DXY going up now, good to take some profits :D Good to buy some again the CAD, nice 4hr chart on there.
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 :) Happy trading!
The US Dollar Index is seen to be stalling around 96.20/30 levels at this point in time. looking to resume lower again towards 94.00 levels. Please also note that the US Dollar Index has retraced just above fibonacci 0.618 levels of the recent drop between 97.00 through 95.00 levels respectively. A bearish reaction here is anticipated with bears taking back...
The US Dollar Index bears have taken a break now allowing a counter trend rally since recent swing lows at 95.00 levels. The pullback rally could be just complete at 95.90 levels or could be complete just around 96.00 levels going forward. Please note that prices are quickly approaching the fibonacci 0.618 resistance of the recent drop between 96.96 and 95.00...
The US Dollar Index managed to test recent swing lows at 95.65 levels yesterday before pulling back. It is seen to be trading close to 96.00 levels for now and looking at the short term wave structure, it could produce a complex correction, rallying towards 97.00 levels before resuming lower again. The higher degree structure remains unchanged with resistance at...
The US Dollar Index might produce surprise intraday rally but that should be considered as opportunities to go short again. The index might have carved a lower high at 97.00 levels on Friday and ideally prices may remain below that, going forward. At the moment, it is seen to be trading around 96.00 levels and is expected to be capped below 97.00 in case of an...
The US Dollar Index dropped to 96.65 levels yesterday while action was lacking in the currency segment. The index has now taken out initial price support at 95.65 levels and is pulling back higher, trading back higher towards 96.20 levels. The presented wave counts are indicating that the US Dollar Index could be preparing to drop lower towards 94.00 levels...
expecting this if line is broken, so watch out
We are forming our right shoulder, we might get an extension to the next resistance before heading down, price action shall tell us.
as previously mentioned. dXY has now hit the top and reverseved back as said before. expecting this to continue down like, follow and comment.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
DXY -- LONG ( Long-Term 6 to 36 Months ) . The chart explains it as per the Big boys analysis. The general consensus is that US Dollar will continue to out-perform other currencies , so my perspective is that in general the BIG BOYS are LONG USD unless that changes and conditions flip then we go short . NOTE: we are traders not investors , we care less...
Hey folks, 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. Happy trading:)
DXY has been trending up for all these while and it has reached a key resistance level. looking out or some bearish movements
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...
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...