The concerns over the second wave of Covid-19 has put US Economy into recession again, mostly on retail and manufacturing sides. However, double bottom on the chart gives us a hope that the US Dollar Index might recover in the short run. Key Trading Plan: i) LONG from the current price with the Take Profit Target at 97.84. ii) SHORT if the price breaks the...
This is what I expect DXY (USD index) to do. On M chart the USDX is on uptrend channel and currently trading at the bottom of channel. The index could reverse any time soon. USDollar USDollarIndex
Just a quick update on the status of the US Dollar following on from my previous idea linked below. If you would like to learn how AriasWave works with regards to understanding corrections visit my website. Please LIKE and FOLLOW to get notification of updates and future posts.
DXY US DOLLAR INDEX completing wave ii of 3 of C HIGHER. This jives and confirms my Elliotwave bearish analysis on the S&P Futures (SPX500USD) just posted. See link to S&P Forecast below. Cheers! Cyrus
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
USDCAD at the flipzone and could rally up once the USD is ready to move and would stop acting up. As usual trade with care and use proper risk management.
The US Dollar Index is currently on the verge of a very critical resistance, #DXY can be considered as an important leading indicator in the course of the markets on a global scale.. The increase of # DXY significantly reduces the risk appetite of investors in the markets and the demand for the dollar increases. In this context, examining the #DXY chart gives...
As I mentioned in my previous I idea USD has a a slightly different wave structure going on than the Euro. See, related posts. I am expecting the US Dollar to get extremely strong in a Major Wave 3. Stay tuned, more in depth analysis on the way once we break the highs. Please LIKE and FOLLOW to get notification of updates and future posts.
1. We have gotten a short signal on GBPUSD from our Silver Scalper strategy on the daily timeframe as our Range MA shows a downtrend (background Red) and our Bull/Bear has given a short signal. 2. If the market opens in the R1 range then you can consider entering short and remaining short until we get a Bull signal from Bull/Bear or Range MA shows an uptrend...
Comparison fractal of MCOBTC to USDOLLAR, very strange to see this correlation across such different pairs. Any thoughts? leave them below :) It can be seen that an ascending scallop led to a bullish breakout in both.
The USDOLLAR's green 5-hour EMA has crossed above its orange 10-hour EMA (green ellipse) and the RSI is above 50 (blue rectangle). These are bullish developments and suggest an underlying positive momentum. We note that the greenback has almost completed a flag pattern (red parallel trend lines). To complete we need to see a breakout to the upside. A flag pattern...
Seems like a Long trade setup after major breakout of Weekly Trendline
Here we see the daily chart of FXCM's USDOLLAR index. We note that the green 5-day EMA is above the orange 10-day EMA with good angle and separation. This is indicative of the strong upwards momentum of the greenback. However, technically, the index has run into overhead resistance (red shaded horizontal) at a time when the RSI is overbought (in excess of 80)....
We expect USD getting stronger and stronger against CAD and reverse of trends when it comes to midterm. Entry: 1.305 Stop-Loss: 1.295 Target: 1.327 Have a nice week! Follow for more
Candlestick matches in dollar price action (see blue boxes) and fairly clear impulse wave structure suggest a move now to 99, and possibly further advances. Buy 98 for 99, L 97.50, 2:1
Ascending inverse scallop, looks like the short term drop has already begun, looking for bullish continuation.