Can DXY Hold this Rebound? A WEAK BOUNCE ON EXTREME SENTIMENT
DXY BULLISH GARTLEY IN 4H Chart Complete at 94.66
TVC:DXY 1 2 3 PATTERN : wait for price action
TVC:DXY REBOUND..? Hello! I have for you very interesting long idea Stop on the chart. All details available on chart, but if you need - please comment and let's discuss.
95.00 resistance and 94.00 support is a key area of interest for the Dollar as you can see how price reacted previously to these levels. It has tapped 95.00 today and pulled back so there is bullish pressure there, but can the bears keep it below this level and closer to 94.00?
Recent price action: Neutral Pattern: N/A price is ranging at the moment after bouncing off daily resistance Long-term momentum: Bullish Short-term momentum: Bullish Action: Wait to see if price will test and hold S/R. If so, enter long position and sell again at daily resistance. If price moves up and tests daily resistance, then wait until that is a confirmed...
A perfect shooting star pattern on a descending trend line for the Dollar. Reversal at play off of this so expect some weakness for the Dollar this week!
The last two weeks we have seen some bullish moves with the Dollar which broke the DXY out of a low range. However on a weekly chart, we can see it has now reached a descending trendline around the 93.00 level. Could this be a bit of a make or break move for the Dollar? With a break to the upside and push towards previous 2017 highs or a rejection and downside...
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...
It seems DXY reached it's strong resistance @ 91.40 * US Dollar stronger seems more stronger from last week. There is a chances to breakout the current sideways channel to Bullish trend if the market price breakout 91.50 price. * Otherwise it will continue the bearish trend for sideways channel.
The Dollar Index has been stuck in this wedge pattern since the beginning of 2018. After a large fall from the 95.00 area it seems to have stalled and now deciding on whether to continue pushing down, or prove this wedge pattern is the bulls getting ready to go! Between 90.50 and 80.50 seem to be keen bounce areas for price to reverse so keep an eye for a...
Will we see a break of the 89.90 level to start the rally upwards and back into known territory for the Dollar? Could 92 / 93 be on the cards...
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...