USDOLLAR Prediction for this week
Formation of Correction Pattern Zigzag .
Ascending inverse scallop, looks like the short term drop has already begun, looking for bullish continuation.
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
Quick Update on the DXY, we're seeing this downtrending trendline, price has been respecting. I'm looking for a loss of strength in the USD over this week based on technicals. HOWEVER, we have a lot of high impact news regarding the US Dollar this week therefore I would trade with caution. Be strict with risk management on USD pairs. If the dollar does in fact...
My forecast for the dollar since last week. Looking for price to head down to that trendline, based on technical analysis, we have the channel, resistance at the point it sold from. We have had strong sell momentum since last week and based on all the bearish news, I expect it to drop further.
After successful formation of bullish Shark pattern the price line of US Dollar / Japanese Forex pair Yen has formed another bullish shark pattern. Even though the price action has hit the sell zone upto 0.382 fibonacci but all indicators are still turning bullish therefore I am expecting more profit. MACD is turning bullish Stochastic is oversold and has given...
Dollar Index - Weekly chart - After patiently waiting ( for monthss!!) for dollar index to rally into the weekly supply zone for a reversal, we have now reached this point and can anticipate a share reversal/decline for dollar in the coming weeks to months.
The dollar index hasn't been past this 98 level since May 2017. With strong buying momentum recently and major news this week, will the dollar finally break above? This area is a key resistance level. Overall, I'm bearish based on Technical Analysis. Fundamentals, according to news websites, suggest a bearish forecast as well.
Price has been on an uptrend since January 2019 giving us a series of Higher Highs and Higher Lows, shown clearly on the Daily TimeFrame. Price has also been rejecting to push higher than 98.00 since April 2019. I have highlighted the MACD divergence seen on the Daily and 4HR indicating the possibility of a bearish run. Moving to the 1HR, price is sitting on the...
usd/chf will break 1.00 after break and retest of phase line... see previous post for analysis and trade config...
Hello traders, today we take a look @ the DXY We are nearing an important Monthly S/R level in which we can expect the next trend to take place for the U.S Dollar. A rejection and we can expect the DXY to target the Bottom of our Monthly Range. We will be looking for Bearish Engulfings via our Lower TFs. A solid High TF close above 97.25 and we can expect the...
Find Winning Trades In Seconds >> efcindicator.com (Special Discount) After a double top forming a bulltrap, It looks like we started an ABC correction.
The Dollar Index broke the important level and made a new low today, but rallied due to the weakness of GBP and some other things. Now it's rallying to that broken support level, time to sell it now!
Firstly fundamentals: Trumps specific policy, his trade wars, etc. makes me think, that US Dollar index is under big pressure, and it might affect with a bearish movement for that currency. In the other hand, if we look what happens on the chart, we can see really strong supply zone, that has been respected by DXY. In my opinion USD is going south, with the...
US Dollar - Daily chart Price is currently making a Rising Wedge pattern. We are expecting to see a drop towards the support level before an upside move. A potential Inverse H&S is possible.