Dollar create Bearish Divergence with Bearish Butterfly Pattern!
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
DXY Under pressure with 2 Target poin and going deeply
dxy still can drop another leg in short term trades , but i don't think it will continue to much lower levels in 2021. when the equity markets goes for correction (up %40 can be expected) , DXY can spike up over 100 again.
Waiting for either a breakout or a rejection. The dollar may get stronger coz Pfizer vaccine news can work as a catalyst.
We are currently analyzing a possible inverted head and shoulder which shows a reversal chart pattern that the previous downtrend might has ended and the the former uptrend may resume. We expect a retracement to the neckline and a candlestick confirmation to trigger the buy order. Target is as shown on the chart and the ideal stop loss should be set below the...
Two days ago I said that Dollar Index is bullish in my opinion and the recent drop is just a correction before a new leg up. The marked has confirmed this outlook and now the index is above short-term support. Sell rallies on EurUsd, AudUsd, NzdUsd and GbpUsd is my strategy for next week
DXY After the 200 point run from 92.75 to 94.75 its gave back some of the earlier gains. And reached 94.16 today. And reached the downside trend line which is drawn from September 09 low 92.70 We have observed that DXY tend to move from 92.75 93.75 94.75 levels in upcoming days will update about the market reaction from this levels After reaching the 50%...
Quite an interesting setup on DXY, the chart shows a complete triangle formation which may be a running triangle (with a declining top and rising bottom) - continues the trend. As long as the constraints of wave (E) remain valid, I expect the dollar to continue gaining strength as indicated by the arrow.
We expect a fall in price as shown on the chart, this should be the beginning of a bearish impulse move. Because ,we were able to count the double combo elliot wave corrective structure. targets and invalidation level is as shown on the chart. Goodluck.
We expect a fall in price as shown onthe chart, this should be the beginning of a bearish impulse move. targets and invalidation level is as shown on the chart. Goodlcuk,
Hi all traders, This is a video analysis on dxy. FOMC is this week, so please trade safe. I have pre-warn some of the levels within dxy, so please take extra note on it and trade safe as always! Follow me on tradingview Like and share this trading idea with your friends Hope you like this video analysis on dxy. Cheers!
one more down leg possible. watching 89-90 for a bottom & reverse.
Wait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a BUY limit.
Hello Sophisticated Trader, Our last analysis was 300+ in gains, now the DXY has found some support and is due for a bounce. Currently, a close back above 93.00 suggests a test of 94.00, oversold conditions also support this and only a close below 92.50 would negate this bounce. Like, Comment, and Follow. Let's Make Money Together! Happy Trading! Dr. Lydia...