As you can see, our analysis for DXY played out exactly how we expected it to.
From now on, we're looking for short setups.
When they move we move, so for now we're waiting for a good entry.
Let's see what they bring us.
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
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...
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...
The Dollar under the Monthly 50SMA is toast, doomed. Why? Take a look at the previous 2 major declines of the Dollar. The last one is on the chart and highlighted with a yellow ellipse. Recently price is worming around it (red ellipse). Once it is below the Monthly 50SMA again there is nothing to stop it from falling like a rock. Currently, the price is under it...
DXY has been in a consolidation area sine the end of January and hasn't been able to go any higher. We could expect it to break it's current support to continue the bearish trend it's in and fall even further down as there is yet no signs of strength.
Wish you all the best :)
DXY is looking to continue lower from current consolidation levels. We broke head and shoulders from my recent chart and now have been in a downwards channel and broke below that as well. On USDCAD news this morning, we didn't see the dollar push up any on a nearly150 pip spike in USDCAD pair and now USDCAD is about to breach 1.24. I continue to see weakness in...
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...
Today many Events From USA like
US CPI m/m
US Core CPI m/m
US Retail Sales m/m
US Retail Sales m/m
and few others. As Technically Strong support at 99.3 level and as Fundamental also data seems in favor of usd it data comes good and hold support we can see usd 100-100.4 level soon.
Stay long with usd till not breaks 99.2
Important day a head As Calendar
BOJ Press Conference with in 25 mins.
RBA Gov Lowe Speaks @ 2.10PM
Eur Minimum Bid Rate @ 4.45PM
Eur ECB Press Conference
US Core Durable Goods Orders m/m
US Unemployment Claims
US Pending Home Sales m/m
Timing as per PST +5 GMT. Expecting bad day for USD.
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...
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 ,