Last DXY shorts bring us great profits, depends on how you managed your trades.
I closed all shorts just before ECB meeting, right on Time, because I needed GOLD to drop and had a feeling ECB can give some strenght to ...
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 ...
Fundamentally: rising interest rates, higher inflation expectations and a rise in US yields relative to other major G10 currencies should continue to drive the dollar higher.
Further into 2017, $10 trillion of off-shore dollar denominated debt is massively bullish for the greenback.
Technically: The dollar index ...
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 ...
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 ...
The following prediction for the US DOLLAR CURRENCY INDEX is not based on the election results per se. In fact, what I want to show here is that the chart has already determined which direction it will go regardless of outside interference. I expect the election results to act as a catalyst towards ...
The DXY has been very bullish recently. The level around 100.65 has held as support several times by now, so it is a good opportunity to get long. First targets can be around 101 and possibly to ride it to 100.50-100.60. Stop should go under 100.50, which gives us nice risk-reward.
DXY Technical Strategy: Keeping bullish outlook but temporary correction due
Elliottwave Count: Nested impulsive count, wave 4 correction is due
DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 ...
Dxy trading on month high as Techincal Resistance seems around 102.8-103 level that just a normal Resistance if it Resist it a correction till 100.8-101.5 expected but if ignore that Resistance then no Resistance on monthly chart till 107.
Expecting before 99 DXY may touch 107-108 level.
price has been in pullback mode for a while. Its now back on Important Trendline, which could encourage upward momentum.
theres important BULL tests to go through. .
but overall, I have a LONG Bias. On Dollar Strength momentum.
$102 looks technically possible. FIBO bounce on 0.50 to even 1.382 level.