Hi Traders, here is the full analysis / Breakdown for US DOLLAR INDEX. Keep this pair on your watch-list. Conditions - 1. Wait for confirmation (Environment Change / Retest Of Structure & Confirmation of Bearish trend) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis 4.Follow for more Analysis like this ! Dont forget to give me a...
Let‘s see how that in-your-face divergence is gonna play out in the near future, huhh? ;D
Dollar index is going down to the nearest support line.
Short, Sell USD/CAD Entry: 1.32547 Stoploss: 1.329 (-36 pips) Tp1: 1.315 (+107 pips) Tp2: 1.3 (+259 pips) 11:07 am CST 11.14
We're still in this position from over two weeks ago. Currently floating +170 pips.
i will also let you know about stop loss and First Tp INDEX:DXY
DXY long term my bias is short due to multiple rejections of the 97.50 resistance area. From here out I see a couple scenarios playing out for the dollar as we come up to NFP. We could reject the golden fib which we are sitting at right now and reverse to 96.40 support we will either break or bounce. If not I see further dollar strength till NFP for one more test...
Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO...
There are a number of fundamental components that caused USDJPY to collapse on late Friday trading at the end of the North American session. Traders became spooked by the yield curve inversion which tends to be a sign of an impending recession. Traders were also not very happy with dovish Fed speak earlier in the week, chaos around Brexit, and no respite from the...
The recent rally past 96.68 levels must have turned most traders on the bullish side of US Dollar Index but prices still need to decisively break above 97.71 levels to void the bearish scenario. It has taken several months and expanded flat structures are difficult to identify at times. At this moment the larger degree structure remains intact towards an expanded...
The US Dollar Index has managed to squeeze a few points above 96.68 levels as seen here but it still remains vulnerable until prices remain below 97.71 levels. The overall structure since December 14, 2018 highs at 97.71 levels seems to have produced a complex corrective structure, probable a combination w-x-y not labelled here. Furthermore, the US Dollar Index is...
Expecting dollar to start turning bearish. We might make one last push towards 97-98 before heading down or we might just get lucky and see the waterfall quicker if we break the trend line we are also topped by a resistance. Price action will tell.
USDJPY looking to break a major trendline! Wait for the breakout Enter on the pullback Stop Loss at the end of the wicks of the pullback Best of luck!
As you see at chart monthly, 2 steps bearish reversal dolar : the golden cross MA & the harmonic bearish 5-0 pattern. Lets see...
The Dollar Index broke the important level and made a new low today, but rallied due to the weakness of GBP and some other things. Now it's rallying to that broken support level, time to sell it now!
The US dollar index has retraced from 13-month highs at 96.98. Shooting star formation seen on daily charts and price has dipped below 5-DMA at 96.49. Intraday charts have turned bearish. Price action has dipped below hourly cloud and we see bearish divergence which adds to downside bias. Shooting star formation seen on daily charts and price has dipped below...