The US Dollar Index dropped to 96.65 levels yesterday while action was lacking in the currency segment. The index has now taken out initial price support at 95.65 levels and is pulling back higher, trading back higher towards 96.20 levels. The presented wave counts are indicating that the US Dollar Index could be preparing to drop lower towards 94.00 levels...
After spending few hours during the New Year Holiday, I'm quickly puts out this idea for you guys. Is it gonna be a good idea? how bout you guys? I'm selling off due to level 96 as resistance(actually on gann square of 9, it indicate as strong level, 96), if till goes back up again chill out, look for structure again . see the direction . Either Up, Sideways or...
DXY is approaching its resistance at 97.70 (100% Fibonacci extension , horizontal swing high resistance) where it could potentially reverse down to its support at 96.80 (61.8% Fibonacci extension , 23.6% Fibonacci retracement ). Stochastic (89, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
AWAITING THIS TO BREAK DOWN SOON, OR WILL IT BREAK UP :)
expecting this if line is broken, so watch out
Looks like massive head and shoulder almost completed (we are on top of right shoulder), reversal pattern that could be predicting a bear market up coming also in the fib sweet zone of .5-618 thinking it will play around and drop next NY session but we will see what price action tells us
We are forming our right shoulder, we might get an extension to the next resistance before heading down, price action shall tell us.
as previously mentioned. dXY has now hit the top and reverseved back as said before. expecting this to continue down like, follow and comment.
SUPPORT THE MOVEMENT WITH YOUR LIKES, COMMENTS AND FOLLOW FOR MORE
DXY -- LONG ( Long-Term 6 to 36 Months ) . The chart explains it as per the Big boys analysis. The general consensus is that US Dollar will continue to out-perform other currencies , so my perspective is that in general the BIG BOYS are LONG USD unless that changes and conditions flip then we go short . NOTE: we are traders not investors , we care less...
Hey folks, As you can see, our analysis for DXY played out exactly how we expected it to. From now on, we're looking for short setups. When they move we move, so for now we're waiting for a good entry. Let's see what they bring us. Happy trading:)
DXY has been trending up for all these while and it has reached a key resistance level. looking out or some bearish movements
Hey Folks, Long time no see.. I've been busy with life in general so I didn't have a lot of time to post on here. Here's my analysis for DXY as I've been looking a lot at EURUSD in combination with DXY lately and I must say, they work perfectly together! DXY has been forming a nice larger structure with a 3 drive down into the 800 EMA and then reset up. In...
hi, please see the update for dxy please like, follow and comment for more thanks
WARNING: BEARISH PRICE DIVERGENCE Higher Highs and higher Lows while price is consolidating and RSI & CCI are making Lower Highs and Lower lows Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout. We still expect US Dollar Strength but it seems we are starting to run out of...
The area around 95.74 has been an area of resistance for a while . This DXY seems strong enough with great economic news for US Economy, it should break it this time ? if it fails again then we go SHORT STRICT WARNING: If and only if DXY fails to break 95.74 then we go short from here otherwise we remain LONG
Can DXY Hold this Rebound? A WEAK BOUNCE ON EXTREME SENTIMENT
Different indicators suggest Dollar Index could have a pull back on short term.