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Dollarshorts

Dollar long to short (A controversial idea)It is no surprise that we have seen an influx of buyers in the dollar market since september when the news about Trump running for the election for a second time built alot of trust in the dollar. However, I don't believe this will last for very long. Market open we will see either one of two scenarios play out... scenario A: price will push up slightly causing a further BOS to the upside and taking ASH liquidity before then retracing into the 2H demand in order to mitigate the weekly supply deeper. Scenario B: Price will drop taking out the buyers from the 2H demand as this area is not yet validated by a structural break, price will then fill the 8H IMB and continue its push upwards into the weekly supply which is further validated against my XAU/USD breakdown. In conclusion, if not this week then within the next coming weeks we will see price react from this weekly supply or the weekly IMB above in order to continue in its overall downtrend. REMEMBER all it takes for the DXY to continue dropping is a major news event
TVC:DXYLong
by JamelCapital
USD/RUB - Regime Change IndicatorRegime Change Indicator The Russian ruble will let us know when the madness might end. The Russian ruble has halved in value over the last four months, accelerating that trend recently, coincident with economic sanctions being imposed by governments and by corporations themselves. At the start of the war, some economists noted that the Russian economy might be able to withstand sanctions given that it has made itself less reliant on foreign capital over the past decade. This is up for debate, but what is not, is the prospect of rampant consumer price inflation and increasing unemployment in Russia. Attention is turning to how long the Putin regime can last before the Russian people rise up against it. Perhaps Elliott waves can give us a clue as to when that might happen. Should the Putin regime be toppled, it will no doubt be subsequent to, or coincident with, an appreciating ruble. The chart of USD-RUB offers a compelling wave count whereby a Fibonacci 13-year advance in USD-RUB (depreciating ruble) is coming to an end. Within this count, Primary degree wave 5 (circled) will equal 1.618 times the length of waves 1 through 3 at 167.32 (a typical turning point when wave 5 is extended). This count also offers an Elliott channel target, connecting waves 2 and 4 and paralleling from wave 3, which comes in around current levels. Thus, there appears to be quite strong evidence that USD-RUB is close to a top (i.e., a low in the ruble). Of course, the ruble can appreciate without the Putin regime being toppled but given the zeitgeist, a lasting low in the ruble (top in USD-RUB) would seem to be probable only with Russia re-entering the global economy, and that would mean Putin no longer being there. If this wave count is correct, therefore, it might be a sign of hope that the madness will end soon.
Short
by ferGOD
13
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
DXY: New ATH or a retracement lower? Nov. wk 3It's important to keep in mind previous price action when trying to assess both a currency pair and it's index at the same time. Let's not forget the freefall from the current all time highs through to 97, a drop of 2.5%. After last weeks run up through both of our targets, we are now expecting a retracement within the current structure for the DXY. We expect one of the fibs to go inline with the monthly resistance level of 98.5 to provide us some nice targeted entries. Thus, our bias is neutral as there remains upside potential on the 4-hrly timeframe, where we can use the zones drawn in the chart to cororelate with our USD/xxx and xxx/USD based trades. Looking at the weekly timeframe, we can see very choppy price action that continues to maintain it's bullish long term price action towards our target established back in May of 100.
TVC:DXY
by UnknownUnicorn3442968