DXY in long term downtrendDXY has been in a long term bearish downtrend since 1974 and the bearish tendency will continue to dominate next weeks....
Usdollarshort
USDOLLAR Short 450 Pips OpportunityUSDDOLLAR is in a short trend from the looks of the Weekly and Monthly chart. If the current support level is broken, then we can expect it to go down 400 pips+ below until next support.
Depending on the price where you sell, do attention to your SL.
This is a good move to keep an eye on.
DXY Broken Trend Sell OpportunityIt seems USdollar broken it's nearby support price @ 89.43. Now there is a good Opportunity to sell until price @ 88.56
US Dollar Index Bullish Trend OpportunityIt seems DXY index reached it's support @ 89.43. Now there is a good opportunity to bullish until price @ 90.46
US Dollar Index AnalysisIt seems USDollar index seems moving towards bullish channel, Now it's breakout's the resistance price @ 90.36, now there is a good opportunity to bearish until price @ 90.00
USDJPY: today neutral trend with downside riskUSDJPY cross is at the end its rebound from last week low at 107.30. Today as long as price will be below 111 is much better to open new short positions with 109.50 in extension. A daily close below 109.50 will open to more downside ahead. Bearish trend will expire only on a daily close above 111, in that case rebound will continue with 112.20 as a target before falling again.
Dollar index daily tf - bearish setup Dollar index broke a key monthly support level last month and is currently trading below this monthly resistance on bigger timeframes. In this setup, I see a bearish pull back on the daily time frame and a good time to buy other currencies and gold as they are all on their pull backs as well technically.
BUYERS definitely in market.The pair that that is always fair!
UJ weekly showing multiple confluences for rejection zone at around 109 level. If Sunday DAILY closes bullish engulfing we could definitely see lift off of this pair. But downtrend is still currently valid on higher Time Frames so be careful in swinging in any direction. My bias is just visuals of momentum switch on lower Time Frames on this pair.
Higher Time Frames do take more time to show movement so updates on them will be weekly. Setups off this pair will be patient from my end.
DXY weekly analysis. Do we break 93 and go lower or pullback?DXY – US Dollar Index
Oh how the mighty have fallen!
The US dollar index fell for the third straight week in a row last week, closing at 93.974. At the beginning of the week we laid patient in ‘wait and see mode’ paying attention to how 94.00 would play as a level of support. First thing Monday price closed the trading day at 93.87. Verifying our downward bias and invalidating our level of support. We knew at that point risk on strategy would remain in charge for the remainder of the week.
Now, with price threatening to breach below the 93 level, we are experiencing the same wait and see scenario. Only this time we have real cause for concern. The 92-94 level has held the greenback for almost three years. Seems illogical to think price is just going to blow through these levels. However, the trend is on a tear and pushing very hard toward 90. I’d even say we may see mid 80’s by years’ end.
The largest threat here is a trend reversal. ALL USD pairs are over extended and do for major retracements. The pressure felt by risk on traders will be quick and overwhelming. I suspect any moves to the upside to be quick and unsophisticated. WE WILL NOT be counter trend trading them. However, in the event of major pullbacks, we will be designing strategic, higher timeframe, with trend entries.
Summary
We will be patiently waiting for price to break below 93 to ride solid sell signals or price to consolidate/move up to form strategic trend resumption entries. NO COUNTER TREND TRADING!
LWM Current risk on/risk off definition.
Risk ON Risk OFF
DXY down DXY Up
Indexes UP Indexes Down
XXX/USD pairs UP XXX/USD pairs DOWN
Trade at your own risk!
USDJPY longterm shortSimple technical analysis using support and resistance to identify and long term short for usdjpy. Maybe even a breakdown in the near future.
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.
USDOLLAR | Bearish Wolfe Wave | Targets DefinedHello Traders,
The US DOLLAR, which is a basket of major currencies weighed against the USD, is showing signs of weakness after an explosive move to the upside. Here we have 3 potential targets. The first target, and highest probability target, is Geo's Off-Set Rule #3 at point 3, followed by Geo's Off-Set Rule #2 at point 4, and finally the 1-4 target line. Although I expect the 1-4 target line to hit, Geo's Off-Set targets are placed on this chart for visual purpose. What you should be looking for here is consolidation and support at these levels as the index moves to lower depths.
Stay tuned for more updates.
Best,
Chartistry
MAJOR RESISTANCE LEVEL FOR US DOLLARSHORT DOLLAR AT 12169. MAJOR RESISTANCE LEVEL.
STOP LOSS JUST ABOVE THAT LEVEL.
USDOLLAR DXY Combo Cycle Count UpdateJust a look at how our count is coming. We did have an outside day with a new low on this count and a down close but it left us with a large wick as prices stayed in the trendline and hugged the lower fork line. Could just be a cycle churn but either way August 18 still looks good as the Stochastic is on slow decent to oversold.
USD 4/8/2016This is the longest USD chart I could find. Again, determinism + free will = controlled free will.
$AUDUSD Wolfe Wave, Point 4 In SightHello Traders,
In this Wolfe Wave I want to highlight the internal moves between the points.
Points 1-2: You want to look for an abcd pattern in the development of points 1-2. Though it is not always the case this usually helps define whats coming later on.
ab=cd
Points 2-3: Similar to 1-2, 2-3 also forms an abcd pattern. 2-3 is typically the longest wave in length and time. It can also possess more complex internal wave patterns as the points are being created.
Points 3-4: This path is similar to point 1-2 as it forms another, smaller, abcd pattern. If point 1-2, for example, is an impulse move, look for 3-4 to act in the same manner.
Points 4-5: There are a number of moves that can develop between these points, another abcd, ZigZag pattern, or a swift move to the downside is possible. This move is really what I am interested in seeing in this chart!
Finally, I want to hone in on the 1-4 trajectory line and how it can potentially help us figure out where point 4 is. Notice how I place the trajectory at an angle that acts as an anchor throughout the formation of this Wolfe Wave. I would also be interested to see how this plays a role in this formation.
If you find this chart helpful please let me know by liking and following! :-}
Thank you,
-Chartistry
