It seems USDollar reached it's overbought Resistance price. Now it's good time to bear until price @ 91.50
Analysis: I've seen DXY correctively retrace towards a diagonal resistance (trendline). & It is currently entering into a 2 day reversal zone. Hypothesis: I am looking for latent sell orders to kick in at these levels, and a final wave down will ensue. Price should trade down to a Weekly reversal area, where I have indicated by the blue arrow Risk...
Expecting dxy fall to 83.00 long term
Hi traders! Today's analysis is cover yet again the DXY. It is such a important chart to follow since we trade everything USD related. We trade almost all USD forex pairs and trade commodities likes gold, silver & WTI priced in US Dollar! Now, the DXY is having a very technical drop. It broke through one long lasting support which was also an order block. Since...
EURUSD is a very clear long play and even stronger on a break of our recent high and above 1.21. I see people calling the top in EURUSD and bottom in DXY everyday and that gives me a further bullish outlook on EURUSD. Sentiment is everything, news is just a catalyst, and technicals are just a way to determine a good entry.
DXY is heading to $91 and even lower if we break below there. Sentiment towards the dollar everywhere is trying to pick a bottom which isn't good for dollar bulls. My current positions are short DXY , long EURUSD , long XAUUSD , short USDJPY , short USDCAD , long USOIL , long DJIA and long SPX. I will be holding these positions until sentiment turns the opposite...
Hi traders! We are back to see how our DXY friend is doing. This is not our first time covering this index. The marker makers made sure before showing its hand that we had total fakeout. This week when I said that the 92 level was big and DXY found the strength to push higher. We thought at that time that maybe DXY had somehow found something within itself for...
Short DXY. We have broken the upwards channel alongside a head and shoulders and now are in a bearish channel. We are retesting the neckline from current levels to 92.50/92.60 as a good short entry. Retail is long the dollar and are calling bottoms everyday which gives me a further bearish outlook on the dollar index.
We had strong move down on friday, and expecting TCP to retest the low. Trade with care!
Hi traders! This is DXY REVISITED We covered the DXY in the STATE OF THE MARKET VOL.2. At that moment, the price finally bounced of our order block and found some kind of momentum upward. That bull run had a few legs because it ran for some time before finding resistance around 95.00 Like any type of trend, the price has to retrace to become a healthy run....
DXY 1D Strong Short Resistance: 96,50 Support: 94.19 - 92.00 - 91.90 This is not investment advice
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.
Upside trend should be confirmed (started 1h before last ECB & FED press conferences) ... A continuous bullish move we`ll see by prices above 103.56 (last week high & yearly high) and bearish move by prices under 101.78 (last week temporarly high). But prices above 99.11 still are still don`t damging the slightly bullish picture (on higher time frames) ... How...
99.11 DXY is in my opinion still the make or break line prices above 99.11 DXY are suggesting still bullish scenario into new highs 2017 - eventhroughout Trump Election prices under 99.11 DXY are suggesting sharper fall into SellOff Area sceanrio - even while Election Night in nov`16 I can still imagine after yesterdays 1st sharp rise after Trump Election...
Dxy formed double top on H4 seems now again a drop from current level So advice Sell usdjpy cmp 110.8 next pending 111.6 Sl 112.3 TP 109 Buy Gold cmp 1207 next pending 1194 SL 1285 TP 1260 use small lot