justatrader

Dollar Index: It comes down to this.

INDEX:DXY   U.S. Dollar Index
341 11 6
Horizontal Support + Completed Divergence + Median line bounce

You know what to do.
sell eurusd :P
Reply
Short term /intraday yes. 98.5 needs to break to see the Dollar back on the throne. Else, seasonality could step in, meaning sell USD until May/June
Reply
have no idea
Reply
Hehe.. then you should get some popcorn and watch EURUSD, Gold around US session. It could turn out to be the best entertainment ever. And be sure to have an intraday chart on (5min/30/mins or 1hr).
+1 Reply
sorry, could you explain "+ Completed Divergence" in detail? thanks
Reply
justatrader PRO fxstudent299
Please check out Andrew Cardwell's RSI divergence and you'll have all the info you need. Focus not on 'RSI' but the divergence aspect of it
Reply
Nice works thanks! The pitchfork is almost perfect
+1 Reply
Cheers!! Its not just the pitchfork, but multiple things in play here (bullish divergence + pitchfork + support).

But first, we're not out of the woods yet, although the bullish candle at support looks a bit promising. Expecting a rally to 98.45 and that should probably seal the deal for USD to never see 100 again, at least for a month or two.

So far price action at this level has been disappointing. I thought the bulls would come in and push up the $$. No signs of that yet.
Reply
lower TF (15mins) turning out to be a bull flag
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out