$DXY : uptrend will continue?After retail sales come in stronger due to climbing wages and other strong data from the US I expect that the Dollar index will get momentum, and show strength a couple of weeks ahead
Dollorindex
sell for USDCADAccording to the bearish order block in 4 hours time and the liquidity that is placed near it, the price will go up to that area and then it will go down.
Quick DXY 15mins reviewMorning/afternoon/evening guys
DXY created a small gap on 15mins after the continued rally yesterday. As it did not move significantly during the Asia session, it's highly possible to move back up, fill the gap, and possible to retest 105.651 awaiting for the big US news.
105.651 is a historical SBR (support becomes resistance), bold green trendline is hidden weekly trend line.
Note: I don't trade DXY. Big news ahead, stay safe!
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Disclaimer: Chart is static market is not. I learn from losses and mistakes just like everyone else. No financial advise is given here. Your money, your own risk. :) And Good luck.
it's isn't just the future of the dollar, it's about all fiats0.61 5-i=99.18
0.78 5-i=108.4
butterfly harmonic pattern:
X=68.29
3-4=0.78 X-3
4-5=0.88 3-4
0.61 5-i=99.18
0.78 5-i=108.4
0.78 4-5=85.85
0.88 4-5=82.23
0.78 X-3=78.34
0.88 X-3=73.47
1.6 4-5=60
1.27 X-3=57.35
1.6 X-3=2.24 4-5=45.9
DXY WILL PUSH LOWER BEFORE PUSH HIGHERIn the DXY (Dollar Index) we can see the 5 waves up clearly that's mean we finished there wave 1 or A and we are now coming for wave 2 or B after that we can see 5 waves to the upside for wave 3 or C. Most probably we will bounce from 61.8% of fibo to the upside.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#DXY #dollarindex
U.S. Dollar IndexThe weekly price chart below shows the U.S. Dollar Index printed a bullish candlestick last week, again making its highest weekly closing price in over one year. The price has broken above the level at 12238 which I had identified as key resistance, although the closing price was not high enough to be very confident this resistance has been invalidated. The price is above its levels from 3 and 6 months ago, which shows that a long-term bullish trend in the greenback is present. Generally, these are bullish signs, and are supported by the risk-off market environment being at least somewhat supportive of the greenback.
The best strategy in the Forex market over the coming week will probably be to look for trades long of either the USD or the CHF or JPY.
dollor index is running up after pullbackDXY in the powerfull UPTREND but I am waiting for pullback and economics calender on tuesday
