I think people are to eager, the public is short on the dollar, so therefore I am bullish. But, I am bullish for good reason. Shark Complete, Butterfly Complete. If we get a Daily close above 97.50 I'm bullish on the dollar the rest of the week. Pretty much up to 98.50 That should be POSSIBLY the high of the year, I'm Bearish DXY for the next 12 months, BUT I...
- Always follow the charts and price structure - Price generally has news already "baked in" - Watching what we do at the R14.77 zone (0.618 retrace)
Spoke about EURUSD as we were nearing a major support/flip zone on the longer timeframe. Then it peaked my interest when we broke above the previous swing (lower high) at 1.1070. Therefore we nullified the downtrend. This zone has proven to be support as you can see we retested this zone. However, I am still awaiting for our first HIGHER LOW to confirm a new...
Negative real interest rates and (not QE) QE are repricing the dollar against major world currencies.
A bearish trend on the daily graph according to the Ichimoku Indicator. The dollar failed to generate upward momentum and returned to fall, the dollar entered the range between 95.4 and 97.4, because of our proximity to the resistance line and the other reasons stated above our recommendation is to sell. Target: 96.2
This week the index broke and closed below the rising correctional movement and we see a new lower low lower close. Now bears will keep pushing the market lower. The first zone from where we can expect a pullback is 96.4 - 96.8. Pay close attention to this zone and watch the market reaction.
Not that I have too many views on these posts nor do I post very frequently - But my recent post regarding the dollar index has been a hit so far in terms of accuracy and precision with what the market has currently done. Irrespective of any of the news related movers, price has done as planned. Those who read my previous post about the DXY will have seen this...
Tomorrow is a big day with Bank of Canada, US gdp and most importantly FOMC rate decision. A rate cut from 2% to 1.75% is expected and is priced in at this point. Expecting the DXY to continue its decent. Now formed a rising channel as a continuation pattern and a nice downtrend line as well. Powell's rhetoric during press conference will decide everything, but...
hey traders, weekly update for dollar index . the market has started a correction cycle and for the last two weeks, we see a steady bullish movement. I still believe that bulls have much space to push the index even higher before we see a bearish continuation. The first supply zone that I will pay my attention to is between 98.0 - 98.4 levels. as always, our...
Bullish to the shorter term structure of the 61.8%
DXY was .50 off from 100. We will make it to 100? Or do you think we are heading down for the rest of the year to $95 ??? We are at the bottom of the DXY channel and currently heading to the 50% medium of this range. If we get a 61 - 78% denial I can see us heading to 96.00 next.
after a very strong bearish wave, we see a correctional movement on DXY. I believe that bears still have much space for one more leg down to major structure support. I don't know how long the correctional movement will last but our trigger is a bearish violation of a support of a rising channel.
TVC:DXY - The dollar index is at a key level . - Expect resistance here but watch if price breaks through and closes above the previous high (pin bar). - Lower timeframes will offer entries when price action confirms.
Pattern: 1M Channel Up. Signal: Bullish as the price hit the 1D MA200 and is near the Higher Low trend line of the pattern. Target: 100.00 (potential Higher High of the Channel).
Hey everyone! Wanted to post an update on DXY after 7 months since my last update. Not much changed since then, I'll attach the chart from March. Plenty of momentum left as we slowly climb towards 103-104 mark. *Note that precious metals might strengthen with dollar at the same time.. It's abnormal - tide is shifting and flood could come soon...
i will also let you know about stop loss and First Tp INDEX:DXY
We predicted the recent dollar index decline almost about a month ago (see chart below). There could be some pullbacks later, but ultimately the index would likely go further down. It could touch 91.30 - 93.60 in a couple of months...
I'm usually Neutral since I look to go with the flow of price. However, I am bearish with the DXY considering that it's repelled from my HTFZ, dropped below a PPZ, broke diagonal support and correlation through multiple time frames. My next barrier is between $95-$96 so I'll continue to track price and update as everything unfolds. We shall see. NEVER TRADING ADVICE!