DXY chart hopefully create bearish butterfly pattern. So market seems down to
94.043 & 93.919 zone. Then market moves up to 94.555 and 94.855 level. If the market break out
93.655 support level then this case is invalid.
In the past 2 weeks, DXY consolidated gains, just under local 92.75 resistance.
I expect a break from the Index and swing trader can target 95 zone for their long positions.
The dollar index seems determined to return to pre-pandemic levels.
US minting does not seem to work.
DXY has now exceeded the EMA 200 level and has its approval. (1D CHART)
Too risky to stay in stock markets
DXY expected to rise up to 1st resistance at 97.85 where it could potentially react off and drop down to 1st support at 97.10.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY expected to rise up to 1st resistance at 98.69 where it could potentially react off and drop down to 1st support at 97.63.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
DXY Long Idea (5/7/19) Daily Chart
- Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line.
- I am looking for the lower high to be formed on the overall bullish trend line, so once price reaches the 61.8% fib level and the 4hr disturbance
zone (orange).
- Once the reversal occurs, price will then reach at...
DXY:
- Still in the uptrend channel
- It has touched the support line
- Being in the demand zone
- Touched the .782 Fibo retracement
- Wave 5 is finished
- Bullish Divergence
- Set to form Chyper pattern
Bullish/Long:
-TP 1 at 95.70
-TP 2 at 96.50
Invalid if drops through 94.68 low
The USD bear's are starting to show some sign's of weakness (at least in the short term). DXY has formed a bullish wedge pattern, and so may be ready to start moving higher.
Watch if this setup could turn up again. Will fib 0,618 hold, or closer down to 101-level ?
Normal this could be slowdown in this drop, but also be aware of any more sell and bear-tendens.
Retest of neckline in the "Three drives pattern"-bottom could also be a nice support-level.
99.11 DXY is in my opinion still the make or break line
prices above 99.11 DXY are suggesting still bullish scenario into new highs 2017 - eventhroughout Trump Election
prices under 99.11 DXY are suggesting sharper fall into SellOff Area sceanrio - even while Election Night in nov`16
I can still imagine after yesterdays 1st sharp rise after Trump Election...
Important strategic horicontal lines for day traders
100.50 DXY Yearly High 2016 (before Trump Election)
100.39 DXY Yearly High 2015
92.62 DXY Yearly Low 2015
91.88 DXY Yearly Low 2016
90.20 DXY Opening Price 2015
In my opinion,
these levels are important for technical background knowledge
- even like informations on a memory card. But not important for...
Hello guys.
Rare post from me on Dollar Index, but I've been waiting for my degree count to complete as well 3 slopes to be completed where 3rd slope is in development followed by crash.
This analysis is done on pure JAFR calculations, where DXY constant number is 114.56 and degree count has become greater than this number.
Since I used JAFR predestionation...
