The U.S. Dollar index is consolidating for the past 2 days within the MA50 and MA200 on the 4H time-frame (chart on the left). The RSI is indicating that such consolidating, within a Triangle pattern, is similar to the December 22-25 sequence, which after it broke ended lower with a new Lower Low on the long-term Channel Down pattern that DXY is in since late...
Following the stimulus news this week, there is a lot of talk around the USD and whether it will rise or fall as a result of the rescue package. I decided that it may be the perfect time to look at the (much) larger picture to see where we stand. This is a simple study on the DXY (U.S. Dollar Index) on the 1M time-frame, representing its Cycles in the span of...
This is an update on my December 04 idea:
The Channel Up is holding well and as the 4H MA50 (blue trend-line) continues to provide Support, the next Higher High target becomes 1.2300. See how the MACD is replicating the exact same sequence of the previous Higher High leg.
** Please support this idea with your likes and comments, it is the best way to keep...
Pattern: Channel Up on 4H.
Signal: Sell towards the 4H MA50, as the MACD made a Bearish Cross almost exactly where it made its November 09 Cross. Buy once contact is made.
Target: 1.2200.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **...
Last time I showed why EURUSD was bullish both on the 1D time-frame (targets were 1.1900 and 1.2000) but perhaps more importantly on the 1W time-frame where the post March 2020 price action resembles that of the 2017 rise:
Right now I focus on the 4H chart, where despite of the wider (rough) Ascending Triangle and its dominant Higher Highs trend-line, we have...
This is a cross time-frame study of EURUSD. Last time I talked about the importance of the 1 month profit taking zone of 1.1900 - 1.19200 and we've seen so far the selling accumulation of this level as it has been holding as Resistance for almost 2 months.
Th bright side on the short-term (1D chart on the left) is that the 1D MA50 is holding and as long as it...
Pattern: Potential Ascending Triangle (Higher Highs on flat Support).
Signal: Buy as the price rebounded exactly on the 4H Golden Cross with the MA50 so far supporting. The MACD is also on a Bullish Cross.
Target: 1.1900 (if the 1.18420 Resistance breaks) and 1.2000 (if the 1.1920 Resistance breaks).
Recent EURUSD idea:
** Please support this idea with...
Scary as it may seem, the price action on the recent consolidation, along with the MACD, have formed on the 4H chart a pattern much similar with the April-May sequence that led to the collapse of June and July. The first low before the recent Bottom was made on the 2.618 Fibonacci extension, as seen on the chart. If we apply the same parameters, we get 89.500 as...
EURUSD is trading within a long-term Channel Down on the 1D chart (left) that made yesterday a Lower High and a Channel Up on the 4H chart (right) which has just crossed its Higher Low trend-line.
It is hard to know which of the two pattern will prevail (i.e. the 1D Channel Down with its Lower High rejection will break the Channel Up downwards, or the 4H Channel...
The Us dollar index shows all possibility for a fall in price at it is currently around our confirmation region for a sell.
We expect a breakout of this level to pave way to more down side.
Target and invalidation level is as shown on the chart.
Kindly like and follow us to get more of this.
Pattern: Channel Down on 4H.
Signal: Sell either on the key trend-line (dashed) or on the Lower High trend-line of the Channel Down.
Target: 1.16250 (Lower Low).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free...
Pattern: Head and Shoulders on 4H.
Signal: (A) Bullish as long as the price trades above the 4H MA50, (B) Bearish if it breaks below.
Target: (A) 1.1950 (right below the neckline of the H&S), (B) 1.1770 (right above the Support).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations...
Pattern: Channel Up on 4H.
Signal: Buy as long as the Higher Low trend-line holds.
Target: 1.2000 (the current Resistance).
Most recent EURUSD signal:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via TradingView coins also help me a great deal at posting more free...
Pattern: Channel Down on 4H.
Signal: Sell as the price just broke the 4H MA50 and is approaching the Lower High trend-line of the Channel Down.
Target: 91.35 (Lower Low of the Channel Down).
Most recent signal on DXY:
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via...
Pattern: Channel Down on 4H.
Signal: Buy as the RSI and MACD have hit their respective Support levels, with the price already near the Lower Low trend-line of the Channel.
Target: 92.85 (potential contact with the 4H MA50).
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
!! Donations via...
