DXY moves between the bearish channel, Now it's on strong support price @ 92.34. If it breakout the strong support and goes below 92.29 means it will bearish. Otherwise it will bullish until price 92.42
I believe the dollar is still starting the week strong following last week. The US Dollar sustained inflation as well last week which allows hopes for the Fed to raise the interest rates four times this year to allow the bulls to run.
USDDOLLAR is in a short trend from the looks of the Weekly and Monthly chart. If the current support level is broken, then we can expect it to go down 400 pips+ below until next support. Depending on the price where you sell, do attention to your SL. This is a good move to keep an eye on.
It seems DXY index reached it's support @ 89.43. Now there is a good opportunity to bullish until price @ 90.46
I expect the US Dollar to turn bearish for some time after this week. The bearish move will quite possibly begin on Wednesday if/when ADP numbers and the FOMC minutes disappoint Dollar bulls. Initially, the US Dollar should continue it's bullish pullback. But I don't expect this to last, due to fiscal policy concerns and the unlikeness of a June rate hike. If...
Hey guys, Here's my view in the Daily chart. I'm not planing any more sells, I will wait for trend breakout and look for flags to buy! - Hola chicos, Aquí está mi visión en gráfico Diario. No voy a planear más ventas, esperaré a la rotura de la tendencia y buscaré banderas de compra! Carlos
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...