As you see at chart monthly, 2 steps bearish reversal dolar : the golden cross MA & the harmonic bearish 5-0 pattern. Lets see...
SHORT TERM Bearish view on DXY DXY Head & Shoulders Pattern on the Daily, retest and rejection of critical retracement zone. Details are on the chart. Thank you for support and likes. Feel free to comment below.
The US-Dollar-Index, a currency basket composed of 57%EUro, 14% jap.YEN, 12% British Pound, 9% Canada.Dollar and 4%Swedish krona and Swiss francs, is expected to continue up over the next few years. What this means to the most people of the world, I would like to summarize this briefly. The US-dollar is the world's largest and most liquid market for bonds and...
Dollar index broke a key monthly support level last month and is currently trading below this monthly resistance on bigger timeframes. In this setup, I see a bearish pull back on the daily time frame and a good time to buy other currencies and gold as they are all on their pull backs as well technically.
Expecting a turn here, we have reached monthly support and end of the trend line + RSI div in weekly.
I had no intention of publishing this analysis yesterday as I thought Dollar Index (DXY) would continue its consolidation mode for several days. However, when I saw 4-hour chart close above the drawn ascending triangle, I had to publish this analysis. For the past several days, I've been watching this Index as this is one of the keys on trading Dollar pairs....
The dollar index made a nice bounce back up from the lower green range. The Stoch Rsi indicator shows a possible bullish crossover and the Adx indicator shows a very weak bearish trend meaning that its more then likely the bulls will take over. Because of this I see the dollar gaining some strenght this week and the dollar index attacking and breaking 100. It's...
Dollar Index Monthly - Structure speaks for itself. Big moves to the downside expected. This correlates well with global indices and Oil they are also indicating a big correction on larger timeframes technically.
MARKET ANALYSIS: As you can see from the charts both Eurusd and dollar index or showing opposite trade setups. So in Eurusd once the market breaks the flag pattern and closes above the zone we can go for a long. At the same time once dollar index closes below the rising wedge we can short the market below the zone for the given target. Now this is how a...
dollar index for this week if it's open up 100.96 will go up. if it's open under 100.41 will go down.
94.80 $ is the target for head and shoulders pattern. if dollar break 99.24 will go down. pattern fail by break 103.65 to up ...
This is a follow up on the previous forecast. Previous analysis is still valid: We expect a move up to 100.75 to close the gap. Mid-term Dollar Index has some more room to move down, but we cross that bridge when we get there.
Expect DXY to gain some strength in the first part of the week (100.75 - 101.00). Midterm i think DXY has still some room to drop.
This a follow up chart on the intraday forecast of Wednesday ( ). Expect a retrace to 101.00, then a further advance to 101.75. If really strong 102.00 is a possible secondary target.