In the DXY, it currently looks like we are in the last legs of the downward movement. Here, an implied EDT could be developing as a white v of the red (c). Thus, a downward wave would still be missing. The ideal target, the 1.00 extension, of the pink Y would be fairly close to the trendline drawn below. However, for me, a close below the last low would be enough...
As you can see, the price is stuck in a corner, and The price is supported by a rectangular supporting area. A confirmed positive divergence is seen in the oversold rsi oscillator. Resistance number 50 is broken in rsi and we have golden cross in tenkan sen and kijun sen below the cloud be wise!
DXY still Bullish but will reverse this week between 91.2 and 91.78. We mus excpect more 1 or 2 days bullish, after will reverse.
Monthly Chart of Dollar Index is looking good at current levels. Trendline Support Price action based strong support
Dollar Index - Daily chart - Bullish breakout setup looking to enter don hourly pulbacks.. Selling other majors on pullbacks for 200-300 pips target.
Our updated small chart with possible scenarios, according to my analysis.
Clearly on a descending formation now, 3 levels of support on our updated chart and MOST IMPORTANTLY: Jerome Powel will talk in a few minutes. Get ready, expect volatility, trade! Prognostics: I am 61% Bearish on the dollar at this very moment
We are approaching the .5 line on the Fibonacci retracement. This is a DECADE long Fib! In my opinion, if the Crypto markets want to continue moving up, the DXY must break the .5 level! If it double bottoms and starts moving back up, the crypto markets will be put on hold. However, I do believe it will break. There was a DEATH CROSS on the weekly chart mid...
Our updated Dollar chart. Close to major resistance again. Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short: no inflation, dollar is doomed...what happens to gold then? it goes UP high inflation, dollar goes down and therefore people tend to hold money in the form of gold (and btc). Therefore, in...
Well guys we will find out soon, on Wednesday. Last Friday we were all bombarded with headline news for poor jobs (NFP) but we did not neglect to take into account 2 things: a. unemployment rate dropped (good for dollar) - important b Average hourly Earnings rose by 0,8% (vs 0,2% forecast) - VERY IMPORTANT!!! Why was average hourly earnings so...
✅ We will utilize the dollar's strength or weakness with other major currency pairs and will scalp them
Doji + Engulfing Bullish candle + continuation and Bullish divergence on a key level. This is how the last week closed and remember that Fed about to print more paper money, this could be dangerous for Bitcoin in the sort term.. set your stop loses on previous trades
Dollar rebounded off 89.56ish and rallied hard today. If it breaks below 89 we will see a plummet to the mid to low 88, I believe. I think 2018 is a good benchmark for current DXY behavior, and what to look for in the oncoming weeks. But what's concerning, in regards to the dollar's current trend, is the length/duration of 2018 decline is shorter than current...
DXY ~93.50 has been broken on the downside. The two key remaining support levels to watch are 92.75 and 92.50. If these are both taken out, then lower lows below 91.75 are highly probable. If they hold, higher highs above 94.80 are still ahead. This is important for precious metals and miners, as they have been highly correlated on an inverse basis to this point....
The U.S. DOLLAR CURRENCY INDEX is consolidating at the last line of support. After the buy signal will come, i will long the breakout. I seems like a simple trade! Please leave me a message if you want to test the buy and sell indicators that i am using.
Its not rocket science, its pure math. History doesnt repeat exactly in the same way, except with fiat, with fiat always ends in the same way, doesnt matter how powerful the empire is. You can't print +25% of shares in a year and expect the value going up in an asset with +100 years of history. When US dollars were based in a scarce asset like gold the math...
Time to attempt a Buy on the dolalr guys. The 'not-so undisputed these days' King is right on a MAJOR support level. Will the Feds give it a boost North? Or will it sink further?