DXY bounced off 98.68 where it could potentially rise further to 99.67. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
If it does goes down strongly, it will confirm the bearish view and the top is in at least for the short term Should find out in the next few sessions if usd bears have taken over
We are in a bit complicated situation, the dollar that broke the resistance line at 98.3 came back down (the dollar was supposed to accelerate the momentum of breaking) and then again broke the resistance and again came back down, the dollar refuses to choose a clear trend and this is a confusing situation. The general trend is bullish. Although our bullish trend,...
The positive trend continues. As you can see, the dollar stopped at the resistance line, and there are 2 scenarios: 1. The dollar will again fail to break through the resistance as it failed the previous 3 times and will come back down. 2. This time the dollar will break the resistance and increases will accelerate. We think the dollar will fall back to 97.4 and...
Because the pattern created on the dollar this week will be critical. As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red. The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness. And with all that, one...
Dollar has been showing bearish movement. After a strong upward movement, dollar will go back down to previous level after consolidation.
DXY W TF parallel channel. Not a good idea to purchase USD. August candle will be black.
DXY Monthly Chart on Fed Day a -25 basis points cut is much more expected
The dollar made a break of resistance but failed to hold out above the resistance line. We returned to the period before breaking the resistance which means that the dollar is stuck between 95.4 and 97.4, we are currently bearish with a target of $ 95
USDX - there is strong resistance at 98.4-.6 Almost no momentum left for USDX to rally further
Welcome everyone for another trading idea! Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs: There is a lot of selling pressure on the US DOLLAR. Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also...
As the dollar goes down, we realize that its last rise was a fake increase (although the dollar broke the resistance, it did not continue to rise much as expected). At the moment, the dollar has returned to its former support and resistance, our recommendation is Sell Take profit: 95.80
For the sixth time that the dollar has already met the resistance but can not break it, it is true that the trend is currently rising upward until a change. We recommend a simple strategy to sell each time we are close to the resistance line. Sell DXY: Entry Price: 97.05 Stop Loss: 97.70 Take profit:96
Good morning traders Watch out for price breaking 1.31881 level. I'm expecting price to reach the 1.325 level by the end of the week. Price currently presents a good risk/reward. Please use the projected risk/reward as a guide and consider risk management before the execution of any trade Updates to follow @BrightForex
Dollar index buyers losing strength. Sellers coming.