We take a closer look at the US Dollar Index and the makeup of currencies within the basket. If you don't want to trade the Individual US Dollar currency pairs we can sell the Index as the Dollar continues to weaken across the currency pairs that make up the Index. We look at entry price strategies below a key technical support level 92.00
as we can see price couldn't break resistance, meaning that look for any dollar pairs like AUDUSD to potentially go short on.
All info can be found on the chart. DMs are open!
The scenario above is an incredibly bearish macro trend I have noticed in the US Dollar Index. The base trendline shows a convincing downward trend that has been forming since the start of the 1980’s. Peak 1 shows us that the strength of the USD was at a peak of 164.72 in March of 1985, representing a +94.37% increase that occurred over the course of 1,796...
one more down leg possible. watching 89-90 for a bottom & reverse.
In this video I chat about the evidence that shows the US Dollar is in a bear market. Now that we are seeing the B wave take shape we can begin to anticipate future price action. Check out some related ideas below. Please LIKE and FOLLOW to get notification of updates and future posts.
Looks like it will break down forming the right hand of the M
US Dollar Index (Monthly)- Breaks to the downside long term uptrend.
I have set two pending at key levels I want to see price trade back into before adding more Long positions on Silver. Please be mindful we do have some news in the NY sesh for USD which is when i expect to see these levels run. Both of these positions offer great RR. Don't forget Silver is known for rape spikes so don't get caught with your pants down. Here are...
OK whilst we are at the waves and loving them. Let's pay homage those out there that like to risk big money :) See my related ideas below where I do it AriasWave style. Please LIKE and FOLLOW to get notification of updates and future posts.
In this important timely Wave Revision I break it all down using my latest analysis techniques. From the beginning of the chart until the end the detail is greater than ever. Complete with entry levels which have been triggered today. Today is a good day to be a follower of the AriasWave analysis methodology. Please LIKE and FOLLOW to get notification of...
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...
Down trend correction is not done yet. DXY should correct till 97 then up trend continuation. 100>>97-96.5>>above 103
Updated TA from my previous post. This time on the 4H. Sellers held 100.75 and are now fighting for 99.80. If buyers take control here then we'll see a possible technical event in the yellow box with a confluence of: -multiple moving averages -100.00 handle where sellers can reject price from once again. Biased to the downside for reasons stated previously.
I think it's time to short the dollar and buy some Kwacha. Price perfectly bounced off the 200% fib level (K18.94 / $1) on the monthly time frame matching up the same price at 261.8% fib level on the weekly time frame. Going long term, I am seeing a week dollar and some Kwacha appreciation. I expected the Kwacha to appreciate to about K17/$1 and K15.41/$1 IF...