A perfect shooting star pattern on a descending trend line for the Dollar. Reversal at play off of this so expect some weakness for the Dollar this week!
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...
Analysis: I've seen DXY correctively retrace towards a diagonal resistance (trendline). & It is currently entering into a 2 day reversal zone. Hypothesis: I am looking for latent sell orders to kick in at these levels, and a final wave down will ensue. Price should trade down to a Weekly reversal area, where I have indicated by the blue arrow Risk...
It seems DXY reached it's strong resistance @ 91.40 * US Dollar stronger seems more stronger from last week. There is a chances to breakout the current sideways channel to Bullish trend if the market price breakout 91.50 price. * Otherwise it will continue the bearish trend for sideways channel.
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...
Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...
I can see a B wave is forming in DXY and trading the C wave is a good idea. Please trade with care.
Multi-day view: DXY price action contained in a multi-month bearish channel decelerating with new tops and lows, finally clearing the May 2016 lows. Current price action has so far stalled near the prior resistance area but I am likely to see a break of this area as there is a bullish divergence under play and momentum is supporting the view as well. So I am...
If dollar break neckline then conform its make head and shoulder pattern and its going to our Expected targed . Dollar and eurusd in positive correlation and eurusd also make Head and shoulder pattern , yOU also check our eurusd ideas trade with care and good luck positive correlation with euro Asad Ullah Jass
Watching the dollar to form the right shoulder of the reverse head and shoulders. Assuming that the low for the intermediate term has been formed, then this suggests that we are in a prime buying opportunity to test the long side for the dollar.
Firstly congratulations to those who took shorts on the previous idea (please see attached), very well done for clearing all targets on the handle. We are rolling with the dollar holding 100.xx post FED - we need to keep in sync with the dollhair to make our next few months a lot easier and it will separate the men from the boys, having a crystal clear map will...
Hi Seildev here. This looks remarkably similar to the DXY slip in May this year. - Point A shows the attempted recovery from 18th/May ~ 19th/May however fell lower within a day - Point B shows similar patterns which shows recovery however will fall within a day. Projected high move to hit 96.44 and fade. Projected DXY to be 94.5 by end of this month. DXY has...
The DXY likely to see more downside in the short term. If this is the case, other currencies should see an upside for the duration.
long with trigger pitchfork & end of correction zone (50%-61.8%)
failed to retest previous high. we should see it have a bearish trend down to the trendline plotted.
long it , to the trend , Then short it to the B AREA if the price goes up the red trend , and it is something really hard but everything in the market can be , so long it again to A Area see you after 7 years :=) , or if something really big happen ,and i expect the second one , Update idea
DXY major level of resistance: 103.40 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) DXY major levels of support: 92.00 (Fibonacci retracement, horizontal overlap support) AUDUSD technical indicators: RSI (34) is seeing strong bearish divergence vs price.
I would like to see bounce back to 100.33, reverse and break above 101 level to profit target at 102. Level 101 is very strong resistance level from multiple time frames. Otherwise close below 100.33 will open the way to 99.24