Dollar_index
DXY broke supply levelNothing to stop it to 101.4.
EUR USD, GBP USD, AUD USD will break their support/demand levels
DXYMy previous predictions on DXY were very accurate so decided to publish another one - check my previous plots link are below.
In short term perspective DXY will move up, will touch EMA or maybe even exceed it for some time.
However, in long term I see DXY moving down.
Rising wedwe in dollar, range scalps until breakoutDollar is forming a rising wedge, until a clear breakout appears, stay sidelines or scalp to the inside from the limits of the formation.
Dollar Ready for Next Leg down!With resistance100.70 #usdollar looks ready for next leg down, break below 100.20 can trigger quick fall #Forex #forexsignals #forextrading
DXY UpdateOn the Last DXY post we followed the wedge and shorted this. we have now arrived at the bottom and I suspect that we will start climbing our way back to about 101 level or until we hit the falling trend line.
Long term it seems that this will be DXY last rise to the upside. failure to break above the wedge will result in a large decline.
POST ANY THOUGHTS.
USDCAD Daily Level Short (Mar 28, 2017)Dollar bears have been appearing to hold the 1.34000 level on USDCAD with a big volume selloff on Mar 15th. I shorted a 50% retracement around 1.34200 and looking to target 1.30200 though we do have first support at 1.33000. Will look to cut risk around that level.
Reached a potential Sell ZoneI've mentioned this price zone in this week's newsletter and, as expected, EURUSD is already testing it on Monday morning.
1.085-1.1 is a weekly resistance zone that include:
1) 200 days MA line
2) Daily downtrend line
3) Weekly Structure
4) AB=CD pattern
Although it is a wide price zone, I think you should pay attention to it and look for intra-day bearish reversal patterns that will allow you to better time a bearish entry.
the 1.085 is this week's focus zone with the 200 days MA line that should act as resistance.
CrudeOil Elliottwave View: Buy the dipStrategy: Buy the dip
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CrudeOil is in correction phase and looking for W-X-Y correction on weekly chart where target for Y is above 55. On Short term, we are waiting for good opportunity to go long. After breakout of bullish inner channel, we are on sideline and looking to see support on outer bullish channel.
1.24 is being tested as resistance 1.24 is the nearest resistance zone for GBPUSD and it is being tested as May announced triggering of Article 50.
1.24 stands in the way of GBPUSD and prevents it from continue towards 1.26 - The major weekly resistance zone I mentioned in this week's newsletter (check my website)
GBPUSD is still inside a trading range and can be traded on both sides from the current levels:
1) Bullish - A close above 1.245
2) Bearish - As long as it stays below 1.24 (or in case it'll reach 1.255-1.26)
Dollar Index rally coming after completion of abc correction.Hello folks, Looking at dollar index I'm expecting rally to upside though that will not be as big by looking at divergence in monthly chart, but up move is coming so i'm looking for current move to break previous low confirming an abc pattern then we will see. happy trading:)
EURUSD inverted weeklyEURUSD inverted looks a lot like DXY dollar index
Fibonacci ratios
Could complete correction at USD/EUR=0.5
for a ratio 8/2
DXY DailyBullish above 101 with targets at 101.5 and 102
Bearish below 100 with target at 99
I would like to see the price go to 100.8 - 101, reverse from there and break 100.4, 100 levels all the way to 99 level.
DXY SHORTDollar Index falling down, last FED decision pushing it the same way. USA need money, Dollar became weaker, this will support Export in long term and bring more money to US economy.
Dollar index make corrections moves around 2,5%-3,5%. And long trends around 4,5% - 5,5%.
I expecting to go down 4,5% or even maybe to next support level around 96.72
Dollar Index | Daily viewIt will want one more up I think.
This is not a investment advice.
Take care.
Weekly support zone being tested1.2-1.21 - That's the price zone you should focus on if you are looking for bullish trades on GBPUSD.
The Cable is testing a weekly structure zone, psychological level and the PRZ of a daily bullish Bat pattern.
DXY weeklyDXY weekly
Try finding fibo ratios
Maybe wave d already finished at 8/3
Longterm chart
www.zerohedge.com
Double TopDXY is testing the neck line of Double top pattern beside 50% Fibonacci and Moving Average 50. expecting that prices will go to 101.00 and 100.75 respectively
Another attempt to break 102$DXY is up this morning following Trump's speech.
The Dollar is making another attempt to break above 102$ and continue towards 105$ to complete the bearish Crab pattern.
102$ is still a level that you can try and short DXY (or go long Majors) but notice that the Dollar bounced from the trend line and the Fast MA line - This is a sign of strength... not weakness.
Next high impact event for USD will be Yellen's speech on Friday.
(EURUSD & DXY) HOW INSTITUTIONAL TRADERS COMPARE THE MARKETS!MARKET ANALYSIS: As you can see from the charts both Eurusd and dollar index or showing opposite trade setups. So in Eurusd once the market breaks the flag pattern and closes above the zone we can go for a long. At the same time once dollar index closes below the rising wedge we can short the market below the zone for the given target.
Now this is how a institutional traders compares a trade setup with dollar index, Hope this helps. Cheers!
Dollar Index About to Drop With a sharp impulse to the down, the price of Dollar Index broke below the median line of the pitchfork which acted several times as support. It has now retraced into a correction and tested the median line now acting as resistance. Any sell setup completion at the median line will signal a drop of price affecting all the USD pairs.
DXY H4 longAfter pull back to 61.8 % Fib I am looking at the price to break above 101.95 to go long 102.8
Alternatively bearish below 101.3
