Last week the dollar broke the resistance at 94.4 (breaking resistance usually accelerates trend) The dollar is on the rise with excellent technical data. We will remain bullish on the dollar, Despite the interest rate decision on Wednesday and the high chances of seeing an interest rate hike Target: 98.3 Second target: 99.7
DXY Long Idea (5/7/19) 4HR Chart - Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line . - I am looking for the lower high to be formed on the overall bullish trend line , so once price reaches the 61.8% fib level and the 4hr disturbance zone (orange). - Once the reversal occurs, price will then reach at...
DXY Long Idea (5/7/19) Daily Chart - Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line. - I am looking for the lower high to be formed on the overall bullish trend line, so once price reaches the 61.8% fib level and the 4hr disturbance zone (orange). - Once the reversal occurs, price will then reach at...
After the dollar crossed the resistance at 97.50 the way to continue the gains was supposed to be easy but it quickly returned to decline, if the dollar will stop in support and return to rise then the chances are increased to return to the gains, In case he continues the declines should take the last rise in a false alarm
Dollar index buyers losing strength. Sellers coming.
DXY / TECHNICAL CHART ( BAT PATTERN )
DXY / Rectangle Formation What is the trend in the dollar?
The pair has reached an important support area , if it will trigger a rally, try taking a long position on the pullback.
Hey folks, As you can see, our analysis for DXY played out exactly how we expected it to. From now on, we're looking for short setups. When they move we move, so for now we're waiting for a good entry. Let's see what they bring us. Happy trading:)
WARNING: BEARISH PRICE DIVERGENCE Higher Highs and higher Lows while price is consolidating and RSI & CCI are making Lower Highs and Lower lows Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout. We still expect US Dollar Strength but it seems we are starting to run out of...
SHORT TERM Bearish view on DXY DXY Head & Shoulders Pattern on the Daily, retest and rejection of critical retracement zone. Details are on the chart. Thank you for support and likes. Feel free to comment below.
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