The pair has reached an important support area , if it will trigger a rally, try taking a long position on the pullback.
We are forming our right shoulder, we might get an extension to the next resistance before heading down, price action shall tell us.
DXY has been trending up for all these while and it has reached a key resistance level. looking out or some bearish movements
hi, please see the update for dxy please like, follow and comment for more thanks
WARNING: BEARISH PRICE DIVERGENCE Higher Highs and higher Lows while price is consolidating and RSI & CCI are making Lower Highs and Lower lows Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout. We still expect US Dollar Strength but it seems we are starting to run out of...
The area around 95.74 has been an area of resistance for a while . This DXY seems strong enough with great economic news for US Economy, it should break it this time ? if it fails again then we go SHORT STRICT WARNING: If and only if DXY fails to break 95.74 then we go short from here otherwise we remain LONG
Everytime since US Dollar Index ( DXY) began its major uptrend on 15th February 2018, DXY has made : Higher Lows followed by corresponding Higher Highs i.e After every Higher Low its has rallied to take out the previous Higher High. So what can we expect this time : All the fundamental factors still point US Dollar strength for a couple of more weeks ( 3...
TVC:DXY 1 2 3 PATTERN : wait for price action
So here with the DXY (dollar) we have obviously seen very bullish movement. The dollar is very strong, I do not care what anybody says. The dollar is not weak. That being said, I am still bullish with the dollar overall this week as we also seen a nice doji & rejection right off our zone this week. A lot of false movement for those who trade the dollar on...
DXY: - As it is pulling back after a neckline break, but it also looks like a bias continues to form cypher pattern - If the break up exceeds the neckline (95) then the odds are still bullish with the target returning to area 96 as a potential reversal zone of the formed cypher pattern. - If it is unable to break above and break the low back above the previous low...
DXY: - Still in the uptrend channel - It has touched the support line - Being in the demand zone - Touched the .782 Fibo retracement - Wave 5 is finished - Bullish Divergence - Set to form Chyper pattern Bullish/Long: -TP 1 at 95.70 -TP 2 at 96.50 Invalid if drops through 94.68 low
DXY looks not to break the previous lower low, a big chance to strengthen again.
TVC:DXY REBOUND..? Hello! I have for you very interesting long idea Stop on the chart. All details available on chart, but if you need - please comment and let's discuss.
Cypher Pattern Rules: - Point B is the Fibonacci retracement of point XA of 0.382 to 0.618 - Point C is an extension of XA of at least 1,272 or between 1,130 - 1,414 - Point D is the Fibonacci retracement of the XC point of 0.782 DXY has the potential to form a similar formation, with point B of 0.32 and point C a little longer at 1.667. DXY also managed to move...
DXY Weekly Idea Wait for confirming whether break zone line or not. Case 1-> Break zone then placing Long Case 2-> Not break zone then placing Short
The last two weeks we have seen some bullish moves with the Dollar which broke the DXY out of a low range. However on a weekly chart, we can see it has now reached a descending trendline around the 93.00 level. Could this be a bit of a make or break move for the Dollar? With a break to the upside and push towards previous 2017 highs or a rejection and downside...
The Dollar Index has been stuck in this wedge pattern since the beginning of 2018. After a large fall from the 95.00 area it seems to have stalled and now deciding on whether to continue pushing down, or prove this wedge pattern is the bulls getting ready to go! Between 90.50 and 80.50 seem to be keen bounce areas for price to reverse so keep an eye for a...