Cypher Pattern Rules: - Point B is the Fibonacci retracement of point XA of 0.382 to 0.618 - Point C is an extension of XA of at least 1,272 or between 1,130 - 1,414 - Point D is the Fibonacci retracement of the XC point of 0.782 DXY has the potential to form a similar formation, with point B of 0.32 and point C a little longer at 1.667. DXY also managed to move...
DXY Weekly Idea Wait for confirming whether break zone line or not. Case 1-> Break zone then placing Long Case 2-> Not break zone then placing Short
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...
Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...
Multi-day view: DXY price action contained in a multi-month bearish channel decelerating with new tops and lows, finally clearing the May 2016 lows. Current price action has so far stalled near the prior resistance area but I am likely to see a break of this area as there is a bullish divergence under play and momentum is supporting the view as well. So I am...
Watching the dollar to form the right shoulder of the reverse head and shoulders. Assuming that the low for the intermediate term has been formed, then this suggests that we are in a prime buying opportunity to test the long side for the dollar.
I think chart explains pretty much everything. -be patient and market will reward you ) Good luck!
Firstly congratulations to those who took shorts on the previous idea (please see attached), very well done for clearing all targets on the handle. We are rolling with the dollar holding 100.xx post FED - we need to keep in sync with the dollhair to make our next few months a lot easier and it will separate the men from the boys, having a crystal clear map will...
Hi Seildev here. This looks remarkably similar to the DXY slip in May this year. - Point A shows the attempted recovery from 18th/May ~ 19th/May however fell lower within a day - Point B shows similar patterns which shows recovery however will fall within a day. Projected high move to hit 96.44 and fade. Projected DXY to be 94.5 by end of this month. DXY has...
The DXY likely to see more downside in the short term. If this is the case, other currencies should see an upside for the duration.
failed to retest previous high. we should see it have a bearish trend down to the trendline plotted.
Just a small update on my previous ideas regarding the DXY. Straight-forward sell set-up, strong bear div.
Continued idea from before. For some reason there is a delusional expectation that the USD will rally due to Trump and "interest rates". I strongly believe it will fall during 2017. Strong bear divergence in the RSI, as well as the fact that the RSI has rolled over.
There is a strong bear divergence on the 1W and 1D DXY chart. I believe during 2017, the DXY will fall to the low 80's. I base this not only off the bear divergence illustrated above, but my strong doubt that the Fed will raise rates during 2017, and that the US economy will continue to slow.