dollar index bullish - H4 demand retest and we good to go
Dollar Index - Weekly chart - After patiently waiting ( for monthss!!) for dollar index to rally into the weekly supply zone for a reversal, we have now reached this point and can anticipate a share reversal/decline for dollar in the coming weeks to months.
As you see on the chart H4 above, this pair will be bearish continue....
DXY found resistance at the 98.34 level after the release of the US GDP (Gross Domestic Product) Q1. *Chicago PMI *CB Confidence * ADP Non-farm Employment Change and THe ISM Manufacturing PMI four Report looks better then ever . Until date 1, these three market mover data. last week's GDP growth and was solid. These reports are better then the ones that are...
Last week we expected the dollar to retrace for a good sell opportunity. None of our fib levels were respected and the price re-entered back to the range with a bullish engulfing candle. We expect more buying opportunities for the dollar due to this price indicators.
The next days may be critical for the dollar index. If markets defend around 96.30 and aggressively break through 96.15, there may be a significant downward move on the dollar. Another target on the dollar index is 95.80, 95.50 and 95.20. It is worth paying attention to the fundamentals, in particular, the situation in Italy. If there are serious problems related...
TVC:DXY 1 2 3 PATTERN : wait for price action
dollar index - h4 chart - selling on rallies due to dollars bearish trend. 3 drive reversal setup giving us confirmation of the weekly resistance holding
Pending Long @ 87.40 Stop Loss @ 84.10 Target @ 95.10 RR Ratio @ 2.33 Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Watch out for coming week, dollar index is in to a structure zone between 91-92, 91 is much more importance as it fall to Fib 38 retracement with a previous immediate resistance zone and be careful to be short dollar if the price is playing between 91-92 zone as higher time frame suggest bearish momentum a fall from this range will be very impulse
USDJPY (Daily) is nearing five year long up trendline, will price break the trend line ? or will be this another retest to break 2015 highs ? Since last year this pair is moving side ways with successful retest of support zone three times. Now price is in the support zone and RSI is over sold @25. Last time RSI oversold like this in the support zone was back in...
DXY Weekly Price is nearing a very important price point 88, after breaking the massive symmetrical in 2014, it never had a pullback near to the triangle except for last year's fall which is ongoing. Pre-break out of the symmetrical triangle a well respected uptrend line was formed in 2011. After more than three and half years price is finally coming to re-test...
After a head and shoulders pattern that is now active, me may see the dollar getting stronger. So keep an eye for longs on the dollar pairs and short on the EUR/USD pair. I am just waiting for a break of the counter trendline as a confirmation.
Great news for Dollar bulls. On the weekly time frame the dollar index has finally broken the upper range. This is a strong indication that we might finally see a trend reversal and a stronger dollar over the next weeks. Previous down trend lasted 25 weeks if you start counting from the start of the channel. If you like to hold position for a few days and make...
Currently the Dollar Index is hard to predict, it can go either way and on neither time frame there's a clear trend. So I have placed the daily and the 4 hour next to each other to see if we can make a prediction. First the daily time frame that will tell the trend for the next week. There's A LOT of room down to the lower range of the bigger channel and some...
I had no intention of publishing this analysis yesterday as I thought Dollar Index (DXY) would continue its consolidation mode for several days. However, when I saw 4-hour chart close above the drawn ascending triangle, I had to publish this analysis. For the past several days, I've been watching this Index as this is one of the keys on trading Dollar pairs....
The past days the Dollar Index has been touching the lower range, it lackek bullish momentum to bounce back up cancelin the 5th wave. ADX shows that the bearish trend is still strong while the Stoch Rsi still indicates strong sell pressure. Because of this we can assume that the Dollar Index will break-out of the lower range next week. Possible targets 98 and 97....
The dollar's had a great bull-run, but it looks like we may have reached the top. If we begin to consolidate strongly, look out for weakness at the bottom of the dip as that may present an excellent buying opportunity.