n the above chart, we notice from the left of the chart, that price was in a down trend. Soon, it establishes resistance level and drops lower only to rally back up to test the resistance. On successful test of the resistance, price drops back to make a lower low, forming the head and eventually makes the right shoulder. After this, price breaks the neckline...
DXY till the end of month 9 is what i feel and therefore EURUSD Down
The Dollar Index, DXY, dipped to 94.3 today. However, on the 4H chart, there is strong divergence at this point. Furthermore, since late April, DXY has trended upwards on the 4H chart. If the trendline indicated holds, and DXY stays above 94.00, I expect the dollar to recover. Fundamentally, I feel that a neutral Fed has already been priced in to the market,...
As you know a possible interest rate hike is expected to be released on Sept 20th - 21st. Dollar should see a quick boost long term thru 100s. Strong support at 96.
Resistance - 96.10- 96,20 -96,30 this is not investment advice
My Dollar Combo Index has been shaping up nicely on the count of the two cycles and I am seeing other items of similar process. I believe that we either had the bottom on 8/16 with the low at 11691 or a new low will only be a minor test and slightly lower. Based on the Count the suggestion to buy the open on August 18 would still hold. Stops can be low risk at...
DXY looks like wants to test of upper line of the channel watch for break.. May be a chance to buy more and more.. Thank you for your attention..
It looks like the Dollar index DXY looks to be bouncing off the bottom of the channel that has formed. Maybe on more push to the top of the channel.
On the longer term chart widening suggest break to the upside..
looks in an upward movement and is about to complete a structure/continuation.
Fib 1.618 at 92.684 can be a turningpoint for up ??.... watch priceaction, candles, wicks, any news that could be bullish for US-dollar coming days/weeks in May now.... Also oil and metalls can give some dowm-movement then.... Evt upside.... ?.... have fib 0.5= 96.580 and fib 0.618= 97.500 >>> blue box...... Notice the bullish divergence in all three indicator's...
Long the US dollar over a minimum 9-12 month horizon/b] Support around 92. Breaking out on the daily chart, however as it is towards the upper end of the channel it may be advisable to enter with a half size and add on the first pullback. Bond are grossly mispriced as central bank buying has prevented the market from signalling the inflation risk to yields....
Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75. A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here. The bullish view could, however, turn...
We are taking a pause now, but we are going higher soon. We have tested the lows now many times and they seem to be bullet proof. MACD turning bullish.