POTENTIAL TRADE: U.S DOLLAR CURRENCY INDEX (DXY) The U.S dollar strengthened today, we observed very bullish momentum. Equity markets also surged with Wall Street's Nasdaq index hitting a record high. This is all due to the fact that investors took heart from China's effort to minimize the economic impact of from the coronavirus epidemic. Below are some stats on...
Non Farm payrolls are coming this Friday. So far the channel in the Dollar Index is broken and retested. Expecting continuation to the down side. Good Luck!
My overall bias for the Dollar Index is bearish. Let's see how this play out though.
Hi there. Price is moving impulsively to the downside. Wait for the price to form a continuation pattern and watch strong price action for sell.
We can open Sell under the Support/Resistance Zone. Reasons: - the price can bounce down from $ 12353; - it was four such bounces in the past with good risk-reward ratio; - potential profit will be 3 times bigger than the risk. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
Dollar index is expected to go down a little bit after a day or two. Id the downward movement continues, we can expect good correction to the downside. Hit the like button and drop a comment of you enjoyed this analysis.
Overall the dollar is in a larger bull market since it bottomed in 2008 at 70 with a second test in 2011 Today on the weekly we are consolidating and getting ready for a leg up to continue the trend. There are several things going on; 1.We are in the apex of a wedge starting in 2002 for the upper line 2.We have put a head and shoulders pattern on the daily with...
Hi there. Price is forming a reversal pattern to change its formation. Watch strong price action at the current price for sell.
looking to Short dollar at a daily supply during fomc press conference in 30 mins
After breaking above the bullish wedge, dollar index has rallied ending with 5 bullish candlesticks. The index is now close to a strong resistance which most likely will send the index to re-test its previous support. This inversely may be a rally for USD pairs N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
DXY has been on a strong downtrend since the early September top. Last week this downtrend broke to the upside and with the 1D chart turning bullish again (RSI = 62.141, MACD = 0.060, ADX = 22.482, Highs/Lows = 0.3161) we are expecting a new bullish leg towards the 99.10 - 00.60 Zone. However there are two dark spots we need to point out: - The first is the 1D...
Just looked at the daily chart, seems that we could be on the start of a new down trend Too much news coming out of the US: Sino-US trade war, Presidential impeachment, Iran bombings etc etc I just look at charts these days
so very interesting level so after some bearish momentum and looking over a the DXY this still can move lower and would line up across the index for the dollar to gain strength for next week to around 98.55 if this is correct then this would sell off and line up with a strong double bottom to then buy this pair lets see how we open tonight and stay neutral still...
After violating the bullish wedge, dollar index could possible rally to 98 before meeting any resistance which could pull the price downward to re-test some other support levels. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
fundamentally and technically USD on a bullish biaas.fundamentally Trade war fog been cleared atleast to an extended by signing the frst phase both Chinese and American leaders.So we expect and upside by next week .