Usd index, long term view. Base on fibonacci, trendline, will drop more.
Forming double bottom with divergence on RSI, looking for earlier entry through the break of the downtrend line, then add on the break of the neckline resistance zone. Good risk reward, target the next resistance at 61.8% unless we see a major shift in dollar sentiment.. Good Luck!
DXY Setup: Structure Breakout & Retest Confluence: CRS Entry: Sell @ 98 SL @ 98.10 TP @ 97.50 Let's see how it goes. Note: Price can reverse anytime as bullish momentum still looking strong.
USD has sign of decline. Watch to buy EURUSD, AUDUSD, NZDUSD, GBPUSD. Sell USDCHF.
In this video update, we talk about the USD and what we expect to see ahead of the FOMC rate statement this evening. The Fed is likely to cut rates by 0.25% and if they continue to discuss further easing we could see the USD weakness continue.
do wave 3 is done we have at this price (0.6887) a resistance to evalute (168% fibo extention) our target is 0.6819 (32% fibo retrasement) God Bless U Our Telegram Channel : t.me Instagram Address: @TOPCHARTIR_FOREX
The USD Index is currently finding support at the 98.18 level and trendline support. Poor retail sales couldn't push price through the support instead we saw the price react from the level suggesting the USD bears aren't around currently. If price closing bullish here we could see the USD bounce towards the key resistance one again.
USDCHF already broke up trend line Broke Key Level @ 0.9960 and retest it and couldn't penetrate Price moving below 100 MA Volume Profile show that next station for price is 0.9913
After a sequence of five waves in the motivational phase,we are now in the correction phase The first wave of motion was completed with a leading pattern Now we analyze the next move If the blue area breaks up,We are likely to face a complex structure (double or triple combination) In this case, we will organize the buy orders And vice versa. GOLD Bless you
Will today finally bring some direction to the USD? The federal reserve is set to cut interest rates by 0.25%, but the language they use will be more important. If the fed decide to be more aggressive with future rate cuts we may see the USD weaken significantly. Even if the fed use hawkish comments we are likely to see President Donald Trump try to continue...
EURUSD is at a key technical level where technical traders will be looking to short the market. However, fundamentally we expect the USD to weaken as the USD comes under pressure from President Trump and the Fed. Price on the 4hr timeframe is currently consolidating and a break of the range will be key to identifying the sentiment.