Wave 5 of 3 is probably over, if it's true, we have ABC correction, it's not true, the price come back to up from here.
#DXY (Update) Once again, testing the Major Trendline in 1D timeframe..!! So far Moving above the Trendline, if Trendline Broken, Expecting a Bearish Wave towards the 92 Support. Keep in Mind that Trendline getting Weaker after Every Retest..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in...
Elementary Analysis: The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies. Understanding the U.S. Dollar...
Hello traders. In the dollar index, I expect the price to drop to $ 94.5 in the first stage and $ 93.2 in the second stage after breaking the $ 95.4 level. Are you agree?
Hey traders, in the coming week we are monitoring DXY for a buying opportunity around 95.3 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
The dollar has posted its worst weekly performance in five months as it closes out the week. China's gross domestic product (GDP) is higher than expected is at the top of all of the other happenings this week. We will be keeping an eye on various data points throughout the week. It was the largest weekly loss in the general index of the US dollar since August...
Hey traders, above is DXY technical analysis as i highly recommend to analyze DXY at the beginning of every week if not everyday. that will help you to spot good zones for usd pairs.
US dollar Index is heading for deeper losses ahead of US retail sales release . The losses in the greenback has been shown in all its main peers on Thursday. Looking at the technical side, the US dollar Index broke from it's wedge formation and took out the ascending trend line support. With 100 Moving Average ahead of it, we could expect further decline if the...
Hey traders, DXY have formed a good bullish flag, that's a good sign if you are looking forwards executing some xxxusd short or usdxxx long the coming week. I highly recommend you to analyze DXY every end of the week if not everyday, that will help you to spot the direction of USD pairs and trade them in a more professional way. Trade safe, Joe.
Hi. As I said in my last forecast the gold will move up, and we saw the pressure of the news on USD so it touched the 4h trend and it got responded which we which broke the 15 min down trend and got pull backed... now we wait for our target. Here is my last forecast as I mentioned. Thank You and plz tell me what do you think.
We are still bullish on DXY. in the coming week we expect a little pullback from the supply zone before the index continues to push higher. the first zone in my eyes is 96.4 i highly recommend doing DXY analysis before market opening at least if not everyday. that will help you to spot important zones and directions of usd pairs and then trading the pairs in a...
Hello. After the failure of the set level, the price increases to the previous ceiling
I anticipate a selling opportunity in the coming week for DXY, it is evident that there is a triangle wave pattern with wave (e) ending at 96.43. A breakout of the triangle pattern is expected, with a target of 95 price level.
Hey Traders, in the coming week we are monitoring DXY for a buying opportunity around 96 zone respecting the daily supply and demand zone in combination with the bullish trend. Once we will receive any bullish confirmation the trade will be executed. i highly recommend doing US DOLLAR INDEX analysis at the entrance of every trading week if not everyday to trade...
US Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
Long position USDJPY at spot rate 113.05/08 Support area for this trade 1.1250-1.1275 Short term S/L 1.1247 Long term T/P 1.1550 Good luck !