In closing week we are seeing a partial weakening of the dollar against all major currencies, I consider this the correct swing as a simple pullback that does not affect the main uptrend. STRATEGY: Sell on each bounce. I do appreciate all views be it a like or comment! SignalSuisse
#DXY Dollar seeking support in fundamentals Again the dollar depends on limited data that indicate the direction of the US economy, home sales and durable orders this week; consumer confidence, GDP and manufacturing PMI next week. For this week the forecast data may not be very encouraging, the dollar is could keep under the range of the moving average of 200...
Eur vs Usd - 1 months Long-term view 1.0450 main support . The break of support with the closing of the the monthly candle inside downward channel push the cross to parity by June or at the September 2015. Trade from 1.0450 - Area of earnings up to a minimum of 2001 , stop at max last month ( March 2015 ). The FIB retracement from top 2014 seems to confirm the...
Ahhh so many lines! I know. So I'll keep this short. Maybe I'm wrong with my conclusions here, but the charts and facts make sense to me. I can't tell you when a crash (slash the next 'correction' to be PC) will be...but I can show you how they're engineering things in the US equity markets without QE $DIA (to compare industrials vs. broader market a la...
Lately I’ve been hearing the word deflation everywhere, in the financial media, mainstream media, local tv stations and newspapers. It seems that deflation has entered the mainstream and even the proverbial shoe shine boy is talking about it. To me it looks like there’s a trade in there somewhere. To avoid basing a trade solely on anecdotal evidence and my...
Fellow Traders, Few signs that the US Dollar Index is at resistance. 1. RSI on 4H Chart is at 85.5 which is a resistance level that has previously been rejected off. Twice. 2. Price has extended to a 1.414 Fib Ext level, which is a common level for profit taking and thus potential resistance. Tread carefully with this in mind as you trade pairs associated with...
As we have seen in recent months, most interventions of Chair of the FED have been the starting point for an upward trend in the dollar, which reached its turning point after NFP employment data. In his last speech Janet Yellen hinted that a change in short-term rates depend on more solid data on the labor market and its influence on inflation expectations, giving...
I'll mark myself down as long more as a technicality then a true conviction. In my opinion the charting suggest this is bullish, but I like to interpret our break through the multi-decade wedge resistance as a critical point (yet to indicate a particular direction). Despite every suit on CNBC calling the fall of the dollar, I would argue on a historical basis were...
Since 2011 all time high in Silver and Gold, many analyst have been challenged to fully appreciate this correction to date. Some Bulls have been perplexed with fall below support in 26 area. Likewise many Bears have the initial decline and after some retracement are expecting it to drop to much lower level along with gold which they postulate could drop for...
Dollar might go down, It doesn't seem so bullish anymore. Going long might be a bad idea unless it gives a confirmation. Betting against the trend is usually not a good idea. But always try to keep in mind that the trend might have been reversed
Going long on the Dollar Index might be a dangerous move. We have seen a nice bull run. A Parabolic move that could come to an end. Fib Spiral credit ---> Kazonomics It is an idea. Against the trend is not always a good idea. The trend is your friend. At this stage greed is taking over & it would be perfect for the banks/institutions to dump.
If you are considering entering a trade that attempts to predict the a top of the current US dollar upward trend, it's important to keep in mind the historical context of its recent strength. The US dollar is still relatively quite low and has a long way to go yet before you may call it expensive. I would advise against betting against the USD until we have a...
The dollar went parabolic on the assumption the Fed will hike interest rates. This is highly unlikely on several fronts: 1. Key economic data has been mixed and deteriorating. Higher rates will finish off the housing sector, kill the borrowing mentality of the American consumer, and dry up what little financing that is going on. 2. The serving of current public...
Measured moves shown on chart. If 71 holds then 78.50 and 82.50 are next upside targets
Break out on monthly chart for the dollar index On the link to related ideas - the bull flag took it's time.... but finally broke out - all cried out. Safe trading @BLawrenceM Music at work: www.youtube.com open.spotify.com open.spotify.com History: www.loc.gov
DXY punched through the wedge on fake breakout reaching just over 81.50 but back inside wedge, failing to make new high above 2013 Q4 highs. A ret. is likely before any attempt to break higher