kjfxmonk

kjfxmonk

Dixie is looking stroooooong... but also ripe for a correction. Maybe all the way back below 98. But the trend is still up, and not likely to change. $EURUSD #USDOLLAR #USD

kjfxmonk

Dixie took a big hit after the FOMC on 3/20, but firm resistance in the 95.60-80 zone held well. $DXY is now battling previous support/resistance at 96.20, with $EURUSD slowly receding to 1.1350 again. I expect that the common currency will keep falling on news in the coming sessions, boosting the dollar back toward the 97 level. After that, who knows? #BREXIT...

kjfxmonk

I keep posting this chart, with all my pretty bullshit drawings unchanged, but it is kind of weird how close Dixie is behaving to what I thought it would do. <--- terrible English, please forgive me, it is my third language (Anyway, Dollar up, Euro down, is the play here). #Forex #eurusd

kjfxmonk

I'm not saying, I'm just sayin'... the chart tells the tale. Room to run to above 98, before any significant reversal. Unless NFP craps the bed, of course. $EURUSD will see that sub-1.12 FINALLY!

kjfxmonk

Dixie is reversing on a minor wave, but need confirmation of a higher low before I'm 100% confident that the low for wave 4 is in place. A blow-off to 1.1450 in $EURUSD is still in the cards, but less likely by the day. #FOREX

kjfxmonk

As $EURUSD continues to flirt with 1.14 Dixie is dancing with 96. Going forward, I envision another try by the common currency to 1.1450 but with $DXY finding firm support in the 96.60-80 area which has been an inflection area in recent months. My immediate target after a reversal is 97.20 and ultimately above 98.

kjfxmonk

Dixie dipped below 96 as I expected it would yesterday, together with $EURUSD touching but not really breaching 1.14 Current price and time projections point to above 98 in the coming weeks. $EURUSD could still blow off to 1.1448 or so, but it should be contained.

kjfxmonk

Dixie is testing minor support at 96.20 where it could see a spike down together with a $EURUSD blow-off to 1.14 but the overall trend for #DXY is up.

kjfxmonk

Old messy chart, but the trend is holding. Dixie is looking for 97.71 and $EURUSD for sub 1.12 again.

kjfxmonk

Dixie bouncing between fibs and support levels, with 95.65 long-term support holding nicely. Looking forward, 96.96 is the first target and strong resistance, followed by 97.71 the October 2018 high. This would correspond to low 1.1200s in $EURUSD #forex #USD #USDOLLAR #DOLLARINDEX $DXY

kjfxmonk

Last week Dixie $DXY retraced its December to January drop all the way to its .618 level, while this morning it hit the .618 of THAT move. I expect the dollar to remain contained within tight levels until later this week when EU and US data and FOMC will rule the day(s). 95.65 is solid support, while to the upside, 96.96 still attracts. $EURUSD intraday support...

kjfxmonk

Hit fifty back of the recent January climb. 618 coincides exactly with long-term support/resistance at 95.65

kjfxmonk

Dixie retraced its December to January drop all the way to the .618 so it's probably time for a little breather. 96.96 is next, which is somewhere near 1.1250 in $EURUSD terms, or thereabout, I'm bad at these things.

kjfxmonk

Dixie reversed all of its weekly losses this morning but remains firmly within the boundaries of S/R zones. $EURUSD bulls will want a close above 1.15 for continuation, otherwise, a drop down to 1.13s is likely next week. #BREXIT vote trumps all - as does Trump.

kjfxmonk

Dixie reversed all of its weekly losses this morning but remains firmly within the boundaries of S/R zones. $EURUSD bulls will want a close above 1.15 for continuation, otherwise, a drop down to 1.13s is likely next week. #BREXIT vote trumps all - as does Trump.

kjfxmonk

Dixie $DXY has been grinding lower in 2019, but still respecting previous s/r levels, including the November low. I expect an intraday bounce, with $EURUSD revisiting 1.1390s before falling further. #FOREX

kjfxmonk

With markets crapping out, BREXIT going nowhere fast (quelle surprise), King Dollar $DXY keeps reasserting itself. The trend is still up, and the trend is your friend. $EURUSD couldn't break through the 1.1440 area, and 1.1180 still attracts. Full speed ahead, though admittedly, with many bumps. #FOREX

kjfxmonk

Dixie is mired in the 96.50-97.20 area, but with stronger pressure emerging to the downside. $DXY is now moving together with $SPX which is historically weird, but currently that's what's happening. OTOH, I expect a bounce in equities in the coming days, which would bode well for the greenback. $EURUSD 1.1180 still attracts.