Here I apply the same ending diagonal count as the EURUSD, this market has slightly different waves but still the same thing.
The main difference here is the distance left until it reaches the lower channel.
No it becomes even more obvious that the US Dollar is very close to completing the Wave 2 correction since 2009.
The reason for the channel is because I am...
Trade update for a short sell recommendation on the DXY (U.S Dollar Index)
The Dollar is structurally weaker across the markets based on the following fundamentals.
1.) Lower interest rates in the U.S no longer makes the U.S Dollar an attractive high yielding currency.
2.) Negative $1trillion current account balance.
3.) $2 Trillion Fiscal stimulus package in...
In this special idea I will breakdown everything the US Dollar has done and what it is about to do.
Do you need proof? I have proof. If you don't have proof you're guessing.
Don't guess when it comes to the markets, know exactly what is happening or get out.
I have linked the previous few ideas below that are related to the US Dollar.
Please LIKE and ...
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We are currently analyzing a possible inverted head and shoulder which shows a reversal chart pattern that the previous downtrend might has ended and the the former uptrend may resume.
We expect a retracement to the neckline and a candlestick confirmation to trigger the buy order. Target is as shown on the chart and the ideal stop loss should be set below the...
After a bullish start to the week the US Dollar Index has taken a bearish turn, with price now re-entering the region below the psychological level of 93.00. On the 4H chart we can see that although price broke and closed above the 50 EMA, it failed to do so on the 100 EMA.
It is now about to enter a zone of support where price has bounced from previously,...
The triangle preceded the 5th Wave. After the end of the wave 5 , the rapid correction in the opposite direction began.
Next week we expect more upside, after correction in to the potential reversal region marked on the chart
US dollar - Multi-year bear market or another dead cat bounce?
DXY is testing the lows of a 9-year channel once again since Feb 2018. Considering FED QE Program, overall economical settlement, trade war with the world's new emerging power (China) and political situation in the US, dollar might be on a verge of a free fall and multi-year bear market.
In this video I go through the key differences between the recent price action in the US Dollar and how it compares to the EURO.
Below I have linked the EURO idea so you can compare and see the differences.
Everything is easier in hind sight but the AriasWave methodology allows you to still profit from these moves.
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I thought I would show you my view on what the US dollar is doing in relation to the start of this C Wave.
The leading diagonal appears differently here with alternation between waves ii and iv displayed perfectly.
Waves i and v are similar in length which adds to the supporting evidence that this is what we are seeing.
For Wave 2 we are still in Red Wave C and...
The multi-timeframe analysis for DXY shows the short term bounce towards 98.80 before heading lower towards 92.
Following is the step by step break down of the analysis from higher to lower TF's:
(1) Bearish due to bounce from the long term down trendline acting as resistance.
(2) The bearish divergence comes in play between the leg 3 & leg 5 of the...
Following FOMC yesterday, DXY has broken the trend line channel support and now is trading at 97.15 which coincides with horizontal support.
We believe that we assist to a chance of trend and we can expect the index to fall to the next support at 96.00