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
Dollar-index
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 ...
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.
