The US dollar index has retraced from 13-month highs at 96.98. Shooting star formation seen on daily charts and price has dipped below 5-DMA at 96.49. Intraday charts have turned bearish. Price action has dipped below hourly cloud and we see bearish divergence which adds to downside bias. Shooting star formation seen on daily charts and price has dipped below...
Hello traders of the world. Thanks for clicking in! Today I'll be looking at the roaring dollar index and analyzing its potential drop off that may be coming up from this resistance zone. I've marked off the pivot highs and lows in circles and it looks like we've got a sideways trending formation coming. So if you're looking to make some trades that correlate...
The dollar continues to consolidate at the top and cant develop a corrective movement that has matured for a long time. In this regard, today's data on US GDP for the second quarter (preliminary) may well play the role of a trigger. On the one hand, the data is expected to be simply magnificent: according to different estimates, the growth rate will be 4.0-4.2%....
The growth of the dollar during the US trade wars looks rather strange. Yes, supporting and protecting national producers (the main goal of these wars) is a good thing, but the negative effects can far exceed this positive. Recall, last Friday, new tariffs against Chinese goods totaled $ 34 billion were incorporated. China, as warned, introduced reciprocal mirror...
Not so often there are days when you can say with almost 100% certainty that this is a day of great movement. So today is just one of those days. Too many crucial things happen on this Friday. First, the US tariffs against China ($ 34 billion) since today are reality. China, in its turn, introduces counter tariffs. In fact, this means war. Especially because...
Today is a day off in the US, which means that the market will be thin enough to provoke a strong movement. Although a more likely candidate for the "judgment day" is, of course, Friday. And the explosion of volatility seems almost inevitable. The reason is that two very important fundamental events occur on this day. We are talking about statistics on the labor...
No matter who is talking about, but we are again about selling dollars. Despite the positive news from the macroeconomic statistics and the aggressive actions of the Fed, correction for the dollar is inevitable. It has matured a long time ago, but the fundamental pressure continued to push the dollar up, despite all the technical maturity of prices for reverse. ...
Morning traders! Today let's see USD JPY , in lower timeframes in my opinion there is some short opportunity until 106 zone , price has been rejected from 108 zone 2 times and that's an important resistance zone , while in long term , into the daily timeframe i've seen a potential inverted H&S , is still forming , it's just a potential signal so don't take that...
Now that we get our 2 target in long i short eh Dxy for the pullback,he is also overbought and i think 94.06 its a good pullback level or we can go more deep to the Up t-line...but i prefer said only 94.06 who match with the resistance that become support enter at 94.66 Target 94.06 so is a go for 60 pts more we go in 2 separete position like all time for can...
Need to fall channel retest and collect power to break resistances.If you like please support with like and fallow.Thanks Check my other charts...
Dollar index broke a key monthly support level last month and is currently trading below this monthly resistance on bigger timeframes. In this setup, I see a bearish pull back on the daily time frame and a good time to buy other currencies and gold as they are all on their pull backs as well technically.
GbpUsd - Daily - Longs in play.. price trading in a bullish structure making new higher highs and higher lows.. the trend is bullish so we are buying on a pull back
Bullish momentum fading. Bearish divergence. This is bullish for EURUSD, bearish for DXY. This is in line with fundamentals, with a June rate hike almost fully priced in to the market.
DXY Vs XAUUSD: best estimates for Gold and DXY for Monday's expected shift in valuations
UsdChf on the weekly time frame looks bearish. This is in line with the daily time frame which shows futher downward movement is possible. High Chance that the candle of the upcoming week will also close red. Sell the Spikes. Stoploss at 0.9990 or 1.0020. Take profit depends on how long you want to hold this pair.
Dollar Index Monthly - Structure speaks for itself. Big moves to the downside expected. This correlates well with global indices and Oil they are also indicating a big correction on larger timeframes technically.
Dollar seems weakening. This is my play on it.