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...
I think the DXY is in selofff for no reason and if is not today it will have a rebound start of new years for now is oure intraday stragegy to 24 or 48 trading (today or the 2 january) he is also much oversold as eurusd overbough usdcad oversld usdjpy starting oversold Enter at 92.31 target 92.75 gains 44 pips
We had strong move down on friday, and expecting TCP to retest the low. Trade with care!
Hi traders! This is DXY REVISITED We covered the DXY in the STATE OF THE MARKET VOL.2. At that moment, the price finally bounced of our order block and found some kind of momentum upward. That bull run had a few legs because it ran for some time before finding resistance around 95.00 Like any type of trend, the price has to retrace to become a healthy run....
Now that we get our 2 target in long i short eh Dxy for the pullback,he is also overbought and i think 94.06 its a good pullback level or we can go more deep to the Up t-line...but i prefer said only 94.06 who match with the resistance that become support enter at 94.66 Target 94.06 so is a go for 60 pts more we go in 2 separete position like all time for can...
a simple daily view of dollar index with only some major support and resistance also a level for my view that he have to keep for stay bullish in short -middle time