DXY Found a temporary resistance. However I expect a final move upside before falling back. I found quite few harmonic pattern, Expanding diagonal, Wolf Wave Bear pattern and bearish EW count. All conditions are met for a Triple top on DXY before falling harder. You already know what will happen when King fail the battle. Trade well :)
I am neutral on DXY.
Hi All,
There are several important news (US Presidential Election and FED Interest Rates Raise) are waiting by DXY till and of 2016. Depends on the news, DXY could set up new trends for both bullish and bearish side in the channel.
3 lines are important for support and resistance levels with FIBO. 95.25 is the main point. The Index is looking for upside for...
Wait for the break in EUR/USD to confirm going long or short on this pair.
I always consider both directions when trading but from the looks of it I am biased that this pair is bearish!
Fib 1.618 at 92.684 can be a turningpoint for up ??.... watch priceaction, candles, wicks, any news that could be bullish for US-dollar coming days/weeks in May now.... Also oil and metalls can give some dowm-movement then....
Evt upside.... ?.... have fib 0.5= 96.580 and fib 0.618= 97.500 >>> blue box......
Notice the bullish divergence in all three indicator's...
Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75.
A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here.
The bullish view could, however, turn...
Watch out us dollar (DXY) 95.8-96.3 This zone !!!!! nice opportunity to sell !!! 2016-05-03 till now the dollar has boost 4.09%.After dollar break the down trend line the dollar increased 1.9%. Never mind i believe the dollar will continue going up but the highest point of 2016-03-28/29 has never been test .So STOCH RSI (14) indicators is showing...
Hello Traders,
A while back I posted a Bearish Wolfe Wave on the Dollar Index(Linked below). That is a weekly view of strength of the dollar. Zooming in we can see that the dollar is not quite ready to make a move to the downside.
Here we have a perfect setup for a bullish move.
1. The larger Wolfe Completed at 5'. This give the Geo's Off-Set Rule @12211 as a...
