Dollar-index
Dollar Loosing value - The End Of Petrodollar -> SDR/Gold?Don't get hung up on the stock market, the bubbles. commodities are on sale!
Gold could bounce higher - Dollar/debt bubbles everywhere How long can they manipulate the market before a new inevitable monetary system arrises from a complete wipe out?
#DXY :The monthly quick look towards trend and levels.The monthly picture for Dollar Index looks dizzy with moving average of 20 days is above the price which is bear mode and there are two blue levels levels which developed a range. Can be taken as support and resistance with break out strategy in mind.
DOLLAR INDEX (DXY) FURTHER DOWN MOVEMENT EXPECTEDCheck the annotated chart.
Price trading below 200MA.
Retest of the weekly trend-line.
Weekly Block EQ tested and held.
DXY: DOLLAR INDEX Update - testing first resistanceDXY: DOLLAR Index Testing first resistance - have closed out half long and looking to run the rest with stops under the trendline - needs to break above 97.50 for next part of rally to 97.75
DXY: Dollar Index: Close out shorts Dollar Index: DXY Dollar is making a double bottom at 96.80. Close down all dollar shorts and only go short again on a break below 96.75 for next part of fall back to 95.10.
DXY Dollar Index stuck in neutral but ready for next breakDXY Dollar index still neutral but gearing up for a break out. Don't need to predict this even if Dollar looks more bullish than bearish right now. Whichever way it breaks will be worth following
Dollar Index Preparing Next BreakdownThe past days the Dollar Index has been touching the lower range, it lackek bullish momentum to bounce back up cancelin the 5th wave. ADX shows that the bearish trend is still strong while the Stoch Rsi still indicates strong sell pressure. Because of this we can assume that the Dollar Index will break-out of the lower range next week.
Possible targets 98 and 97. Please note that on allot of Dollar pairs you see setups against the dollar, so this alligns with the bearish setup on the Dollar index.
Dollar Index Bullish SetupThe dollar index made a nice bounce back up from the lower green range. The Stoch Rsi indicator shows a possible bullish crossover and the Adx indicator shows a very weak bearish trend meaning that its more then likely the bulls will take over.
Because of this I see the dollar gaining some strenght this week and the dollar index attacking and breaking 100. It's most likely that this will be fueled alot by the Usd gaininst most of its strenght against the Cad and Jpy (see my Jpy chart).
If you're less bullish than I am on the Dollar then you should wait till the lower range breaks (around 99.40) and then sell the Usd
Looking to long UJ from 108.4Looks like when I formulated this downward channel in UJ it forms a nice long position on the day chart. Lets see how this pair cooperates over the next week. Good luck, use good risk management in all trades.
J
DXY broke supply levelNothing to stop it to 101.4.
EUR USD, GBP USD, AUD USD will break their support/demand levels
Dollar Index | Daily viewIt will want one more up I think.
This is not a investment advice.
Take care.
Dollar Index Daily ChartThe dollar index on the daily chart you can see that we are now in a key area where it is testing resistance from February and November 2015, due to recent results from the US raising interest rates this has caused concern for investors and we have seen a big sell off, I believe we may see a big sell off again after the pullback to 99.26 0.382 fib or even gain strength and break back through the 0.236 fib at 101.00 and then break resistance as shown in the chart.
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
dollar index short pattern94.80 $ is the target for head and shoulders pattern.
if dollar break 99.24 will go down.
pattern fail by break 103.65 to up ...
DXY Bulls vindicated, Key Resistance remainsIn my mind, the US Dollar is s benefitting from a much needed GOLD correction. None the less, the Bulls have been given a chance to run.
Watch for 101 to be in their sights.
Dollar Index heading for 3rd Strike out From a technical standpoint and based on previous price action. I have to conclude, the Dollar Bulls are heading themselves to a slaughter by the Dollar Bears ...
