Dollar looks like it could be a nice trade next month. Quite clear on the monthly at the moment.
US Dollar Index Futures - Starting to look a bit toppy showing bearish daily divergence. Currently trading inside parallel channel.
The USD is creating a H&S for December. Next downside target S1 at 95.160, then possible rise back to pivot at 96.115
This is a compliment to my analysis for Gold. As I said before , I will also post the monthly cycle analysis for both gold and the U.S dollar. I see the dollar reaching quite easily the 116 level which is the 1.618 extension on the 2M monthly . Thats a super super bullish chart. You can't make these things up . I mean you see primary bullish momentum on monthly...
Chart shows FINAL TOP for Dollar! (Based on Astrology prognosis and Sacred Multiple year Cycles).
US Dollar Index Futures: The recent price tick-up (since 30-Aug) appears very similar to the move from 27-Nov-2017 to 11-Dec-2017 - marked with blue arrows. Remember, specs are quite long the greenback. Expecting a weaker USD.
DX on support, if it rises above 95 on daily chart it could easily continue its journey up General USD strength still preferred
My yearly composite cycles on the Dollar Index points to a possible high around the 28th August - early September. I would suspect that price may even reach the 0.618% Fib retracement around the 98.000 level before a possible decline. The cycle suggests that price may trade lower until early December. If price does make it that high and technicals point to a...
There is time to follow the trend or patterns and indicators or a combination thereof. Each trade is specific to that and then there are those traders who do not use any of those things. Happy trading.
As seen here, potentially (last push for $$$) - to 110 Means - MUCH lower for EUR!