DXY is approaching its support at 97.03(61.8% Fibonacci extension , horizontal swing low support, 23.6% Fibonacci retracement) where it could potentially bounce to its resistance at 973.70 (100% Fibonacci extension, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. Trading...
USDCAD is fastly approaching the key 1.3300 support level again as the price of oil continues to push higher. With the USD at resistance, we could see price break below the key support. If we see this happen and the market does close below, look for short opportunities on a lower timeframe at the resistance. With Oil close to resistance we could also see this...
In this video update, we take a look at GOLD as price consolidates at the key support level whilst the USD Index finds resistance. A break and close above the key highs will see GOLD head towards the key resistance highs and trendline. Look for short-term buying opportunities over the coming days if the USD can break below the lows of $97.00.
In this video update, we take a look at the US Dollar Index in order to look for trading opportunities for the week ahead. The DXY is currently finding resistance at $97.70, with seasonality also highlighting a bearish month for the greenback, the price could head back towards the $96.00 support. The 4hr timeframe suggests we could see a change in cycle if the...
DXY is approaching its support at 97.03 (horizontal swing low support, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where it could bounce to its resistance at 97.69 (100% Fibonacci extension , horizontal swing low support). Stochastic (34, 5, 3) is approaching its support at 5% where a corresponding bounce is expected. Trading CFDs on margin...
DXY is approaching its support at 97.03 (horizontal swing low support, 61.8% Fibonacci extension , 23.6% Fibonacci retracement ) where it could bounce to its resistance at 97.69 (100% Fibonacci extension , horizontal swing low support). Stochastic (34, 5, 3) is approaching its support at 5% where a corresponding bounce is expected. Trading CFDs on margin...
DXY is approaching its resistance at 97.69 (horizontal swing high resistance, 100% Fibonacci extension*2 ) where it could reverse down to its support at 97.03 (38.2% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal is expected. Trading CFDs on margin carries high...
DXY is approaching its resistance at 96.93 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 96.48 (38.2% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding...
Conclusion for today's analysis: Price action on an eventual breakout should move an equivalent distance of width indicated as a minimum expectation Price action for the DXY (US dollar currency index) is provided on a Daily timeframe with coverage of well over 6 months of price action. The chart patterns in consideration are an ascending triangle and also a...
In today's video update, we take a look at the USD again as we suggested yesterday we should see the USD bounce from the lows and demand zone. The USD index shows that the greenback remains rangebound and highlights the importance of waiting for the price to hit those key supply and demand zones before making trading decisions.
Dollar index will continue to drop testing 95.50 current price is rejecting fibo 50-61 area and constantly moving below WMA (dynamic resistance) the structure itself may form M formation and we need to see if DXY forming double bottom or reversal pattern
DXY is approaching its support at 96.80(61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback support) where price is expected to bounce up to its resistance at 97.25 (horizontal swing high resistance, 61.8% Fibonacci extension). Ichimoku cloud is showing bullish where a corresponding bounce is expected. Trading CFDs on margin carries...
bearish signal also on the daily time frame for the US index
on weekly time frame it started to indicate a bearish wave is coming
GOOGL, SHS pattern on W1: Down ! - Downtrend forming -> SHS pattern forming