The Aussie bounced off major support from Jan 2019, rejecting lower prices. Rally to atleast the .618 retracement seems likely at this point ** on 6A, Aussie futures, support is from Jan 2016
Dollar seems to have topped for now and might be headed to 96.50 short term, If lower Trendline breaks we might see a bigger drop. MACD sell signal triggered. Fed will most likely cut rates in Sep **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just bunch of average traders sharing insights in a...
Assuming ABC pullback is completed. We can expect seasonality factor will drive the price up. If ABC pullback shows signs of bigger bearish wave, then this assumption is wrong.
DXY was rejected in late May on a Double Top on 1D and sellers stepped in to push the price lower within the dominant pattern of the 1M Channel Up (RSI = 53.041, MACD = 0.390, Highs/Lows = 0.0000). The price broke below both the MA50 and MA200 but so far no Death Cross has taken place, so the selling will most likely stop on the Channel's Higher Low around 95.65....
DXY is on a 4H Channel Down trading at the moment on its Lower High zone (RSI = 52.008, Highs/Lows = 0.0000). The long term 1W Channel Up provides support on its Higher Low zone (red rotated Rectangle) so we expect the selling to continue but on a limited extent. Our TP is 97.00. ** If you like our free content follow our profile (www.tradingview.com) to get...
The Dollar index broke the 97.70 1D Resistance this week, which has been rejecting any upside attempt since November 2018. This break out opens the way to further upside within the monthly Channel Up (RSI = 60.408, MACD = 0.450, Highs/Lows = 2.2271), which aims at a new Higher High. By our calculations this should be near 99.00 (inner channel), before the Channel...
Following its most recent bull leg on 1D, the Dollar Index was again rejected near the 97.70 1W Resistance, causing the 4H Channel Up to break downwards (RSI = 40.558, MACD = -0.060, Highs/Lows = -0.0793, B/BP = -0.1870). This rejection technically calls for a re-testing of the 95.80 1D Support. However the 1W Channel Up (RSI = 54.944, MACD = 0.450, Highs/Lows =...
DXY is currently on a Higher Low mark within the 1D Channel Up (RSI = 46.563, ADX = 18.030, MACD = 0.030, Highs/Lows = -0.1686). A rebound is expected from the current level but if that fails, the 1W Channel Up (RSI = 52.527, MACD = 0.430, Highs/Lows = 0.0000) will provide the last support level at 95.80. On a long term basis the Dollar Index remains a buy...
Pattern: Channel Up on 1W. Signal: Bearish on two marks. 1st the 97.70 Resistance. 2nd the 98.75 estimated Higher High. Target: 96.00.
This is a 4 year illustration of DXY's trading behavior. The chart is quite descriptive itself and since the scale is very long term it is not intended to be a trading suggestion. It is more to give an alternative idea to the Dollar's volatile patterns lately. There is a certain sequence which shows that the index may break the 1W Channel Up downwards. The Lower...
DXY continues to trade on the 1W Channel Up started on May 2018. With 1W technicals mostly neutral (RSI = 53.089, ADX = 18.480, Highs/Lows = 0.0000, STOCH = 48.384) the pattern is indicating that we are on possible rebound levels. As seen on the chart the price is on the inner supporting line of the Channel (A). Technically the maximum downside is on the outer...
cycle has been precise calling 5 of the 5 last moves. will it be right on the 6th? I think so.
A simple display of recurring patterns on DXY indicates that a strong bullish leg is about to take place. Each of those patterns delivered at least a +3% rise so we can assume that the price is headed towards 99.00 in January/ February. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes...
Right shoulder could be in progress.
The US Dollar Index continues to trade within its 1D Rectangle (RSI = 53.043, STOCH = 50.681, Williams = -48.067, CCI = 8.9068, Highs/Lows = 0), supported at 93.200 and resisted at 95.25. Today's position is a short, TP = 93.450. A lower break out is expected around one month's time, as seen on the chart.
I spotted the Head & Shoulders pattern in the DXY chart and share it with you here. It has slope down and it fortifies the short idea. The Neckline is located around 89.30-89.40 level. The calculated target is set at the 87.90 level. (Neckline minus Head's Height)