Dollar index will continue to drop testing 95.50
current price is rejecting fibo 50-61 area and constantly moving below WMA (dynamic resistance)
the structure itself may form M formation and we need to see if DXY forming double bottom or reversal pattern
H&s pattern playing out as expected so far! we are very close to the left shoulder top which also happens to be the FEB 2018 Peak before the massive dump
"Notwithstanding they would not hear, but hardened their necks, like to the neck of their fathers, that did not believe in the Lord their God." 2Kings 17:14
I can’t stand internet tracking. It makes my life absolutely miserable, and no matter how hard I try I can’t get any privacy. The last thing I want to do is sit down at the computer with the intentions of...
Custom Index Price - Volume Leaders and Laggers ... vs the Market (SPX)
Custom Index based on data retrieve 21 March 2019 - Top 5 Stocks Leaders and Top 5 Stock Laggers...
Data from : www.barchart.com
Dovish FOMC statement has led DXY to Drop down to 95.7 and break the bottom line of the channel . It's believed that after pullback to bottom line of the channel which has happened , is appropriate time to having short position ...............
DXY : Sell
T.P : 95
S.L : 96.7
DXY Forming Higher Lower For A Change of Direction - As soon as it has made the new higher low I will be able to draw the EXACT angle for the next move to the upside on the 60min chart.
These are all time-frames
Bear in mind DXY has to hold and NEVER close below the thick blue line of uptrending support...
A bullish statement for the idea that I published under my thesis. I feel the need to start clarifying my standpoints, although my goal was to operate under nuetrality I may have found I have a higher calling in the form of leadership. I am heavily biased towards a stronger dollar, and I think the above ascending triangle resembles the same sentiment on the chart....
Stock Indices use a portfolio of representative companies (usually spanning major industries) to reflect the status of the whole stock market. There are basically three kinds: global, regional and national. Global indices include companies regardless of where they are traded. Regional indices include companies from a certain region and national indices include companies from a specific nation. Stock Indices are used to get an indication of the market's overall direction. Some analysts use them as a barometer of the underlying economy.
Indices can be comprised of tens to hundreds of stocks and each index calculates the weighted average differently. Some weigh the stocks equally (equal weighting), others take company size into account (capitalization weighting) and others use a hybrid method (modified capitalization weighting). Stock Indices are tradable entities themselves. A currency index is a measure of the value of a specific currency relative to other select currencies. Indices like the US Dollar Index or the Euro Currency Index are used to gauge the strength of those respective currencies.
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