
94.80 $ is the target for head and shoulders pattern. if dollar break 99.24 will go down. pattern fail by break 103.65 to up ...
DXY major level of resistance: 103.40 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) DXY major levels of support: 92.00 (Fibonacci retracement, horizontal overlap support) AUDUSD technical indicators: RSI (34) is seeing strong bearish divergence vs price.
I would like to see bounce back to 100.33, reverse and break above 101 level to profit target at 102. Level 101 is very strong resistance level from multiple time frames. Otherwise close below 100.33 will open the way to 99.24
In my mind, the US Dollar is s benefitting from a much needed GOLD correction. None the less, the Bulls have been given a chance to run. Watch for 101 to be in their sights.
From a technical standpoint and based on previous price action. I have to conclude, the Dollar Bulls are heading themselves to a slaughter by the Dollar Bears ...
Watching for if USD are forming an bottom-formation now... ? Aming for 100,50-60 again , let's see how it react's again there, coming days/weeks.
Afternoon Firstly apologies guys for not posting many ideas recently, I have been up to my eyeballs working on other projects alongside our private trading group. The neckline was broken on the head and shoulders around the 100 level indicative of further decline toward the 98 handle. Provided the DXY remains below the right shoulder highs and 50d moving...
So it looks like we got a golden-cross on XAUUSD over the past few days, however the DXY did not give us the death-cross it was headed towards. XAUUSD is looking to bull, however today's strength in the DXY halted it's run through 1240. I will be paying close attention to the DXY / XAUUSD relationship over the next few days to see if XAUUSD can continue it's...
Last week was substantial for both gold and the DXY. Gold was able to close above it's 100EMA, and above the key psychological level of 1220, and DXY closed below the key psychological level of 100, and it's 100 EMA. This will prove to be bullish for gold, and bearish for the DXY. Looking at the 5 and 100EMA for both gold and DXY, we can see that gold's 5 is...