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 ...
As the Dollar made 13 month highs, most USD quote pairs are oversold, and the index is overbought. . . Expected behaviour would be a pullback to test the new support. With this in mind, Turkish troubles may throw their weight and we see further dollar rally. Anticipating some short term bullish momentum for the next few days of trading from EURUSD, AUDUSD, NZDUSD. ...
The EURUSD daily chart is probably producing a Morning Star bullish reversal pattern, after printing lows at 1.1300/01 levels yesterday. As highlighted on the chart view here, the pair could begin its much awaited counter trend rally (A-B-C) from these levels. The existing wave structure is suggesting that an impulse wave lower could be complete at 1.1300 levels ...
The Dollar has clearly started its larger agenda, with wave 1 of a very large degree iii of 3 (Very Bullish) nearing its completion.
On the lower degree level an internal wave iii of v looks to be complete with the iv starting.
A choppy wave iv and v should still be to come for the completion of the wave 1 which leads to the next main move being down in wave 2 ...
The dollar index has formed a head and shoulder pattern in 30-min chart.
The pattern has formed after a long uptrend and the neckline has been broke.
Hence we expect some profit booking in the counter which can result a throwback.
The daily chart view for US Dollar Index might be suggesting that a top could be in place around 96.95/97.00 levels yesterday. The ending diagonal view presented yesterday has been changed to the most probable count for wave (5) termination. Lower degree counts are suggesting 5 waves push from wave (4) on the chart displayed here and hence it would be safe to ...
Whats up guys,
Watching the USDCHF pair. Keep a close eye on this one - showing signs of a breakout.
Most of my explanation is on the chart, including target zones.
Ten Likes and I will update the chart
Intelligent disagreement welcome
Good Luck - See you on the trading floors
#Crypto #BTC #cryptocurrency #forex #USDCHF
-Nix
This chart is tracking and projecting the 100 SMA on the monthly chart. Things are looking good for USD right now and it is undergoing a good rally but in my opinion we would need to see a break above the upper black trend line to break this pattern of lower highs and lower lows. More likely we will see a shooting star here and it will then resume the downtrend. JMO.
DXY breaks 100 and
It's game over.
Financial Inbreeding
Run Amuck, A strong
dose of bleach is
required to sterilize !
Global citizens will
turn to crypto's to
protect their wealth.
USA going strong people, maybe POTUS will stay a little longer than expected. MAGA happening haha.
DXY looking really bulish 100-115 we are expecting here, helping the short sales of AUD/USD and EUR/USD.
Contracting USD liquidity supports a bullish US Dollar view and a risk-off positioning.
If the global Dollar liquidity fails to improve and continues to contract a deflationary environment may be ahead.
Certainly the USD indebted EM countries & corporations have already been heavily impacted by the rapid rise in the dollar.
Commodity indexes have shown this ...
