Over the past week the dollar has gained some strength. This may also be due to the reaction on the monthly trend line support that could have caused this. I personally was waiting for 93.50 to be broken before i could conclude the bullish bias which has happened. However placing buys on the dollar right now may not be the best decision as we can expect a...
DXY has managed to break the 4hr support as stated in my prior post. This gives us a clear indication that the sellers have not lost momentum in any way they are still pushing the dollar down. COT reports also show how the hedge funds and institutions have more short positions than long meaning that they are very bearish on the dollar, hence we keep seeing...
DXY has shown a lot of bearish pressure over the past few weeks. The higher time frames have given us this information that long term the dollar will lose value. However short term the dollar continues to entertain buyers from time to time with the retracements on the 1hr time frame. However 1hr/4hr/daily are all bearish so placing a buy were the market is...
It has been a lousy week so far due to the movements with the DXY. At one point the dollar seemed to be gaining strength but that strength gain was short lived. The dollar then began to consolidate giving the Market Makers the opportunity to collect as much contracts as possible to confuse retail traders as usual. Finally a break has taken place indicating where...
Yesterday the dollar showed strength and gained some value which affected the major pairs positively and some negatively. At this current point it is very challenging to gauge what the dollar will do next as it has created a lower high which shows sellers being present. However, the trend is still respected as the buyers still have the power. At this point i...
Short term we are bullish and can expect the dollar to gain some strength in the coming week. This gives are an opportunity to catch potential day trades on the major pairs. Keep in mind that the major pairs have to also align themselves according to structure before you can think of pulling the trigger.