Dollar_index
Dollar Index (DXY) on critical support could retrace to 88.50Dollar Index DXY is sitting on critical support, a break below 91.00 opens the door to 88.50 which is a confluence of:
1) 61.8 fib of the from 78.97 to 103.57 = 88.50
2) it is also the 1.272 fib retracement from 91.98 to 103.57
3) 88.50 area has also acted as previous resistance on 2 occasions and is the break out point
DAX DOLLAR INDEXDAX will continue to fall until Q4 and will have a huge reversal before Year end estimate November, its all about market balance!
Maybe another dip of optimism on USDSince 2015, I marked the 93-93 region as the market's most pessimistic standpoint on USD. We saw reversals from this band three times before and each time with similar market psychology. Apparently, this time is no different than the others.
USD index 92-93 level might again be a good opportunity to buy the dips. As it happened before, we need a driving event for the reversal, which (I hope) might be the ECB monetary policy statement this Thursday.
In case Draghi disappoints the markets on asset purchase program, a firm green engulfing candlestick might close between 94.0-94.50 by the end of the week. Even further, if upward move is supported by following hawkish FED comments on balance sheet reduction and interest rates, why not consider 97-98 region again this month?
Also, I don't think that ECB is really happy with the current level of EURUSD parity.
Despite the weak jobs report - the Dollar closed above supportDespite Friday's weak jobs report, DXY managed to hold above its 200 weeks MA line and held its weekly support zone.
Focus now shifts to ECB and FOMC.
Will Draghi downplay the Euro this week?
What will the Fed members say this week? Will they promote the Dollar?
The Dollar Bulls had their first victory in weeks last week - Can they push the Dollar even higher?
I think so...
Dollar Index Little more down before some good upside correctionHi Guys, III Wave of sub wave is about to end, so I'm expecting upside correction as IV wave of sub wave, So by mean of that we will see downward movement in eurusd , upside in usdchf, So wait for it to complete last piece of iii wave then look for upside. Good luck
What is the Dollar Index - DXY - USDX ?What is the Dollar Index?
The U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against
the U.S. dollar
Which currencies are included in the U.S. Dollar Index?
The U.S. Dollar Index contains six component currencies: the euro, Japanese yen, British
pound, Canadian dollar, Swedish krona and Swiss franc.
What is the Formula Of DXY
Here is the formula for calculating DXY:
DXY = 50.14348112 × EUR/USD^(-0.576) × USD/JPY^(0.136) × GBP/USD^(-0.119)
Will Draghi be the one that will revive the Dollar? Draghi is scheduled to speak in about 30 minutes in Jackson Hole.
Yellen, that spoke earlier today, has sent the Dollar Index back to test the 200 weeks MA line as support.
A critical support zone is being tested...Again.
Will Draghi deliver the counter punch in the in the global currencies war and revive the Dollar by playing down the Euro?
Conor vs. Floyd?
Try Yellen vs. Draghi
The real money makers.
Gold - TOTAL Solar Eclipse First Since 1776 Cross Over USA (signThere are many rabbitholes to dig deeper into, one of which are the coincidental total solar eclipses occuring specifically over a continent only viewable in that region in history corresponding with happenings. 1612 Africa, 1776 USA, 1914 Europe, 1918 Viewable for usa, 2017 USA, 2024 USA. There are many more ofc (not sure if the dates are right, taken out of my mind)
Stay safe and take a moment to contemplate over what history tells us, have shown us economically speaking in regards to sound money, manipulation, debt, wealth transfer. If united we can take back our freedom across the globe. Dollar_Index keeps falling…
Question - How will you trade EURUSD? Question (I know what I'm doing, but I want to read your opinions)...
During the last month, EURUSD has been trading around its 200 weeks MA line.
1.17-1.19 was a potential Sell Zone that I've mentioned in my previous analysis.
On one hand, EURUSD respects the Sell Zone.
On the other hand, EURUSD has managed to close above its 200 weeks MA line for the last two weeks (found support near 1.17 - 2015's high).
How will you trade EURUSD in the near term future?
Do you prefer to be a buyer? Or a Seller?
In what conditions?
Enjoy the weekend!
EURUSD SHORT SETUPHere we have yet ANOTHER setup for EURUSD shorts, this setup needs to be followed EXACTLY in order to not enter a losing position on this trade.
We need this current strong candle and current low to find a bottom then retrace up to my sell zone (two red horizontals). From the sell zone, look for sniping opportunities on lower time frames to enter sells toward the take profits given (horizontal greens).
WE MAY NOT REACH THE SELL ZONE. In this case, look for a false break of the black trend line. I will also take sells from there.
IF WE KEEP FALLING, and get NO RETRACE, then we may have missed our trade. I will only sell based on a solid bullish pullback given there is an opportunity on a 1hour, 30min, or 15min chart.
HAPPY TRADING!
USD BouncingThe Dollar index is bouncing from support zone 93/92.50 which indicates that we may witness a good recovery or reversal waves in some of the dollar pairs specially USDCAD, I recommend you to Buy the dollar if it holds above that zone after the weekly close.
GoodLuck
DXY DailyI would expect a pullback to 95.5, where the 50 EMA is, 61.8% Fibbs, also 23.6% Fibbs on larger time frame and 10 EMA on Weekly time frame.
From there we could see leg lower to 92 or move higher to 96.5.
DXY IN A POTENTIAL BOUNCING LEVEL?DXY is in a strong downtrend on Daily. Now it's reaching a long term support, so let's see if it can go for a wave up or if it keeps falling.
Buy to 111.80 USD/JPYI would probs buy this up. There is some strong resistance at 111.80 which has proven to be strong support and res. in the past. Will have to see how the data goes this week!
