DX
Head And Shoulders Pattern - Weekly Chart - Dollar IndexChart shows the possibility of the Head And Shoulders Pattern on the weekly chart and the target.
Chart also shows the highly dynamic support line which was broken and not re-tested in 2014 and could be the target before any reversal in the trend.
Head and Shoulders marks the bear market and the neckline has already been broken and re-tested.
In my opinion, the Dollar will now be losing power very quickly.
You can see potential EUR / USD and GBP / USD targets at the links below.
Dollar Inverted Head and Shoulders into Possible Cup & HandleHere we have several bull patterns on the dollar futures.
First we established and broke out of a bull pennant, Then we moved onto another bullish pattern, inverted head and shoulders, and now we've developed a cup. Is this a handle that formed on the cup?
Whichever way you look at it, this is very bullish price action on the dollar.
What I'm looking for is the price to break through resistance and into the blue channel while flipping the resistance into support and ultimately capturing the top of the blue channel.
ICEUS:DXY
Time for the USD to rise...Previous talk about USD destruction, etc. have come a long way, and the USD indeed has devalued due to fundamentals. However, it broke out of a falling triangle/wedge, tested and is on the break out. For whatever reasons, the skew in the markets have pushed the USD too far down, and it is time for a USD rise. Clearly, sparked off by fear and such... so much so that bonds, precious metals and crude will be affected.
In retrospect, in mid-September, the signal was given as a preemptive warning.
Now, it is in a true breakout and should have its effect on dropping Gold and precious metals such as Silver. Crude would suffer. Bonds should be in good demand, etc.
Technically, the MACD (middle panel) is already showing support. The BMT (lowest panel) showing the relative strength and momentum is also breaking up with gusto, in good support for a size-able run up.
The USD Index is about to have a massive run up towards the end of the year, targeting 102 possibly, based on chart pattern break out.
weekly analysis of DJ EURO STOXX 50 FUTURES Hi friends
the weekly chart of this market shows that it will know with a high probability after the breakout at the level that the next target is 3447
therefore in the medium term there would be an upward trend
please subscribe to receive more analyzes
Thank you...
weekly analysis of ABBOTT LABORATORIES Hi friends
the weekly chart of this market shows that it will know with a high probability after the breakout at the 85.06 level that the next target is 115.31
therefore in the medium term there would be an upward trend
please subscribe to receive more analyzes
Thank you
weekly analysis of TURKISH LIRA/JAPANESE YENHi friends
the weekly chart of this market shows that it will experience with a high probability an uptrend in the coming days but it is also necessary to be vigilant of reversal of this market towards the opposite one.
please subscribe to receive more analysis