95.00 resistance and 94.00 support is a key area of interest for the Dollar as you can see how price reacted previously to these levels. It has tapped 95.00 today and pulled back so there is bullish pressure there, but can the bears keep it below this level and closer to 94.00?
Recent price action: Bullish Pattern: Break of daily resistance. Resistance level since November 2017 Long-term momentum: Bullish Short-term momentum: Bullish Bias: Long Action: Sell all U.S. pairs once 95.16 level is hit. Wait for price to correct, then BTFD Comments: Will be interesting to see how much price will correct once it hits weekly resistance, or if it...
Recent price action: Bullish Pattern: Potential inverse head and shoulders. Long-term momentum: Bullish Short-term momentum: Bullish Bias: Long Action: Ride current U.S. trades to weekly resistance, sell, then rebuy after price finds support again. Would be nice for price to retest 29 EMA for support. Comments: Price is finally trading above all EMA’s. Price is...
Recent price action: Bullish Pattern: Potential inverse head and shoulders. Price would have to reject off weekly resistance, find support near daily support, and move back above weekly resistance. Price has also broken out of its corrective phase. Long-term momentum: Bullish Short-term momentum: Bullish Action: Ride current U.S. trades to weekly resistance,...
Hi, Traders Dollar index is going in correction because this is end of 3rd wave. Possible correction will be between these ratio 21.40% t0 38.20% lets see how it goes! Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support !
Recent price action: Neutral Pattern: N/A price is ranging at the moment after bouncing off daily resistance Long-term momentum: Bullish Short-term momentum: Bullish Action: Wait to see if price will test and hold S/R. If so, enter long position and sell again at daily resistance. If price moves up and tests daily resistance, then wait until that is a confirmed...
Price Action: Bullish Pattern: Break and retest of trend resistance Long-Term Momentum: Bullish Short-Term Momentum: Bullish Bias: Long Action: Enter all U.S. pairs after a break and retest of WR (95.16) level. Comments: Price is currently testing the 130 EMA on the weekly chart. This EMA is often the last area of S/R when momentum is shifting. The last candle in...
A perfect shooting star pattern on a descending trend line for the Dollar. Reversal at play off of this so expect some weakness for the Dollar this week!
Price has finally begun to slow after a parabolic run up that lasted close to a month. It has broken through bearish trend resistance and is now testing daily support. It would be great if price could stabilize around this level and test the 29 EMA before making a push to the upside. If price cannot hold the 92.5 level, the next level of support is found near...
The last two weeks we have seen some bullish moves with the Dollar which broke the DXY out of a low range. However on a weekly chart, we can see it has now reached a descending trendline around the 93.00 level. Could this be a bit of a make or break move for the Dollar? With a break to the upside and push towards previous 2017 highs or a rejection and downside...
I see US dollar index (DXY) bullish for next weeks. When we finish correction period, my expectation is that US dollar will regain its power against other currencies during next months.(April,May,June) Technical Analysis details: -I see divergence in squeeze indicator for trend reversal.(on weekly chart) -Wave trend analysis shows that we are at the bottom...
Expecting a breakout nextweek in TVC:DXY Details on chart.
It seems DXY reached it's strong resistance @ 91.40 * US Dollar stronger seems more stronger from last week. There is a chances to breakout the current sideways channel to Bullish trend if the market price breakout 91.50 price. * Otherwise it will continue the bearish trend for sideways channel.
The Dollar Index has been stuck in this wedge pattern since the beginning of 2018. After a large fall from the 95.00 area it seems to have stalled and now deciding on whether to continue pushing down, or prove this wedge pattern is the bulls getting ready to go! Between 90.50 and 80.50 seem to be keen bounce areas for price to reverse so keep an eye for a...
DXY could continue towards 89.60 before running towards 91.40 Levels. At those levels, it will be watched for the down-trend to continue. *Please like and share if you found the idea useful. Thanks!
It seems USdollar broken it's nearby support price @ 89.43. Now there is a good Opportunity to sell until price @ 88.56