So here with the DXY (dollar) we have obviously seen very bullish movement. The dollar is very strong, I do not care what anybody says. The dollar is not weak. That being said, I am still bullish with the dollar overall this week as we also seen a nice doji & rejection right off our zone this week. A lot of false movement for those who trade the dollar on...
DXY: - As it is pulling back after a neckline break, but it also looks like a bias continues to form cypher pattern - If the break up exceeds the neckline (95) then the odds are still bullish with the target returning to area 96 as a potential reversal zone of the formed cypher pattern. - If it is unable to break above and break the low back above the previous low...
DXY: - Still in the uptrend channel - It has touched the support line - Being in the demand zone - Touched the .782 Fibo retracement - Wave 5 is finished - Bullish Divergence - Set to form Chyper pattern Bullish/Long: -TP 1 at 95.70 -TP 2 at 96.50 Invalid if drops through 94.68 low
DXY looks not to break the previous lower low, a big chance to strengthen again.
TVC:DXY REBOUND..? Hello! I have for you very interesting long idea Stop on the chart. All details available on chart, but if you need - please comment and let's discuss.
Cypher Pattern Rules: - Point B is the Fibonacci retracement of point XA of 0.382 to 0.618 - Point C is an extension of XA of at least 1,272 or between 1,130 - 1,414 - Point D is the Fibonacci retracement of the XC point of 0.782 DXY has the potential to form a similar formation, with point B of 0.32 and point C a little longer at 1.667. DXY also managed to move...
hi again dear followers check this out everythings is clear just wait for result
Hello Traders, Model suggests a major decline in the US Dollar. Since 2008 the DXY chart suggests that this has been a counter trend move. Now model suggests that the overall trend of the Greenback will continue. This is a very long term view so there will be plenty of swings in between, especially in the resistance band, formerly called the consolidation zone....
We are likely to see US Dollar self off in the coming 4 to 12 weeks before we resume the Bullish trend . We are still in the weekly bullish long-term trend channel. NOTE: this is in the Long-term ( 4 to 12 weeks )
short at 95.35 tp-94.01 stoploss -95.70
The Dollar under the Monthly 50SMA is toast, doomed. Why? Take a look at the previous 2 major declines of the Dollar. The last one is on the chart and highlighted with a yellow ellipse. Recently price is worming around it (red ellipse). Once it is below the Monthly 50SMA again there is nothing to stop it from falling like a rock. Currently, the price is under it...
DXY Bearish Analysis ------------------------ Elektro Analysis
Hello Traders, Today we will have a look at the Dollar Index in the 1-hour chart. The DXY has a bullish sequence in the 1-hour chart suggesting more upside. Dollar index ended the cycle from 06/07/18 low at the peak of 06/15/18 (95.13) in the blue wave (W). From that peak it ended the correction to the cycle from 06/07/18 low at the low of 06/29/18 (94.46) in...
The index went down 80 pips after a rejection at the 95.00 level which is looking like a strong resistance area. With a downtrend and a rejection candle on the daily chart we're expecting it to target 93.50 and then 92.5 and 91.00 levels. As long as the price is below 95.00 this is a sell. If you have any questions, just leave a reply!
Hi, Traders looking for a correction in the form ABC. All majors pair will go accordingly. Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support