It will want one more up I think. This is not a investment advice. Take care.
The dollar index on the daily chart you can see that we are now in a key area where it is testing resistance from February and November 2015, due to recent results from the US raising interest rates this has caused concern for investors and we have seen a big sell off, I believe we may see a big sell off again after the pullback to 99.26 0.382 fib or even gain...
buy dollar index for good risk reward ratio
After pull back to 61.8 % Fib I am looking at the price to break above 101.95 to go long 102.8 Alternatively bearish below 101.3
94.80 $ is the target for head and shoulders pattern. if dollar break 99.24 will go down. pattern fail by break 103.65 to up ...
In my mind, the US Dollar is s benefitting from a much needed GOLD correction. None the less, the Bulls have been given a chance to run. Watch for 101 to be in their sights.
From a technical standpoint and based on previous price action. I have to conclude, the Dollar Bulls are heading themselves to a slaughter by the Dollar Bears ...
DXY is in a bearish channel since dec 20. Expect a breakout of the channel this week (move up). After move up expect a quick surge down to take out the stops at 99.40 Or vise versa: take stops, then surge up. Update tomorrow. Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)
Daily close below 98.85 - bearish scenario to 97.85 and next below - 96.40. Daily close above 100.97 - bullish scenario to 101.97 and 103.82
Major old supportive trend line touch, stops above it. Thank you!
I think we are seeing a real shift on geoeconomy. Follow the evidences: - FED promises THREE rate hikes this year - The change of the geopolitics towards a USA-Russia simbionse - "Economic emancipation" of China. (The nationalization of the world's mass industry). - The End of BRICS (as we know it). - The maturation of Euroland and Asian Tigers. - Rejection of...
Expect DXY to gain some strength in the first part of the week (100.75 - 101.00). Midterm i think DXY has still some room to drop.
This is a wild (educated) guess with the Trump inauguration in less then 24 hours. However this is what my analysis shows. Limited retrace, then move up to 1.02.