Dollar_index
DXYAs we see dollar broke the old supple zone and its moving up to the fresh ones, maybe return from 98.80 but on my opinion it will see 100 then the big drop
be careful trading dollar pairs in FX, dollar is everything ;)
DXY can correctionAs predicted in the previous analysis, DXY was strengthened last week. It is currently close to its PRZ and TRZ range. If it does not reach its price range and begins to fall within the specified time range (July 29 to August 9), the price range will fall to 97.04 and will start falling if it is within the specified price range and at the specified time. Could fall to 97.52.
USD Set up discussed in our strategy session USD line in the sand 12385 we look for a marginal new high to act as a bull trap
DXYTVC:DXY can continue the down trend in PRZ and TRZ zone that show in my analysis.
EK_ANALYSIS
Good Luck
dxyfinishing the correction (in comments) with ending diagonal. how typical :D
that small correction that is making now is same as in previous push up, so thats why im expecting somewhere similar retracing up before drops again and give us that diagonal whats presented on chart. however that drop down at last part can come in very different sizes and shapes and can be finished as soon as it tags the low (presented with blue horizontal line) or around that purple horizontal from daily/weekly time frame to form running flat and rush up again. from the other side it can drop even further and to which lvls we will know when we see what structure its making on its way.
we can see all same pattern in almost every dollar pair accordingly so stay wise. if that is really end of the correction that means big wave is coming.
1D) Dollar Index bull scenarioAssuming ABC pullback is completed. We can expect seasonality factor will drive the price up.
If ABC pullback shows signs of bigger bearish wave, then this assumption is wrong.
DXY Decline? hmmThe DXY is currently undergoing the retest phase of the break out from the neckline. From here I am expecting price to decline further to the 96.00 level signalling weakness in the Dollar.
DXY ' DOLLAR INDEX CHART 'The American dollar is the overall winner this 2018, despite being battered in these last days of the year. The DXY recovered from a yearly low of 88.25 achieved early February to a 17-month high of 97.71 in December, now battling in the mid 96s. Much of dollar strength came from the US Federal Reserve and its tightening policy, two steps ahead of any other central bank. But it also benefited from weakness somewhere else, mostly focused in political trouble in the Old Continent. " Valeria Bednarik "
Dollar index broke 97.70 SupportBroke a critical monthly support for the dolalr we coudl see a strogn rise from here
Dollar Index Projection This WeekAs you see on the chart above, this pair still on the track inside bearish channel....
Dollar nearing a top - Good Time to Long GoldShort and to the point!
Macro's for USD still have to play out with America being the oil king of the modern world. While administration officials will willfully seek to devalue the currency to increase mfg, and the appearance of wage growth, while making our exports more cheaper and imports more expensive. I run loops in my mind concentrating specifically on the dollar. Talking heads right now still calling for more strength - this is partially because the current trend has continued since the last FOMC meeting.
If patterns serve us well here, we are nearing a top and could potentially see another reason here to get bullish on gold.
Obviously much more TA is needed to administer an entry into gold, but this is logic on yet another.
DXY Momentum and Bear Bull Sentiment LongIf you are a trend trader, then bet on the dollar increasing in value as we progress towards the middle of the year. If you are looking for a top, I am not confident we are there yet.
AUDUSD gives a great selling opportunityAUDUSD moves in downtrend and I think it will target 0.7000 Next hours
DXY on some support areaAs you see Dollar index came in channel support and horizontal support. It can high probability go up.
GBPUSD is Back-testing the inverted head and shoulder pattern - GBPUSD is back-testing the inverted head and shoulders pattern. it probably raise to 1.3400
EURUSD may will not able to continue the pattern If you followed my last article about EURUSD I thought that the EURUSD will target 1.1440 to continue the Shark pattern .. But I don't think that now because the up move is weak.
EURUSD pair enter selling zone now it's near the upper side of the down-channel and near PRZ of the Shark pattern the selling is better than buying it.
good luck
