Wait for confirmation of breakout and boom... were going long
Here's a little update on my DXY analysis. Looking for price to reject nicely in this red zone on H4, to look for possible buy. I'm looking for short term buy first, if price breaks through trend line/resistance area and retests then I will possibly be looking for long term buy. I will post an update.
Looking For DXY To Possible Go Bullish For A Bit (Pull Back For Another Possible Drop) What's Your Thoughts?
Weekly - 1st week of June the market shorted through a strong support level with no retest. Daily - Market is retracing in a corrective manner. Investors moving money to safe havens like Gold and Silver. 4HR - Market is discretely in an uptrend and expecting a push towards 98.00 1HR - Watching for how the market reacts around 98.00 and the 68 fib level. REMEMBER...
Hello Sophisticated Trader, The $DXY has finally broken above the 97.00 resistance and the 100 MA on the 4hr, this is indicating a possible move up for the bull for another test of 98.00 and possible 99.00. This is extremely helpful when trading, as the dollar index has become the main market driver. In addition, the renewed coronavirus fear most likely have an...
The price is trading near the support line. Strong support at 95.94 if break 97.41 conform bullish
We are at the moment on a major DXY sell off, It might look like it will continue to crash, but monthly chart shows a different story, we are just at Wave D, with Wave E being final rally for Dxy to 110 area, until the moment Dxy respected the trendline, support at 96.40 will decide the continuation of uptrend of break to the downtrend. This is pure technical...
Technical Analysis: * Price is above 200EMA and above both 14&21EMA, and are acting as support. * RSI is above 55, indicating good buyer strength. * RSI has broken the downward trend line and is retesting that trend line. Trade Idea: To be a good and comprehensive trader, its always a good practice to check correlations of other forex pairs and indices so as to...
The Dollar weakened against every single G10 currency on Thursday after terrible US economic data fuelled concerns over the health of the largest economy in the world. The US Dollar has been making sharp moves as the only market trading in the green in the current economic crisis. On the US Dollar Index ( DXY ), the greenback has been living up to its name by...
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Traders we do not like to write more. The prediction of the price you can find on chart! Regards, Team Traders "Powerful Traders"
DXY is still in up channel. We should move back to around 99.10, maybe 99.50. Good luck
will it get back in that daily channel or will it drop further down we will see after this ends... it will very much depends on what moves will show in the correction that will follow somewhere there...
If you thought the dollar was on its way to a new high, think again! Last week, the dollar was on a strong uptrend until it stopped at the resistance line at $ 98.3 and started to fall. The Stochastic also indicates a trend change or a trend ending. The Ichimoku Cloud Indicator changed to a red cloud meaning a bear cloud Target: 97.5