The dollar index is in a pullback from an uptrend on the daily chart. 95 is key support Scenario A) 95 holds and price pushes higher toward 96.15 Scenario B) 95 breaks and ends uptrend for larger drop
DXY extends declines for the 4th straight session. U.S. President Donald Trump said he disagreed with the Federal Reserve’s decision to raise interest rates. Possibility that the Fed might slow down the pace of tightening in response to criticism from the White House weighing on the dollar. Technical indicators are biased bearish. RSI and Stochs have rolled over...
Hello Traders, Long term analysis shows AUDUSD coming into major support. Idea invalidates if new low is made on Weekly time frame. This is not so much a trading idea as it is an overall market perspective. Support zone is defined by my model and supported by structural support.
The US dollar index has retraced from 13-month highs at 96.98. Shooting star formation seen on daily charts and price has dipped below 5-DMA at 96.49. Intraday charts have turned bearish. Price action has dipped below hourly cloud and we see bearish divergence which adds to downside bias. Shooting star formation seen on daily charts and price has dipped below...
GBP/USD fell into what I call a double zone. First falling into the weekly demand zone and within that a smaller time frame (8 hour chart) demand zone. My entry was at 1.3105 with a stop market order in at 1.2699. I've decided to risk 2% of my account size on this trade and looking to take off 2/3 once it hits 3:1. Dollar has been very strong recently so I may be...
The Dollar has clearly started its larger agenda, with wave 1 of a very large degree iii of 3 (Very Bullish) nearing its completion. On the lower degree level an internal wave iii of v looks to be complete with the iv starting. A choppy wave iv and v should still be to come for the completion of the wave 1 which leads to the next main move being down in wave 2...
The rally in the dollar creates a headwind for #bitcoin as dollars become more valuable against cryptos. In addition, this dollar rally puts pressure on the economy as the financial economics start to tighten. Will continue to monitor prices from here.
DXY index broke 98.86-94.91 zone and also the head and shoulders pattern neckline. now we are going to see higher moves for dxy index.
Dollar breaking out of ascending triangle bullish wave 3 breakout 97.65 second target is 99.28
DXY – Daily Resistance & Support: Resistance: 95.00 / 95.50 / 96.00 / 98.00 / 102.00 Support: 93.90 / 92.85 / 92.00 / 91.10 / 90.00 DXY – Summary: Expected to commence a Bearish Impulse at or around 95.00 or 95.50 Levels Bullish Impulse expected around 92.00 / 91.00 Levels
There's a little bit of deceleration going on the dollar, if we cannot break to the upside I see a serious sliding to the "long term trend". So I'll be watching USD/CAD USD/JPY EUR/USD & AUD/USD very closely. There's some BIG opportunity if this happens. Remember this is a Swing Trade! this will not happend a day or a week from now, we need this to develop and...
short at 95.35 tp-94.01 stoploss -95.70
As you can see, there would be a classic inverse head and should pattern on DXY chart. Also daily chart has a distinguished divergence on RSI and MACD.
This may be my second or third time analyzing the dollar index, so bear with me on this latest go. Looking at the weekly chart, especially in the last year or so, we see there is strong evidence of a reverse head and shoulders, only that the left shoulder is still to be formed. But, the reverse left shoulder aside we still have another strong bullish indicator,...
I've been writing about the option of a bearish correction wave in DXY in the recent weeks. Last week's stop hunt leads me to think that this time it will break down and continue towards the 200 MA line. All it needs now is to break the short term support....