on weekly time frame it started to indicate a bearish wave is coming
USDX is approaching our first resistance at 96.14 (horizontal swing high resistance, 61.8% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our first support at 95.06 (horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci extension). Stochastic (55,5,3) is also approaching...
USDX is approaching our first resistance at 94.37 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) and a strong drop might occur below this level pushing price down to our major support at 94.00 (horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (55,5,3) is approaching resistance and we might see a...
The US Dollar Index broke lower from its consolidation, dropping to fresh lows at 93.83 levels. Please be aware of a potential bear trap around 93.70 and 94.00 levels since the entire region is fibonacci 0.382 support of the previous rally between 88.00 through 97.00 levels respectively. Looking at the wave structure, it could still remain probable for the index...
The US Dollar Index is also consolidating within the rectangle region highlighted on chart here. Looking at the wave structure, Wave B could be still unfolding as an expanded flat a-b-c, before Wave C decline could resume. If this count holds true, we could witness a sharp rally towards 95.70 or probably 96.00 levels as Wave B termination point. Also note that a...
The US Dollar Index short term picture could still remain encouraging to bulls if prices stay above 94.40 levels. The index is probably carving an expanded flat corrective wave structure as potential Wave B. If this structure holds well, we could see prices rally back towards 95.70 levels at least or even push through 96.00 mark. The rally on Friday from 94.38...
USDX is approaching our first resistance at 94.91 (horizontal overlap resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 94.40 (horizontal swing low support, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading...
The US Dollar Index 0.02% hourly story is suggesting that the recent rally on Friday may push it higher towards 96.00 levels before finding strong resistance again. There is no certainty of the above though, but a possibility cannot be ruled out. Please note that fibonacci 0.618 resistance is also seen at 96.00 levels and we can expect a bearish reaction if prices...
Im not bullish, bearish, or neutral. It all depends on what the timeline is. Short term, bearish; - 5 waves up complete, - strong rejection of the bulls shown in long wicks up, - I would call strong bearish divergence on daily RSI (several peaks show declining RSI peaks while price has been rising), - A strong recent rally in USD. indicates that a correction is...
Price is approaching our first support at 94.19 (horizontal overlap support, 76.4%, 23.6% Fibonacci retracement) where price might potentially bounce and rise to our major resistance at 95.58 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise...
USDX is approaching our first resistance at 95.24 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 94.68 (horizontal overlap support, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching...
USDX is approaching our first resistance at 95.14 (horizontal overlap resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.10 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also...
USDX is approaching our first resistance at 95.09 (horizontal overlap resistance, 38.2%, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.45 (horizontal overlap support, 50% Fibonacci retracement). RSI (34) is also approaching resistance where we might...
W: Shows rejection at 95.00, 95.50. Undergo retracement. D: Closed bearish with momentum to the downside. Challenge 93.00 H4: Broke neckline. Interested to do short USD pairs if price retrace back to 94.20. TP1 at 93.40 Not recommended to enter at current closing price, 93.96. Depending on momentum of a candle stick, we can see that 94.50 neckline has been...
USDX is approaching our first resistance at 94.76 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 94.17 (horizontal swing low support, 61.8% fiboancci extension, 61.8% Fibonacci retracement). Stochastic (34,5,3) is also...
USDX is approaching our first resistance at 93.52 (horizontal pullback resistance, 38.2% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 91.80 (horizontal overlap support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is approaching our major resistance...
USDX reacted off our first resistance at 92.85 (horizontal swing high resistance, 76.4% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 90.96 (horizontal pullback support, 50% Fibonacci retracement). A breakout below our intermediate support at 91.93 (horizontal overlap support, 61.8% Fibonacci...
Price is reacting off our first resistance at 92.54 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 91.78 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89,5,3) is also seeing a...