Bullish divergence i RSI and MACD, should give it the lift in the start at least... TF30min...
TVC:DXY Safe Trades;
Hello Traders, There is a bearish Wolfe Wave, there is a possibility we will hit 5' so I would cautiously enter shorts in this trade. This also invalidates the previous Wolfe Wave chart I posted on CL1!. You can view that chart below.
DXY bullish divergence in RSI H4 chart LONG USD
i wont open new short position watch closely 95.50 structure res if dip to near 94, i will setup a long
Dow-Jones 16391 Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant. US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain ** below 16300...
USDOLLAR looks bearish for the beginning of the week with a reversal around the 162Fib later in the week. Have not yet checked the most "suitable" data-releases for a reversal in the coming week.
I see oil bouncing to 50% retrace levels followed by lower lows.
TVC:DXY AB=CD + BULLISH CYPHER PATTERN Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD Safe Trades;
To receive analysis directly via email, please SIGN UP HERE Talking Points: DXY Technical Strategy: Bullish Support: 95.37, 95.06, 94.84 Resistance: 96.55, 97.33, 98.01 DXY can continue trading in consolidation. Break of resistance of 96.55 will challenge next resistance level at 97.33 while break of support of 95.37 will find support near 95...
Not often seen published at TV, I think this DXY 240m is a "text book" example of the harmonic 5 - 0 pattern rules from SC Harmonic Trader Basic 5-0 Requirements The pattern incorporates 5 points within the structure (X, A, B, C, D), the starting point of the structure (0) can be the beginning of any extended price move. However, the initial point X must...
Potential Flag patterns forming on the DXY and the USD/CAD. There is a similar Bearish Flag forming on the EUR/USD close to TL Support. Don't know if the pattern will break going into the Long Weekend in the US but could be a setup for next week
DXY in uptrend from mid July 14. On 13th April 15 market fails to make new highs ( failure test, resistance of the prior high, 100.39 holds) and begins to form a double top reversal pattern, which was confirmed when market traded below 96.17 on 28th April. The market continued to sell of to trendline support ( see trend line on chart ) forming low of 94.39 on...
I'll mark myself down as long more as a technicality then a true conviction. In my opinion the charting suggest this is bullish, but I like to interpret our break through the multi-decade wedge resistance as a critical point (yet to indicate a particular direction). Despite every suit on CNBC calling the fall of the dollar, I would argue on a historical basis were...