The anticipated break higher has been seen, with the USD index reaching 103.65.
A corrective pullback is now highlighted, however, as overbought momentum studies unwind, with a break below the 101.80 retracement opening up congestion around 101.00 and the 100.70 retracement.
Still deeper reactions cannot be ruled out, but critical support within 99.43/75 should...
Upside trend should be confirmed (started 1h before last ECB & FED press conferences) ...
A continuous bullish move we`ll see by prices above 103.56 (last week high & yearly high) and bearish move by prices under 101.78 (last week temporarly high). But prices above 99.11 still are still don`t damging the slightly bullish picture (on higher time frames) ...
How...
it is possible that USD index going to reach $110 that means EUR will go all way down, everybody wait USD index to go down since most of daily traders are trying to take long positions in EUR, frankly EURUSD maybe go up for short time correction and will continue go down faster to achieve the new bottom below .
it's very important to not trade with big contract...
Hi traders just sharing analysis for the USD Dollar index and how to pick a great entry.
Potential buy at any failed re-test of the blue line which also aligns with the RSI and historic support levels.
Potential sell at the 61.8% fib level which aligns with previous resistance.
The blue box indicates the criteria for entry with 4/5 requirements needing to be...
Bearish Flag is appearing on the charts, there are lot of euro data's in this week, we can sell the break below of the channel for 141 extension as initial targets...
Potential downside set up with poor US news being the catalyst for a correction from wave A - B (50% fib 11912 area) for a resumption of the down trend towards wave C (monthly resistance at 11720).
Reversal Patterns in Daily Charts Around 1.39, Could take retracement of .618 on alt bat pattern on 4 hour chart which is around 1.435, good risk reward ratio...
1. Looks Like USDIndex will reach 105 before next interest rate decision.
2. If Markets Crash then Fed might go back to near zero policy in next meeting. which will pressure dollar significantly and may fall afterwards.
3. Head And Shoulders showing up Euro Chart.
4. 3rd wave in USDIndex on Daily chart .
5. RSI wants to test 68 again in USDIndex Chart.
6. Oil...
1. Looks Like EUR/USD will reach 1.02 before next interest rate decision.
2. If Markets Crash then Fed might go back to near zero policy in next meeting. which will pressure dollar significantly and euro may rise afterwards.
3. Head And Shoulders showing up.
4. 3rd wave in USDIndex on Daily chart.
5. RSI wants to test 28 again in Euro Chart.
6. Good to Sell on Rise.
]Bullish Bat
Dollar will soon have a bounce.
Either we see a truncated 5th wave and a 3 drive to a bottom pattern see link below or...
It could also end with a quick spike down and create the Bullish Crab pattern as shown above
and a good 5th wave target.
Fear not ..but belive what you see and trade it.
@BLawrenceM
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed,...
