The US Dollar Index has reversed lower after printing highs at 97.71 levels last Friday. It has also produced an engulfing bearish candlestick pattern on the daily chart yesterday indicating a potential bearish reversal ahead. It is seen to be trading around 97.13 levels at this moment in writing and a break below 96.36 levels would confirm and accelerate further ...
DXY would have trouble if it push up again with RSI DIV on daily chart.
Our last idea was saying the possibility of 98.70.
However, DXY is giving us another possibility in the first two trading days of this week.
That is why usually we would love to make a call after Monday.
The red trendline is considered broken now and DXY might
rally up to retest it if FED ...
still stuck around our red rejection zone. the range is getting choppier and tighter
1- divergence on daily nd h4
2= trendline
a break below the grey zone , sell trade activates.
Monthly Bearish ABCD Setup for 2019 forming on DXY.
EU is also set for a rally to the upside beginning in first quarter 2019.
Given that the dollar could very well enter a bear market here I fully expect that the deflationary period we've been experiencing will soon come to an end and that an inflationary period (possibly hyperinflation) could soon slam US ...
In this video, we discuss what we need to see from the USD going into the FOMC meeting tomorrow.
We are expected to see a hike of 0.25% which typically does see investment into the currency. However, we feel the FOMC may disappoint with the statement on future rate hikes.
If this happens we need to see the USD break below the trendline support and zone support of ...
I just spotted a rising wedge on the DXY weekly chart which started with the dollar uptrend in early summer. As concerns over slower global growth increase over time , the Fed may shift its forward guidance and turn more dovish on its last 2018 meeting in the next few days. Combined, this bearish chart formation and maybe a more dovish tone from the Fed might end ...
The US Dollar Index had print higher on Friday by just 1 pip. It touched 97.71 levels before reversing lower again and is seen to be trading around 97.30 levels at this point in writing. It is too early to confirm a bearish reversal at this moment, but a break below 96.36 levels could be seen as a confirmation. Please also note that the next resistance is not too ...
DXY forming and ABCD pattern? We will see soon enough. Nice breakaway gap today in the morning, with follow through during the day could signify a trend change. With FOMC looming, this could some forshadowing play. GL to all!
My predictive analysis models are suggesting this week will be setting up for a major bottom reversal pattern in the US equities markets. My custom Smart Money index is showing signs of divergence that agree with this analysis. My suggestion would be for skilled traders to continue to hunt for bottoms before the end of this year and prepare for a massive upside ...
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies. The following six currencies are used to calculate the index:
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TVC:DXY
