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US Dollar getting ready for the next big move to the upside. It has been in a uptrend since May of this year, last big move happened after election day retesting the 50EMA, breaking the resistance trend line and 100.25 resistance that has also been resistance since March of 2015. Then found resistance on 102.00 for a pullback since election day. It already...
Talking Points: DXY Technical Strategy: Keeping bullish outlook but temporary correction due Elliottwave Count: Nested impulsive count, wave 4 correction is due Analysis DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August...
we see divergence after strong impulse and unexpected elections so now i expect correction for the usd to the phycological level 100
Dollar bulls have managed to clear the massive resistance at 100 which had halted bullish surge twice before. Now a 7-point range is broken which gives us a target at 107 for this bullish rally. Good luck, Ali Sharifazadeh, CFTe
Many people say if trump win, USD will bearish. but why USD keep strong bullish until now? this is the answer! in technical, dollar index status in USA election is going to wave 3 secondary bullish. look at my chart. right at trump win, market suddenly going bearish, but its just to fullfill wave 4 minor. so dollar index status now will bearish going to wave 4...
Good for scalpers & Intraday traders: DXY Dollar Index short time frame after TRUMP up & down INTRADAY. 50-60 pips down & up again. If price is gonna up 99.01 break with SL. For any questions, just leave a message.
Hello Traders, 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 targets defined and not the other way...
Dollar Index is no doubt respecting this bullish channel obediently. We are now expecting a retracement back to the 97.55 and potentially 96.55 area for another buy setup.
PRICE maintaining form, as NEWS keeps coming Just observing things ...
It could happen! Happy trading!
With a mixed US data last Friday, we saw the Dollar Index coming back down from the week high at 97.12. Price is currently still trading in the key level of fibonacci and resistance area. As long as price can't break the 96.81 level, we can expect price to reach lower towards 95.88.
In this daily preview i expect US dollar will move to 85-86 levels until end of 2016. Best regards.
With the Fed holding interest rates, we are still seeing the Dollar Index being supported by the 95.21 support level, and the bullish channel. Key level to keep an eye on is the 96.80 area where we might see a potential rejection.
DXY Dollar Index, after V-Projection, it could turn down again, to 94.9x Area.