SignalSwiss
Short

DOLLAR INDEX: MEDIUM TERM (Analysis)

INDEX:DXY   U.S. Dollar Index
1556 32 29
STUCTURE TREND: Consolidation

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As long as that weekly bullish candle with the large wick is not violated this could go up more
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for us it is not a bullish candle.... :)
+2 Reply
Yahia.Awes SignalSwiss
How come such a rejection wick is not a bullish candle?
+2 Reply
Yahia.Awes Yahia.Awes
Almost at your 0.382 fib? I smell bearish oil about to start, that could be the dxy flag could break UP
Euphoria on it
+2 Reply
This is first step.... second.... around 58$....
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+4 Reply
Yahia.Awes Yahia.Awes
So now the dollar has topped? First long then short.
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we are not talking of a reversal but a consolidation !!!!! The right timing is 99% for a trader! :) happy trading and happy week end LighthouseKeeper ! :)
+3 Reply
Yahia.Awes SignalSwiss
Allright I agree with consolidation but your targets look a bit too deep for me. Good weekend SignalSuisse
+1 Reply
We can also make mistakes ..... good WE you too!
+3 Reply
Good eye, coming down from here.
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Hi Ivan!! ...thanks :)
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Our last EURUSD SETUP: "Short & Reversal"
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+5 Reply
Good week end to all!! :)
+2 Reply
NewActarus SignalSwiss
You too, great signalsuisse!
+3 Reply
simple and fantastic!
+3 Reply
JFinTrade NewActarus
agree! well done!
+3 Reply
thank you!! :)
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Oil has pressured equities as well, this would definitely help to create a scenario that would allow for a rate hike. Are you short term bullish on equities as well? I agree with your DX target; however, the markets seem very hesitant to allow for a drop in the dollar with the constant looming 'potential' rate hike...
+3 Reply
SignalSwiss TOP smitheric1970
That's right, we think the Fed can get out of this situation only in this way, thanks for your opinion.
+1 Reply
Would definitely create the perfect storm. Have a great weekend, I am a big fan of your work!
+5 Reply
SignalSwiss TOP smitheric1970
Thank you Eric, have you a nice week end!
+1 Reply
"I think the key question is, are we going to get sufficient growth in the economy, put downward pressure on the unemployment rate, get an acceleration in wages," said William Dudley, president of Federal Reserve Bank of New York. "If we get that, I'll be reasonably confident inflation returning to 2 percent."
Dudley, a voting member of the Fed and vice-chairman of the Federal Open Market Committee, was speaking in an exclusive interview with CNBC. He said that weaker global developments, particularly in China, could potentially slow the U.S. economy. A stronger dollar has also weighed on American exports. "It's a mixed picture, the domestic side of the economy looks really good, some temporary drag from inventories and some more persistent drag from the trade sector," he said.
We are also awaiting October 30 when we will be meeting with the Bank of Japan, this will be the last piece of our puzzle, let's not forget that USDJPY is currently a major driver for us.
+4 Reply
IvanLabrie PRO SignalSwiss
Decisive week, and month ahead.
Check out NZDUSD, seems to have hit rock bottom.
+1 Reply
Ivan... not "seems" ...but "have"... :) We like commodities currency at the moment, this our last setup about audusd:

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+3 Reply
IvanLabrie PRO SignalSwiss
Nice I had the same analysis and entry. Nice going ;)
NZDUSD: Downtrend

Copper: Taking off and lifting AUDUSD

AUDUSD: Potential path
+1 Reply
at the moment we still see a possible fake signal, but next Tuesday we could have a better idea....
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Interesting interview with Dudley:

http://video.cnbc.com/gallery/?video=3000430803
+2 Reply
I forgot a detail in chart: around our TARGET 1, dollar index will be in oversold!
+2 Reply
I vote for DXY consolidation between 93-97. Could last 6 months till march 2016 and after that FED rates rise.
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Victor.Y.F PRO Victor.Y.F
97 could be exceeded but will be a good short.
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I mean it's gonna be ranging and be supported at 93 level till FED rises rates.
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I do really appreciate your work sir.
thanks for willing to share, God bless
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