DXY broke supply levelNothing to stop it to 101.4.
EUR USD, GBP USD, AUD USD will break their support/demand levels
Dollar-index
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 ...
Forecast dollar-index (DXY) for this weekDXY is in a bearish channel since dec 20.
Expect a breakout of the channel this week (move up).
After move up expect a quick surge down to take out the stops at 99.40
Or vise versa: take stops, then surge up. Update tomorrow.
Moves most probably on Wed (Fed Interest Rate Decision) and on Fri (NFP)
DXY Daily price levelsDaily close below 98.85 - bearish scenario to 97.85 and next below - 96.40.
Daily close above 100.97 - bullish scenario to 101.97 and 103.82
Major old supportive trend line touch, stops above it.Major old supportive trend line touch, stops above it.
Thank you!
DXY - The rocket launch of DOLLAR.I think we are seeing a real shift on geoeconomy. Follow the evidences:
- FED promises THREE rate hikes this year
- The change of the geopolitics towards a USA-Russia simbionse
- "Economic emancipation" of China. (The nationalization of the world's mass industry).
- The End of BRICS (as we know it).
- The maturation of Euroland and Asian Tigers.
- Rejection of globalism in East Europe.
- Rising rejection of globalism in South America (which was the sino-russian reign for decades).
- At last but not the least: Donald Trump.
Place your bets!
Dollar Index Intraday Forecast: move up to 100.75 - 101.0Expect DXY to gain some strength in the first part of the week (100.75 - 101.00). Midterm i think DXY has still some room to drop.
Forecast Dollar-Index hanging the inaugurationThis is a wild (educated) guess with the Trump inauguration in less then 24 hours. However this is what my analysis shows. Limited retrace, then move up to 1.02.
US Dollar IndexUS Dollar getting ready for the next big move to the upside. It has been in a uptrend since May of this year, last big move happened after election day retesting the 50EMA, breaking the resistance trend line and 100.25 resistance that has also been resistance since March of 2015.
Then found resistance on 102.00 for a pullback since election day. It already broke out of the 1H downtrend resistance and now retesting it. My goal is not to tell you the entry points, since every single individual is different and entries varies. But pay close attention to the market (Especially EURUSD) to start 2017 in the best way possible :)
Any idea, constructive criticism, addition or disagreement are welcome.
Dollar index (DXY) 2016-2017 Analysis: Wave 4 correction is due.Talking Points:
DXY Technical Strategy: Keeping bullish outlook but temporary correction due
Elliottwave Count: Nested impulsive count, wave 4 correction is due
Analysis
DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August month. Current count is suggesting more upside towards 103 and above. However, we are expecting small set back of this impulsive rally as part of wave 4, we were seeing small correction in shorter time frame but that is still too shallow.
Action
As We are expecting small set back to re-test channel support, we are looking to re-initiate our long position on dollar basket, i.e. we are looking to sell EUR/USD (Euro / US dollar), NZD/USD (New Zealand Dollar / US Dollar), Crude Oil, etc.
-- By HoagTrading.com (@Hoagtrading)
