Previous Close: 100.75 Upward Bound: 101.77 Lower Bound: 80.07
Rebote importante de un area de soporte y de vuelta al canal alciste con leve pendiente al alza
DXY is on a sharp sell off following the 99.90 High on February 20th. The 1D chart is on a strong bearish territory (RSI = 37.767, ADX = 49.169, Highs/Lows = -1.0001) and just hit the 0.618 Fibonacci retracement level from the 96.35 December 31st Low. We believe this level is at or close to the current bottom of this downtrend, on a similar sequence as 0.618...
DXY has been trading inside a very strong 1D uptrend (RSI = 71.713, MACD = 0.440, ADX = 48.457, Highs/Lows = 0.4165) since the December 2019 bottom, almost turning overbought. The dominant trend on the long term (1W, 1M chart) is still bullish as the Dollar Index has been within a Channel Up since May 2018. However the price is now close to a symmetrical Higher...
DXY has been on a strong downtrend since the early September top. Last week this downtrend broke to the upside and with the 1D chart turning bullish again (RSI = 62.141, MACD = 0.060, ADX = 22.482, Highs/Lows = 0.3161) we are expecting a new bullish leg towards the 99.10 - 00.60 Zone. However there are two dark spots we need to point out: - The first is the 1D...
Elliott wave + Momentum + Harmonic pattern High probability setup..
DXY dropped again below the 1D MA200 (RSI = 40.089, MACD = -0.130, Highs/Lows = -0.2864, ADX = 25.789) approaching once more the Higher Low trend line of the 1M Channel Up that has been trading within for over a year. The pattern resembles the early 2019 sequence and as you see on the chart this could be the 7th phase that will initiate the uptrend. Two targets...
The Dollar Index made a bottom (Higher Low within the 1M Channel Up) at the start of the month (double bottom in fact) on 97.10 and has had a steady rebound since. We are seeing a lot of patterns being repeated within this long term (+1.5 years) 1M Channel Up (RSI = 56.888, MACD = 0.590, Highs/Lows = 0.1904, ADX = 35.134). The one that stands out now on the 1D...
Weekly update with the outlook on my favorite trading instruments where I place around 90% of the deals. These include: Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB . If you like what you see, please fell free to hit the Like bottom and leave your comments. Disclaimer: By viewing this video you fully accept and agree that it offers...
Weekly update with the outlook on my 5 favorite trading instruments where I place around 90% of the deals. These include: Gold , Crude Oil , EURUSD pair and the Emerging markets via USDRUB . If you like what you see, please fell free to hit the Like bottom and leave your comments. Disclaimer: By viewing this video you fully accept and agree that it offers...
DXY has been trading within a very long term Channel Up on 1M since May 2018 (RSI = 56.323, MACD = 0.620, Highs/Lows = 0.0491). The standard setting of Higher Highs and Higher Lows on the 1D MA50 and MA200 periods has been very helpful in recognizing early buy and sell entries as it happened on our latest analyses: As the moment and following the Higher...
DXY looks like it is setting up for a possible spike higher, but into strong resistance. Watch for sellers to step in if we break higher into the box region. 99.5 is a cluster of weekly candle closes and should offer strong resistance (previous swing high wick also). 100 psycological level above that, so bulls have their work cut out for them.. :) USD bulls...
DXY has been trading within a long term 1M Channel Up (RSI = 58.550, MACD = 0.590, Highs/Lows = 0.6224) since May 2018. The pace has been very steady and the High - Low signals clear. The price mostly traded on the inner channel with the 1D MA50 and MA200 coming to support the next rise to a Higher High. We are currently pulling back from such a Higher High and...
The Aussie bounced off major support from Jan 2019, rejecting lower prices. Rally to atleast the .618 retracement seems likely at this point ** on 6A, Aussie futures, support is from Jan 2016
Dollar seems to have topped for now and might be headed to 96.50 short term, If lower Trendline breaks we might see a bigger drop. MACD sell signal triggered. Fed will most likely cut rates in Sep **If you're interested in joining a group of like-minded traders, send me a PM. This is NOT a subscription service, just bunch of average traders sharing insights in a...
Assuming ABC pullback is completed. We can expect seasonality factor will drive the price up. If ABC pullback shows signs of bigger bearish wave, then this assumption is wrong.
DXY was rejected in late May on a Double Top on 1D and sellers stepped in to push the price lower within the dominant pattern of the 1M Channel Up (RSI = 53.041, MACD = 0.390, Highs/Lows = 0.0000). The price broke below both the MA50 and MA200 but so far no Death Cross has taken place, so the selling will most likely stop on the Channel's Higher Low around 95.65....