Decided to make an update on my last plot of DXY from 24th Aug '17 (chart below). So far, everything looks good!! We are still in F -> G move I'm expecting price continue to move up until December 2017. Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp. XAUUSD (gold) will trade in opposite...
Last week price pulled back towards broken resistance area turning support at 94.030. We see this as a correction pointing to further advances as still being the higher probability move.
Dollar Index (DXY) – Bearish Minor 5 – Trend Continuation Dollar Index (DXY) bounced off the Reversal Area pointed out in the previous “Dollar-Index-DXY – Market Crash Road Map – Full Elliott Wave Cycle” and commenced the Corrective Pattern for Minor 4 (red). It seems like the Dollar Index (DXY) is approaching what is called the “Golden Section” in Elliott...
IVE DECIDED TO POST FREE TRADE SIGNALS FOR A WEEK. YOUR WELCOME. THE FOLLOWING IS WHERE THE TRADE WILL TAKE PLACE FOR THE SELL HEADING TO WAVE 5!!! USDSEK SELL STOP ENTRY - 8.37 SL 8.46200 TP 8.04 TP 7.88 TP 7.65
IVE DECIDED TO POST FREE TRADE SIGNALS FOR A WEEK. YOUR WELCOME. THE FOLLOWING IS WHERE THE TRADE WILL TAKE PLACE FOR THE SELL DXY SELL SELL AT -94.700 SL 95.55 TP 92.59 TP 92.30 TP 88.17
It seems like wave v of (iii) is going to take the form of an ending diagonal pattern.
Looks like DXy has completed a head and shoulders reversal pattern. MAs crossed over. MACD in bullish momentum. Could go test 96.60 (200 day MA) and go beyond to 97.50ish
We start the week with price having rejected from the previous area of resistance turned support at 94.030 and is now looking to test next key resistance at 95.270. Next major resistance to the upside after 95.270 sits at 96.695.
The last local high is likely going to be broken soon.
We start the week with the USD Index above key resistance of 94.030 hinting at further advances in the USD Index. A pullback and re-test of the 94.030 will provide a great chance to look for Bullish formations and patterns towards the target and next key area of resistance at 95.270
New Daily demand zone being created on Dollar Index around 94. Weekly supply level eliminated, long bias at Daily and Weekly demand levels
Good day, All! The daily bearish DXY project is currently forming. Once point 5 is shaped, it can provide quite an interesting short opportunity. If this pattern works, it may also signify the continuation of the major bearish trend which started back in the beginning of 2017:
DXY forming inverse heads and shoulders on the daily time frame, looking to extend to 96.30
I expect the USD will appreciate in 2018, which may subdue the appreciation of BTC.
Looking at the technicals, DXY has attempted to break the fib line more than once. If you look at USD JPY it has tried to penetrate the 114.40 a few times. We are not far from 114.40 again or far from 94.00. If DXY breaks 94 and USDJPY breaks 114.40 then great, on we go...
We start the week with the USD Index above key resistance at 93.455 leading to a Bullish bias in this market next week. A failure of resistance would pave the way for a re-test of support at 92.635 however as long as we remain above 93.455 we will only be looking for longs in the USD Index next week.
A retracement of 61.8% Fib. Retest of the Trendline. Expecting a break to the low level