USD Index - Inverse Head & Shoulder BreakoutThe USD Index confirmed the breakout of the Inverse Head & Shoulder pattern last week clearing the way for further advances towards the 93.635 and 94.630 areas of resistance to the upside. A re-test of the broken resistance area of 92.565 turning support would provide a great area to look for long opportunities. Advances in the USD Index should drive USD Strength across the board next week.
Dollar-index
DXY Bull MoveDollar Index shows bull potential in the Weekly and Daily chart,
Weekly chart was left with a wick to be filled and
Daily with a retest completed, we might see a bit of lower price before heading
to the 1.618 fib of 94.11 which also in the Weekly shows an area of unfilled wick.
Dollar Index (DXY) on critical support could retrace to 88.50Dollar Index DXY is sitting on critical support, a break below 91.00 opens the door to 88.50 which is a confluence of:
1) 61.8 fib of the from 78.97 to 103.57 = 88.50
2) it is also the 1.272 fib retracement from 91.98 to 103.57
3) 88.50 area has also acted as previous resistance on 2 occasions and is the break out point
DollarIndex Dangerous test of support - Things are getting dicyWill the Dollarindex manage to hold this crucial level or will it continue down from hitting the top of its long term downtrend channel ( formed since 80's )
Further dollar downfallExpecting further dollar downfall after the bearish flag played out perfectly. Now waiting for a retest of the broken support/flag
Nothing is positive in technical and more bearish fundamentalsTrading idea and analyse from trader Nika Lekishvili
www.tradingview.com ~ My Channel
DXY Index Reference PointRegularly updated DXY USD Index
Reference point for my USD crossees
Strictly Technical DXY AB=CD Channel In Play and H&S //
Established Uptrend Channel
Looking to break past the neckline and complete this AB=CD pattern
DXY - Long but with caution, go in lightWe may see a double bottom before the real move, be very careful into thinking this is the big turnaround. I think we will see another move lower then the big move higher.
FOMC unchanged rates, Still Tax issues & More strong GOLD.Trading idea and analyse from trader Nika Lekishvili
Weekly downtrend on Dollar Index DXY, short bias @ weekly supplyWeekly downtrend. Shorts at weekly and daily supply zones around 97. Room for price to drop to opposing tested weekly demand. New potential weekly supply zones being created at 95.55
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
