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;
Here's another chart, with fibonacci extensions(monthly chart) to see the big picture: Dollar will get strength. More strength. Between the dollar and the stock market, they're going to save the dollar. Tested the weekly bottom cloud, now it's going to go up. Bullish flag/triangle done.
DXY is on point where it can short term bullish. We have one pending leg up to complete wave formation before it turn down for larger wave (4). We are having bullish view and still holding same until price prove it wrong. - See more at: beta.hoagtrading.com
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...
To receive analysis directly via email, please SIGN UP HERE Talking Points: DXY Technical Strategy: Neutral Support : 94.80, 93.15, 93.90 Resistance : 96.40, 97.60, 98.32 DXY can continue trading in consolidation. We believe it will be in triangle formation. Break above 98.10 will find resistance on weekly bearish trend line at 98.75, while...
The US dollar by 95.92 and 96.15 have an support,So, support for a rebound, the intradaily support at 95.9 is worth trying to trading.
Talking Points: DXY Technical Strategy: Bullish Support: 96.80, 96.29, 95.55 Resistance: 98.46, 99.66, 100.34 The DXY is maintained its bullish momentum after bearish trendline channel and not changed from our earlier post. Testing its bullish trendline. Break of it will expose next support level at 96.80 followed by 96.29. Alternatively, move above...
Talking Points: DXY Technical Strategy : Bullish Support : 96.80, 96.29, 95.55 Resistance : 98.46, 99.66, 100.34 The DXY is maintained its bullish momentum after bearish trendline channel and not changed from our last post. Testing its resistance level now at 98.00. Break of this level will expose next resistance level at 98.46 followed by 99.29....
Talking Points: DXY Technical Strategy: Bullish Support: 96.80, 96.29, 95.55 Resistance: 98.46, 99.66, 100.34 The DXY is maintained its bullish momentum after bearish trendline channel. Testing its resistance level now at 98.00. Break of this level will expose next resistance level at 98.46 followed by 99.29. Alternatively, move below the 96.80 will test...
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...
The DXY may be at the bottom of a potential Bullish Flag formation. Given the Slightly better than expected preliminary GDP number, this will be a possible set up into next week. At target of 99.25 which would complete the flag pattern and be at down trendline resistance dating back to mid April. With the EURUSD sitting just below 1.10 and the USDCAD pushing 1.25,...
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
Correction to uptrend seems simple zigzag where we reach 61.8% fibo level from A wave - very common level for C wave target in zigzag corrections.