Hi there, For now I'm still bullish on the dxy, look for a sharp move on the price action to the upside in lower timeframes, and join the wave. Good luck
DXY broke out the descending shape - stalled for a while then moved expolosively 93.5 Waining mometum as selling has slowed, 1D bull divs also but short still a good bet here At 1D Supply which is strong supply - continued/broke market structure to downside, OTE of recent down leg We are at 1M demand - which helped this leg up and thus has already been...
in dxy daily time frame this is what im willing to see as the usd pairs are on a bearish trend and we may see some double bot happen on some days to see.keep this in ur mind and make the trades careful.if the 61.8 level doesnt break this chart is invalide.and will be updated. GLHF
Hi there, DXY heading for another leg down, I think we completed now wave 3 and we heading for wave 4 for a big retracement on the dollar, which will send eurusd to 1.21 and gold to 1800+ After we make the correction, the whole market will crash with the strong dollar, Get ready to get in after the correction on GOLD, EURUSD, GBPUSD, NZDUSD, AUDUSD, all will drop...
Dollar create Bearish Divergence with Bearish Butterfly Pattern!
last idea I think we're going down! What do you think? You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally...
Currently seeing a pullback on the DXY which means the XXXUSD pairs are pulling back too I see a head and shoulders forming but will have to wait on price action for this to be confirmed
Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not a signal. it's my opinion. trade your own risk. and Must Follow Money...
In my weekend comment, I said that the USD is very probable to had found a top at 91.50 and now looks ready to resume its long term downtrend once 91 zone support is cleared. At this point, the index is trading at 90.75 and under the confluence of horizontal and rising support of the flag. I favor selling USD against Eur, Aud, Nzd and Gbp, and buying dips for...
After reaching a bottom just above 89 figure, USD Index started to correct higher and has reached 91.50 strong resistance. The rise from this bottom is in a clear ABCD corrective structure and is signaling a potential drop for the Dollar and the presumption of long-term downtrend. Support is now just under 91 and a daily break under this support will be a strong...
From what i can see before we can look to go long on the DXY we must wait for price to reach this area which i have marked out as support No significant moves happen unless this area is reached and we are probably a few weeks away from that as yet This is just my opinion, let me know your thoughts
As I said before, I'm very bearish USD, and till now things worked that way. Now, after breaking down the flag formation, we have another important break for USD index: the horizontal support and previous low. In my opinion rallies on USD should be sold and we can soon have new local highs for EurUsd, AudUsd, GbpUsd and NzdUsd