I am looking for a double bottom, without significantly breaking through the previous highs. The facts that it didn't touch (missed) the support trend line and that it didn't make break from the old resistance are short term bearish of the USDOLLAR. Also it is below RSI 50 and its momentum is clearly bearish. When the indexs gets near 12260 and the RSI 30-35, I...
If Fed rate hike will cost consumers $1.6 billion in credit card interest - you all know what that means- right? in one word = SHORT!
Hey Traders, We have been analyzing this structure for a few weeks already in DXY (US Dollar Index) We are expecting a fifth move in the diagonal and then a breakout towards to the -0.27 fibo level potentially. When this happens, all USD pairs will be affected. - Hola Traders, Hemos analizado esta estructura durante semanas en DXY (Índice del Dollar...
Hey Traders! My mate @ashalker and I have been looking into the U.S. Dollar Index. We see a clear motive wave (12345) or Elliott Impulse. We will look into smaller timeframes and look for buy setups! Carlos
The Fed's uncertainty is providing momentum for the dollar's sell-off, however and interest hike is still not off the tables and this will push the dollar higher to ultimately test its yearly high of 12,306
SHORT DOLLAR AT 12169. MAJOR RESISTANCE LEVEL. STOP LOSS JUST ABOVE THAT LEVEL.
dollar is heading up if the opec meetings on november go to plan in cutting oil. Also the dollar is retesting 12100 to 12160 until the interest rate decisions.
DXY is finishing wave (E) to complete Y of a running flat pattern.
Hello Traders, I'd look to sell the breakout of the 2-4 line, if we get a consolidation after that, look for a retest of the 2-4 and enter a short at that level as well.
Hello Traders, A while back I posted a Bearish Wolfe Wave on the Dollar Index(Linked below). That is a weekly view of strength of the dollar. Zooming in we can see that the dollar is not quite ready to make a move to the downside. Here we have a perfect setup for a bullish move. 1. The larger Wolfe Completed at 5'. This give the Geo's Off-Set Rule @12211 as a...
Shorter term view: determinism + free will = controlled free will
This is the longest USD chart I could find. Again, determinism + free will = controlled free will.
The USDOLLAR index has broken its upward channel and now seems free to go to the next resistance level of 11855. This couls spell a short term rise un EUR and GBP v USD.
The USDOLLAR index has reached the bottom of the upward channel it has been maintaining for months. The last candle is indicating that the index is ready for an upswing, the stochastic indicator confirm this appreciation. It is time to watch related pairs like USDJPY, GBPUSD and EURUSD for good trades.
UJ seems to not care but continue to drive down south.... I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either. 113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)