Dollar in Range and will break either side after Accumulation or Redistribution of Prices
U.S government efforts to restore the dollar power + market history that we can see on the weekly timeframe can give the dollar a power to continue its bullish trend that began 22 February 2021!
US Dollar Index- Reverse Head and Shoulders pattern confirmed.
Further downside retracement before the next rally.
Self-explanatory.
It is possible to expect some strength on USDMXN, a potential retest to the descending resistance of the daily channel.
dxy still can drop another leg in short term trades , but i don't think it will continue to much lower levels in 2021. when the equity markets goes for correction (up %40 can be expected) , DXY can spike up over 100 again.
Here I apply the same ending diagonal count as the EURUSD, this market has slightly different waves but still the same thing. The main difference here is the distance left until it reaches the lower channel. No it becomes even more obvious that the US Dollar is very close to completing the Wave 2 correction since 2009. The reason for the channel is because I am...
Dollar Index - Daily chart - Bullish breakout setup looking to enter don hourly pulbacks.. Selling other majors on pullbacks for 200-300 pips target.
USD index (Weekly chart)- Bullish RSI divergence.
In this special idea I will breakdown everything the US Dollar has done and what it is about to do. Do you need proof? I have proof. If you don't have proof you're guessing. Don't guess when it comes to the markets, know exactly what is happening or get out. I have linked the previous few ideas below that are related to the US Dollar. Please LIKE and ...
Here we look at how the Euro makes up 60% of the U.S Dollar index and how historically the moves in EUR/USD drives the performance of the DXY. EUR/USD is just under the key resistance level $1.20 as the DXY is sitting at a key support level 92.00. A firm brak above £1.20 in EUR/USD will be the catalyst for the DXY to break below 92.00. This offers us two trades...
We take a closer look at the US Dollar Index and the makeup of currencies within the basket. If you don't want to trade the Individual US Dollar currency pairs we can sell the Index as the Dollar continues to weaken across the currency pairs that make up the Index. We look at entry price strategies below a key technical support level 92.00
Market is at the bottom of a Bullish channel and is forming a bearish dark cloud cover on the weekly Prior the market formed a bearish double top but failed to hold. Market found a strong level of support at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at the bottom of the channel. I expect the market to...
as we can see price couldn't break resistance, meaning that look for any dollar pairs like AUDUSD to potentially go short on.
I am expecting a double zigzag wave combo instead of a simple ABC correction before we see the sell trend. I am expecting a buy to 0.5900 regions.
We are currently analyzing a possible inverted head and shoulder which shows a reversal chart pattern that the previous downtrend might has ended and the the former uptrend may resume. We expect a retracement to the neckline and a candlestick confirmation to trigger the buy order. Target is as shown on the chart and the ideal stop loss should be set below the...