dollar index bull flagI see a nice bullish flag pattern has formed, price has broken the shorter term exhaustion to the upside and we can continue to see a stronger dollar with the push
Dollar_index
Interesting pullback from the resistance zone. Whats next ?Hi guys, looks like we couldn`t close higher then our strong resistance line a couple days ago. Now I think that we are going to challenge the SMA 50, we may find support earlier at 93.20 $ (the latest bounce to the resistance line). Lets see what happens !
Dollar Index - third waveIt seems like we're going to have the third wave inside the fifth wave within the next few hours.
A Second Head and Shoulders FormingIt looks like the there's a second head and shoulders forming on the U.S. Dollar index. This comes with all the news with the potential trade wars and the GLD ETF is starting to look bullish with new higher lows which only bolsters the evidence.
DXY Weekly IdeaDXY Weekly Idea
Wait for confirming whether break zone line or not.
Case 1-> Break zone then placing Long
Case 2-> Not break zone then placing Short
DXY Monthly TADollar Index is at Downtrend don't forget it! Also Time Cycles are so obvious!!!! Time period is 16 years. It is time to short US Dollar....Big investor said that time rhymes.....For long-term short US Dollar...News are for losers!
UPDATE: Don't take excessive risk during stormy waters, EURUSDHi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
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UPDATE: What happends to GBPUSD with Brexit vote?Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart!
Have a great day everyone!
Reversal pattern confirmedThe bearish Bat pattern was confirmed last week with a strong bearish reaction to the PRZ.
The Dollar is still above support (!) but it looks like near term trades should focus on counter Dollar opportunities.
Do you agree?
[DOLLAR INDEX] UPDATESThe dollar index will be the driver for the next week, geo-political tensions, trade war and some economic data will still move the market in the short term. From a technical point of view, the index has reached our bearish target around 88.50, and from this area has triggered a good rally. With this in mind, what's next? To find some answers, we must remember what we said two years ago, do you remember? Open the chart below:
If the Fed does not change monetary policy, this view could be correct... what do you think?
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Trading Perspective on The US Dollar (June 3 – June 9)Trading Perspective on The US Dollar (June 3 – June 9): Bullish
Fundamental Forecast for The USD: Bullish
The Greenback got a week full of good news. U.S. economic indicators coming in so positively, notably Unemployment Rate falling to an 18-year low of 3.8% coupled with Nonfarm payrolls beating economists’ expectations (223,000 versus 188,000) continued to underpin the Fed’s tightening plan, and would continue to support US Dollar’s strength in the coming week. The rate hike probability in the next FOMC meeting on June 13 increased to 91.3%.
Trade War will be the main topic for the week ahead as there will be few U.S. high-profile economic data releases printing. This week witnessed the US announce a decision to allow steel and aluminum tariff exemptions for several of its staunch allies. With G7 leaders meeting in Canada next week, this hot spot will surely be put on the agenda. However, whether the posture calms or escalates, bullish sentiment on the US Dollar will likely dominate.
Technical Forecast for The USD: Bullish
The USD posted a breakout failure as expected. However, risk appetite was back in play due to lots of positive announcements, leading the benchmark currency to test back the 94.24 barrier twice in the final two days of the week. Bulls seemingly continued to prevail, suggesting for a possible break above this level in the near-term. The target is predefined at the vicinity of 95.11.
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Dollar Index - ending diagonalIt's likely that the fifth wave is takin the form of an ending diagonal, so we're going to have a downward correction pretty soon.
DXY on a potential rallyThe strong negative Standard divergence could trigger a short term rally to the down side before resuming it course and Bulls regain control of the market. We are then waiting for a clear breakout of the trend line to consider any sell position. fail to do so, we will still look for the perfect entry to buy. Remember to move stop losses to Breakeven as soon as the trade goes positive of about 200points.
Weekly analysis. DXY
AUDUSD Uptrend AUDUSD is showing signs of uptrend failing to fall below support while the US10Y is coming down to around 2.95 forcing the DXY to come down around 92.37.
Long-term speculation on U.S. Dollar indexBased on past 1M regressional analysis (neutral RSI = 49.761, ADX = 32.900, CCI = -23.1942, Highs/Lows = 0.000), mirror patterns usually occur on DX over long periods of time. Same recurring patterns are expected on the 1D time-frame, which is now bullish (even overbought on RSI = 77.665) looking for its first Resistance since its uptrend started (since March 27) at 94.100. A Rectangle is expected afterwards before a pull back to 91.010 in mid August to form the basis for the next bullish cycle into December 2018.
DOLLAR INDEX UPTREND CONTINUEAs the chart show:
1) Double Bottom.
2)Inverted Head and Shoulders.
3) Wave v of wave 3 just started, it'll be strong.
4) Wave count 1 - 2 - 3 may be better replaced with A - B - C , to indicate it is a corrective wave that all Dollar Index history is corrective waves.
5) Each two consecutive waves consumed 3 years to complete.
6) This means the final wave up will continue for 3 years, to the end of 2020 .
7) After that, starting 2021, it'll go down and test the trend line (the thick dark line.)
8) If it breakdown that trend line (the thick dark line,) say GOODBYE US. DOLLAR.
9) If it bounce back up, it may start a new uptrend.
10) We need to answer a question: DURING THE DEFLATION ERA, WOULD US. DOLLAR APPRECIATE IN VALUE?
DXY Expected Movement 1HDXY reached daily heavy resistance last week and rejected. I don't expect another try for a breakout.
For the time being, price is in a downtrend along the median line.
I expect the price will go down further until second support, which is at 91.80
But, be careful. Some important economic data will be announced this week, which might cause a trend reversal.
DXYDollar index just broke above a resistance zone. Trend is up, but RSI is above 70. I expect to see a flag or a retest, for RSI to cool down, but if not next resistance zone is the target. Let's see what happens next.
DXYDollar is at its very high, RSI over bought and already RSI broke trendline.
We should see a drop, very soon and it may be massive.
USDCHF simple breakdonwwe have 2 rejection from 1 level of resistance and beakout of trendline and double top,
Expecting a fall, if you find this analysis useful then like and commet ;)
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