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Dollar_index

DXY dollar strength should continueThe strengthening of the dollar should continue now that the possibility of a government shutdown is behind us. We should see the dollar reach the 89.40 area. If we can hold there price will continue to around 90.00. The key figure to watch with this rally will be Thursday's CPI inflation data. We should see an on par or better than expected figure but if not. Expect price to show it and for the DXY to turn south and break the 88.50 area and even possibly the 88.20 area for a new low. Trade idea becomes invalid if price doesn't hold the 88.90 area on the small pullback coming. As always do your own due diligence and homework when it comes to trading. Have a plan and stick to it. Keep calm and forex
TVC:DXY
by YourForexMan
EURUSD bearish RSI Divergence and Double topComing week will be interesting for DYX pairs, most of them are in bearish RSI divergence. EURUSD in the manner is in bearish divergence in addition to formed a potential double top in H4 time frame. Break of the up trendline will give a nice risk reward opportunity for coming week. If you dig more there might be much more promising dollar pairs with bearish RSI divergence setup formed for next week up on the rise of dollar end of last week. Happy trading !!!!
Short
by rf16saun
Is this the end of US Dollar's Bear Run?DXY experienced such a roller coaster day yesterday, starting from a Draghi's hawkish speech which push Euro even higher to Trump's statement saying he is expecting a strong dollar, which helps DXY to gain temporary bullish momentum. If I see from the chart here, Trump's statement has helped pushing DXY to break over 78.6% fibo extension line (89.17 level), hitting the ceiling at 61.8% retracement (89.56 level) and is now retracing back to 89.17 level. At this point, it is really hard to predict if this is really the end of bear's run for US dollar. From daily chart, I can see bottoming tail, which indicates a strong rejection to the downside. Long term wise EMA(200), I'm still bearish on US Dollar. It is now interesting to see how DXY reacts to 89.17. To add on, RSI(14) forms a hidden divergence which indicates a downtrend continuation now. It is interesting to see: 1) If there is any reversal price action around 89.17, short term wise will be bullish for DXY at least until it hits 89.56 2) Otherwise, the bear will still continue to push DXY even lower.
TVC:DXY
by nivelij01
EURUSD - Heavily bearish hidden with all the positive dataThis is my "personal views" please do not take my view as trading advice unless you are willing to lose it all. I usually consider myself finding contrarian trends right before they settle in. I am sensing EURUSD is testing the resistance line after the breakout back in October. Earlier this was tested in November but failed to go above. If we can stay below 1.2350 - 1.24 for the rest of this and next month then I can see a strong pullback first near 1.15 then a retracement to sub 1.19-1.20 area before giving up to all the way 1.07-1.05 where the weekly gap is still open. This trend may complete by year end but I think this year is of USD Bulls and a bad start is to shake the confidence of the retail traders only. 3-4 Interest rate rise is given this year and Tax change shall take the $DXY, USDJPY nearly 5-10% from current levels and EURUSD should correct 10-15% and give up entire gains of 2017
Short
by UnknownUnicorn1616991