good fibonancci levels ... waiting for completion
US Dollar index Engulfing patter will probably be confirmed by today's price action. In case if we won't see the Upward continuation today, then the 93.50 target is likely to be reached within a couple of days, meaning Selling USD intraday, buying "others".
The price has declined and is probably going to brake another support level today (must be closed beyond) details on the chart
DXY has been consolidating and leaving little clues as to which direction it is likely to follow. The Elliot Wave counts on the chart show 3 potential counts all of which are viable counts. Triangulating price action by any asset class is always tricky and from an Elliot Wave perspective it exposes the subjective nature of this discipline. Below 96.17 sees the...
For the first time since June 2014, ADX ticks up while bears gain strength. This hasn't happened since June 2014. Back then, price reverted back to the upper Ichimoku cloud boundary. My medium to long term outlook is SHORT, but I wouldn't be surprised to see some more spikes up before it really takes off. For me, this is a likely start of a major trend change in...
The euphoria seen on 16th March is exactly what's needed to create a divergence. . We've a bearish divergence in RSI too, breaking away from the trend since May 2014. A pullback to 94 seems likely at this point.
with overwhelming bearish momentum and good risk reward shorting here is a good idea.. no description needed
The dollar index is currently in a range, trading between the 93.50 to 95.20 level. A break above the 95.20 would confirm a further upward pressure on the DXY. On the other hand, a break below the 93.30 level would confirm a downward pressure towards the 92.50 level. Subscribe to the Trade Plan Preview at www.fxpipsology.com to receive more patterns with defined...
Last Friday NFP data were positive, sending the dollar further up north. The 95.00 to 95.20 level currently serves as a resistance. We do have a potential Bat pattern setting up around that region too. Should price break and close above that level, it would highly send the dollar higher up. Subscribe to the Trade Plan Preview at www.fxpipsology.com to receive...
Be careful with usd pairs. Use right money management. Do not trade until you have a clear signal.
$DXY shows a break above a resistance level this week, but it has approached a potential resistance at the top of the channel seen on the daily level. We might see some consolidation back below 91. Something to bear in mind for shorting oversold $EURUSD $GBPUSD
Instutional orderflow will be down People will invest because the dollar is going up, so expecting people to invest in 2015 wich makes it perfect for the banks/institutions to dump the dollar. Offcourse the retail (normal) traders won't close their longs & will probably add to their positions, wich makes it great for the banks to dump
The US Dollar Index has been rising strongly for most of this year, coincident with a major decline in broad based commodity indexes. However, we are currently seeing signs that the current price level may be the end of this strong run and lead to a major consolidation - likely coincident with a rally in overall commodities. This chart shows the daily Dollar...
DXY - possible up to 90.xx - but then the DXY could implode in it self. This has more than a lot of technical reasons: macroeconomic - market economy and the geopolitical conditions, both act important parts. This is only a first rough overview - we have to wait for the completion of the patterns.
Previous tests of this level were rejected. FED Reserve has said they don't want the dollar to go too high. I believe a shorting opportunity may be near.
MACD and RSI suggest a short term drop in dollar index.