As previously discussed on Sept 6, bullish trend continues. Vertical price objective of 112.25
In this update we review the recent price action in the dollar index and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
In this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
The US Dollar has broken the bearish trend line and broke two previous highs. This may lead to a change in direction towards 110.265-110.920 if it can successfully break 105.840 and retest it. The red lines mark potential reversal prices but should not necessarily indicate a change in direction. Please, don't follow my signal blindly, trade based on your own risk.
Greetings everyone, I hope you all had a successful week with profitable trades. I am pleased to share with you my ideas created through the application of the Elliott Wave Principle. It is important to make informed decisions and exercise patience in all your transactions. Please refer to the chart for relevant details. I am grateful for your ongoing support...
IN this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
Update: same chart, same timeframe, wider view. Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
Chart mapping/technical analysis of ICEUS:DX1! for developing short-med term Intraday Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
In previous posts I already showed how DX is moving towards the CL. It failed two time, then they cleaned out the Stop/Losses and now DX is on it's way to the Center-line. Now that we have good confirmation, it would be a no brainer to load the boat even more on a pullback at the CIB line. (yellow).
So, here we have the USD Index at the Centerline at a balanced level. What if the US$ starts go north? I would say, markets, which are btw. also totally overbought, are tanking. This scenario is on point with the CPI today. Obvious or a fluke? As always, anything can happen, even a new spike in the Indexes.
Dollar has entered long term bullish territory for the moment. Look to enter on pullbacks to support.
IN this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunities and price objectives to target PAST PERFORMANCE NOT INDICATIVE OF FUTURE RESULTS
Descending Triangle Breakout Likely in DXY . Very Bullish Structure Very Bad for Metals
The DXY chart for the next few months. Retesting previous support, curving over the 3d 50sma, under the 3d 100sma the fate of the market rests on dollar price action. The dollar's fundamentals don't need to be bullish for this to move up. The dollar's fundamentals just need to be better than other countries' currency fundamentals. With the CNY being devalued,...
After breaking first attempt, which I called as temporary correction. (see previous post) We tried to get back in there once, didn't happen. Maybe we go in second time again.
Dollar can now be seen as extended on the daily chart. Momentum towards the upside is too strong and not sustainable and a stall in price will likely happen soon and if lucky, a retracement. Short opportunity: At market as High Risk trade targeting 102.875 as Take Profit - 1 level