it is possible that USD index going to reach $110 that means EUR will go all way down, everybody wait USD index to go down since most of daily traders are trying to take long positions in EUR, frankly EURUSD maybe go up for short time correction and will continue go down faster to achieve the new bottom below . it's very important to not trade with big contract...
Hi Everybody, I got interested in the DXY lately, I don't trade USDCAD that much but I decided to try it. * to be able to predict (help you to predict) USD you have to look at GOLD, OIL and DXY (Support/resistance/pivots)* -----> This one is easy! It got to a major resistance (last touch 02/12/2016) now it's retracing. --> Ichimoku has been used to find pivot...
Elliott wave analysis on DXY Overal Pattern : Expanding Triangle Location : e Target : e<102.97 Patterns : a : Double Zigzag b: Zigzag c : Double Zigzag d: Zigzag Please discuss about this analysis, it's count labels, patterns, target and your insights about future targets, waves, patterns and ... using your described charts by comment here
Waiting for break on either side .. and price to confirm its mood Twill have affect on USD pairs
Heres my idea, for DXY breaking 99.9 finally ... using FIBO extensions
Price currently cleared bear tests ... Open to reversal move NOTE: Lets wait for NFP US Elections are coming up ...as well
In weekly chart we can see some consolidation period. Price ranged between 93.12 - 100.38 zone. Price are going to test range resistance. We can see some sell pressure from that zone. Though in long term I am still bullish.
bearish weak dollar ahead price should tank to 97.50 atleast
I think USD is possibly showing signs of weakness ...
PRICE maintaining form, as NEWS keeps coming Just observing things ...
Im just keeping my eyes peeled ... If Dollar shows weakness, watch for EURUSD & GBPUSD pairs to go long temporarily
DXY Found a temporary resistance. However I expect a final move upside before falling back. I found quite few harmonic pattern, Expanding diagonal, Wolf Wave Bear pattern and bearish EW count. All conditions are met for a Triple top on DXY before falling harder. You already know what will happen when King fail the battle. Trade well :) I am neutral on DXY.
Price stuck in the middle of the wedge at 95.50 and the RSI close enough to dead centre. Waiting for the breakout !!!
We are looking for the USD to move up to monthly resistance and then drop as it is respecting trend lines ..
Hi All, There are several important news (US Presidential Election and FED Interest Rates Raise) are waiting by DXY till and of 2016. Depends on the news, DXY could set up new trends for both bullish and bearish side in the channel. 3 lines are important for support and resistance levels with FIBO. 95.25 is the main point. The Index is looking for upside for...