DXY broken the 200 EMA on H4, I will be waiting for a pullback to start buying.
DXY , Buy on H4.
This means USD will gain strenght which is also confirming our XAUUSD analysis.
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This is a very interesting chart and I have alway been a great fan of this index chart. If you have a close look you shall see we have this ascending channel since May 2018 and never been broken since. Price action continously making new higher highs. Now that it has reached to the bottom of the ascending channel price action should reverse from there...
i see more weakness on dollar and fundamentals also showing more tensions with tariffs.
here from technical i see abc correction marked with sub waves, also eurusd have same reverse pattern.
on the chart in comments u can see the bigger full view on this.
like it so ull be notified for updates...
Simple as you like really, price is currently at a strong support zone and had a really bearish day on Friday so we are expecting bulls to take over and push price higher and possibly to our resistance zone ( green box ) this is where we will be placing our TP.
Again see how simple and clean our charts are? why would you stress yourself out with 100s of...
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?
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...
The Dollar Index has been stuck in this wedge pattern since the beginning of 2018. After a large fall from the 95.00 area it seems to have stalled and now deciding on whether to continue pushing down, or prove this wedge pattern is the bulls getting ready to go! Between 90.50 and 80.50 seem to be keen bounce areas for price to reverse so keep an eye for a a strong...
This week I believe that the US Dollar will go up to seek liquidity before coming down.
This will put pressure on other currencies. GBPUSD and EURUSD will go down beginning of this week and will end the week on the upside.