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Hi guys !
Last week i shared an idea where i said "DXY is going back to 96". That's happened, perfect (linked below).
For the next week, a correction should happened to 95.5 to finish the 4th wave.
Then, the 5th wave could start and pump DXY toward 96.2 or higher.
That's sound good with my previous analysis on EURUSD with a great bounce on the BUY ZONE (linked ...
DXY - Fractal Pattern example:
1 - Weekly Chart:
2 - Daily Chart:
3 - 2H Chart:
Verdict: Down-trend coming for USD (DXY)
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.
Technical Analysis and Outlook
Bears peeled off the Mean Resistance $95.99 signaling that lower prices are possible in the interim by targeting Mean Support $94.14 as well as inner Index Dip 94.08 (For the Bears). Once the Dollar Index extends its descent the outer Index Dip $93.45 will be very vulnerable.
Aggressive Bulls can keep an eye on the Mean Resistance ...
Technical Analysis and Outlook
The Dollar Index finished higher on Tuesday session as it consolidates much of the declines at Mean Support $95.04. This closure establishes the stage for transforming from bearish to semi-neutral bullish signaling that sideways to mildly higher prices are likely to occur in near term. For the Bears first Mean Support is at $94.14, ...
hi, please see the update for dxy
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Hi guys !
The last week was horrible for DXY, from 96.1 to 95, the EURUSD and GBPUSD went UP, but there was stop at the resistance.
Now, DXY looks bounce on the upward trend line and ready to go back at 96 and try to reach this resistance.
The MACD looks ready too to switch on BUY volume. The RSI is still upward too since the last bottom (on this view).
The area around 95.74 has been an area of resistance for a while . This DXY seems strong enough with great economic news for US Economy, it should break it this time ? if it fails again then we go SHORT
STRICT WARNING: If and only if DXY fails to break 95.74 then we go short from here otherwise we remain LONG
For this week for NFP i positive DXY will going down as it will looks like head and shoulder pattern
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 ...
I expect the US Dollar ( DXY ) to turn Bearish in the coming 6 to 12 Months and drop to 91.44 Area before resuming the Bullish trend or continue the Bearish trend. The US Economy is strong but let's not forget why
-- Economy growing due infused corporate Tax Cuts and increased spending which mainly went to stock buybacks and wealthy individuals . Once the Tax ...
The Dollar Index broke the important level and made a new low today, but rallied due to the weakness of GBP and some other things.
Now it's rallying to that broken support level, time to sell it now!
Different indicators suggest Dollar Index could have a pull back on short term.
DXY is in consolidation with C wave still left to be formed. It can either breakout from here for a retest of the top or make another small leg down then retest the top.
Long the breakout after confirmation with correction.
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
The US dollar index has been going up but seems to be losing stream and has formed topping patterns as well.
I see a lot of people not looking at it, but often good traders will always keep an eye on all sorts of correlations.
This will be my views of DXY USD index (Sept 2018)
Please make sure to read the "update" comment as there will be changes along the way.
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in ...
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 to 6 ...