Traders, Not much has changed on DXY. The dollar index is still struggling between FCP zone and its bullish strength. If we get a break and confirmation above the FCP zone, this can still go parabolic. In this DXY (Dollar/USD) Technical Analysis & Forecast we see various scenarios along with EURUSD situation. Rules: 1. Never trade too much 2. Never trade without...
In this update we review price patterns in the equal weighted DXY and the potential implications for EUR,GBP,USD & JPY
Traders, DXY has reached one the of the targets that we had in our long term plan. We have been following the higher time frame structure which clearly pointed that the dollar index was bullish from 89.2 level. Since then our bias has been bullish irrespective of fundamentals and news. We also noticed that on the weekly timeframe, there was a W Pattern (FCP...
Traders, Dollar is stuck between 2 FCP (fibonacci Confluence Patterns Zones) and now even though it is looking bullish, it may fall down short term before the next rise. So what can dollar do? What is our trading plan on the USDOLLAR? Is dollar strength still dying? For all those question please watch previous analysis and then this one. That should form a good...
Traders, No matter what your bias in a market is, you must trade what you see. I see that dollar has been forming a double bottom in a demand zone and also has been forming several bullish FCP Patterns along with rejections from the bottom. The higher time frame is also showing bullish signs. So all the downward pressure may just be a short term scenario and we...
Traders, DXY fell as expected last week but it now holding a level nicely. We must watch the opening next week and see if it can push back to the upside once again. Watch the previous analysis to see the background of this analysis. Dollar is important for market forecast. USDOLLAR's strength drives all markets directly or indirectly. Rules: 1. Never trade...
They keep printing it... but it keeps rising The dollar reminds me of the experiment done on Wolverine, pumped him up with lot's of Adamantium until he became a beast. So here we go we have tons of new dollars but they are heavier than most would understand. Fed-men Apocalypse, the rise of the mighty X-dollar
Traders, DXY has been bullish since it hit 89.89 level which we predicted in August 2020. Since then the progress has been slot but stead as well. Now DXY can look for a minor correction just to support the previous bearish move down. Remember we are in a corrective phase at the moment so the market will try to resume the bearish momentum at least once more. So...
Traders, we have seen the effects of dollar rising last week when stock markets (nasdaq, snp500, us30), cryptos (bitcoin, ethereum and others) and precious metals (gold and silver) also started to tumble. Even RESLA started to come down too. This is because of the fact that most markets are dependent on dollar. Against the general perception that dollar will die...
Traders, Dollar has been finding its footing in the market. 2021 is expected to be bullish for the dollar with ups and and downs obviously. In this analysis of DXY lets see what levels and FCP (Fibonacci Confluence Zones) are important for the dollar. Even if you are not trading dollar you must watch this analysis so as to get an idea on how it can impact other...
Time to attempt a Buy on the dolalr guys. The 'not-so undisputed these days' King is right on a MAJOR support level. Will the Feds give it a boost North? Or will it sink further?
We're likely going to have the rest of the third wave next week.
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
Hi guys, thank you for the support! I will have this analysis out each weekend as well as daily updates throughout the week, if you guys like what I'm doing hit the "follow" button and you will get a notification each time I post a video or chart! Have a great day everyone!
DXY could continue towards 89.60 before running towards 91.40 Levels. At those levels, it will be watched for the down-trend to continue. *Please like and share if you found the idea useful. Thanks!
Trading tip: Caution is needed with the Wave Counts below as the Dollar Index could "pull" its last available "joker" in its sleeve and extend the Corrective Structure towards a Triple Three, thus resulting in a temporary Bullish outcome before the expected fall. Members already took profits on the previous BIG RED BEAR knocking on your door! Part 2 - DXY 2H ...