TVC:DXY   U.S. Dollar Currency Index
US Dollar             looks to be recreating the pattern that started this pennant . See the candle pattern from the red box and overlay it currently in gold             . This could be how it plays out. Everything fits. Get ready to go GOLD            
Comment: Although we have a break above the trend line, and positive divergence in the TSI, I feel the cycles support a drop in the USD. I see the RSI and %R both way overbought. Its time for the US Dollar to drop. I see this a technical shake out.

Comment: The USD cycle is getting over extended, at 40 days, thats longer than normal. The RSI and %R are both overbought. I expect a drop any day.

Comment: US Dollar at the 1.27% FIBO point and the upper trend channel line. 47 days into the cycle, its due to plunge here.
Comment: Measured move to the 1.27% Fibo was spot on. Now looking for the golden candle pattern to fill.
Comment: USD playing out perfectly. Oversold right now, so we may get a bounce, but will eventually fall further.
Comment: Dollar could be forming a Bullish Bat harmonic pattern. Can't happen soon enough

US Dollar top is expected at $99.03.The measured move fro the last two tops will play out the same here then provide an solid drop as depicted in the gold candles.

Reply
let's hope the NFP results later would not be as good as forecasted , and drives down further
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out