No any strong sign to short DXY yet... wait for daily closure to confirm if daily close strongly above 95.00, indicate a good bullish momentum still in the market. otherwise a spike above 95.00, indicate a weak bullish momentum start happening. Market will swift away around. So be careful with shorting too earlier... Aim for better entry price.. overall DXY is...
Daily candle closed bearish, we could see a little pullback and then continue the bearish movement until 93.50 region
Hey traders! Hope you're having a good day wherever in the world you are :) So today I bring forth to you the dollar index which just doesn't seem like it doesn't want to give up it's monstrous run up in the past few weeks... until now I hope. I've drawn in what I think might be a good area of resistance and you know what that means. Time to look for shorting or...
On chat today, DXY looking finding support at 94.50 level & resume back its way to north. Its Monday, after London Open, price went retrace slightly. to 94.50 area again. Anticipate when NY open today, to see price resume its way back to north. If other way round, price broke 94.50 and going south to 94.20. So let's see what move next.
After a long term rally price has developed a head and shoulder pattern at a key resistance level. To be more specific the upper quartile of the median line in addition to revious structure create a key resistance where the pattern completes. We already may see a rejection candle at the right shoulder.
Dollar to rally up to touch 95.00. Fundamentals are showing an aggressive growth in the economy in terms of todays release of PPI. Will post updates on this.
I am looking a a possible Head And Shoulders formation on the Dollar Index. Should this setup unfold as I have it here, the target happens to be on a perfect retest level as well. Simple and clean setup which could give some good direction on some other pairs as well. Contact me via direct message for any assistance required Happy trading! Linton
Not so often there are days when you can say with almost 100% certainty that this is a day of great movement. So today is just one of those days. Too many crucial things happen on this Friday. First, the US tariffs against China ($ 34 billion) since today are reality. China, in its turn, introduces counter tariffs. In fact, this means war. Especially because...
The risk of falling prices due to the development of a ending diagonal pattern
I see a nice bullish flag pattern has formed, price has broken the shorter term exhaustion to the upside and we can continue to see a stronger dollar with the push
Hi guys, looks like we couldn`t close higher then our strong resistance line a couple days ago. Now I think that we are going to challenge the SMA 50, we may find support earlier at 93.20 $ (the latest bounce to the resistance line). Lets see what happens !
It seems like we're going to have the third wave inside the fifth wave within the next few hours.
It looks like the there's a second head and shoulders forming on the U.S. Dollar index. This comes with all the news with the potential trade wars and the GLD ETF is starting to look bullish with new higher lows which only bolsters the evidence.
DXY Weekly Idea Wait for confirming whether break zone line or not. Case 1-> Break zone then placing Long Case 2-> Not break zone then placing Short
Dollar Index is at Downtrend don't forget it! Also Time Cycles are so obvious!!!! Time period is 16 years. It is time to short US Dollar....Big investor said that time rhymes.....For long-term short US Dollar...News are for losers!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!