Cypher Pattern Rules: - Point B is the Fibonacci retracement of point XA of 0.382 to 0.618 - Point C is an extension of XA of at least 1,272 or between 1,130 - 1,414 - Point D is the Fibonacci retracement of the XC point of 0.782 DXY has the potential to form a similar formation, with point B of 0.32 and point C a little longer at 1.667. DXY also managed to move...
hi again dear followers check this out everythings is clear just wait for result
Hello Traders! So, the weak uptrend tendency in suggested 5-th subwave of EDT pattern is possibly may continue. Please be care yourself in such risking situation. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
Hello Traders! Accurately suppose the weak uptrend tendency on DX, with multivariate development of priceaction. Please be care yourself. Subscribe! Join me! «« «« «« «« «« Hold Like! »» »» »» »» »» (If you have questions, comments, write, reply thoroughly!) You're welcome!!! Best regards, trader Igor.
Hi, Traders looking for a correction in the form ABC. All majors pair will go accordingly. Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support
95.00 resistance and 94.00 support is a key area of interest for the Dollar as you can see how price reacted previously to these levels. It has tapped 95.00 today and pulled back so there is bullish pressure there, but can the bears keep it below this level and closer to 94.00?
Recent price action: Bullish Pattern: Break of daily resistance. Resistance level since November 2017 Long-term momentum: Bullish Short-term momentum: Bullish Bias: Long Action: Sell all U.S. pairs once 95.16 level is hit. Wait for price to correct, then BTFD Comments: Will be interesting to see how much price will correct once it hits weekly resistance, or if it...
Recent price action: Bullish Pattern: Potential inverse head and shoulders. Long-term momentum: Bullish Short-term momentum: Bullish Bias: Long Action: Ride current U.S. trades to weekly resistance, sell, then rebuy after price finds support again. Would be nice for price to retest 29 EMA for support. Comments: Price is finally trading above all EMA’s. Price is...
Recent price action: Bullish Pattern: Potential inverse head and shoulders. Price would have to reject off weekly resistance, find support near daily support, and move back above weekly resistance. Price has also broken out of its corrective phase. Long-term momentum: Bullish Short-term momentum: Bullish Action: Ride current U.S. trades to weekly resistance,...
Recent price action: Neutral Pattern: N/A price is ranging at the moment after bouncing off daily resistance Long-term momentum: Bullish Short-term momentum: Bullish Action: Wait to see if price will test and hold S/R. If so, enter long position and sell again at daily resistance. If price moves up and tests daily resistance, then wait until that is a confirmed...
A perfect shooting star pattern on a descending trend line for the Dollar. Reversal at play off of this so expect some weakness for the Dollar this week!
The last two weeks we have seen some bullish moves with the Dollar which broke the DXY out of a low range. However on a weekly chart, we can see it has now reached a descending trendline around the 93.00 level. Could this be a bit of a make or break move for the Dollar? With a break to the upside and push towards previous 2017 highs or a rejection and downside...
As we discussed on the previous analysis of the DXY chart, the 90.50 resistance is pretty strong. The USD bears on this area are very strong and we think there is a high probability that this area is tested one more time this week in order to gain more strength for the downward move which if happens may see the price reach 88.50. However a reach of this point is...
Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...
TVC:DXY DXY Weekly View: Dxy Daily View :
Hello Traders! Accurately suppose, that the "Flat" model and Bull's "Cumulation Balance", will be on US index the whole 2018 year. So... Based on intermarket correlation, it gives the opportunity for downtrend on EURUSD, GBPUSD, AUDUSD, NZDUSD and uptrend for USDJPY, USDCAD, USDCHF . Subscribe to "Powerful Traders"! Everyday, nine Tengri's traders, creates...
Hi traders! We are back to see how our DXY friend is doing. This is not our first time covering this index. The marker makers made sure before showing its hand that we had total fakeout. This week when I said that the 92 level was big and DXY found the strength to push higher. We thought at that time that maybe DXY had somehow found something within itself for...