Key levels for the week
96.40
97.70
98.15
- DXY moving choppy, entries only on clear setup or just let market breath till tension calms down.
- Overall will let market show clearer weekly trend till taking entries or using as a confluence on other pairs.
Weekly forecast/Sunday analysis highlights the overall market trend with key levels to get an idea of the...
If DXY is able to close below 98.27 in the coming days, then the index is may likely be exposed to drag to 78.8% fib level or below. This will be the gain for USD pairs...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
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USDCHF IDEA
- We can see price following a bearish channel
- Liquidity zone creating volatility in the currency price
- Golden ratio 61.8% touch on daily HH to HL
- Bearish momentum based on HH & LL
- Impulsive movement pending
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The survival of dollar index hangs on the balance. The index must rally above 102.54 in the coming weeks in order to avoid bears that are hovering around this level. Any further rejection at this level may likely see dollar index falling to test support level(s)
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Dollar index is at its weekly extreme optimism level and any price rejection could send it back to its mean or below. If no rejection occurred, then the easy path is still bullish
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
Only dollar index ended last week in positive out of the 8 major currencies. The dollar index briefly touched below 95 as predicted in our last week post. The outlook still remain the same with the index ranging. Expecting price rejection above 100.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
With dollar index weekly sentiments turning bearish, more lows are expected in the near future on the index. Likely to revert to its mean or pullback to retest some resistant levels before making new low levels
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
DXY Weekly forecast for 24th-28th Febuary 2020
- Last week T1 was hit at @98.9
- Furthermore using this as support price went and hit target 2 @ 99.35
-Going into this week we can see price dropped back too target 2 area from last week, This move could be looked as a healthy pullback to previous key areas highlighted
- Only reason to be staying in sells and going...
The dollar index optimism got rejected as predicted in our last post (see below), however, bulls can still move it a bit higher before the index revert to its mean on weekly. In all, weekly sentiments are now bullish, but a revert to its mean is most likely.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your...
Dollar index optimism is growing and there is high possibility that there will be rejection at the highlighted zone. If this happens, then the index will revert to its mean or commence the downtrend...
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
DXY Weekly forecast for 3rd - 7th Febuary 2020
- Last week Us index hit target 1 @98
- Created double top at target 2 area
- Completed this double top with a drop thru my key levels @97.75 and used this area as further resistance to second key area @97.4
- Going into this week with many aspects to take into account other than tecnicals - like the coronavirus
-...
After breaking above the bullish wedge, dollar index has rallied ending with 5 bullish candlesticks. The index is now close to a strong resistance which most likely will send the index to re-test its previous support. This inversely may be a rally for USD pairs
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
DXY Weekly forecast for 27th - 31st Jan 2020
- Last week both targets were taken out.
- Starting this week above broken resistance
- Best place for new bull entries will preferably at previous broken support now turning resistance around the 97.75. ( any pullback towards here will be great for new low risk high rewards entries.
- Going into this week looking...
USDCHF Weekly Forecast for 27th-31st Jan 2020
- Last week was looking for a pullback towards the 0.9720 area to start looking for shorts.
- Going into this week with price forming a potential bearish flag for a continuation to my first target set at 0.9645 ( will depend on DXY)
- The dollar index will deffo be used for confluence for the next moves of USDCHF...
