There is almost no doubt that FOMC will hike their rates. The best setup we can have for Short the Dollar. Difference between Dollar Resistance and Gold support is in no way stable. Gold is the one leading. No questions about Gold, but this one is beatiful. This time I have massive Short ( biggest position ) in Short DXY from 101.60 with no Stops. As well I...
Hey Traders, We have been analyzing this structure for a few weeks already in DXY (US Dollar Index) We are expecting a fifth move in the diagonal and then a breakout towards to the -0.27 fibo level potentially. When this happens, all USD pairs will be affected. - Hola Traders, Hemos analizado esta estructura durante semanas en DXY (Índice del Dollar...
Watch if this setup could turn up again. Will fib 0,618 hold, or closer down to 101-level ? Normal this could be slowdown in this drop, but also be aware of any more sell and bear-tendens. Retest of neckline in the "Three drives pattern"-bottom could also be a nice support-level.
After pull back to 61.8 % Fib I am looking at the price to break above 101.95 to go long 102.8 Alternatively bearish below 101.3
Simple H&S on the 1D chart, RSI failing to gain any ground. Let's see if this one plays out.
Thinking out loud again Tell me what you think in the comments Not investment advice good nite everyone
Gold is still falling DXY lose momentum. Wait for Gold to reverse DXY will fall.
I'm using this to trade gold, but also watching UJ closely as there seems to be higher correlation with GC at the moment.
A break below 99.40 suggests a higher probability of Head and Shoulder formation.
The dollar has been waffling around the 99-102 range for most of 2017. Right now there is a nice pivot area below acting as support and a pivot area above acting as resistance with the range being fair value. I can see two possible scenarios playing out. 1) We get a break above 102.00 and retest support to continuation of the uptrend 2) The upward trend line...
after breaking neckline of head & shoulders pattern we put sell order on DXY as showed on chart. 2 targets : 100.83 / 100.59
The dollar is extending a arm. Literally. I am thinking 101.60 to test resistance line and if holds a move downtown towards 99.30 in anticipation of Janet's decision. Probably something to bear in mind over next few days.
94.80 $ is the target for head and shoulders pattern. if dollar break 99.24 will go down. pattern fail by break 103.65 to up ...
My short at Friday's close...my currency wave indicates that oil is over bought. and has been since Christmas. COT reports shows new money (retail), MM, Chinese, etc.. are all long, at +seven to one (7/1), with record net positions. Both the timing and direction of the dxy/oil value wave, confirms this is a carry trade. Cheap money leveraged longs.. with little or...
DXY major level of resistance: 103.40 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) DXY major levels of support: 92.00 (Fibonacci retracement, horizontal overlap support) AUDUSD technical indicators: RSI (34) is seeing strong bearish divergence vs price.