Talking Points: DXY Technical Strategy: Keeping bullish outlook Elliottwave Count: Nested impulsive count Analysis DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August month. Current count is suggesting more upside towards...
very trader noticed the extremely bullish week the US Dollar 0.26% had. UJPY, UCHF and many others went up and AU -0.26% and those ones went down very strongly. The question we must ask, is will this newfound dollar strength hold? And if it does, then for how long? I think the answer to that question is that it is likely to go up to the 105.00 area, perhaps...
Dollar index has rallied for two consecutive weeks and is now trading just a few pips short of the neckline level of the larger inverse head and shoulder formation. The neckline is seen around 101.65. Watch out for a failure at 101.65 levels next week, although that may not result in a major sell-off given we are still a month away from the Dec Fed. However, a...
Waiting for break on either side .. and price to confirm its mood Twill have affect on USD pairs
Short DXY with a Stop Loss just above last high ticks !!! With RSI falling this might develop into a double top !! Unless it breaks this for a new high !! Stop Loss: 99.20 Target : 97.38
Hello Traders, The following prediction for the US DOLLAR CURRENCY INDEX is not based on the election results per se. In fact, what I want to show here is that the chart has already determined which direction it will go regardless of outside interference. I expect the election results to act as a catalyst towards the targets defined and not the other way...
Small resistane in up chanel,maybe DX release power of strenght nearly!!
It could be triangle or any kind of corrective wave.
I think USD is possibly showing signs of weakness ...
Talking Point: Technical Strategy: Bullish Elliottwave View: Nested bullish count still continue and looking for higher values. Analysis DXY (Dollar Index) is looking bullish on long term view and minor / Intraday count also suggesting more upside in coming days. We are counting nested bullish count for wave (3). We are expecting nearest resistance on...
Im just keeping my eyes peeled ... If Dollar shows weakness, watch for EURUSD & GBPUSD pairs to go long temporarily
This is continue with our long term plan. However we are expecting consolidation in near term to correct this bull move. We are still targeting above 100 for dollar index.
weekly indicators have move into a bullish state and price appears to be heading to strong resistance at 100.
Odds are that we're seeing the resumption of the long term advance suggested by the 6-month and 2-month charts in the dollar. Right now, it's pending confirmation, which will materialize once price hits the 99,58 mark here. There are to logical targets for this rally, one 7.82 points higher, and the other at 116 give or take. If price manages to break above 116,...
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