I think DXY just goes in for a re-test of the 200 ema, then fails for a double bottom B4 testing the 102 area again, then ultimately rolling over heading down to 89..
We are start buying USDollar Index from this strong support zone with low risk and high reward follow us for more update we appreciate your likes and comments
The multi-timeframe analysis for DXY shows the short term bounce towards 98.80 before heading lower towards 92. Following is the step by step break down of the analysis from higher to lower TF's: MONTHLY: (1) Bearish due to bounce from the long term down trendline acting as resistance. (2) The bearish divergence comes in play between the leg 3 & leg 5 of the...
It's seems that we're at the end of wave B correction. the best trigger for entering the trade is shown in the chart. Another thing that is showing us the end of up trend is RD- in macd.
As you see on the chart H4 DXY, this pair still going on the track for rebound after deep downtrend....
DXY is rolling downward for the last couple of months. The technical analysis hints for more weakness and bearish target 94.65 1. The price is moving in a descending channel 2. Currently, it's trading below the key resistance of 97.20 3. It may bounce upward for a short term from the Fibo Extn.100% at 95.80 due to oversold condition + bullish divergence coming...
The dollar broke out of the ranging wedge to the downside could see a nice pull back. Im still short on the dollar and could see other pairs against the USD keep rising
I'm thinking this is what we r working with. After all stimulus from Fed & Trump degregulating Wall St, dollar demand should tank into June, July. Then maybe a LH put in vs the overall long term trend B4 finally the DXY heads back down to .88c This fits well with my oil longs crypto longs and overall bullish sentiment..
Dollar Index can Cooldown and test the channel support again
A lot going on in the chart, but it's pretty simple. The GBP is rubbish, and the USD is strong. GBP broke out of the downward trend, lost it's buyers, now sinking. Trying to break above the level I've circled, lots of indecision, but no break. US Dollar chart shows strength, GBP is fundamentally weak. SL set at where the idea is wrong, the start of the push...
#DXY update this is probably why a pull back in markets r happening today I think down we go 1st which should give another solid push up b4 the dollar pumps again
Hello TV, looking to take a long here on PGSVY I had to zoom in b c the chart is so gappy but the next gap to fill is around .98c. With the dollar looking for support B4 the next bounce and WTI in the upper channel looking to test $43 this looks like a nice long scalp. The risk is pretty low with a SL around .24c if things go bad. You don't want to be in below...
#DXY & #VIX trying to make some sense out of these moves in the dollar & #vix, looks like the #VIX has to decide break up very soon or this falling wedge fails , #DXY is range bound coiling up for the same decision, looks like now or never IMO
I over laid the VIX because their is a big divergence right now but I think the DXY & VIX will meet again in June and they will both be going up
The Dollar Index failed for a forth time on Friday to hold above the 78.6% retracement level from the recent down swing and closed out with a typical Doji looking candle. This suggests we might start to see some selling action but please note that last Monday ( May 11th - Green-line should be pointing there ) the markets starting fleeing for safety and buying the...
$dxy at established long term weekly/monthly resistance here, as I've highlighted previously. Real Vision ppl believe Dollar's skyward bound. Hard to see that happening outside of a blow-off-top-kind-of-scenario. For now, in my book, its The Hoarders vs the Printing Machine. Smackdown time is coming, sooner or later.