Hello traders, Today's jobs reports in the US was not bad at all, adding 136K in September, flat wages and unemployment rate at a record low. This week's up move by the pair was in anticipation of a bad jobs report following dismal readings from manufacturing and services PMIs. However, it was not as bad as expected so this was a good sign for the bears. On the...
If you look at the dynamics of the Dollar Index yield at the beginning of the month, you might note that the maximum number of sales were on January, March, April, May, June, August, September and October. In general, it’s time to form a trading strategy: we are waiting for the beginning of the month and at around 3rd of October we are selling the dollar. With a...
The DXY is showing signs of a reversal with a head and shoulders pattern here. We are going from higher lows to lower highs. If you follow my work, I believe the dollar will be going HIGHER and this is what will cause all the problems in the world to get worse. Pullbacks are expected and normal. 98.50 zone is the one to watch for first targets. Market is now...
The price is moves in the upward channel. Now it's close to higher border. Huge probability it will bounce and move down to Support/Resistance Zone. Before to trade my ideas make your own analyze. Write your comments and questions here! No need to write them in PM. Thanks for your support!
Are we going to see the DXY dollar index break down as it currently builds on a possible right shoulder?
The US dollar and Dollar Index DXY are pretty strong creating new demand levels in a clear trend. There are many USD Forex Cross pairs and exotics pairs like USDZAR that also have a clear uptrend and bullish bias creating new weekly demand demand imbalances. We don’t need complex Forex trading strategies to locate price levels to trade on USD Forex cross pairs,...
So my previous post for EURUSD this week did not give us our break out signal. Again, we await the pattern and then we await for the break and close. If we do not get it, no trade. It seems we have another chance of a reversal here. Although, on the daily chart it seems like the support comes in at 1.0800. We are back at testing the flip zone of 1.0950. From...
The dollar index is still strong compared to the other pairs, but nothing rational here at all. Everything is a mess, the debt is rising every single day, bonds aren't nice, the equity market is preparing for wild volatility and even haven assets are waiting for more fuel. What about the dollar? An old trick for investors, leading prices higher to let them drop,...
TVC:DXY I can see 2 setup here, 1 bullish & 1 bearish For bullish setup, Price broke recent structure & price going to shoot up high and break 99.00 Supply Area. Bullish confirmation, when price break 99.00 supply area. For Bearish Setup, I can see HNS pattern. However, I will not sell now because the bullish momentum is very strong. I'm going to wait for...
In the above technical weekly time-frame, we can notice that we have 1.09-1.85 as Strong Support Region and also forming Falling Wedge pattern, in my opinion this pair should be holding well on these levels for long setup
Time to update our DXY Chart. Rounded Bottom forming. Near Term Determining Fundamentals: Market's reaction to the FED's repo operations to balance the lack of USD liquidity. Friday's NFP. Once more: It's just a matter of time. Global Dollar Rally has not started yet! Potential Victims: XXXUSD, USDXXX, US INDICES, EM EQUITIES
WEEKLY TREND! LOOK BELOW FOR UPDATES! SMALLER TIMEFRAMES!
US Dollar Index is forming a rising wedge on the daily timeframe. If the swing high at 99.37 is violated, then the index still have further upside potential to hit the upper wedge before it collapses to return to the lower part of the wedge. However, there is possibility of the index being rejected at the swing high also. Finally, if the index violated the lower...
The dollar returns to its peak that it was 24 days ago, there is a possibility that it will stop here and create a double top template and then the dollar will come back down, We believe this time the dollar will break the resistance at $ 99.08. Target: $ 100
Good evening, Yesterday was a pretty impressive day for the pair as it broke below a major support at 1.09650 following surprisingly weak PMIs, and a renewed demand for the dollar. Reports stating that Trump's impeachment is far from happening since he didn't violate any campaign laws helped T-yields recover which also pushed the dollar up. Yesterday's close was...
As I see, I think we are going to hit the resistance at 104.01 then we get back to our support What do you think ?? .