$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.
Update the DXY looks strong for a move up to 102 area. And hopefully dumps after that.
Previous Close: 100.75 Upward Bound: 101.77 Lower Bound: 80.07
Hello Traders Here is my view on DXY. We still in an uptrend as price trading above the trend line, 50 EMA and now pulls back to resistance turned support. Price is approaching AXIS POINT , this is a confluence area to hold support, however we cannot predict the market but react to it. It price happen to break this area we will look for new opportunity to sell,...
Expecting downside move double Top and Big BearFlag Pattern forming. ThankYou
With dollar index dropping due the huge amounts of money printing, Gold seems to take off and currently testing the 1645 resistance. If it managed to break it we should see a retest of 1700 in the coming days.
DXY analysis for next week - Price OverBought. - Uptrend is the main trend. - The price rises above prev / monthly high.
The dollar index is within breathing distance of a crucial level witnessed only twice since 2003, A break above this we are into new territory.
NEWS IS THAT EXCUSE TO MOVE THE MARKETS. WE'VE SEEN A BULLISH MARKET FROM 2014-2015 AND A VERY LONG PERIOD OF SIDES WAYS MOVEMENT (ACCUMULATING). THE FAKE OUT TO THE UPSIDE CAPTURED LIQUIDITY (POCKETS OF MONEY) THEN EXPANDED TO THE DOWNSIDE, WHERE YOU SEE ANOTHER CAPTURE OF LIQUIDITY. ON THE BROADER PERSPECTIVE, THIS WAS JUST A MOVE TO TAKE THAT ENERGY AND REVISIT...
Dollar Index will increase in the near future There are many reasons for the possibility that the next USD will increase
looking to Short dollar at a daily supply during fomc press conference in 30 mins
DXY broke to a new low. I see this as a C pullback for a D leg to come. I see a good sell entry @ 98.65 TP1 would be 127% around 96.65 TP2 would be 96.25 zone TP3 as low as the wicked price June 25th this year @ 95.85 A "secure some profits along the way" pull would be good at 97.25 What do you think? Please like and comment, as always trade safe manage...
We have a trendline, we have a support and we have the FED which said, no planned interest rate cuts for 2020
According to the bad US data the Dollar Index faced down movements the last days, BUT, the job news from the last days have been good! There is a high chance that we will see a good NFP for the Dollar, so this would drag EU down. I am now bullish for NFP.
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