DXY could be in the last wave of the corrective structure before another big drop. Current position is wave 4 of c of C of (4). Short term weakness shouldn't fool you and I expect wave 5 to come and lift the index higher at least to the 91.50 where wave c=a, after that we should be cautious as another big drop would come It is quite useful to...
Soon we will see USD at the lower extreme. Observing how buying in will proceed. P!
Depending on your time frame I would sell the rips and ignore the dips.
I see a Cypher that confirms the down trend, and we might hit 85, which seems to be supported by the trend channel. But in the meantime there is a struggle right now, a Crab pattern suggest that we shoot for 100 before going down. There also seems to some news that confirm this TA.
Although I am a long term dollar bear, I think next week we see some upside. Maybe even new highs later this year. Daily divergence at a major support is what interests me in a long
Afternoon guys.. 2016 was a roller coast for markets. A year ago investors were in panic about deflation, indeed as the year progressed a good case inflation scenario unfolded. The market reaction following the US elections was even faster that expected. In real terms the USD is ~8% above its 20y average but still 8% below its high in 2002. Hedge funds are long...
My Technicals are suggesting a selloff in USD INDEX is Imminent and sell off would be at least 10% initially, My sell levels between 101.2 - 102.7.
Clearly see the darvis boxes and 5 waves on the DXY weekly
The dollar index futures have been tracing a strong monthly uptrend and currently grinded to a halt, with considerably strong declines in most dollar pairs. Right now, it's range bound, stuck between 10 month levels that will soon become 11 months after March's close. For price to move, it needs to clear this zone, either up or down. Once below, it can accelerate...
1. Looking For A Sell in Gold. 2. Near Structure @ 1089. 3. Targets @ 1050, then breakout of channel for 1000, for potential buy. 4. RSI Rejecting Rally in Daily Chart till now. 5. Dollar Might Take More Strength. 6. Keeping Stops Above 1105. 7. Also have eye on GDP Data.
Believe fast track trade approval this week and/or #FOMC minutes could catalyze dollar higher. Near a down channel breakout here. Decent support at green line. May be range bound short term though within 93.10-95.48 range. Long term believe EUR/USD will reach parity by end of year and dollar may surpass Euro given ECB QE measures. Watch for channel break for...
After clearing the HVN High Volume Node of $95 representing supply from 1997 - 1999, the $DXY $DX_F is on track to get to the next HVN of $99 and then the nice round number of $100 where I suspect it will pull back. I am bullish to $100 then bearish. Watch commodities.