DXY IS BEARISH ON DXY BUT ITS STILL NEED A RETRACEMENT
All fundamental news, Corona virus increasing massive across europe, how market is behaving lately, and all technical are setting up for one of the biggest recessions in history to happen, and we can see this at the dollar chart which is a clear falling wedge at my view, preparing for a massive move, we need patience, but it will happen, elections might trigger this move
Two days ago I said that Dollar Index is bullish in my opinion and the recent drop is just a correction before a new leg up. The marked has confirmed this outlook and now the index is above short-term support. Sell rallies on EurUsd, AudUsd, NzdUsd and GbpUsd is my strategy for next week
Dxy just made a correction, preparing for a bigger move to the upside, if we break downside, it will make a lower low to prepare for even a bigger move than expected Get ready to add buy positions, watch lower timeframes to do it, good luck everyone
Hey tradomaniacs, looks like DXY is breaking out finally. If the retest confirmes this breakout we can short EUR/USD as its showing an S/H/S-Pattern. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
DXY Long Setup The US Dollar is still range bound in this area. Buyers respecting the ascending trendline and sellers are also respecting the supply zone. Clear rejection off the ascending last week, more strength is anticipated in this index
Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dxy chart looking at the daily it is a pretty tricky one here because last week we had a break to the downside and we have a break to the up side and a very very wide move, so this move to the downside and what happened was we're gonna see if this is a correction and continuation or if this was the impulse, And as we can see on the daily timeframe, Dxy did close...
Dollar index continue downside move
DXY may go some upwards to finish its D1 extenssion .
Since last week the dollar broke resistance but failed to keep up the momentum, the dollar weakened and dropped back to support line 97.4. The area where the dollar stops is also supported by the yellow line (200 moving average line). The Stochastic is in a bullish position on the daily graph. The dollar is trending up in the daily graph. Bullish signal with a target: 98.3
If it does goes down strongly, it will confirm the bearish view and the top is in at least for the short term Should find out in the next few sessions if usd bears have taken over