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...
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...
TVC:DXY DXY Weekly View: Dxy Daily View :
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...
Controversial approach to the USD Outlook for the Year. Obviously affecting how we approach Makor pairs.
I think chart explains pretty much everything. -be patient and market will reward you ) Good luck!
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...
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 @ 5.30PM US Pending Home Sales m/m @ 7.00PM Timing as per PST +5 GMT. Expecting bad day for USD.
as seen in previous dxy chart, irrespective of the huge fed repricing the USD finished the week lower - not a word from the fed this week so expect a potential for a hike in europe, market is pricing in first hike in almost 3 years
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
94.80 $ is the target for head and shoulders pattern. if dollar break 99.24 will go down. pattern fail by break 103.65 to up ...
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