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Dollar-index
Short Movement on U.S Dollar Index by ThinkingAntsOkDAILY CHART EXPLANATION:
On this timeframe, we observe that the Dollar Index has been on a bullish movement since March '18. However, the last year, the bullish momentum started getting weaker forming a secondary wedge pattern below the Broken Main Wedge. It has bounced at the Top of the Wedge Pattern and at this moment price is breaking down the pattern. If it manages to consolidate below, the movement will be almost confirmed. We will look for a corrective structure on a lower timeframe to take short positions. The main target is the Support Zone at 96.00, and, if this zone is broken, then the Weekly Ascending Trendline will be the potential target area.
DXYDollar comes to demand, will be short opportunity for commodities and pair against dollar
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Golden Trading Rules:
Markets are never wrong – opinions often are
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I'll be happy to read your opinion and ideas
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Have a profitable day
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Short Movement Expected on FTSE China A504H CHART EXPLANATION:
The Ascending Trendline has been broken after the failed breakout of the Daily Triangle. As we explained on the Daily Chart below, the targets are the Bottom of the Triangle and the Support Zone at 12000, however, we need to be careful with the middle support zone at 13350.
DAILY CHART:
DXYHope you all good
As you see dollar rallying, with couple of pretty nice demand zones below, and nothing serious above until 99.90
So we can seek for BUY setups and demand zones on smaller time frames
If you don't trade DXY, Be really careful trading dollar pairs, remember, Dollar rules and all obey.
So, we will look for long opportunities in pairs like USDCAD, USDJPY, USDCHF and short on EURUSD, NZDUSD, GBPUSD, AUDUSD
Also Commodities like Oil and Gold
Like always, I'll be glad if you have any ideas or questions, Share !
Have a happy weekend
Dollar Index - Daily Sentiment Aug 30The dollar index may trade bearish during the initial hours of U.S. session to test the immediate support around 98.40. Closing of candles around this level may help dollar gaining bullish strength. On the upper side, the dollar index may find resistance at 98.62 and 98.95.
Dollar Index Aug 29Quite distinctly, the Greenback was building a mounting wedge pattern, pleasing the bears. Meantime, the USD Index continued to stay well above the red Ichimoku Clouds, aiming the 98.45 resistance handle. On the flip side, 97.16 stable support handle remained as an authoritative stoppage. The RSI stood muted near 55 levels, maintaining a neutral perspective on future actions.
DXYHello everybody hope you all doing great
Dollar came back up from demand
And now we are under Supply
Considering the fresh demand just created around 97.66 - 97.80,
Its a little hard to fall again and it might bounce for a while, Even go higher to the next level
Dollar Index - DXY - Aug 20
On the technical side, the DXY has violated the weekly resistance at 97.72, which has exposed dollar index towards the 98.92 July 29 high as the first port of resistance, closely shadowed by weekly resistance at 99.62.
On the lower side, resistance continues to stay at 98.10 and 98. Bullish channel and series of EMA on 4-hour timeframe as suggesting a bullish bias for the dollar.
GBPUSD Retracement Aiming for a slow move to the downside with US Dollar Index showing positive moves to the upside and the British Pound Index Turning bearish on the Open.
There are economic factors that may accelerate the moves.
DXYmy opinion: first drop to 96.60 - 96.36 witch is pretty strong that can rally. also we have some good supply above, so pretty much like to range between these areas until something happens :)
"any comment is welcomed"
Jerome Powell will destroy the #dollar's upward trend? #DXYLast week the dollar broke the resistance at 94.4 (breaking resistance usually accelerates trend)
The dollar is on the rise with excellent technical data.
We will remain bullish on the dollar, Despite the interest rate decision on Wednesday and the high chances of seeing an interest rate hike
Target: 98.3
Second target: 99.7
U.S Dollar Index (DXY) Strong Bearish Potential4H CHART EXPLANATION:
After the big downside move, price recovered almost all the way down. Now it seems that the Daily Resistance Zone is holding the price, and it broke the Ascending Channel. So, if the Daily trendline is broken, then we can expect a downwards move towards the previously tested Support Zone.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
DXY 600 Pips Short OpportunityHello Folks, expecting DXY Short)
First Target: 93.21
Second Target: 91.11
DXY Decline? hmmThe DXY is currently undergoing the retest phase of the break out from the neckline. From here I am expecting price to decline further to the 96.00 level signalling weakness in the Dollar.
