The Dollar Index quarterly chart has an uptrend signal comprised of 20 bars that has hit the target ahead of time. To make things more interesting, the range expansion rally near the top is about to fail, meaning that price might not reach the target on chart on time. If this were to happen by the end of the year, a retracement of the whole advance would be a...
after a very strong move down the eur/usd will have to give back sometime the e:u starting to show diverenge but is currently sitting on a massive fibonacci pivot point cluster ! on the fundamental side the big push down was driven by the rate hikking situation on the usd versus the ecb annoncing quantitavie easing , now that the question seems to be more on...
WEEKLY CHART - Keep your eye on the Euro. We are getting closer to a break. If the break has legs then it could run for a few weeks.
There's a distinct possibility that we will see either a major correction or a larger scale reversal in this pair, in 3 weeks or sooner, according to the methodology that I use, which is time at mode. For the channel enthusiasts, we got an intermediate term downtrend channel top upper barrier above, in the area of very strong resistance, which I derive from my own...
If break the 12086 than next target 12095 possible. Also possible further downside to 12054.
To receive analysis directly via email, please SIGN UP HERE Talking Points: DXY Technical Strategy: Neutral Support : 94.80, 93.15, 93.90 Resistance : 96.40, 97.60, 98.32 DXY can continue trading in consolidation. We believe it will be in triangle formation. Break above 98.10 will find resistance on weekly bearish trend line at 98.75, while...
i think like this , until break line , we can expect ret
Before every week of trading , I like to sit down and check out what the markets will be doing this week , and how I can ease into the earlier part of the week without losing money. The Us Dollar is the perfect currency because we have several major components at our finger tips. the Dow (above) is the first one we will talk about. This week the Dow is moving...
Talking Points: DXY Technical Strategy : Bullish Support : 96.80, 96.29, 95.55 Resistance : 98.46, 99.66, 100.34 The DXY is maintained its bullish momentum after bearish trendline channel and not changed from our last post. Testing its resistance level now at 98.00. Break of this level will expose next resistance level at 98.46 followed by 99.29....
Dollar breaks its upper resistance of 96 on daily scale.. DXY has now entered in wave 3 of wave 5 !! ABC correction is complete since DXY has broken it's upper resistance !! With First Rate Hike Expected to come in Sept : DXY will continue to rise ahead because of more Dollar buying by debt laden countries !! Expect some more fireworks ahead in all...
I'm not trading it, directly, but always in sight of course
The US Dollar has formed a symmetrical triangle during this period of consolidation, as seen in various currency pairs in the forex market. With the bullish sentiment the US Dollar is still holding on to, we can likely see the dollar break above the symmetrical triangle. After the price breaks out above, we can then look for an entry to continue the ride up.
Elliott Wave Pennant ABCDE - Daily Time frame I see: Top of wave 3 at 100.39 3 wave a-b-c structure down and then a reversal to the upside. Have made a-leg up with a break of channel and b-leg retesting broken channel support C-leg is on its way ... Trade what you see @BLawrenceM Music at work: www.youtube.com open.spotify.com Time is money, a phrase used...
Downtrend failure inminent, I suspect the OPEC meeting outcome will seal the dollar and crude oil's fate here. Analysis on chart, we have what looks like the beginning of a fifth wave here, after the current daily downtrend signal was reached ahead of time. Price is about to cross above the mode after two strong daily bars, where buyers were in control. I'm...