As you kow, on the chart daily above, breakout trend channel will push dollar again....
Chart H4 above will show us for bearish continue dollar........
As you see on the chart above, we have many reason for bearish continue dollar.. let's see...
As you see on the chart above, price back to supply zone (pink box). Seller waiting for break down for bearish pullback..
The dollar index has rallied strongly out of its consolidation to make a bullish breakout about 97 resistance Scenario A) Price holds above 97 to target 99 in line with Fib replacements on weekly chart Scenario B) False breakout and price falls beneath 97
USD/CHF- SELL, Talking points, Technicals: One and a half year high this past wensday. you can see the reversal patterns. Weekly divergence on weekly chart gives me the final check for a Short. Also closed the week under Recistance area Fundamentals: Thanksgiving US Holiday (Thursday & Friday), Liquidity. Sentimental: Retail FX traders are...
As you see on the chart DXY above, last freeday like i said dollar will be break down the strong wall. And this moment still not complete, lets se....
Dollar index SELL, Talking points, Technicals: 16 month high this past monday. you can see the reversal patterns. Weekly divergence on weekly chart gives me the final check for a Short. Also closed the week in Recistance/Support area Fundamentals: Thanksgiving US Holiday (Thursday & Friday), Liquidity. Sentimental: Retail FX traders are...
That may have been it for Dixie, the retrace that wasn't that deep. I now expect to hit 98, and 1.1180 in $EURUSD. 1.1350 was already touched in the common currency, so the next step is down before a big up-move after Thanksgiving and into Christmas. A Euro Santa rally, if you will. Cheers, and good luck. #FOREX
Dixie is sorta consolidating along with $EURUSD dancing around the 1.13 figure. I expect it to visit 96.45 which is a minor .618 of the of September-November run, before getting a bit higher. 98 area is still the cap, though, along with 1.1180 in the common currency. #DXY #USDOLLAR #FOREX
Hey guys, this pairing has re-traced to a strong support line - keep an eye on this level to spot a potential short opportunity. However, you should make good use of a tight Stop Loss as the DXY looks as if it could fall.
Hi guys ! On last friday, DXY hit 96. From there DXY bounced with the NFP results and reach 96.5 before the end of the week. This drop could was the fourth Elliott Impulse wave, and now we could be in the fifth part. The price closed above all the Mobile Average and with Ichimoku Cloud we can see the lagging span above the cloud. Thanks for your time guys !
Bearish divergence on the daily chart is very clear. Also if you check the weekly chart, we had a clear SFP formation which is also a bearish signal. RSI gave confirmation of breakdown when it made a "lower low", this upward movement we saw today is a an opportunity to long the majors- EURUSD, AUDUSD, GBPUSD and NZDUSD. Invalidation of my idea is clear, if daily...
In this chart i draw possible movements of dollar index. In the coming weeks the first move is down to 92 level.
In my opinion we can now expect price to move down. Ofcourse dolar is now under big fundaments (Trump, China, Stock) - these are thing we can not predict and it can goes against our positions. Don't forget to have stoploss.
Aussie dollar recently broke out of a 2 month long consolidation period and its just warming up on larger scale. I will be looking to long any retrace back to the blue lines marked which are key Daily S/R levels and short term target would be the red line. This should be a quick trade as Aussie dollar is not wasting time showing everyone whose the boss!!
Hi guys ! Last week was good for DXY with a run from 95.5 to 96.8. On Friday, there was a little pullback to 96.3. The main resistance is at 97, and if DXY can't cross this one, a double top will formed and it should drop to 95.5/95.6. On H12 (as the chart), the price bounce perfectly on the MA10 at 96.3, so i expect a run to 97 before a new trend line ....