If that next order block doesn't hold The Dollar looks likes it could be pushing for another leg up, reaching for liquidity just above 96.40 if it gets there. Could be looking at some divergence on the way up. Waiting for the Sell signal. Also, if you notice the times of all the arrows, do not think that is just coincidence do you? Institutional Order programs...
Watch out us dollar (DXY) 95.8-96.3 This zone !!!!! nice opportunity to sell !!! 2016-05-03 till now the dollar has boost 4.09%.After dollar break the down trend line the dollar increased 1.9%. Never mind i believe the dollar will continue going up but the highest point of 2016-03-28/29 has never been test .So STOCH RSI (14) indicators is showing...
DXY is in ABC correction
The first wave A completed close 1.618 of the first upside movement
Sell the dollar against other currencies (Silver, AUD) for 0.618 retracement around 84
In lower timeframe look for a retest of the high or a retracement (wave 2 or B)
Once again we failed the break to lower channel, am expecting a bullish turn for all USD pairs.
- RSI starting heading up
- MACD starting to head up
- Failed to break the channel
Hello Traders,
I spotted a Wolfe Wave already underway. We just retested the underbelly of the 2-4 line. This would be a good short at the current level. An exit at the 1-4 line would secure profits.
Hello Traders,
Following the theme of this weeks chart. Here is another Wolfe Wave that is underway on the hourly time frame in the US Dollar Chinese Yuan Pair. Look for an exit at the 1-4 Line
Hello Traders,
In this Wolfe Wave I want to highlight the internal moves between the points.
Points 1-2: You want to look for an abcd pattern in the development of points 1-2. Though it is not always the case this usually helps define whats coming later on.
ab=cd
Points 2-3: Similar to 1-2, 2-3 also forms an abcd pattern. 2-3 is typically the longest wave in...
Here is a forecast of the Dollar Index based off of the Wolfe Wave and Geo's Off-Set Rule #3.
Geo's Off-Set Rule #1 = 1-4 Line
Geo's Off-Set Rule #2 = Point 4
Geo's Off-Set Rule #3 = Point 3
Dow-Jones
16391
Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant.
US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain
** below 16300...
USDOLLAR INDEX H4 FORECAST NEXT WEEK: I think price will drop into 72Fib and then move up to 162Fib.
But i have doubts about the upmove to 162Fib since both COT-data and accumulation-levels signal bearish developments.
Another conflicting source is the seasonal chart of the USDX . This chart show clearly that USDX weakens in pre-election period.
