DXY breaking out of possible 3-4 yr bull flag, we take out the 2015-16 highs look to top of RED channel 108.85 range breaks that channel then upper level to 2002 highs is possible 121. Over that well then for insanity 160? yeah I know nuts. But DXY USDollar "cleanest" dirtiest shirt syndrome. I'm looking for the demise of the EURO, look to BREXIT, Italian...
DXY ( USD INDEX ) is the most important thing that you must watch every time when you will open trade.
and this is my opinion what will happening with DXY in this month August 2019
The real reason why supply and demand works.
For the US dollar index its not hard to read there was a massive drop from the big red candle (creating a supply area) and it is now making its way up to the initial price drop area. Based on Elliott wave pull back method we can foresee the 5 waves almost being played out except that we will still have to wait for no...
Dear friends,
Here is what I think for most of the pairs for the coming week. Have a great trading week.
AUD
• AUDCAD on Monthly broke the support last month. On Daily nice pullback off the EMAs and resistance. I would go Short with and order pending at the low on 15min chart to Short
ACTION: SELL
• AUDNZD is a good Long. But on 15 min it is bearish now however...
The dollar bulls are still well in control.
We could see a retrace to 100.48 which is at the 0.786 retracement level of the previous high at 103.82. An daily exhaustion candle at 100.75 could be a great signal that the bull run is done
This will also be closer to the longer term downward trendline
A break below 96.5 invalidates the uptrend
Hi there,
We are longer term bearish on USD it is struggling for more upside. Soon we will see a big drop on USD which will surprise the market.
How you can trade on this chart.
1. Price is about to test the top watch price action on 15 minutes time frame and look for sell form top and keep adding once price fall sharply
Or
2. Wait for the price to form...
Price has rejected off the top of the long term channel making an evening star formation, showing that a bull trap has been made to trap buyers & sellers quickly pushed price back below the yearly high resistance. Momentum shift now, will be anticipating that price will now look to make its way back to the bottom of the ascending trendline in the upcoming weeks ahead..
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please...
In August, I expect a HH on a monthly basis.
Latest in September threaten sharply falling prices. This development can help to guide the movements in the EURUSD.
So we are approaching the 31st of July, a day the US Federal Reserve is expected to cut rates. The market has already priced in a 25 basis point cut.
In this post I want to discuss why the US Dollar will remain buoyed, and likely break out higher, even though the Fed cuts rates.
Also why a stronger dollar exacerbates all the problems in the world.
If you follow...
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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DXY (Derived Data)
