USDCHF Bullish OutlookPrice has formed a bull flag pattern here on the 4H time frame. Now, we are just waiting for the completion of wave C at 61.8% fibonacci retracement level.
Usdindex
EW Analysis: USD Dollar Index May Face Limited DownsideHello traders!
Today we will talk about US Dollar - $DXY - USD Index.
DXY was in a big sideways consolidation since March, ideally within a bearish triangle in wave B. Currently, we can see it finally breaking into new lows for wave C that can stop in the 97.50 - 96.50 support zone around important 61,8% - 78,6% Fibonacci retracement and from where we may see a bullish reversal at least in three waves, maybe even back to 103 highs, but to confirm our view, we need to see a bounce and recovery back above 100 region.
What we want to point out is that if you are familiar with Elliott Waves, then you know that triangles cannot occur in wave 2, so it must be a B wave, followed by the final wave C decline and then the whole structure looks corrective within uptrend.
We just want you to be careful at this stage, so don't fall in love with bears just yet, because even stocks can be trading at extreme levels and with a potential sell-off, USD Dollar may be a safe-heaven again.
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
US Dollar index- Hitting long term support UpTrend line. US Dollar index- Hitting long term support UpTrend line.
USDJPY Long Trade Setup on Multi- Timeframe AnalysisWelcome to Profitlio Trading!
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Here I have done a MTA for USDJPY with considering key supports and resistances along with a 100 and 200 MA on D1 and H4. Sketch up your own trade setup and make sure you meet with the required confirmations first before you make your move!
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Profitlio Trading ( Since 2014 in Financial Markets )
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USD INDEX MAY BULLISHUSD may getting stronger as the price currently hitting strong demand zone. As we know, NFP result was great for currency. But we cannot take this for overall USD pair.
Take fundamental analysis for trading too for other pair. But for now, the price may bear until it hit demand zone for bullish. I currently trading eurusd sell for now.
DOLLAR INDEX MAY TEST 98.80 NEXT WEEK.USD INDEX SELL ZONE 100.50 AND 100.85 POINTS
STOP LOSS: 101.20
TP1: 99.65
TP2: 98.80
USD INDEX shortI think USD dollar Index will GO down to reach the area 88
we have a bearish trend on MACD and also MACD is Below Signal.
If 94.93 breaks out, USD index will go down further!
US Dollar DJ Index- Hiting long term uptrend support levels. Dow Jones FXCM Dollar Index was a measure of the U.S. dollar’s value equally weighted against four of the world’s most liquidly traded currencies:
Euro (EUR), 25% weight
British Pound sterling (GBP), 25% weight
Japanese Yen (JPY), 25% weight
Australian Dollar (AUD), 25% weight
What is the future of USD Index?Me again!
As my analysis has done before, I post my next analysis for USD Index.
Please keep follow it.
Bye bye :D
DXY W4 MAY 2020DXY
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
USD INDEX OUTLOOKWith weaker nfp number expected. Strengths of dollar would decrease. Very tight SL and Very conservative TP. TRADE WITH CAUTION. THIS IS ONLY A POSSIBILTY AND IS FOR EDUCATIONAL PURPOSE ONLY. NO RISK TAKEN
USD $Down trend correction is not done yet. DXY should correct till 97 then up trend continuation. 100>>97-96.5>>above 103
USD INDEXImpact prior / during FOMC news
Price may bounce in between 100.75 and 99.25 with a possible retest at 100.00 before a possible further downtrend.
However, if a rejection were to fail, then a possible further downtrend downwards below the 98.00 price zone level.
As of 30/4 is the last day before the closing month, a clear bearish closure below 100 key level may push down-ward to 95 and below.
DXY Short4h
We see the dollar index in a downward trend, in terms of the wave, we see a double correction, which is likely to last until near the price of 97.
This week includes important and influential news
GDP report
FOMC Statement
Unemployment hog
ISM’s manufacturing PMI
We would like to add that American companies, including Apple Amazon McDonald's S&P, are set to present their quarterly reports, which could have a significant impact on the country's gross domestic product.
Corona reports, as usual, have their effects on price
Pivot: 97.98
With the failure of this area, we will be the seller until 98.5
If the price fails in this area, buyers will enter the field and increase the price to 100.8 as last week.
DXYThe dollar index is likely to be in an incentive structure given the new wave, which is nearing the end of the sequence and declining to the microwave shape, but from a fundamental point of view, the US economy is still affected by reports of the coronavirus. .
in this week
April 23 Unemployment reports and PMI reports will be the only major dollar reports
DXY Bearish Possible Scenario Hello Everyone !
Here we Have DXY ( USD Index ), Forming an ABC Pattern, Point B ( 78.6 % Fibonacci Retracement ), is the place where we would like to see DXY going in order so we can see the final reaction of the market around there for getting a better Entry in a short Position, until then we stay Patient and Observe.
Stay Home & Trade Safe !
Let me know your Opinions below for This One !
