- Looking for temporary Dollar weakness in the form of a retrace to below 100. - Followed by next impulse leg up on negative GDP-news - Fundamentally a US recession is looming - US slump will translate to a cooling world-economy - This will trigger risk off and with it Dollar strength - Volume profile shows strength in upmove - After the high volume is falling on...
USD index likely bto fall to the zone around 102.603 or a little below it with respect to the fibonacci pattern 50>>70% which aligns perfectly with the zones and chart as seen respected 50% and so our next target is 70% whichb is a zonne and also has liquidity to be taken out
From my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short. This is for SWING traders but for shorter term traders, you can adapt this to your strategy. For next week, I will be looking for long opportunities in...
Tony here, We saw some moves last friday mainly cause of NFP but the we should expect the movement to continue. What is your take?
I have been keeping my eye on USDX and the recent sgorts from USD HAVE been in sync with USDX. And i dont doubt with more movement from here we will see it directly.
I'm expecting a short term depreciation on USDX. But the outcome of the news can oppose my idea. FOMC.
Now this may be hard to grasp in, but the technicals don't lie... USD index has tested the support line of the upward channel, unfortunately the support wasn't capable of holding the price to it's intended direction. The dollar index has been strong since last early, respecting the formations of higher highs and higher lows. Seems like the bears are taking...
Hi traders, Today I analyzed USD index that can reflect on currency basket and prices of commodities. Level of index is currently overestimated and is above 95.00 lvl so I expect sharp drop to 94.70 lvl as a 1st target and maybe test 94.50lvl as a 2nd target. That will reflect on strengthen currency basket against USD. Feel free to comment your opinion!
Expecting price to reach for the breaker block at the 90.540 level then later fall to fill the liquidity below the equal lows at the 90.200 level. This move will cause all XXXUSD pairs to be bullish.
Using equidistant channel, the DXY is still on a monthly fall with a possible lower channel support on 87.578. In view of a larger bullish channel, a stronger support maybe around 79.50. This bearish move seems to be of higher probability in view of potential economic stimulus in the pipeline, aligned with the narrative COVID-19 market playbook: extreme...
The Seasonal Tendency for the month of September for the DXY is Bearish, Look for shorts this month but also be able to adapt to what the market gives you
Trading plan After breakout of the range at the end of May, trend is clearly bearish. Fundamentals speak about selling bias too (Fed's Bostic comments, hints about more stimulus, partial lockdown reversals in the US). Bullish pullback has been completed completed in unusual double-top pattern which played as a trend continuation pattern (yes it happens...
INDEX:DXY possible drop looming for dolar index as it approaches key resistances zones
BLESSED "GREGORIAN NEW YEAR" not much is needed more than what should be plainly visible in DXY chart. and not to grip and seek out DOOM and GLOOM, but unfortunately i was handed a pretty strange "gift" to add to what is both technically and now fundamentally playing out: last december i was handed a series of dreams/ visions regarding currency collapse. the...
USDX - there is strong resistance at 98.4-.6 Almost no momentum left for USDX to rally further
bearish signal also on the daily time frame for the US index