maybe something like this, or possibly a lower breakdown B4 DXY can get some momo
Here is my $DXY chart heading into next week, I can't be bulls on #oil or #stocks or #cryptocurrency as long as #dollardemand continues to grind higher, & if we look at other dollar pegs ie.. euro peso we see that $USD is destroying things outside USA #NDX $BTC #SP500
this is what I am thinking guys, dollar wants to test 101 and will probably bust thru which is bearish for oil and stocks and crypto. Now even if we do not have the A gym Triangle in play we can see clear levels of S/R in play and 101 is up next. if this is actually the bullish case then this will be the 3rd attempt in a couple of months to break this level ...
Pattern: Rectangle on 1D. Signal: Bullish as a candle of such strength has led to a new (Lower High) within the Rectangle on all 3 previous occasions. Target: 100.80 (Lower High on the dashed line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
DXY is winding up like a coil guys, if this breaks to the upside, all hell will break loose.
#DXY is preparing to rewrite a story in its historical cycle.. Looking at the #DXY monthly chart; We can see that #DXY movements have been in a wedge pattern for many years. The point I want to draw attention to here is that # DXY is a well-functioning historical symmetry in the market cycle.. Local peaks in Wedge pattern usually appear in February, while...
Pattern: Fibonacci retracement. Signal: Bullish either on the 0.618 or 0.786 level based on the previous similar sequences. Target: 104.50 (slightly below the -0.236).
Dates in the future with the greatest probability for a price high or price low
Market Shift has occurred on the DXY during the last quarter of 2018 with equal lows at 93.20 being run to take out short stops. A retracement higher throughout 2019 saw price struggle to move higher to the 100.00 round figure number.this being 61.8% retracement of the previous swing. We had a entry confirmation on the SAR and ADX confirming to go short with a...
The DXY is finding support, let's see if it holds. Good luck
DXY started to move down continuously . Now it is targeting fibo 50 level on 4 hour tf. After channel break on 15 minutes it would be best for go short.
Chart is down trend . Price is about to hit the third retest. Making a falling setup of Doller. After successfully channel break at down i sell.
If you thought the dollar was on its way to a new high, think again! Last week, the dollar was on a strong uptrend until it stopped at the resistance line at $ 98.3 and started to fall. The Stochastic also indicates a trend change or a trend ending. The Ichimoku Cloud Indicator changed to a red cloud meaning a bear cloud Target: 97.5
A bearish trend on the daily graph according to the Ichimoku Indicator. The dollar failed to generate upward momentum and returned to fall, the dollar entered the range between 95.4 and 97.4, because of our proximity to the resistance line and the other reasons stated above our recommendation is to sell. Target: 96.2