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Dollar_index

MONTHLY ANALYSIS ON DXY(US DOLLAR INDEX)I believe that the Dollar Index is still bullish on the monthly perspective at the present moment @15/09/2018(UK DATE) but it is losing steam and will look to reverse around the 98 -100 region. This will give traders an opportunity to go long for the time being i'm expecting in the upcoming months. As we reach the levels of resistance i will expect a reversal and price should look to fill more of the market inefficiency to the downside( along the way turning support into resistance). I will be updating it as price goes along in the upcoming months...
TVC:DXY
by sulist0cks
1
Dollar is testing support as Investors wait for Draghi and CPIThe Dollar Index is back near support after a failed rally that we saw in August. The support zone includes the bottom of a rising channel, MA line and a structure zone (previously resistance, now potential support) On Thursday we will have the ECB meeting and the U.S CPI data - Two events that can (and probably will) impact the Dollar. The bearish scenario shows potential to reach 93 The bullish scenario shows potential to reach back to the top of the channel What do you think?
TVC:DXY
by themarketzone
DXY-SHORT AT BREAK RULE WAVEAfter falling to X (94.90), rising to XI (95.68), then reversing to the reversal point at 120% (94.60), confirming the bearish trend. At present, the H4 wave group (1) (2) (3) has the rule of recovery at wave (2), according to symmetry wave theory waiting for adjustment of waiting zone (80-100%: 95.08-95.32). Hit down the Weekly timeframe The 3 Elliot rule targets are: - 38.2 fibo: 93.64 - 23.6 fibo: 92.85 - 0 fibo: 91.57 stop loss: at wave (2) 95.74
TVC:DXYShort
by dinhchien
DXY breaks below 21-EMA, eyes 23.6% FibDXY extends declines for the 4th straight session. U.S. President Donald Trump said he disagreed with the Federal Reserve’s decision to raise interest rates. Possibility that the Fed might slow down the pace of tightening in response to criticism from the White House weighing on the dollar. Technical indicators are biased bearish. RSI and Stochs have rolled over from overbought levels. We see -ve DMI crosover on +ve DMI and MACD is on verge of a bearish crossover on signal line. Price has taken support at 21-EMA, decisive break below will see further weakness. Scope then for test of 50-DMA at 94.94 ahead of 38.2% Fib at 93.65. Support levels - 94.97 (50-DMA), 94.92 (23.6% Fib), 93.65 (38.2% Fib) Resistance levels - 95.57 (21-EMA), 96.13 (5-DMA) Stay short on upticks, SL: 95.75, target 95
TVC:DXYShort
by FxWirePro
DXY short opportunity The US dollar index has retraced from 13-month highs at 96.98. Shooting star formation seen on daily charts and price has dipped below 5-DMA at 96.49. Intraday charts have turned bearish. Price action has dipped below hourly cloud and we see bearish divergence which adds to downside bias. Shooting star formation seen on daily charts and price has dipped below 5-DMA at 96.49. Price is holding support at 1H 100-SMA at 96.42. Break below will see further weakness. Next immediate support is seen at 96.31 (23.6% Fib) ahead of 1H 200-SMA at 95.84 and then 21-EMA at 95.50. Good to go short on break below 1H 100-SMA, SL: 97, TP: 95.84/ 95.50
TVC:DXYShort
by FxWirePro
GBP/USD counter trend buy tradeGBP/USD fell into what I call a double zone. First falling into the weekly demand zone and within that a smaller time frame (8 hour chart) demand zone. My entry was at 1.3105 with a stop market order in at 1.2699. I've decided to risk 2% of my account size on this trade and looking to take off 2/3 once it hits 3:1. Dollar has been very strong recently so I may be a bit more aggressive with taking profits. If you like my info guys please give me a thumbs up or follow me. Would love to hear more of your thoughts on my analysis as well. Thanks for viewing guys and gals :)
Long
by Agentzereo
7
DXY - Wave 1 of iii of 3 Nearing A TopThe Dollar has clearly started its larger agenda, with wave 1 of a very large degree iii of 3 (Very Bullish) nearing its completion. On the lower degree level an internal wave iii of v looks to be complete with the iv starting. A choppy wave iv and v should still be to come for the completion of the wave 1 which leads to the next main move being down in wave 2 into the Fall and possibly out to the end of year. Overall, the extremely bullish long-term picture has a LOT of upside ahead so keeping a clear awareness of that is recommended.
TVC:DXY
by TTCSteve