USD Index - Advance Into Resistance ExpectedWe start the week with price having rejected from the previous area of resistance turned support at 94.030 and is now looking to test next key resistance at 95.270. Next major resistance to the upside after 95.270 sits at 96.695.
Dollar-index
USD Index - Breakout Hints At Further AdvancesWe start the week with the USD Index above key resistance of 94.030 hinting at further advances in the USD Index. A pullback and re-test of the 94.030 will provide a great chance to look for Bullish formations and patterns towards the target and next key area of resistance at 95.270
DOLLAR INDEX DXY DAILY BUY IDEADollar Index Daily chart - I see a buy opportunity here for dollar pairs from this level we can also see a pull back is due on monthly chart. Daily structure is also bullish
DOLLAR READY FOR BULL RUNINDEX:DXY
USD ready for bull run after failing to close below support and forming reverse H&S
Looking for long opportunities coming into the new year.
Gold Rollover expectedTVC:GOLD
Gold closed below 1300.00 and is expected to rollover. Will be looking for short opportunities
USD Index - Breakout Of Resistance Hints At Further AdvancesWe start the week with the USD Index above key resistance at 93.455 leading to a Bullish bias in this market next week. A failure of resistance would pave the way for a re-test of support at 92.635 however as long as we remain above 93.455 we will only be looking for longs in the USD Index next week.
USD Index - Inverse Head & Shoulder BreakoutThe USD Index confirmed the breakout of the Inverse Head & Shoulder pattern last week clearing the way for further advances towards the 93.635 and 94.630 areas of resistance to the upside. A re-test of the broken resistance area of 92.565 turning support would provide a great area to look for long opportunities. Advances in the USD Index should drive USD Strength across the board next week.
DXY Bull MoveDollar Index shows bull potential in the Weekly and Daily chart,
Weekly chart was left with a wick to be filled and
Daily with a retest completed, we might see a bit of lower price before heading
to the 1.618 fib of 94.11 which also in the Weekly shows an area of unfilled wick.
Dollar Index (DXY) on critical support could retrace to 88.50Dollar Index DXY is sitting on critical support, a break below 91.00 opens the door to 88.50 which is a confluence of:
1) 61.8 fib of the from 78.97 to 103.57 = 88.50
2) it is also the 1.272 fib retracement from 91.98 to 103.57
3) 88.50 area has also acted as previous resistance on 2 occasions and is the break out point
DollarIndex Dangerous test of support - Things are getting dicyWill the Dollarindex manage to hold this crucial level or will it continue down from hitting the top of its long term downtrend channel ( formed since 80's )
Further dollar downfallExpecting further dollar downfall after the bearish flag played out perfectly. Now waiting for a retest of the broken support/flag
Nothing is positive in technical and more bearish fundamentalsTrading idea and analyse from trader Nika Lekishvili
www.tradingview.com ~ My Channel
DXY Index Reference PointRegularly updated DXY USD Index
Reference point for my USD crossees
Strictly Technical DXY AB=CD Channel In Play and H&S //
Established Uptrend Channel
Looking to break past the neckline and complete this AB=CD pattern
DXY - Long but with caution, go in lightWe may see a double bottom before the real move, be very careful into thinking this is the big turnaround. I think we will see another move lower then the big move higher.
FOMC unchanged rates, Still Tax issues & More strong GOLD.Trading idea and analyse from trader Nika Lekishvili
Weekly downtrend on Dollar Index DXY, short bias @ weekly supplyWeekly downtrend. Shorts at weekly and daily supply zones around 97. Room for price to drop to opposing tested weekly demand. New potential weekly supply zones being created at 95.55
Dollar Loosing value - The End Of Petrodollar -> SDR/Gold?Don't get hung up on the stock market, the bubbles. commodities are on sale!
