There is a strong bear divergence on the 1W and 1D DXY chart.
I believe during 2017, the DXY will fall to the low 80's.
I base this not only off the bear divergence illustrated above, but my strong doubt that the Fed will raise rates during 2017, and that the US economy will continue to slow.
For my trading Journal.
Sold UJ @ 115.994
TP - Free
Sold DXY @ 101.58
TP - Free
Still running gold buys @ 1186$
TP - 1383 - 1430 ( Once gold there, most probably will close DXY, UJ short trades )
Max DrawDown so far - 35$
Most probably holding UJ, DXY over FOMC.
Will update this idea with FOMC signal produced by HFT .
Trade on your own risk.
Hi, Guys.
Last DXY shorts bring us great profits, depends on how you managed your trades.
I closed all shorts just before ECB meeting, right on Time, because I needed GOLD to drop and had a feeling ECB can give some strenght to USD.
Dxy formed a 4th Slope by new degree count.
I used that to reload shorts, overall 25k running.
This is a strategy test, so be...
99.11 DXY is in my opinion still the make or break line
prices above 99.11 DXY are suggesting still bullish scenario into new highs 2017 - eventhroughout Trump Election
prices under 99.11 DXY are suggesting sharper fall into SellOff Area sceanrio - even while Election Night in nov`16
I can still imagine after yesterdays 1st sharp rise after Trump Election...
Dollar index retreats from multi-year highs at 102.05.
Technical indicators have turned bearish on dailies.
We see scope for test of 100.35 (20-DMA).
Violation there could see next major support at 97.10 (100-DMA) and then 96.13 (trendline & 200-DMA)
Support levels - 100.35 (20-DMA), 97.10 (100-DMA), 96.89 (Nov 4&7 lows)
Resistance levels - 101, 101.10...
Important strategic horicontal lines for day traders
100.50 DXY Yearly High 2016 (before Trump Election)
100.39 DXY Yearly High 2015
92.62 DXY Yearly Low 2015
91.88 DXY Yearly Low 2016
90.20 DXY Opening Price 2015
In my opinion,
these levels are important for technical background knowledge
- even like informations on a memory card. But not important for...
Hello guys.
Rare post from me on Dollar Index, but I've been waiting for my degree count to complete as well 3 slopes to be completed where 3rd slope is in development followed by crash.
This analysis is done on pure JAFR calculations, where DXY constant number is 114.56 and degree count has become greater than this number.
Since I used JAFR predestionation...
It is uptrend.
But it go up far and need to throwback.
I bias Long as it need to throwback.
I will wait and see how the price action.
News effect: Interate rate decision FED.
Hi Everybody,
I got interested in the DXY lately, I don't trade USDCAD that much but I decided to try it.
* to be able to predict (help you to predict) USD you have to look at GOLD, OIL and DXY (Support/resistance/pivots)*
-----> This one is easy! It got to a major resistance (last touch 02/12/2016) now it's retracing.
--> Ichimoku has been used to find pivot...
![DXY: [DXY] PREDICTIONS. We are in the right position!!!](https://s3.tradingview.com/l/lp7lctDH_mid.png "[DXY] PREDICTIONS. We are in the right position!!!")
