Resistance - 96.10- 96,20 -96,30 this is not investment advice
My Dollar Combo Index has been shaping up nicely on the count of the two cycles and I am seeing other items of similar process. I believe that we either had the bottom on 8/16 with the low at 11691 or a new low will only be a minor test and slightly lower. Based on the Count the suggestion to buy the open on August 18 would still hold. Stops can be low risk at...
DXY looks like wants to test of upper line of the channel watch for break.. May be a chance to buy more and more.. Thank you for your attention..
It looks like the Dollar index DXY looks to be bouncing off the bottom of the channel that has formed. Maybe on more push to the top of the channel.
On the longer term chart widening suggest break to the upside..
looks in an upward movement and is about to complete a structure/continuation.
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...
Long the US dollar over a minimum 9-12 month horizon/b] Support around 92. Breaking out on the daily chart, however as it is towards the upper end of the channel it may be advisable to enter with a half size and add on the first pullback. Bond are grossly mispriced as central bank buying has prevented the market from signalling the inflation risk to yields....
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...
We are taking a pause now, but we are going higher soon. We have tested the lows now many times and they seem to be bullet proof. MACD turning bullish.
Bull Flag 15m USD - Self Explanatory -
TVC:DXY In my technical view, the Brexit simply avoided the drop in the dollar strength, I believe we could see the dollar near 90$ in case of a fall, or even worse. Decrease time frame to trade the bullish breakout, wait for correction... Check previous TVC:DXY published idea, the Three Drives Pattern... Safe Trades;