DXY broke to a new low. I see this as a C pullback for a D leg to come. I see a good sell entry @ 98.65 TP1 would be 127% around 96.65 TP2 would be 96.25 zone TP3 as low as the wicked price June 25th this year @ 95.85 A "secure some profits along the way" pull would be good at 97.25 What do you think? Please like and comment, as always trade safe manage...
U.S Dollar Currency Index I show down trend channel in Montly chart whose resistance line is formed of three points. Also I can interpret the red rhombus as a reversal pattern - a diamond, the pattern is very rare. To start, I think we will reach the support line of this rhombus
We have a trendline, we have a support and we have the FED which said, no planned interest rate cuts for 2020
dollar index bullish - H4 demand retest and we good to go
The price is near Key Level 12271. It can bounce and make an upward movement. Push like if you think this is a useful idea! Before to trade my ideas make your own analyze. Write your comments and questions here! Thanks for your support!
DXY testing again his long term upward trendline. It's about to bounce or break it! -If DXY goes up, EURUSD will go dow. -If DXY goes down, EURUSD will go up. Remember tomorrow will be the Fed Interest Rate Decision.
With Indices being heavy loaded for Selling in all like charts (Nas100, S&P500, German30, etc) The Dollar Index must move opposite. I think in the interim, Im looking for UP movement on the Dollar pairs
DXY dropped again below the 1D MA200 (RSI = 40.089, MACD = -0.130, Highs/Lows = -0.2864, ADX = 25.789) approaching once more the Higher Low trend line of the 1M Channel Up that has been trading within for over a year. The pattern resembles the early 2019 sequence and as you see on the chart this could be the 7th phase that will initiate the uptrend. Two targets...
price has hit around weekly Trendline support region and most likely to bounce off from this region and continue the bullish trend !! or it can retrace a bit and can break to the downside. Keep an keen eye on lower timeframe .
High volatility will very likely continue this week considering the high profile events featured. Firstly, the “deadline” of December 15 for US-China trade negotiation approaches. We’ll quickly know if there is a deal, or at least progress, to avert the new tariffs on USD 156B of Chinese imports. Secondly, GBP is currently pricing in a Conservative majority after...
We've seen highs been taken out and bulls taking control. Now waiting for the retest and grabbing some liquidity before the dump. Retest and enter.
Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few...
Dollar index is going down to the nearest support line.
Analysis on DXY for correlation with GU and EU
According to the bad US data the Dollar Index faced down movements the last days, BUT, the job news from the last days have been good! There is a high chance that we will see a good NFP for the Dollar, so this would drag EU down. I am now bullish for NFP.
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We can open Buy if the price will make a false breakout of Support Zone and H12 candle will close above it. But, if it will close below, we should look for Sell entry. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write it in PM. Thanks for your support!