Dollar-index
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 | 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 [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.
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.
US Dollar Trade PlanUS Dollar has shown very little price movement since the 2014 bull run. US Dollar has stayed in a tight range and based on technical indications we could be seeing one more low before a catapult to higher highs.
US OIL , GOLD , SILVER, EMERGING MARKETS
Rapid movement in US Dollar can have a big impact on USOil as well as silver XAGUSD and gold XAUUSD. Higher US Dollar can also have a big impact on emerging markets EEM and we could see money flow from US into other investments.
DXY - Short rally before the bears take controlI'm anticipating a short rally on Monday before the bears take control and we firstly re-test 95.50 before heading back down towards the trendline at 93.80.
A short entry at 96.60 will give me a 1.1:1 R/R shooting for 95.50 with stops moved to break even at this level for a risk free trade.