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DXY - Swing Trade If you’ve been reading and following the last couple posts you would know that we are disliking the US dollar against the looney. If you haven’t thats ok, just make sure you check em out after this. It adds further confirmation to the ideas presented. If your dinner has been served and you’re ready to keep things simple then look at the weekly index for the dollar and notice the heavy divergence. Wait, let me stress this further, look at how dang LONG this has been developing for. Patience is a virtue and the market rewards those that are patient. I’m going to sound repetitive because you all are too greedy and always want to be in the market picking tops and picking bottoms. This divergence and lack of momentum signals exhaustion and adds fuel to our shorts with UCAD. Don’t go bald pulling your hair out, hold on to the laurels this will be a ride. See ya soon folks.
TVC:DXYShort
by theyfollowme
3
dxyfinishing the correction (in comments) with ending diagonal. how typical :D that small correction that is making now is same as in previous push up, so thats why im expecting somewhere similar retracing up before drops again and give us that diagonal whats presented on chart. however that drop down at last part can come in very different sizes and shapes and can be finished as soon as it tags the low (presented with blue horizontal line) or around that purple horizontal from daily/weekly time frame to form running flat and rush up again. from the other side it can drop even further and to which lvls we will know when we see what structure its making on its way. we can see all same pattern in almost every dollar pair accordingly so stay wise. if that is really end of the correction that means big wave is coming.
TVC:DXY
by sharing_is_caring
1
DXY ' DOLLAR INDEX CHART 'The American dollar is the overall winner this 2018, despite being battered in these last days of the year. The DXY recovered from a yearly low of 88.25 achieved early February to a 17-month high of 97.71 in December, now battling in the mid 96s. Much of dollar strength came from the US Federal Reserve and its tightening policy, two steps ahead of any other central bank. But it also benefited from weakness somewhere else, mostly focused in political trouble in the Old Continent. " Valeria Bednarik "
INDEX:DXYLong
by mrabedi
Dollar nearing a top - Good Time to Long GoldShort and to the point! Macro's for USD still have to play out with America being the oil king of the modern world. While administration officials will willfully seek to devalue the currency to increase mfg, and the appearance of wage growth, while making our exports more cheaper and imports more expensive. I run loops in my mind concentrating specifically on the dollar. Talking heads right now still calling for more strength - this is partially because the current trend has continued since the last FOMC meeting. If patterns serve us well here, we are nearing a top and could potentially see another reason here to get bullish on gold. Obviously much more TA is needed to administer an entry into gold, but this is logic on yet another.
TVC:DXY
by ZenMode