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BIG RED BEAR knocking on your door! Part 2 - DXY 2HBIG RED BEAR knocking on your door! 12 High Probability Trends Reversals BIG RED BEAR is back in town and he's hungry for some pips! Wave Count is suggesting that the USD could unfold a Bearish Minor 5 (red) leg. Minute iii (red) started unfolding back on Dec 12th when I called the USD down-trend like a champ with this article: "FED December Rate Hike – DXY Technicals – Elliott Wave Analysis" . Dollar Index (DXY) is finalizing the entire Corrective Structure which was tracked down in multiple insights: "FED Rate - DXY Technicals - Ready for a Bullish Corrective" " Dollar Index (DXY) – Bullish Correction – Minute IV " "DAXY - Bearish Minor 5 - Final Leg" "DXY Video - Bearish Minute 5 - End of Down-Trend" "Dollar Index (DXY) - Completing the Correction like a Champ" "Dollar Index (DXY) - Completing the Correction - Bull then Bear" Dollar Index (DXY) looks like it's ready for the next BIG moves. The Complex Corrective Structure is complete, with the entire WXY Pattern showing a possible Bearish Trend Continuation, the Double Flat seems to complete with an Ending Diagonal and the Bearish Divergence. In simple terms, the BIG RED BEAR is awake and hibernation is over. He is hungry and "pissed off". I am expecting the USD to get trashed for one last time so the entire Bearish Cycle would complete. This could make a difference and the Swings could be wild and Aggressive.
TVC:DXYShort
by Lionheart-EWA
4
Time for DXY to make up its MindPrice is entering an area of decision. Will we continue the range that started back on Jan, 12th or will we see a breakout to the upside with 91.00 being our target? Either way, the price action of the next few days will tell all. We don't have any major data points coming out, so look for Fed Speak or unexpected events to have a bigger impact than usual this week. Let price action determine which way we will go next. Look for the break of 90.60 to test 91.00 or a firm rejection of the area to the make a play south to the 89.70 area.
TVC:DXY
by YourForexMan
BIG RED BEAR knocking on your door! Part 1 - DXY DailyBIG RED BEAR knocking on your door! 12 High Probability Trends Reversals BIG RED BEAR is back in town and he's hungry for some pips! Wave Count is suggesting that the USD could unfold a Bearish Minor 5 (red) leg. Minute iii (red) started unfolding back on Dec 12th when I called the USD down-trend like a champ with this article: "FED December Rate Hike – DXY Technicals – Elliott Wave Analysis" . Dollar Index (DXY) is finalizing the entire Corrective Structure which was tracked down in multiple insights: "FED Rate - DXY Technicals - Ready for a Bullish Corrective" " Dollar Index (DXY) – Bullish Correction – Minute IV " "DAXY - Bearish Minor 5 - Final Leg" "DXY Video - Bearish Minute 5 - End of Down-Trend" "Dollar Index (DXY) - Completing the Correction like a Champ" "Dollar Index (DXY) - Completing the Correction - Bull then Bear" Dollar Index (DXY) looks like it's ready for the next BIG moves. The Complex Corrective Structure is complete, with the entire WXY Pattern showing a possible Bearish Trend Continuation, the Double Flat seems to complete with an Ending Diagonal and the Bearish Divergence. In simple terms, the BIG RED BEAR is awake and hibernation is over. He is hungry and "pissed off". I am expecting the USD to get trashed for one last time so the entire Bearish Cycle would complete. This could make a difference and the Swings could be wild and Aggressive.
TVC:DXYShort
by Lionheart-EWA
4
THE NEXT MOVEMENT WILL CONFIRM A BIG BULL MARKET IN GOLD. It is simple. Price are usually weakening before fed meeting. Prices may bounce a little or continue to consolidate. The next low should arrive around the time of the March Fed meeting. WE ARE AT A FLECTION POINT FOR THE DOLLAR . GOLD BREAKOUT IS LINKED TO A BREAKDOWN IN THE DOLLAR BELOW 88. I am a strong believer in correlations market. Usd/zar is collapsing right now with the same 2001 pattern, so what we should expect? Yes, dollar will continue to go down.
FX_IDC:XAUUSD
by Nostructure
DXY dollar strength should continueThe strengthening of the dollar should continue now that the possibility of a government shutdown is behind us. We should see the dollar reach the 89.40 area. If we can hold there price will continue to around 90.00. The key figure to watch with this rally will be Thursday's CPI inflation data. We should see an on par or better than expected figure but if not. Expect price to show it and for the DXY to turn south and break the 88.50 area and even possibly the 88.20 area for a new low. Trade idea becomes invalid if price doesn't hold the 88.90 area on the small pullback coming. As always do your own due diligence and homework when it comes to trading. Have a plan and stick to it. Keep calm and forex
TVC:DXY
by YourForexMan
EURUSD bearish RSI Divergence and Double topComing week will be interesting for DYX pairs, most of them are in bearish RSI divergence. EURUSD in the manner is in bearish divergence in addition to formed a potential double top in H4 time frame. Break of the up trendline will give a nice risk reward opportunity for coming week. If you dig more there might be much more promising dollar pairs with bearish RSI divergence setup formed for next week up on the rise of dollar end of last week. Happy trading !!!!
Short
by rf16saun
Is this the end of US Dollar's Bear Run?DXY experienced such a roller coaster day yesterday, starting from a Draghi's hawkish speech which push Euro even higher to Trump's statement saying he is expecting a strong dollar, which helps DXY to gain temporary bullish momentum. If I see from the chart here, Trump's statement has helped pushing DXY to break over 78.6% fibo extension line (89.17 level), hitting the ceiling at 61.8% retracement (89.56 level) and is now retracing back to 89.17 level. At this point, it is really hard to predict if this is really the end of bear's run for US dollar. From daily chart, I can see bottoming tail, which indicates a strong rejection to the downside. Long term wise EMA(200), I'm still bearish on US Dollar. It is now interesting to see how DXY reacts to 89.17. To add on, RSI(14) forms a hidden divergence which indicates a downtrend continuation now. It is interesting to see: 1) If there is any reversal price action around 89.17, short term wise will be bullish for DXY at least until it hits 89.56 2) Otherwise, the bear will still continue to push DXY even lower.
TVC:DXY
by nivelij01