The key is the fractal in the blue rectangle. The analysis shows that the fractal sequence in the yellow square has the same size. This includes the magnitude of the main trend and the magnitude of the correction amplitude. The first major difference is the blue rectangle. This is more important. In this rectangle, fractal modification occurs. Thus, the size of...
The exchange rate may build a declining fractal. Its size may be the same as the size of the first fractal. If the theory is correct, the exchange rate may drop to 96.96 usd.
My previous analysis has pinpointed the short entry point and possible direction of movement of the dollar index (USDOLLAR). To continue this analysis, I dedicate the current forecast. The figure shows a fractal sequence. I look forward to repeating this. At present, the first part has already been reproduced, clearly. Therefore, I have reason to believe that the...
As 99.00 contains the upside, all roads eventually lead to a 96.50 test, trading tactically around this view, this hypothesis would be invalidated with a multi close above 99.00
#DXY tracking the price path highlighted last week, below 97.50 opens a move to the pivotal 96.00 decision point, failure here suggest medium term top in the US Dollar as per the analysis from our strategy sessions looking for a summer topping formation in the USD in line with historical Pre Presidential Year cycles
Dollar Index - Weekly chart - After patiently waiting ( for monthss!!) for dollar index to rally into the weekly supply zone for a reversal, we have now reached this point and can anticipate a share reversal/decline for dollar in the coming weeks to months.
Looking at the monthly EUR/USD chart the confluences are more so evident. The Stochastic Oscillator showing divergence of the lows. Price currently sitting just below the 61.8% Fib retracement, You can see the ascending channel beginning to form with our 1.3900 handle target being confluent with channel resistance and the D2 Fibonacci extension -61.8%...
As far as risk goes you have to.. for the biscuit. We see Multiple technical confluences surrounding the 1.1170 handle with an X marks the spot scenario. Quarterly chart implies a continuation of the long term up trend for the pair.
We are sitting around the 61.8% Fibonacci retracement level and have support from an ascending and descending trendline. With the...
