Strong divergence on 15M and 1H charts. Price outside 800 period BB. FOMC expected to signal potential rate hike in December. Risk = election, Trump win, political uncertainty ahead of election.
"it`s been a long time as we`re coming" & "theres no turning back now ..." (www.youtube.com) as the blues - under the clintons (with their fake code red policy) takin over the US - after the cold war! By the way, paint it on the wall , if u don`t wanna buying it ;) After Bush junior and Obama, meanwhile Trump will be right red president, with the best result...
So guys, when you hear someone talking about patterns that repeat itself, this is usually what they mean. Can you see that similarity between those two cycles? Sure you do :) I am expecting this last leg to end at the TL and the 1,414 to 1,618 Fib extension area. Like if you agree, Follow and support!
Hi, Guys. Last DXY shorts bring us great profits, depends on how you managed your trades. I closed all shorts just before ECB meeting, right on Time, because I needed GOLD to drop and had a feeling ECB can give some strenght to USD. Dxy formed a 4th Slope by new degree count. I used that to reload shorts, overall 25k running. This is a strategy test, so be...
Hello Traders, This is an update from my last post in the Daily Time Frame posted 6 months ago (related link). At the end of 11/25/2016 NZDUSD created a BULLISH Wolfe Wave negating further decline. Whenever there is a Wolfe Wave pointing in the opposite direction it cannot be ignored and often times negates the Wolfe Wave that came before it. In this case, I...
Dollar index retreats from multi-year highs at 102.05. Technical indicators have turned bearish on dailies. We see scope for test of 100.35 (20-DMA). Violation there could see next major support at 97.10 (100-DMA) and then 96.13 (trendline & 200-DMA) Support levels - 100.35 (20-DMA), 97.10 (100-DMA), 96.89 (Nov 4&7 lows) Resistance levels - 101, 101.10...
Important strategic horicontal lines for day traders 100.50 DXY Yearly High 2016 (before Trump Election) 100.39 DXY Yearly High 2015 92.62 DXY Yearly Low 2015 91.88 DXY Yearly Low 2016 90.20 DXY Opening Price 2015 In my opinion, these levels are important for technical background knowledge - even like informations on a memory card. But not important for...
Hello guys. Rare post from me on Dollar Index, but I've been waiting for my degree count to complete as well 3 slopes to be completed where 3rd slope is in development followed by crash. This analysis is done on pure JAFR calculations, where DXY constant number is 114.56 and degree count has become greater than this number. Since I used JAFR predestionation...
DXY will keep rising until hitting mayor resistance level which is consistent with the .618 fib ext. a break of this resistance level could result in a very steep rise of the dollar.
We considered a potential target for the index DXY 0.87% on December 2016 with the continuation in 2017. ...guess it's time to consider a retreat from the upper boundaries of the two channels. Our vision direction and the expected goal - on chart. Target 1 - a return to the lower boundary of the youngest channel (green channel), and EMA50. Area - 99.03 Target 2 -...
We can see how DXY managed to break free out of this major time/price band - even a lower timeframe setback may just be a retracement.
I'm not one for bucking a major trend but I think that the recent action in the S&P deserves some attention. It doesn't take a genius to see that the S&P has been in an uptrend since the selling climax to begin the year. The most recent action, however, is cause for alarm. In Point #1, what you see are prices going above a previous level of resistance. Some...
price has been in pullback mode for a while. Its now back on Important Trendline, which could encourage upward momentum. theres important BULL tests to go through. . but overall, I have a LONG Bias. On Dollar Strength momentum. $102 looks technically possible. FIBO bounce on 0.50 to even 1.382 level.
it is possible that USD index going to reach $110 that means EUR will go all way down, everybody wait USD index to go down since most of daily traders are trying to take long positions in EUR, frankly EURUSD maybe go up for short time correction and will continue go down faster to achieve the new bottom below . it's very important to not trade with big contract...
Hi Everybody, I got interested in the DXY lately, I don't trade USDCAD that much but I decided to try it. * to be able to predict (help you to predict) USD you have to look at GOLD, OIL and DXY (Support/resistance/pivots)* -----> This one is easy! It got to a major resistance (last touch 02/12/2016) now it's retracing. --> Ichimoku has been used to find pivot...
Elliott wave analysis on DXY Overal Pattern : Expanding Triangle Location : e Target : e<102.97 Patterns : a : Double Zigzag b: Zigzag c : Double Zigzag d: Zigzag Please discuss about this analysis, it's count labels, patterns, target and your insights about future targets, waves, patterns and ... using your described charts by comment here