Usdollaranalysis
US DOLLAR - Breadown + How This Will Affect Global MarketsIn this special idea I will breakdown everything the US Dollar has done and what it is about to do.
Do you need proof? I have proof. If you don't have proof you're guessing.
Don't guess when it comes to the markets, know exactly what is happening or get out.
I have linked the previous few ideas below that are related to the US Dollar.
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Has Us dollar(dxy) strength Resumed?We are currently analyzing a possible inverted head and shoulder which shows a reversal chart pattern that the previous downtrend might has ended and the the former uptrend may resume.
We expect a retracement to the neckline and a candlestick confirmation to trigger the buy order. Target is as shown on the chart and the ideal stop loss should be set below the right shoulder.
DXY - price re-entering zone below psychological level of 93.00After a bullish start to the week the US Dollar Index has taken a bearish turn, with price now re-entering the region below the psychological level of 93.00. On the 4H chart we can see that although price broke and closed above the 50 EMA, it failed to do so on the 100 EMA.
It is now about to enter a zone of support where price has bounced from previously, however, as the overall trend is bearish, it may mean this support does not hold after already being tested 4 times.
We will be looking to see the reaction from this level before entering any USD positions. A close above 93.80 is still required before things start looking more bullish for USD.
Dollar has More room to the upsideThe triangle preceded the 5th Wave. After the end of the wave 5 , the rapid correction in the opposite direction began.
Next week we expect more upside, after correction in to the potential reversal region marked on the chart
US DOLLAR - Wave Revision - Breaking Down The WavesIn this video I go through the key differences between the recent price action in the US Dollar and how it compares to the EURO.
Below I have linked the EURO idea so you can compare and see the differences.
Everything is easier in hind sight but the AriasWave methodology allows you to still profit from these moves.
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US Dollar - Tracking Minor Waves - Wave 2 Still UnfoldingI thought I would show you my view on what the US dollar is doing in relation to the start of this C Wave.
The leading diagonal appears differently here with alternation between waves ii and iv displayed perfectly.
Waves i and v are similar in length which adds to the supporting evidence that this is what we are seeing.
For Wave 2 we are still in Red Wave C and I expect Red Wave D to break out of the channel to the upside and Red Wave E to retest it.
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USD Index (DXY):Multi TF shows destination 92 routed via 98.80 The multi-timeframe analysis for DXY shows the short term bounce towards 98.80 before heading lower towards 92.
Following is the step by step break down of the analysis from higher to lower TF's:
MONTHLY:
(1) Bearish due to bounce from the long term down trendline acting as resistance.
(2) The bearish divergence comes in play between the leg 3 & leg 5 of the impulsive push-up.
(3) Followed by a lower low breaking through the structural horizontal support.
(4) Bounced higher towards the falling trend line and gets rejected, thus forming a hidden bearish divergence to continue lower.
The above-mentioned facts make the probability of pushing it towards the confluence of support zone from 92.85 - 91.33
The confluence of support is derived from the multi-year rising trendline + Horizontal support & resistance structure + Fibo Extn. 61.8 at 92.11
WEEKLY + DAILY: Are under upward correction
8 HOURLY: Bounced up from the channel support after reaching 100% Fibo Extn. around 95.80
1 HOURLY:
(1) The first push-up is completed along with bearish divergence.
(2) Now it's retracing to re-test the projected up trendline (RED), from where it may bounce-up to create the second leg towards channel's high.
(3) Once, it reaches the upper boundary of the channel + horizontal resistance around 98.80, it may resume the downwards journey towards the 92-93 area.
TRADE IDEAS:
Short term- Buy the retraces until it reaches 98.80
Long-term- Selling it, once gets rejected from the channel's boundary along with a break of the rising trendline + re-test validation of the resistance.
GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
USDOLLAR Ascending inverse scallopAscending inverse scallop, looks like the short term drop has already begun, looking for bullish continuation.
Dollar Index- what's next?Following FOMC yesterday, DXY has broken the trend line channel support and now is trading at 97.15 which coincides with horizontal support.
We believe that we assist to a chance of trend and we can expect the index to fall to the next support at 96.00
USD index is correctingWith projected negative interest rate DXY will weaken against all major currencies. For now consider this as an ABC correction. Gold, Silver, and Stock Indices should go up too. Good Luck. Be patient!
DXY - 1/6/19Price has been on an uptrend since January 2019 giving us a series of Higher Highs and Higher Lows, shown clearly on the Daily TimeFrame. Price has also been rejecting to push higher than 98.00 since April 2019. I have highlighted the MACD divergence seen on the Daily and 4HR indicating the possibility of a bearish run.
Moving to the 1HR, price is sitting on the trend-line and a strong support area.
The above is based solely on Technical Analysis.
The strong bearish candle resulted from a news release on Friday, I would wait to see what happens and how price moves and reacts at market open.
However, my overall outlook on the DXY is bearish.
US Dollar Currency Index / W / Weekly Forex Analysis / 4.15.2019Hello Traders, welcome to the Weekly Forex technical analysis. Today is April 15th, 2019 and we will be taking a look at the U.S. Dollar Currency Index on the daily chart just to get into the calendar, and have an outlook into the upcoming week. Looking at the Dollar Index here on a weekly time frame, we can see a rising wedge type formation playing out. Last week we were looking for the retest of 97.701 area didn't quite get to the top of the wedge. We are going to be watching this area again into this week of 4/15/19. If we can break out of this 97.701 area which is acting as major resistance we can possibly see continuation towards the 98.687 area. On the other hand if we don't see a rally towards 97.701, then be mindful of a possible retest of support near the 95.960 area. We are so thankful to have you tune in, please feel free to write a comment or leave feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
US Dollar Index (15M TF)I believe the dollar is still starting the week strong following last week. The US Dollar sustained inflation as well last week which allows hopes for the Fed to raise the interest rates four times this year to allow the bulls to run.
USDOLLAR Short 450 Pips OpportunityUSDDOLLAR is in a short trend from the looks of the Weekly and Monthly chart. If the current support level is broken, then we can expect it to go down 400 pips+ below until next support.
Depending on the price where you sell, do attention to your SL.
This is a good move to keep an eye on.
US DOLLAR - Time for a bounce?With wave 5 almost reaching the 89 target. (See previous related idea from October.)
I think it should hit the psychological level of 90 before any bounce.
The bounce should be a zig zag and should not go above the December 2016 high.
Dollar index daily tf - bearish setup Dollar index broke a key monthly support level last month and is currently trading below this monthly resistance on bigger timeframes. In this setup, I see a bearish pull back on the daily time frame and a good time to buy other currencies and gold as they are all on their pull backs as well technically.
DAILY VIEW ON DXY - U.S. DOLLAR INDEXHey guys,
Here's my view in the Daily chart. I'm not planing any more sells, I will wait for trend breakout and look for flags to buy!
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Hola chicos,
Aquí está mi visión en gráfico Diario. No voy a planear más ventas, esperaré a la rotura de la tendencia y buscaré banderas de compra!
Carlos
