Dollar_index
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.
EURUSD may will not able to continue the pattern If you followed my last article about EURUSD I thought that the EURUSD will target 1.1440 to continue the Shark pattern .. But I don't think that now because the up move is weak.
EURUSD pair enter selling zone now it's near the upper side of the down-channel and near PRZ of the Shark pattern the selling is better than buying it.
good luck
GBPUSD in the hot zoneHello Guys,
GBPUSD is moving in downtrend as you seen in the chart and the upper side of the channel match with the moving average 100 so it's a cluster zone. I think it's a great opportunity for sell.
you can see the dollar index analysis from here
Any question I'm here for you ... good luck
Next week chance : Sell EURUSD Hello everybody
Until now I can't see any buying opportunity for EURUSD although I want to sell it from 1.1440 or 1.3320 .. Of course if the price go to 1.1440 will be better because it is match with the down channel.
If you follow me I bought USDCAD in this post www.tradingview.com .. ... So don't enter both trades
SHORT US Dollar Index forms interim low at 95.16?The US Dollar Index hit lower at 95.16 levels yesterday before pulling back. It is seen to be trading close to 95.60 levels for now and could continue higher towards 96.00 levels at least before reversing again. Please note that a counter trend rally was looking to be due after the thrust move between 95.98 to 95.20 levels earlier. Looking into the short term wave structure, an impulse drop seems complete from 96.68 to 95.16 levels respectively; and a probable counter trend rally could be underway now. This could be a temporary relief to bulls, before bears take back control around 96.00 levels. The larger wave structure remains unchanged for now with the expanded flat unfolding into its last leg Wave (C) lower towards 94.00 levels, going forward.
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DXY BUY FOR SHORT TERM, SELL FOR LONGER TERM (DOLLAR INDEX)Hi there. For short term, price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy. For medium – longer term, wait for the price to hit the top of the bigger pattern and watch strong price action for sell.