Muy firme se ve el gráfico que representa la evolución del dólar contra las principales divisas del planeta..
En zona de definición, a mi forma de ver por la estructura que deja el gráfico en la medida que no caiga debajo de 97, veo como inminente una ruptura al alza y posterior habilitación de los 99.50 como objetivo
Potential bullish Gartley setting up. Correlates with apex of previous symmetrical triangle as well as previous support. Retrace to the 1.618 could result in a bullish crab pattern. Weak but maybe unvalid bearish div starting to show.
We have a very clear model, you can see that the dollar is on the rise, the candles are above the Ichimoku cloud, we are above the 200 and 100 moving averages, you can see that according to the Stochastic indicator there is another time for the gains, the nearest target is the nearest resistance in the 97.70 area and the next stage will be a downward correction as...
As you know we are in some USD positions, and our eyes are now in the DXY, we need the dollar to gain some value.
We are looking for a possible breakout to the upside, our only preoccupation right now is that strong resistance.
In order to give us that confidence, we would like a strong impulsive candle to break this current correction, followed by...
Dxy bounced nicely off its support at 95.83 (61.8% Fibonacci retracement , horizontal swing low support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 97.73(61.8% Fibonacci retracement , horizontal swing high resistance,100% Fibonacci extension ).
Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur.
As long as DXY stays above the thick blue line , the bottom of the upward channel it remains bullish and I need to expect a continuation of the uptrend.
Haven't taken any profit from the short in the EURUSD from the 1.1425. I expect sideways slighly down correction followed by another wave up in the DXY and another wave down in the EUR/USD.
The technical analysis on the dollar is very important because if it is analyzed correctly most of your signals will be good.
You can see in the chart above that the dollar fell almost all of last week and stopped just above the moving average 200 which serves as strong support, another important point is the Stochastic indicator - we are in the 20 zone which is a...
Stop loss above the black line.
Those that want to play it a bit more risky. Move stop loss to a bit further up in case of a bull trap. (around 1.138)
Downtrend line has been very strong in terms of resistance.
DXY looks like it may explode upwards soon if good fundamental news comes out.
Targets are black lines underneath and longer...