DAILY VIEW ON DXY - U.S. DOLLAR INDEXHey guys,
Here's my view in the Daily chart. I'm not planing any more sells, I will wait for trend breakout and look for flags to buy!
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Hola chicos,
Aquí está mi visión en gráfico Diario. No voy a planear más ventas, esperaré a la rotura de la tendencia y buscaré banderas de compra!
Carlos
Usdollarforecast
Long USDOLLAR around 12250I am looking for a double bottom, without significantly breaking through the previous highs. The facts that it didn't touch (missed) the support trend line and that it didn't make break from the old resistance are short term bearish of the USDOLLAR. Also it is below RSI 50 and its momentum is clearly bearish.
When the indexs gets near 12260 and the RSI 30-35, I am going to be going long.
DIAGONAL IN DXY - 4H CHARTHey Traders,
We have been analyzing this structure for a few weeks already in DXY (US Dollar Index)
We are expecting a fifth move in the diagonal and then a breakout towards to the -0.27 fibo level potentially.
When this happens, all USD pairs will be affected.
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Hola Traders,
Hemos analizado esta estructura durante semanas en DXY (Índice del Dollar Americano).
Estamos a la espera de un quinto movimiento dentro de la diagonal para luego tener una rotura que de un movimiento hasta el nivel Fibo -0.27 potencialmente.
Cuando esto suceda, todos los pares con el USD se verán afectados.
Carlos
$USDOLLAR Bullish Wolfe Wave @ Geo's Off-Set RuleHello Traders,
A while back I posted a Bearish Wolfe Wave on the Dollar Index(Linked below). That is a weekly view of strength of the dollar. Zooming in we can see that the dollar is not quite ready to make a move to the downside.
Here we have a perfect setup for a bullish move.
1. The larger Wolfe Completed at 5'. This give the Geo's Off-Set Rule @12211 as a target.
2. The smaller Wolfe Wave in the triangle also gives a signal of bullish moves ahead.
If you'd like to learn more about the Wolfe Wave and Geo's Off-Set rule you can visit the links below:
wolfewave.com
www.tradingview.com
USDOLLAR Index ready for an upswing?The USDOLLAR index has reached the bottom of the upward channel it has been maintaining for months. The last candle is indicating that the index is ready for an upswing, the stochastic indicator confirm this appreciation. It is time to watch related pairs like USDJPY, GBPUSD and EURUSD for good trades.
OH! MIGHTY UJ WHERE ARE THOU? UJ seems to not care but continue to drive down south....
I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either.
113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)