dollar index for this week if it's open up 100.96 will go up. if it's open under 100.41 will go down.
94.80 $ is the target for head and shoulders pattern. if dollar break 99.24 will go down. pattern fail by break 103.65 to up ...
Gold dropped 8.1 points on the day to close below the 8 day moving average. As the dollar rose, gold sold off and finally cracked the 8 day ma. It also closed below the forward adjusted closing price line represented as the cyan line. There is now a high probability that gold will touch the 20 day moving average which is the midpoint of the Bollinger Bands. The...
EURUSD is testing the bottom of a weekly trading range The price held above the 50 days MA line last Friday and as long as it holds above this line there's a chance it'll bounce towards 1.07, 1.08 or even 1.09! The final target zone and the potential R/R are shown at the chart. #Notice - Weekly chart analysis support the opposite way right now (bearish!) so...
looking for Shorts on NU as we are at resistance on 2 major trendlines Looking for a break for the blue trend line for entry
In my mind, the US Dollar is s benefitting from a much needed GOLD correction. None the less, the Bulls have been given a chance to run. Watch for 101 to be in their sights.
Gold continued to move higher today, closing at 1243.1, a gain of 7.9 points for the precious metal. The US Dollar Index $DXY fell today which helped fuel Gold's rise. As I pointed out yesterday, the dollar had closed under the midpoint on the BollingerBand after having tried to break through that line of resistance and I thought that it would move lower today....
Next Target Zone - 100$ Re-test of daily uptrend, psychological level and 2 short term MA lines
Daily close below 98.85 - bearish scenario to 97.85 and next below - 96.40. Daily close above 100.97 - bullish scenario to 101.97 and 103.82
Pivotal week ahead for the dollar. Still trapped in the downward channel but supply zone holding firm. Looking for a long entry with a stop under Thurdays low.
An eventual H&S Pattern may be forming at the US Dollar index. If price gets stuck in a 102-103 area, for me it would be a perfect place to open shorts, targeting 96 zone. Last CFTC report shows Retail traders have bought from the Large Specs while Commercials have increased their position. Normally, that happens when trend is exhausted and ready for a...
A little setup I'm looking at! Whether the news is good or bad I'm expecting this move! Trade responsibly! :D Thanks for the support! :D
Overview - Sentiment immediately changed (...again... I know) from extreme bearish to excessive bullish from traders as we reverted back to the top of the channel. This is especially true in the USDJPY pair. The index and the USDJPY is still clearly in a downtrend. Unless you are eager to get ran over by the heavy weight greenback, I urge for confirmation before...
Pound will be recovering its losses sooner or later. I strongly recommend mid term investment on pund.
Last week the Dollar Index managed to hold its 100$ support zone. The 100$ zone includes structure, trend line and the Fast MA line (in weekly chart). It is also, obviously, an important psychological level. As long as DXY holds above 100$ I see two potential bullish scenarios: 1) Rally into nearest resistance (101.5-102$)to complete the right shoulder in a...
DXY Possible Long Term Direction Analysis