Market is at the bottom of a Bullish channel and is forming a bearish dark cloud cover on the weekly Prior the market formed a bearish double top but failed to hold. Market found a strong level of support at the top of the double top. I see the market forming a Bullish head and shoulders with the right tip at the bottom of the channel. I expect the market to...
as we can see price couldn't break resistance, meaning that look for any dollar pairs like AUDUSD to potentially go short on.
I am expecting a double zigzag wave combo instead of a simple ABC correction before we see the sell trend. I am expecting a buy to 0.5900 regions.
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...
price holding support let's see how this hold the more bullish we see in DXY the more dump in the gold and bitcoin
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
The US Dollar approaching the neckline of a potential double bottom formation. Previous daily candle closed bullish, giving a sign that there's still bullish momentum in this market. This market has greater potential to Retest previous structure lows before deciding whether it will reverse or break the level by the end of this week. Will be closely monitoring...
Looks like it will break down forming the right hand of the M
US dollar took a hard fall this past week, now its found a level of support and has the potential to go on a bullish run to Retest the previously broken structure low. As long as price does not break the previous LL, buys counter trend buys are still valid.
The USDOLLAR can find strength this week as the bearish move has been over-extended now. If we see the 4H creating Bullish Structure, that will push the Buyers in and we can see a domino effect on all the above time frames like the Daily and the Weekly.
Big broadening wedge forming Hopefully the recent drops acts as a double bottom and pushes price back up into the wedge The recent touch of the fib transition line suggests the action through it will be bOOlish
short till 95. then buy again. upside target : 104
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: MONTHLY: (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...
Still long term bullish on the US Dollar, just had to adjust my wave count to suit advancements in analysis. The expanded correction in Green Wave 2 should finish off with a deep retracement in Red Wave E. As always I will be tracking these fiat currency markets and keeping you updated. Please LIKE and FOLLOW to get notification of updates and future posts.
here my view on dxy, if you bought at the bottom when we posted last week, take profit at the entry for the down side and sell check chart for more details pls like & comment if you wish to see more accurate set up like this Stay inspired ! Ali Dib
US Dollar Index had dropped between 103.00 and 98.29 subdividing into 5 waves, hence labelled as Wave 1. The subsequent rally was corrective and found resistance around fibonacci 50% retracement (100.93), potential Wave 2. Sine then, Wave 3 could be underway towards 94.65 and lower. A drop below 98.90 would confirm the above. Alternately, Wave 2 could be still...