Dollar Index Bullish SetupThe dollar index made a nice bounce back up from the lower green range. The Stoch Rsi indicator shows a possible bullish crossover and the Adx indicator shows a very weak bearish trend meaning that its more then likely the bulls will take over.
Because of this I see the dollar gaining some strenght this week and the dollar index attacking and breaking 100. It's most likely that this will be fueled alot by the Usd gaininst most of its strenght against the Cad and Jpy (see my Jpy chart).
If you're less bullish than I am on the Dollar then you should wait till the lower range breaks (around 99.40) and then sell the Usd
Dollar_index
DXY ( LONG TERM ) This is what I seeing for the US Dollar.
** This is 100% technical outlook ** Fundamentals are not on my mind when I am marking any chart up, ever. I do not base any trade off any type off news, ever.
Thanks for taking the time to check out my chart~!
DOLLAR INDEX MONTHLY - CORRECTION/REVERSAL SCENARIODollar Index Monthly - Structure speaks for itself. Big moves to the downside expected. This correlates well with global indices and Oil they are also indicating a big correction on larger timeframes technically.
Could the DXY (US Dollar Index) break below 99.30? Possibly!The DXY daily chart is approaching the last leg of a descending triangle pattern which is a bearish signal. Look out for a shorting opportunity if it breaks below 99.30 which has been a pretty solid support level.
Breaks below 100$. This is the next support zoneDXY breaks below 100
In case that it will also close below 100, this is the next support zone (99):
- Trend line support
- Bullish Bat pattern
The Kiwi Bulls AwakeWe have finally reached the golden zone for a buy. I mentioned reaching this area in my previous post. As the week went by we saw the Dollar Index decline and this pair was doing the exact opposite of what it was supposed to do. The bulls allowed the bears to slowly bring price down to the .69300 area. That is the perfect place for a long term buy. for now i expect the pair to show signs of a retracement, followed by a strong push up.
Place your buys in now cause we wont see the .70 zone for a while.
(for more frequent trade signals contact us via message)
DXY broke supply levelNothing to stop it to 101.4.
EUR USD, GBP USD, AUD USD will break their support/demand levels
DXYMy previous predictions on DXY were very accurate so decided to publish another one - check my previous plots link are below.
In short term perspective DXY will move up, will touch EMA or maybe even exceed it for some time.
However, in long term I see DXY moving down.
Rising wedwe in dollar, range scalps until breakoutDollar is forming a rising wedge, until a clear breakout appears, stay sidelines or scalp to the inside from the limits of the formation.
Dollar Ready for Next Leg down!With resistance100.70 #usdollar looks ready for next leg down, break below 100.20 can trigger quick fall #Forex #forexsignals #forextrading
DXY UpdateOn the Last DXY post we followed the wedge and shorted this. we have now arrived at the bottom and I suspect that we will start climbing our way back to about 101 level or until we hit the falling trend line.
Long term it seems that this will be DXY last rise to the upside. failure to break above the wedge will result in a large decline.
POST ANY THOUGHTS.
USDCAD Daily Level Short (Mar 28, 2017)Dollar bears have been appearing to hold the 1.34000 level on USDCAD with a big volume selloff on Mar 15th. I shorted a 50% retracement around 1.34200 and looking to target 1.30200 though we do have first support at 1.33000. Will look to cut risk around that level.
Reached a potential Sell ZoneI've mentioned this price zone in this week's newsletter and, as expected, EURUSD is already testing it on Monday morning.
1.085-1.1 is a weekly resistance zone that include:
1) 200 days MA line
2) Daily downtrend line
3) Weekly Structure
4) AB=CD pattern
Although it is a wide price zone, I think you should pay attention to it and look for intra-day bearish reversal patterns that will allow you to better time a bearish entry.
the 1.085 is this week's focus zone with the 200 days MA line that should act as resistance.
CrudeOil Elliottwave View: Buy the dipStrategy: Buy the dip
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CrudeOil is in correction phase and looking for W-X-Y correction on weekly chart where target for Y is above 55. On Short term, we are waiting for good opportunity to go long. After breakout of bullish inner channel, we are on sideline and looking to see support on outer bullish channel.
1.24 is being tested as resistance 1.24 is the nearest resistance zone for GBPUSD and it is being tested as May announced triggering of Article 50.
1.24 stands in the way of GBPUSD and prevents it from continue towards 1.26 - The major weekly resistance zone I mentioned in this week's newsletter (check my website)
GBPUSD is still inside a trading range and can be traded on both sides from the current levels:
1) Bullish - A close above 1.245
2) Bearish - As long as it stays below 1.24 (or in case it'll reach 1.255-1.26)
Dollar Index rally coming after completion of abc correction.Hello folks, Looking at dollar index I'm expecting rally to upside though that will not be as big by looking at divergence in monthly chart, but up move is coming so i'm looking for current move to break previous low confirming an abc pattern then we will see. happy trading:)
EURUSD inverted weeklyEURUSD inverted looks a lot like DXY dollar index
Fibonacci ratios
Could complete correction at USD/EUR=0.5
for a ratio 8/2
DXY DailyBullish above 101 with targets at 101.5 and 102
Bearish below 100 with target at 99
I would like to see the price go to 100.8 - 101, reverse from there and break 100.4, 100 levels all the way to 99 level.
DXY SHORTDollar Index falling down, last FED decision pushing it the same way. USA need money, Dollar became weaker, this will support Export in long term and bring more money to US economy.
Dollar index make corrections moves around 2,5%-3,5%. And long trends around 4,5% - 5,5%.
I expecting to go down 4,5% or even maybe to next support level around 96.72
Dollar Index | Daily viewIt will want one more up I think.
This is not a investment advice.
Take care.
