I believe the US dollar is still very bullish. This drop it has been experiencing, I believe is a retracement. I Expect price to drop as far as the support and I will be looking for opportunities to go long in the golden zone of the Fibonacci tool. This outlook on the DXY matches very well with my analysis of the EURUSD. I believe EU is still very bearish, and a...
As I argued before, DXY is in a bullish trend for some months now.
Yesterday the index has broken above resistance and the road is clear to 95 zone.
Sell rallies for EurUsd, GbpUsd, NzdUsd and AudUsd is my strategy
Since January low under 90 figure, DXY has traded higher confirming this low as an important one.
Also, since June, the price action is very constructive putting in higher lows on our daily chart.
At this moment DXY is trading again in resistance zone and there is a high probability of a break here in the next few days.
95 zone is my target for the index
DXY Short Term To Intermediate Term Outlook:
Looking at DXY Printing A Short Term Bearish Price Swing To "91.20-91.00".(But I would love to see price sweep above previous weeks high to "92.930" Before the aforementioned drop).This is a balancing price swing.
After The Balancing Price Swing, Now We Anticipate An Intermediate Term Swing To The Upside From...
My first Idea, a theory as advertised..do with it as you will. higher time frame shows price action in the process of the left shoulder of head and shoulders pattern(as every short idea will let you know but can be seen on daily chart) . once price breaks out of wedge the short term direction will be clear(although more room for the downside than upside).. if...
THE NON-farm pay roll will impact on the dollar so this is my own projection and analysis for the dollar.
support/deman zone for order block formed.
Let's await NFP ,so all XXX/USD may experience Bearish movement!
Not a financial adviser, just an analysis for NFP.
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
hey guys , i think we have a double bottom in the Dollar index , and we have a very important price resistance zone that can be our neckline for the double bottom pattern .
if price can break the neckline , after the pullback we can buy dollar Vs. other currencies in the forex.
Since the recent 89.50 low, USD Index is trading upwards, putting in higher lows on our chart.
At this moment DXY is facing resistance at around 93 and a break looks imminent.
If we indeed will have this break, 95 is the next target.
This outlook is valid as long as the price stays above the recent low
Selling EurUsd, GbpUsd, AudUsd and NzdUsd can be a good idea
Will look for shorting opportunity in case of a breakout to the downside on the lower timeframe.
Bullish momentum is still intact look for sell only in case of a breakout.
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Good luck to you!
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This is just an idea, not financial advice.
First of all:
it's a personal, purely technical view
without taking news or economic miracles into account!
or an alien invasion...
your opinion on this is very welcome in the comments!
Part 1: way up
let's switch to a smaller time frame to see why I think it would be possible
There is still a key level from the...