DJ FXCM Index

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.

Technical analysis: . ARK/Dollar is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.37116000 to 0.26149000). if so, traders can set orders based on Price Action...

NZDUSD dropping after testing long term trend line, looking to retest daily trend line - if it breaks out at trend line convergence (0.65736) we are expecting a bullish rally back up to resistance (0.66815) for retest - potential for +107 pip capture

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.694. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.698. TP4: R2=0.7. Set the stoploss of these orders at breakout of S2=0.693. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

Candlestick matches in dollar price action (see blue boxes) and fairly clear impulse wave structure suggest a move now to 99, and possibly further advances. Buy 98 for 99, L 97.50, 2:1

Simple 12H analysis on the USD Weighted Index (not DXY) Seems as though we are creating a 1-5 elliott wave, and reacting strongly to the drawn trendline. I expect the market to form the final wave, completing the elliott pattern, and for the impulse to be exact same size as the first wave, which will then bring us to the marked zone, which is a very key weekly...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.1205. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.125. TP4: R2=1.1265. Set the stoploss of these orders at breakout of S2=1.1185. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.344. TP4: S2=1.341. Set the stoploss of these orders at breakout of R2=1.3515. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...

As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.118. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.114. TP4: S2=1.112. Set the stoploss of these orders at breakout of R2=1.119. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...

I had to change the previous analysis. Because the circumstances have changed. Based on the current ATR data, I expect another rise in the exchange rate. The type and size of the wave structure may be similar to a previous (yellow rectangle) structure. The ratio of its price movement to the ATR is similar to the current wave structure. Therefore, the target price...

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.1325. TP4: R2=1.1345. Set the stoploss of these orders at breakout of S2=1.128. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

As called in my previous idea, EURUSD completed the inverse H&S and I'm now expecting it to start a new bullish trend due that the previous bearish trend completed the Elliot Waves. Pair is now struggling in a resistance area but the momentum is strong enough to break it.

After completing the Elliot Waves, the pair shifted in momentum and is currently in a downtrend. We can see an inverse H&S getting formed and we can capitalize in the formation of the right shoulder as shown in the chart.

The exchange rate moves in a declining double wave structure. Currently, it is in the correction phase with the axis of the exchange rate ATR axis. On this axis, the rising correction movement is moving. Although apparently now acts against the theory, I assume that the correction movement at this level can be completed and the second decreasing wave structure is...

USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.

The figure shows a white ATR axis and a green wave axis. I guess the "auxiliary axle" mirrored on the ATR axis can be the current rise resistance level. I look forward to turning this axis. Further wave structure can be determined by the green wave axis. The symmetrical wave motion on this axis may be descending with a target price of 11975 usd.

The DXY is currently undergoing the retest phase of the break out from the neckline. From here I am expecting price to decline further to the 96.00 level signalling weakness in the Dollar.

Midterm forecast: While the price is above the support 0.7080, beginning of uptrend is expected. We make sure when the resistance at 0.7380 breaks. If the support at 0.7080 is broken, the short-term forecast -beginning of uptrend- will be invalid. We will close our open trades, if the Midterm level 0.7080 is broken. Technical analysis: The RSI bounced from the...