Dollar-index
Forecast dollar-index (DXY) for this weekDXY is in a bearish channel since dec 20.
Expect a breakout of the channel this week (move up).
After move up expect a quick surge down to take out the stops at 99.40
Or vise versa: take stops, then surge up. Update tomorrow.
Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)
DXY Daily price levelsDaily close below 98.85 - bearish scenario to 97.85 and next below - 96.40.
Daily close above 100.97 - bullish scenario to 101.97 and 103.82
Major old supportive trend line touch, stops above it.Major old supportive trend line touch, stops above it.
Thank you!
DXY - The rocket launch of DOLLAR.I think we are seeing a real shift on geoeconomy. Follow the evidences:
- FED promises THREE rate hikes this year
- The change of the geopolitics towards a USA-Russia simbionse
- "Economic emancipation" of China. (The nationalization of the world's mass industry).
- The End of BRICS (as we know it).
- The maturation of Euroland and Asian Tigers.
- Rejection of globalism in East Europe.
- Rising rejection of globalism in South America (which was the sino-russian reign for decades).
- At last but not the least: Donald Trump.
Place your bets!
Dollar Index Intraday Forecast: move up to 100.75 - 101.0Expect DXY to gain some strength in the first part of the week (100.75 - 101.00). Midterm i think DXY has still some room to drop.
Forecast Dollar-Index hanging the inaugurationThis is a wild (educated) guess with the Trump inauguration in less then 24 hours. However this is what my analysis shows. Limited retrace, then move up to 1.02.
US Dollar IndexUS Dollar getting ready for the next big move to the upside. It has been in a uptrend since May of this year, last big move happened after election day retesting the 50EMA, breaking the resistance trend line and 100.25 resistance that has also been resistance since March of 2015.
Then found resistance on 102.00 for a pullback since election day. It already broke out of the 1H downtrend resistance and now retesting it. My goal is not to tell you the entry points, since every single individual is different and entries varies. But pay close attention to the market (Especially EURUSD) to start 2017 in the best way possible :)
Any idea, constructive criticism, addition or disagreement are welcome.
Dollar index (DXY) 2016-2017 Analysis: Wave 4 correction is due.Talking Points:
DXY Technical Strategy: Keeping bullish outlook but temporary correction due
Elliottwave Count: Nested impulsive count, wave 4 correction is due
Analysis
DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August month. Current count is suggesting more upside towards 103 and above. However, we are expecting small set back of this impulsive rally as part of wave 4, we were seeing small correction in shorter time frame but that is still too shallow.
Action
As We are expecting small set back to re-test channel support, we are looking to re-initiate our long position on dollar basket, i.e. we are looking to sell EUR/USD (Euro / US dollar), NZD/USD (New Zealand Dollar / US Dollar), Crude Oil, etc.
-- By HoagTrading.com (@Hoagtrading)
usd dollar index shortwe see divergence after strong impulse and unexpected elections so now i expect correction for the usd to the phycological level 100
Dollar Index; Headed To 107Dollar bulls have managed to clear the massive resistance at 100 which had halted bullish surge twice before. Now a 7-point range is broken which gives us a target at 107 for this bullish rally.
Good luck,
Ali Sharifazadeh, CFTe
DXY will bearish next week searching wave 4 secondaryMany people say if trump win, USD will bearish. but why USD keep strong bullish until now?
this is the answer! in technical, dollar index status in USA election is going to wave 3 secondary bullish. look at my chart. right at trump win, market suddenly going bearish, but its just to fullfill wave 4 minor. so dollar index status now will bearish going to wave 4 secondary. AO indicator said bearish too.
XXXUSD will bullish
USDXXX will bearish
DXY Dollar Index short time frame after TRUMP up & down INTRADAYGood for scalpers & Intraday traders: DXY Dollar Index short time frame after TRUMP up & down INTRADAY.
50-60 pips down & up again. If price is gonna up 99.01 break with SL.
For any questions, just leave a message.
$DXY | Bullish Targets Defined | Election Day PredictionHello Traders,
The following prediction for the US DOLLAR CURRENCY INDEX is not based on the election results per se. In fact, what I want to show here is that the chart has already determined which direction it will go regardless of outside interference. I expect the election results to act as a catalyst towards the targets defined and not the other way around.
Hope you have a great trading week!
Best,
Chartistry
DXY: Such a BeautyDollar Index is no doubt respecting this bullish channel obediently. We are now expecting a retracement back to the 97.55 and potentially 96.55 area for another buy setup.
DXY [10th - 14th Oct]With a mixed US data last Friday, we saw the Dollar Index coming back down from the week high at 97.12. Price is currently still trading in the key level of fibonacci and resistance area. As long as price can't break the 96.81 level, we can expect price to reach lower towards 95.88.
