It looks still different for EUR.USD, but the confirmation could come under 1,16.
U.S. Dollar Currency Index Analysis 29 October 2020 DXY is currently ranging between the 3 Month Level of Supply Above Current Price & 3 Month Level of Demand Below Current Price TVC:DXY
Buy $ DOLLLAR $ , SELL GOLD AND OTHER PAPERS Cash
PRICE HAS BEEN ACCUMULATING FOR THE PAST 3 MONTHS, IN AN AREA WHERE ON THE HIGHER TIME FRAMES, LEFT AN IMBALANCE IN PRICE. BELOW THIS AREA OF IMBALANCE WE STILL HAVE MORE PRICE INEFFICIENCY IN THE 80'S PRICE RANGE. PRICE DID IT'S THING AND HAS TRAPPED BREAKOUT TRADERS AND NOW, THE EXPECTATION IS TO SEE PRICE MOVE LOWER TO FILL SOME OF THE INEFFICIENCY BELOW....
I expect DXY to bounce from here @92.6 targeting 94.9
Hi trades, Watch your lower time frame for your sell setups. If the price will aggressively break to the upside this setup will become invalidated. So keep an eye on your lower time frame for sell setups. I do anticipate that the price will be keep falling until the 3rd of November - USA ELECTION. After the election we can anticipate a DXY Dollar index to rise.
Will we see a rally up to 95.50 after a test of 92.70 area?
Dollar index chart mostly positive at the moment , price close to very strong support level. Remember: dollar might be 'dropping' in value but when all currencies drop does the dollar drop more in comparison? We think not!
The Dollar index corrected the first leg up and is now trading at confluence support. I expect a new leg up for the index in weeks to come and my target is 96 zone. Only a break and a daily close under this support would chance my bullish outlook
INDEX:DXY Update for DXY...After "No Stimulus 'til after Election" triggers market to buy $Index(DXY). Previously, as linked ideas, I had called for a DXY bounce at beginning of September. DXY proceeded to bounce from its 2011 Long Term upwards trendline, retracing to the 23.6% Fibonacci level($94.40) of the March to September drawdown. From there I forecasted...
HELLO EVERYONE Here's an idea on the DOLLAR INDEX that has seen seen some bullish moves in the last couples of weeks after a bearish trend since march. the INDEX broke the 50 M.A and is currently trading above this level. most of the details are in the chart so hope this idea assists in anyway on your trading of the index. LET'S SEE HOW IT GOES.. HAPPY TRADING...
hello traders you can sell now and your eyes are closed do not miss it guys and good luck for everyone...
-DXY consolidating near supports. -With lower RSI. ( Can look for a pullback from here)( SL advised).