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.
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.
Yahia.Awes
2 years ago
sell eurusd :P
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justatrader PRO Yahia.Awes
2 years ago
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
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uoco
2 years ago
have no idea
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justatrader PRO uoco
2 years ago
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
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justatrader PRO fxstudent299
2 years ago
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
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FXLookingbest
2 years ago
???
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HexVex
2 years ago
Nice works thanks! The pitchfork is almost perfect
+1 Reply
justatrader PRO HexVex
2 years ago
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.
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jangseohee
2 years ago
snapshot
+1 Reply
justatrader PRO jangseohee
2 years ago
lower TF (15mins) turning out to be a bull flag
+1 Reply
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