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.
Dollar_index
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
Waiting the Dollar index @ 95.40 - Dollar index for selling until 95.40
- If the price complete the bat pattern .. it will give us a great opportunity to buy.
- Don't be greed in selling because we are in a uptrend in the long term
GBPUSD in the hot zoneHello Guys,
GBPUSD is moving in downtrend as you seen in the chart and the upper side of the channel match with the moving average 100 so it's a cluster zone. I think it's a great opportunity for sell.
you can see the dollar index analysis from here
Any question I'm here for you ... good luck
Next week chance : Sell EURUSD Hello everybody
Until now I can't see any buying opportunity for EURUSD although I want to sell it from 1.1440 or 1.3320 .. Of course if the price go to 1.1440 will be better because it is match with the down channel.
If you follow me I bought USDCAD in this post www.tradingview.com .. ... So don't enter both trades
DXY Targets 100.00 Level The dollar index moves in incomplete harmonic Crab Pattern and I think it will target 100 level to complete it.
Thanks a lot for reading
Dollar index Reached to his target AS Expected in our last DXY analysis " you can watch it here
" the Dollar index reached to his target and I think it will make a small correction to take the momentum for more up move
DXY BEARISH movement!The blue zone shows an area where price has previously acted as a resistance and where the green zone has also previously acted as a support, so i am expecting the Dollar to drop to my green zone
Dollar Index - third wave to move onWe're likely going to have the rest of the third wave next week.
Dollar Index - third wave is underwayThe market is likely going to continue unfolding the third wave of wave {c}.
