Dollar rally coming...Fractal pattern from 1990s in play again. Though this pattern seems to be of bigger scale, so the move might be bigger.
We should see a vertical rally for several weeks to the last swing high with continuation.
Dollar-index
Dollar set to break 2016 highDollar is set to break 2016 high.
This I can conclude from multiple confluence: halfyearly A-pivot breakout, Wolfe projection, dragon pattern projection, DeMark gap breakout, DeMark breakout projection confluence, Camarilla monthly R4 roof breakout, false test of the last LL and Woodies pivot projection´s confluence with 2016 high.
DeMark breakout projection coincides with last Month Woodie R1.
Wolfe projection gives us the speed of the move - by May 19 price should reach Wolfe projection.
Woodies R4 tells us from dragon will draw its tail (as it was with yields and bonds in March - their collapses stopped at Woodies R4).
Dollar will stop at Dragon´s 0.61 FIB (usually price ranges here) - before Quarterly A-Pivot (usually price stalls before this pivot ) breakout.
Because Dollar is set for a rapid move up, there is likelihood gold might fall - usually they are negatively correlated (though recently they trended up together).
Most markets will go red, everything that is pegged to dollar including crude oil. We are likely to see rapid falls in SP500 , EUR, GBP (GBP is gonna fall faster than EUR - see my EURGBP analysis), NZD (rising wedge bearish continuation pattern) and BTCUSD (Bitcoin reached its ultimate daily Kumo cloud resistance area from where we are likely will see a drop).
DXY AnalysisPotential triple top forming on the dollar index. If we see a rejection from this third top then we will see some dollar weakness across the board.
Dollar index: dragon patternI have been posting this gap breakout earlier but now, after adding half yearly opening range and A up pivot breakout, things become more clear.
Dragon pattern. Dragon head, 2 humps and now a long tail started to form. It will go up to the target and will draw waving dragon's tail-end there.
Look up for dragon pattern on google to understand.
For educational purposes.
Dollar might flyAfter applying half yearly ACD to Dollar Index a breakout becomes clearly visible..
In cases of of A pivot breakout on half yearly ACD , moves are often massive.
Triangle or pennant continuation pattern is visible at the A-pivot breakout level.
Price is likely to move the size of a pennant pole at least.
DXY - Gold negative correlationJohn Murphy in his classic on "Intermarket Analysis" writes on the dollar gold negative correlation.
Here we compared DXY - Gold correlation on daily chart in regard towards 200 day average.
If you will take closer look, you will see that in case of divergences forming, it is dollar index that usually fails.
If gold breaks resistance (being in sharp uptrend towards 2011 highs) and we do observe some sort of bullish cup and handle continuation pattern - dollar is likely to fall.
By DeMark criteria, bullish breakout on gold looks better than the one on dollar index.
On correlation cofficient, we are also observing ever decreasing divergence trend towards 200 day average.
At any case one of two should fail in uptrend:)
Dollar Index AnalysisDouble top pattern on the dollar index. A breakout from the neckline would suggest downside and some dollar weakness across the board. Alternatively, we could be witnessing a fake-out. On the daily time frame, there are multiple confluences around the next support level including a 200day MA, key fib level while also being at a key psychological level. Either way, we will look for confirmations to confirm the future direction rather than being predictive it is best to become reactive to market information.
Dollar IndexDollar Index correlates with US 10 yrs bond yields.
It looks like dollar will be crawling up slowly.
Those rejection shadows usually mark a failed breakdown.
The collapse in US treasury yields weakened the dollar.
U.S Dollar Index Bearish View by ThinkingAntsOk🔸 4H CHART EXPLANATION:
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🔸 Price broke the Ascending Trendline.
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🔸 It has been consolidating for the last month.
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🔸 It has bounced at the Resistance Zone with a strong rejection, so, we expect a breakout of the trendline and a downside move towards the Support Zone.
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🔸 Will look for a lower timeframe bearish setup.
🔸DAILY CHART ANALYSIS:
USDOLLAR Holds 50-Day Moving Average SupportThe left chart show's the daily chart of FXCM's dollar index, USDOLLAR. The instrument is holding support at the black 50-day moving average. The RSI is also looking to cross above 50, which is the bullish side of the oscillator. The right chart shows the hourly time frame. Here the RSI is already bullish and if the EMAs start moving upwards (green ellipse), the greenback is likely bid. If this is the case and the sentiment transfers to the daily time frame, the market will be moving towards a risk-off sentiment.
DXY Intraday Move SpeculationI assume it will have some small retracement upward after being sell-off for some days. If that weekly s2 holds the price from falling further lower then price prolly may rise back up around the s1 which in line with our Fibonacci 61.80%. In a nutshell, retracement speculation for intraday.
NAS100 USD BUY (NASDAQ 100 INDEX - US DOLLAR)Hi there. Price is forming a possible continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Global USD valueStrength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea.
There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown.
Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed.
The area between CAMS1 and CAMR1 is regarded as neutral market.
A break above those levels will establish a bear or bull market.
Demark trendline needs to connect 2 corresponding TD N points. While here we see disproportion (bottom TD point is only N1) so I dont give much credence to that trendline.
If both USD and EUR will keep falling we will see a range on EURUSD.
The question is which one will fall faster. But now we see a pivot stop on USD fall but EUR is likely to keep falling on Monday as it is below April value zone.
Global EURO value index (see my previous post) started to exhibit great daily instability since early March (each days candle has long wigs either way).
I excluded CAD as its economy is much intercorporated with the US one and GBP, CHF being a EURO clones. But still inclusion of those doesnt change the picture much.
💸DOLLAR INDEX💸HELLO, MY DEAR FRIENDS!!!!👋👋👋
🧐I hope you stay safe and happy!!!! 🥰
💲Let's take a look at INDEX DOLLAR. 💲
📝What we can expect from it in a few days?📝
☝🏿The price for a long time in the ascending channel( I think it's at the completion stage).
👇Then we expect a breakdown to the nearest powerful support level. Target 94.897.
❓❓❓What do you think about my chart?
💕💕💕💕Like and subscribe.✔✔✔
🚀💣With LoVE, Rocket Bomb!❤❤❤
DXY Waiting for the Breakout by ThinkingAntsOk🔸 4H CHART EXPLANATION
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🔸 Price broke the Ascending Trendline.
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🔸 Also, the Support Zone has been broken (Now Resistance Zone).
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🔸 We are waiting for a breakout of this retracement before considering short positions.
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🔸 We will look for a lower timeframe bearish setup in case the breakout happens.
🔸DAILY CHART ANALYSIS:
Dollar Index (DXY) AnalysisIf this area holds, bouncing from the 200MA and Fibonacci level we could see see a second leg of strength for the dollar. As we know, during uncertain times, crisis' and recessions - the dollar rules king. If the Covid-19 panic selling continues it would support this analysis and strengthen the dollar. We are also seeing many correlations across the board for appealing flight to safety setups. Be careful will synthetic trades and your exposure.
US 30 - USD BUY (US WALL STREET 30 INDEX - US DOLLAR)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Have we reached our bottom !!???Im just amazed at the speed and volume trading volumes have move in , over essentially the last month
Please note 20 MA applies (Yellow). Its still too early to figure your getting a ferrari off this setup
but lets watch and wait for this to play out ..
U.S Dollar Index on a Decisive Area by ThinkingAntsOkDAILY CHART EXPLANATION:
🔸 Price has been on a downtrend after bouncing at the Resistance Zone near the 100 level.
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🔸 It is now facing the Ascending Trendline.
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🔸 If this trendline is broken, then price has potential to reach the Support Zone at 96.00, and, if that Support Zone is broken, then the next target is the Support at 93.75.
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🔸 Will look for a lower timeframe bearish setup in case the trendline is broken.
4H CHART ANALYSIS:
U.S Dollar Index Potential Long Move by ThinkingAntsOk4H CHART EXPLANATION:
Price in on a clear uptrend, and now it has broken the top of the Ascending Channel. This is a clear bullish signal, so, we consider it has potential to reach the Resistance Zone. Will look for a lower timeframe bullish opportunity.
DAILY CHART ANALYSIS:
DXY DOLLAR INDEX - SHORTlooking to Short dollar at a daily supply during fomc press conference in 30 mins
