HELLO TRADERS,
Look for an up move to 99.0 / 99.2 range to complete an ABC pattern, after which we will have to re-evaluate how the price action reacts to that zone.
We could head back down again to complete an even bigger ABC / WXY pattern. Either way, ill keep you posted.
Check out some of my other ideas posted under 'related ideas' down below.
Don’t forget...
Hello everybody hope you all doing well.
Here we are with the dollar getting boring as far as it can.
1. we have three Green support boxes below, any of them could work.
2. Channel: One uptrend sharp channel has been created into another slower (it may breakout the smaller one and test the big one).
3. EMAs: Upside and right below the price.
4. Oscillator: it...
Hello Traders!
Today we analyze the dollar index.
Price approached an important zone. DXY is at support level 98.12 and near the support line.
But! on the other hand, there has recently been a false break of an important level, followed by a rollback to this line, so the dollar index still has the potential to fall.
I choose growth from this line since the trend...
Just focus on the two small channels.
The red downward one and the blue one.
The red one is considered as a corrective wave down to the green channel.
The blue one is considered as the impulse wave inside the red one and its also targeting to test
the green channel.
The possible position for both is 97.5.
So we would suggest DXY drop down to 97.5 before...
- Federal Reserve is set to announce whether they will cut interest rates or not. President Trump will certainly be hopeful that federal reserve chairman Powell will be aggressive and cut rates to help devalue the USD.
- If the federal reserve remains hawkish on the US economy, President Trump will try and reverse the US strength.
- USD Index shows the USD dollar...
DXY reversed off its resistance at 98.71 where it could potentially drop further to 98.19.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Hello Traders!
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
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)
