MONTHLY: hl -> hh to test monthly resistance @ the 1351.00-1356.00 WEEKLY: Shooting star rejection of 23.6 fib, upward momentum DAILY: Bullish engulfing of prev. 3 days of candles 4HR: Pinbar and low volume as well as MACD shift incoming to upside 1H: Bullish engulfing as well as MACD shift NEEDED
DXY another rise before the correction downwards Two Flats in the Yellow Circles Wave analysis of recent DXY 15th (August - 19th October) SUPER SPECULATION
Price must retrace before going down I wouldn't underestimate either sides. Watch the Long, but don't forget about the strength of the yen.
I wouldn't long till 1.47.49 IMO there should be a small retrace then continuation of upward trend to test the 1.6000 figure Be Patient, follow a plan
DXY has to break 96.16 for a confirmation to sell Euro ZONE pairs
Price resisted the 1.6-.62 price three times and I can see a potential downward channel down to the 1.47
EU has just completed an impulse wave. In the process respecting the 51.8 Fibonacci level from the previous swing high to low (Aug. 14th - Sept. 20) The MACD shows a shift towards the downside in momentum on the 4HR and Daily charts. ( EU Bears get a turn to show their stuff ) If the 1.548 is broken the nearest turn to the downside will be at the 1.46 ( To...
Seems to have entered a channel upwards towards the 2.4 region
First post! :) If there is no bearish movement before midnight there is a likely chance of it being bullish! IMO Just speculation.