Daily Chart: Price action eagerly respected the Daily trend line support and bounced off immediately. This area too is in confluence with a historical support/resistance level. Price action also arrived at the buy zone I set last week. Hourly Chart: If the hourly candle would perforate and break the nearest trend line resistance. The possibility for AUD to...
Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...
NEoWave analysis on DXY at Monthly time frame and most degree by Enayat Ashkian The Details of the analysis is shown on the chart and described that Bearish most degree corrective pattern is not completed . (A)-(B)-(C) Wave that is marked by yellow labels and is completed: Wave (B) / Wave (A) : Price about 40% Duration about...
DXY is back testing the small support it had previouslt broken. With that and the tenkan and kijun from ichimoku as resistance as well. Looking for a break of 90 and a continuation lower.
DXY is looking to continue lower from current consolidation levels. We broke head and shoulders from my recent chart and now have been in a downwards channel and broke below that as well. On USDCAD news this morning, we didn't see the dollar push up any on a nearly150 pip spike in USDCAD pair and now USDCAD is about to breach 1.24. I continue to see weakness in...
Dear Traders and Followers We are looking for 3rd wave in dxy which may probably breaks the price of 93.44 If price breaks that level then there is possibility to reach extention level 1.272 (96.14). Note: Everything works with good money management. Note: Please leave comments for any query. Disclaimer: Trade at your own risk. Good Luck..!!
Hi traders! We are back to see how our DXY friend is doing. This is not our first time covering this index. The marker makers made sure before showing its hand that we had total fakeout. This week when I said that the 92 level was big and DXY found the strength to push higher. We thought at that time that maybe DXY had somehow found something within itself for...
Hello Traders! Accurately suppose, that the "Flat" model and Bull's "Cumulation Balance", will be on US index the whole 2018 year. So... Based on intermarket correlation, it gives the opportunity for downtrend on EURUSD, GBPUSD, AUDUSD, NZDUSD and uptrend for USDJPY, USDCAD,USDCHF. Best regards, team traders ''Powerful Traders".
Short DXY. We have broken the upwards channel alongside a head and shoulders and now are in a bearish channel. We are retesting the neckline from current levels to 92.50/92.60 as a good short entry. Retail is long the dollar and are calling bottoms everyday which gives me a further bearish outlook on the dollar index.
I think the DXY is in selofff for no reason and if is not today it will have a rebound start of new years for now is oure intraday stragegy to 24 or 48 trading (today or the 2 january) he is also much oversold as eurusd overbough usdcad oversld usdjpy starting oversold Enter at 92.31 target 92.75 gains 44 pips
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
We had strong move down on friday, and expecting TCP to retest the low. Trade with care!
Hi traders! This is DXY REVISITED We covered the DXY in the STATE OF THE MARKET VOL.2. At that moment, the price finally bounced of our order block and found some kind of momentum upward. That bull run had a few legs because it ran for some time before finding resistance around 95.00 Like any type of trend, the price has to retrace to become a healthy run....
In Long term view DXY is looking bearish and now we are in a consolidation. When price break the top take profit or move your stop loss to break even. Please trade with care.
I can see a B wave is forming in DXY and trading the C wave is a good idea. Please trade with care.