Like every week, we try to analyze the dollar first so that we have an understanding of everything else. On April 22 the dollar made its breakout after six failed attempts but stopped very quickly (usually in the event of a breakout we expect long rallies to continue), its fall stopped just in support and this morning the dollar is rising slightly. The most likely...
Elliot Wave Analysis for DXY . 5 Elliot Wave Impulse Followed by ABC correction at 61.8% R Retracement. Comment Below.
DXY Long Idea (5/7/19) 4HR Chart - Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line . - I am looking for the lower high to be formed on the overall bullish trend line , so once price reaches the 61.8% fib level and the 4hr disturbance zone (orange). - Once the reversal occurs, price will then reach at...
DXY Long Idea (5/7/19) Daily Chart - Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line. - I am looking for the lower high to be formed on the overall bullish trend line, so once price reaches the 61.8% fib level and the 4hr disturbance zone (orange). - Once the reversal occurs, price will then reach at...
We try to analyze the direction of the dollar at the beginning of the week to get ideas on other currencies. As can be seen in the graph above, the dollar breached the resistance last week after six unsuccessful attempts and after it remained stuck in the middle between 95.49 and 97.67 since November. That resistance breaks out after a while and after a long...
We try to start the week by reviewing the dollar to get a direction where most major currencies will go. As can be seen in the graph above we are still in the pattern with support and resistance and the price of the dollar is relatively close to resistance which leads us to the decision to stay with a sell signal as we were last week. The target is 95.90 This...
For the sixth time that the dollar has already met the resistance but can not break it, it is true that the trend is currently rising upward until a change. We recommend a simple strategy to sell each time we are close to the resistance line. Sell DXY: Entry Price: 97.05 Stop Loss: 97.70 Take profit:96
We have a very clear model, you can see that the dollar is on the rise, the candles are above the Ichimoku cloud, we are above the 200 and 100 moving averages, you can see that according to the Stochastic indicator there is another time for the gains, the nearest target is the nearest resistance in the 97.70 area and the next stage will be a downward correction as...
Hey tradomaniacs, welcome to another OUTLOOK for DXY! Fundamentals: -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 1. FED began to increase the interest rate too early....
DXY going up now, good to take some profits :D Good to buy some again the CAD, nice 4hr chart on there.
DXY / TECHNICAL CHART ( BAT PATTERN )
Well if you see my other recent trade ideas just posted (AUDUSD, EURUSD, and USDCHF) I'm expecting US Dollar weakness. There's a lot going on on my chart but I don't care it's what makes sense to me. Main focus is the major exhaustion candle formed last week. Also talks of the 4th rate hike not happening this year anymore could cause some trouble for USD. I'm only...
The US Dollar Index might produce surprise intraday rally but that should be considered as opportunities to go short again. The index might have carved a lower high at 97.00 levels on Friday and ideally prices may remain below that, going forward. At the moment, it is seen to be trading around 96.00 levels and is expected to be capped below 97.00 in case of an...