DXY Targets 100.00 Level The dollar index moves in incomplete harmonic Crab Pattern and I think it will target 100 level to complete it.
Thanks a lot for reading
Dollar_index
Dollar index Reached to his target AS Expected in our last DXY analysis " you can watch it here
" the Dollar index reached to his target and I think it will make a small correction to take the momentum for more up move
DXY BEARISH movement!The blue zone shows an area where price has previously acted as a resistance and where the green zone has also previously acted as a support, so i am expecting the Dollar to drop to my green zone
Dollar Index - third wave to move onWe're likely going to have the rest of the third wave next week.
Dollar Index - third wave is underwayThe market is likely going to continue unfolding the third wave of wave {c}.
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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Dollar Index This MorningAs you see on the chart H4 above, this pair will be correction for a while.. If break down from equilibrium area, than this pair will be going down deeply..
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.
Dollar index trending in channelDollar index trading in channel and took support near 95.
If price trade above 95.65 can rise till 96.00
Goldman Sachs latest Short idea: DXY SL 97.50 Target 93INDEX:DXY
If this one goes wrong, I am just going to call Goldman Sachs! ;)
Go Short on DXYThere is a lot of sign for a downtrend in dollar index. Reactions to the trend line with bearish engulf patterns and the formation of candles talk to us about this bearish market.
Meanwhile there are some support lines but the serious one's are 94.79 and 93.84 so we have to check the market's behavior in these prices.
DOLLAR INDEX ANALYSISIn recent weeks the Dollar Index has moved within a rectangle. If we take the analysis on a "fundamental" level, it could be an inversion rectangle.
Yesterday, the Fed raised rates. In the early hours, the dollar strengthened. It was enough, however, a reading of the Economic Projections to understand that the dollar came out weakened by the meeting. Briefly, almost all data were revised downwards (compared to the previous September report). In particular, the GDP dropped from 3.1% to 3.0% for this year and from 2.5% to 2.3% in 2019. The rate hikes, forecast three times in 2019, fell to two (at the moment). So, fewer rate hikes and weakened economic conditions certainly don't help the dollar.
However, we have to take into account that, right now, it's not the best time to trade. In five days it's Christmas, and most of the big investors are currently out of the markets. So, everything becomes more complicated. In the medium-term, I'm convinced that we will see a drop in the dollar but in the short-term, anything can happen.
To all of you Merry Christmas and a New Year full of gains!!
Wacth Out Dollar Still Bias BullishAs you see on the chart daily above, this pair have many bullish confirmastion... So wacth out seller...
$DXY US Dollar Update - still within up channel, With markets crapping out, BREXIT going nowhere fast (quelle surprise), King Dollar $DXY keeps reasserting itself. The trend is still up, and the trend is your friend. $EURUSD couldn't break through the 1.1440 area, and 1.1180 still attracts. Full speed ahead, though admittedly, with many bumps. #FOREX
US Dollar Index heads for more riseTarget: 100.00
Risk: 95.80
Technical reasons:
The continuous move inside the ascending channel provides signal to continue the bullish trend on the short term and medium term basis, and surpassing 97.94 will push the index to 100.00 barrier.
The exponential moving average 50 supports the expected rise, and consolidating above 95.80 is important to continue the bullish trend.
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$DXY Dollar Index Update - Still Bullish After a hiccupDixie remains above its upward sloping trendline, with room to run to 98. 97 continues to be the inflection point as it has been for several months now, but the trend is up, and remember, it has been up since February. Trends don't break easily without fundamental factors acting counter to the trend, so trade the trend, the trend is your friend. 1.1180 in $EURUSD still attracts.
DXY positionVery heavy resistance zone is unbroken as of yet. Clear and pronounced negative divergence. Yet still resisting the move down.
Just get the ...ck down from there. Will you?
DXY Trade Idea: Bounce or breakNote the broken level signals that price is currently in a downtrend. We will look for a slowing in momentum then a clear sign of a reverse in momentum.
Momentum is the same as volatility. Volatility is violence, the fight of the bears and bulls. We are always looking at places where we can buy and sell from places of strength and weakness. The great harbingers of strength and weakness are pinbars. When you see a candle that shows an increase or decrease in momentum, it'll come from a place where price action has shown the dominant direction of momentum in a visual representation. Candles tell you the story and the tape gives you the timing.
All the best in your trades
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