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 Gold...
so very interesting level so after some bearish momentum and looking over a the DXY this still can move lower and would line up across the index for the dollar to gain strength for next week to around 98.55 if this is correct then this would sell off and line up with a strong double bottom to then buy this pair lets see how we open tonight and stay neutral still...
After violating the bullish wedge, dollar index could possible rally to 98 before meeting any resistance which could pull the price downward to re-test some other support levels.
N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades
We published the observed short term rally for dollar index last week (see chart below) AND IF the index can violate the swing high at 97.84, then we could possibly see dollar rally up to 98.30 before bears can be bold enough to attack. Again, longer time is still bearish and the index can reverse downtrend...
With the Dollar Index at the extreme bearish sentiment on the daily, the index likely to make a short term rally in order to re-test some resistance levels
The key is the fractal in the blue rectangle. The analysis shows that the fractal sequence in the yellow square has the same size. This includes the magnitude of the main trend and the magnitude of the correction amplitude. The first major difference is the blue rectangle. This is more important. In this rectangle, fractal modification occurs. Thus, the size of...
With Dollar Index creating higher-high and higher-low, there is high probability of the swing high at 98.45 to be violated and the bulls will take the index to the next target at 99.05. From there, a major reversal could be witnessed
Hi Traders,
DXY broken the 200 EMA on H4, I will be waiting for a pullback to start buying.
DXY , Buy on H4.
This means USD will gain strenght which is also confirming our XAUUSD analysis.
RR: 3.77
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The Dollar index was bullish throughout last trading week and I expect the same sentiment to continue for greater part of next week. However, market reaction between 99 and 99.50 is critical for all USD pairs to determine the next trend. Will price be rejected at this level for reversal or price will be violated. Seasonality do not favour dollar to continue to...
Not that I have too many views on these posts nor do I post very frequently - But my recent post regarding the dollar index has been a hit so far in terms of accuracy and precision with what the market has currently done. Irrespective of any of the news related movers, price has done as planned. Those who read my previous post about the DXY will have seen this...
