Dxy_short
DXY / Dynamic / Time and Degree count.There is almost no doubt that FOMC will hike their rates.
The best setup we can have for Short the Dollar.
Difference between Dollar Resistance and Gold support is in no way stable.
Gold is the one leading.
No questions about Gold, but this one is beatiful.
This time I have massive Short ( biggest position ) in Short DXY from 101.60 with no Stops.
As well I have Short positions in UJ, and long positions in Gold.
But they all are small. Biggest position is in DXY because Time and degree count is looking beatiful.
Can dynamics be wrong? Of course my dear child.
Should you execute short? No my child, because the difference between me and you is that I can afford to lose, I doubt you can do the same.
All I am doing is risking reasonably based on what I believe in not in what you say me to do.
Good Luck today!
Watchout the handle!!!We have a full house of markets; Euro still alone holding against the flow. NFP was a clear overshoot sending signals that hikes are beginning to weight heavier in equities.
THE EASY PART OF THIS MOVE IS LONG GONE!
Lets try to make this idea productive for all; extreme divergence between dollar and euro and just the pure chance of making that gap even wider unlocks rather dangerous levels in the euro both on a macro economic front and inflation.
Capitulation time?
USD Index for the Long term Investment < to 2025 Probably!long it , to the trend ,
Then short it to the B AREA
if the price goes up the red trend , and it is something really hard but everything in the market can be , so long it again to A Area
see you after 7 years :=) , or if something really big happen ,and i expect the second one ,
Update idea
US10Y Fake Breakout Pt. 2 (March 3, 2017)Yellen continues to beat around the bush regarding a rate hike this month. Yields have been rallying leading up to Yellen's speech but the Fed continues to disappoint by not providing a concrete decision on whether they are raising or not. If we treat this as a fake break of the trend line but more so as a box and range then we could see 2.300 again before the actual rate decision on March 15th.
DXY Short (March 1, 2017)Today we ran a clean level of stops around 101.70 with a nice reaction and 4H pinbar. There has been some divergence in the recent up move though we could see more bullishness to 102-102.50 levels before turning. There is a liquidity void where orders were not filled around 99.00 which I believe we will need to fill before further upside.
Dollar Index Daily AnalysisThe dollar has been waffling around the 99-102 range for most of 2017. Right now there is a nice pivot area below acting as support and a pivot area above acting as resistance with the range being fair value. I can see two possible scenarios playing out.
1) We get a break above 102.00 and retest support to continuation of the uptrend
2) The upward trend line breaks and we have a selloff back toward 99 and possibly lower
With US yields getting crushed I am more favorable to a bearish bias. I am playing all price action setups within the range.
DXY Daily Key ElementsDXY major level of resistance:
103.40 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance)
DXY major levels of support:
92.00 (Fibonacci retracement, horizontal overlap support)
AUDUSD technical indicators:
RSI (34) is seeing strong bearish divergence vs price.
/dx Oversold Bounce Ahead of Capital Flight to U.SAfternoon
Firstly apologies guys for not posting many ideas recently, I have been up to my eyeballs working on other projects alongside our private trading group.
The neckline was broken on the head and shoulders around the 100 level indicative of further decline toward the 98 handle.
Provided the DXY remains below the right shoulder highs and 50d moving average of 101-101.50, this technical top pattern remains influential and bearish in the near term.
96 is there as underlying support with extension targets of 110, 121 and 130
Thanks for all of your support, please remember to like and comment your views!
Golden cross on gold, death cross on DXYLast week was substantial for both gold and the DXY. Gold was able to close above it's 100EMA, and above the key psychological level of 1220, and DXY closed below the key psychological level of 100, and it's 100 EMA. This will prove to be bullish for gold, and bearish for the DXY.
Looking at the 5 and 100EMA for both gold and DXY, we can see that gold's 5 is looking to cross through above the 100EMA (golden cross), and DXY's 100 is crossing through above it's 5EMA (death cross).
If these EMA trading patterns hold true, we should see a continued bull run for gold, and a continued bear run for DXY.
5EMA - Orange
50EMA - Green
100EMA - Red