We're looking at DXY today and we can see that price is forming a sort of elliott wave structure - with wave 4 potentially recently finishing. A break of 12856 which is a major overlap support could trigger the bearish acceleration down towards the 12801 level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’)...
We're seeing price approach a major resistance level at 12858 which is an overlap resistance + 23.6% Fibonacci retracement and a 38.2% Fibonacci retracement. It'a also nice to see a descending resistance line and a bearish ichimoku cloud contribute to the bearish momentum of the setup. A reversal from here could see prices drop towards the 12804 level. Please be...
In this update we review price patterns in the equal weighted DXY and the potential implications for EUR,GBP,USD & JPY
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Hi Traders, here is the full analysis / Breakdown for US DOLLAR INDEX. Keep this pair on your watch-list. Conditions - 1. Wait for confirmation (Environment Change / Retest Of Structure & Confirmation of Bearish trend) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis 4.Follow for more Analysis like this ! Dont forget to give me a...
Alright everyone here is my Weekly outlook for the markets.
Scallops are broad patterns as shown in the chart. Whilst de-dollarisation is happening at a slow macroeconomic pace, coming from Russia, China and Japan (largely), it doesn't mean that the US Dollar will simply roll over. The pattern of the scallops is quite visible. Now the US-Dollar is at a critical point and making attempts to do another scallop. I don't...
In this screencast, I'm looking ahead for potential moves, possibly south in the US-Dollar. This is about preparedness. In the video I explore emerging geopolitical and macroeconomic issues that are taking place. The US-Dollar strength has big influence at this time on: 1. Commodities 2. Metals - especially Gold and Silver 3. Oil 4. Stock markets in the US and...
The US-Dollar got hammered on most pairs in the last day or two. Day traders may have suffered or gained. The US-Dollar index shows what happened. On the Daily time frame US-Dollar is still pretty bullish, so stay tuned on lower time frames.