Dollar-index
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)
usd dollar index shortwe see divergence after strong impulse and unexpected elections so now i expect correction for the usd to the phycological level 100
Dollar Index; Headed To 107Dollar bulls have managed to clear the massive resistance at 100 which had halted bullish surge twice before. Now a 7-point range is broken which gives us a target at 107 for this bullish rally.
Good luck,
Ali Sharifazadeh, CFTe
DXY will bearish next week searching wave 4 secondaryMany people say if trump win, USD will bearish. but why USD keep strong bullish until now?
this is the answer! in technical, dollar index status in USA election is going to wave 3 secondary bullish. look at my chart. right at trump win, market suddenly going bearish, but its just to fullfill wave 4 minor. so dollar index status now will bearish going to wave 4 secondary. AO indicator said bearish too.
XXXUSD will bullish
USDXXX will bearish
DXY Dollar Index short time frame after TRUMP up & down INTRADAYGood for scalpers & Intraday traders: DXY Dollar Index short time frame after TRUMP up & down INTRADAY.
50-60 pips down & up again. If price is gonna up 99.01 break with SL.
For any questions, just leave a message.
$DXY | Bullish Targets Defined | Election Day PredictionHello Traders,
The following prediction for the US DOLLAR CURRENCY INDEX is not based on the election results per se. In fact, what I want to show here is that the chart has already determined which direction it will go regardless of outside interference. I expect the election results to act as a catalyst towards the targets defined and not the other way around.
Hope you have a great trading week!
Best,
Chartistry
DXY: Such a BeautyDollar Index is no doubt respecting this bullish channel obediently. We are now expecting a retracement back to the 97.55 and potentially 96.55 area for another buy setup.
DXY [10th - 14th Oct]With a mixed US data last Friday, we saw the Dollar Index coming back down from the week high at 97.12. Price is currently still trading in the key level of fibonacci and resistance area. As long as price can't break the 96.81 level, we can expect price to reach lower towards 95.88.
Dollar Index | Daily PreviewIn this daily preview i expect US dollar will move to 85-86 levels until end of 2016.
Best regards.
DXY: Bullish ChannelWith the Fed holding interest rates, we are still seeing the Dollar Index being supported by the 95.21 support level, and the bullish channel. Key level to keep an eye on is the 96.80 area where we might see a potential rejection.
DXY SHORT DOLLAR WILL GO DOWN SOON.
I WILL SHORT EVERY THING RELATED TO DOLLAR.
MY STOP IS BROKE 96.30 AS IN CHART.
DXY Dollar Index after V-Projection could turn down: to 94.9xDXY Dollar Index, after V-Projection, it could turn down again, to 94.9x Area.
DXY Dollar Index Short: and now, down again to 93-92DXY Dollar Index Short: and now, down again to 93-92. Further updates could follow. For any questions, just leave a message. Stay tuned & good trades... mav
DXY - Dollar index setupsLooking through dollar index we're on a corrective phase right now.We're looking to break the correction for more upside until 97.00 area then from then we would have an ABC correction finished so we would look for downside targeting 94.30 area.So the way it looks now we'll have an upmove to 97.00 then downside to 94.30.I'll be looking to enter after confirmation on lower timeframes.Trade your plan
DXY DOLLAR INDEX PREDICTION: long for now THEN shortOverall we are looking at a bearish trend for the dollar index, however I do see some temporary support on the 4hr for a nice little bullish trend before following up with the continuation of the bearish downtrend. DXY may also hit this 618 fibonacci zone using our fibonacci retracement tool when looking at the last major swing on the 4hr.
