The US-Dollar-Index, a currency basket composed of 57%EUro, 14% jap.YEN, 12% British Pound, 9% Canada.Dollar and 4%Swedish krona and Swiss francs, is expected to continue up over the next few years. What this means to the most people of the world, I would like to summarize this briefly. The US-dollar is the world's largest and most liquid market for bonds and...
Everytime since US Dollar Index ( DXY) began its major uptrend on 15th February 2018, DXY has made : Higher Lows followed by corresponding Higher Highs i.e After every Higher Low its has rallied to take out the previous Higher High. So what can we expect this time : All the fundamental factors still point US Dollar strength for a couple of more weeks ( 3...
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.
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! So, the weak uptrend tendency in suggested 5-th subwave of EDT pattern is possibly may continue. Please be care yourself in such risking situation. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
Hello Traders! Accurately suppose the weak uptrend tendency on DX, with multivariate development of priceaction. Please be care yourself. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
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
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,...
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...
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!