The most important asset, the world's exchange currency, the United States dollar. Our previous chart and calculated support has been working perfectly It is now highly probable that in the next few days we can experience the dolalr rising against other major currencies. Especially against eur, jpy and gbp Our small chart will follow to make things clearer...
- we will scalp USD Pairs using the dollar's strength or weakness on the intraday chart 🔔 The 89.00 zone will provide week support for other pairs but it doesn't have enough strength to hold a sell for a week
Price being accumulating bunch of orders for days... time to break that lower trendline and shoot up next week! buckle up! tonne of trade opportunities lines up.
The bullish and bearish trendlines as we currently stand. Bulls will tell you that we have broken the white resistance and are going sideways before a move up, citing higher lows since (90.0). Bears will tell you we are continually being rejected off the blue line, and are still in a strong downtrend on higher time-frames. PERSONALLY I tend to agree with the...
Hello to all, DXY came to a demand zone i think. Thus we could wait a bullish impulse from this zone. The price is moving between 78.6 and 88.6 of fibonacci levels. May be it want to test the 88.6 level at least but in every situation i'm waiting the bullish move to 92.50. At the same time i see a bullish divergence on RSI. Price is making lower low bottoms but...
1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?) 2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level ) 3. Next inflation data (Dec 10) and trade balances will be crucial data 4. Dollar price will affect most of your trades: - metals...
1. Dollar is looking for direction (will it bounce off this level or will it drop/ and how much?) 2. NFP tomorrow is HUGE data coming out and will push Dollar over or off the current level (price is now on a crucial support level ) 3. Next inflation data (Dec 10) and trade balances will be crucial data 4. Dollar price will affect most of your trades: - metals...
Dollar Index is on edge of broken pitchfork, next targets:110 & 122. At my previous idea on DXY the bullish diamond pattern is formed. Cancellation of idea in case: If the M bar closes below the red level 0.618, then targets 78 & 62. Go green! ;-)
Dollar Index chart shows bullish Diamond Pattern . Prepare for new trends on all market instruments.
We are Buying, simply because that's what our chart is telling us.
Market is at the bottom of a Bullish channel and is forming a bearish dark cloud cover on the weekly Prior the market formed a bearish double top but failed to hold. Market found a strong level of support at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at the bottom of the channel. I expect the market to...
Looking at 12 year Up-Trend on DXY we are now facing either way on coming near term months. Rejection could keep the consolidation A break and close below TL could test 88.2 This is a big picture for DXY and its situation and keep in mind 1 month chart has huge gap. Thumbs and Thanks,
Dollar index did not drop further despite the stromg 'sentiment' within traders in the last months. You can also check our previous idea, asking 'why are you all selling?'', where we were proposing a buy and indeed the price did rise.
The elections proved what we already knew. Trump’s re-election would be good for the dollar, at least in the short-term, whereas a Biden win is distinctively negative. Why? More stimulus is great for stocks, precious metals—everything except the dollar. Both Trump and Biden planned to massively increase spending, but Biden is expected to spend so much more than...
DXY is USD Currency index. The chart is clearly bullish, therefore more USD will come from the same basket of currencies. Thus, USD value will continue to drop. I suppose this is not news to anyone who has been following the news and in light of all the money printing byt the fed reserve. Anyway, Fibgoals are where they are. Not financial advice.