I can see a B wave is forming in DXY and trading the C wave is a good idea. Please trade with care.
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...
If dollar break neckline then conform its make head and shoulder pattern and its going to our Expected targed . Dollar and eurusd in positive correlation and eurusd also make Head and shoulder pattern , yOU also check our eurusd ideas trade with care and good luck positive correlation with euro Asad Ullah Jass
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.
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.
long with trigger pitchfork & end of correction zone (50%-61.8%)
failed to retest previous high. we should see it have a bearish trend down to the trendline plotted.
long it , to the trend , Then short it to the B AREA if the price goes up the red trend , and it is something really hard but everything in the market can be , so long it again to A Area see you after 7 years :=) , or if something really big happen ,and i expect the second one , Update idea
DXY major level of resistance: 103.40 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance) DXY major levels of support: 92.00 (Fibonacci retracement, horizontal overlap support) AUDUSD technical indicators: RSI (34) is seeing strong bearish divergence vs price.
I would like to see bounce back to 100.33, reverse and break above 101 level to profit target at 102. Level 101 is very strong resistance level from multiple time frames. Otherwise close below 100.33 will open the way to 99.24
Just a small update on my previous ideas regarding the DXY. Straight-forward sell set-up, strong bear div.
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) Best regards Aaron
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron