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Dollarshort

Dollar Index Bearish Flag Breakout The DXY is currently trading at around 96.62 just after breaking the bearish flag which it was in for almost a month after the drop from it's high of about a 100. With a break out of the bearish flag i expect to see the Dollar drop to around 93 which is equivalent to a -61.8 Fibonacci extension off the retracement Fib level starting from the high of the previous drop to the first base and start of the bearish flag. Going down to our indicator under, we have a bearish divergence on the MACD which clearly indicate an incoming wave of sells. Price going back into the flag and breaking lower high structure will invalidate this analysis. Trade safely
TVC:DXYShort
by mariobillz7
US Dollar Index ( DXY ): Technical Analysis shows more downside DXY is rolling downward for the last couple of months. The technical analysis hints for more weakness and bearish target 94.65 1. The price is moving in a descending channel 2. Currently, it's trading below the key resistance of 97.20 3. It may bounce upward for a short term from the Fibo Extn.100% at 95.80 due to oversold condition + bullish divergence coming in play on MACD 4. 94.70 is the target insight with the higher TF's still remaining bearish along with the confluence of horizontal support/swing low/channel bottom and Fibo Extn. Therefore, I suggest selling it on a rise for the given target. GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
TVC:DXYShort
by moneytize
20
MYRUSD Strengthen| The downturn of Dollar is begin| 3rd May 2020"When the steam is not there for the Dollar, we buy our own currency Ringgit..especially KLSE" -Zezu Zaza, Webinar 1st May 2020 The selling in Dollar last week is a one of example of mechanism of retracement. As we can see, Ringgit is strengthen this week. This week is a bullish potential sign has started. Half of our sector industries will be open today 04th May 2020. The opening of the sector will rise the Ringgit in the short term. It is a slow volatility but safe. The subsidy or Bantuan Prihatin Nasional will be credited to your bank account by today for the second phase. Please let me know if you want me as your financial advisor for your Ringgit trading or Bursa Saham trading. I am buying Ringgit for next whole week. Starting today Monday will open a buy position. What is the target? I will tell the exact price on where the Ringgit will headed on my web page subscription for the signal. Regards, Zezu Zaza 2048
Long
by Zezu_Zaza
Dollar Index Broken Structure Level !Hi Traders, here is the full analysis / Breakdown for US DOLLAR INDEX. Keep this pair on your watch-list. Conditions - 1. Wait for confirmation (Environment Change / Retest Of Structure & Confirmation of Bearish trend) 2.Use Risk Management (Risk 1% of your capital) 3.Do your Own analysis 4.Follow for more Analysis like this ! Dont forget to give me a like & Follow , let me know in the comment section below if you have any questions. See You in the next Video / Analysis Global Fx Education Team
FX:USDOLLARShort
by Global_Fx
DXY Short Long TermDXY long term my bias is short due to multiple rejections of the 97.50 resistance area. From here out I see a couple scenarios playing out for the dollar as we come up to NFP. We could reject the golden fib which we are sitting at right now and reverse to 96.40 support we will either break or bounce. If not I see further dollar strength till NFP for one more test near the 97.50 psychological level. This could line up for a NFP fakeout(fake break to the upside) and melt. I will be monitoring this setup looking for an entry and updating throughout the month.
TVC:DXYShort
by plorenz21
EURUSD Down Because Brexit and Germany Could Enter Recession Fundamentals are fairly important in financial markets. Its why I spend so much time on them. This is how I came to the ultimate conclusion that the trend of EURUSD is down mainly because Brexit, updates of which you can find here: anthonylaurence.wordpress.com While economic data out of the Eurozone was somewhat favorable at the start of the week with the IFO Business Climate Index, consumer confidence was weaker in Germany. Such negative sentiment caused ECB President Draghi to assert that the ECB would step in should the need arise in financial markets. This didn't budge the euro at all. In short, Brexit isn't trending well although it could lead to a conclusion. This would break the euro out of the downward channel, but in the short-term investors will probably continue to witness this price action, at least until April 12th before which we will probably see an extension if no deal is reached. For more analysis, check out www.anthonylaurence.wordpress.com
Short
by WhiskeyTangoFoxtrot3
USDJPY Drops Because The World Is Freaking OutThere are a number of fundamental components that caused USDJPY to collapse on late Friday trading at the end of the North American session. Traders became spooked by the yield curve inversion which tends to be a sign of an impending recession. Traders were also not very happy with dovish Fed speak earlier in the week, chaos around Brexit, and no respite from the global economic growth slowdown ((you can read more about all these issues here: www.linkedin.com On Friday,; it also became apparent that German growth is significantly affected by the US-China trade war contributing to its slowdown with German PMI data coming in at 44 when 47 was expected. Speaking of the US-China trade war, the US sanctioned two Chinese companies for their dealings with North Korea in the vain US attempt to fight both the North Koreans on nuclear issues and the Chinese on trade at the same time. This will definitely complicated trade matters. The point is, all of this is freaking out global investors who then poured money into the Japanese yen as it is traditionally viewed as a safe haven currency and moreover is also a popular starting point for the carry trade given that interest rates are so low in that country. However, the flight to safety complicates this with increased foreign exchange risk given the overall trend of strengthening. Nonethless, expect this flight to safety trade to continue in the long-term (several months to a year) while in the very short-term (a day to a week) we could see a bit of a pullback given the RSI indicator flashing oversold and the bear bull indicator suggesting USDJPY short is overcrowded.
by WhiskeyTangoFoxtrot3
97.71 remains line in sand for US Dollar Index BearsThe recent rally past 96.68 levels must have turned most traders on the bullish side of US Dollar Index but prices still need to decisively break above 97.71 levels to void the bearish scenario. It has taken several months and expanded flat structures are difficult to identify at times. At this moment the larger degree structure remains intact towards an expanded flat being unfolded since 97.00 levels earlier. Also note that the rally from 95.20 through 97.00 seems to be in 3 waves, and hence corrective. A bearish reversal from here could still keep the structure intact. We remain neutral for now and shall wait for a break below 96.50 levels for further confirmation on the bearish stance. Kindly note that upside remains limited even if 97.71 levels break, since strong bearish divergence is seen on different time frames. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXY
by FXTM
1
SHORT US Dollar Index remains bearish below 97.71 levelsThe US Dollar Index has managed to squeeze a few points above 96.68 levels as seen here but it still remains vulnerable until prices remain below 97.71 levels. The overall structure since December 14, 2018 highs at 97.71 levels seems to have produced a complex corrective structure, probable a combination w-x-y not labelled here. Furthermore, the US Dollar Index is hitting fibonacci 0.618 resistance of the drop between 97.71 and 95.20 levels at this moment. A bearish reversal here could set the track for upcoming move lower towards 94.00 levels at least. Also note that the higher degree wave structure remains unchanged for now with a probable expanded flat unfolding since 97.00 highs on August 15, 2018. Overall bearish bias remains until prices trade below 97.71 levels. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
TVC:DXYShort
by FXTM