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Dollar_index

Stuck between 200 days MA line and a daily uptrend lineThe Dollar Index gapped down last week following the French Elections. The price couldn't close above its 200 days MA line despite multiple attempts. What stands between DXY and the next support zone (harmonic support zone shown at the chart) is the uptrend line that still holds as support. Key Price Zone this week - 99$ A close above the 200 days MA line can send DXY back towards 100$ and the downtrend line. A close below 99$ can send DXY to test the harmonic support zone (2 AB=CD patterns) near 97.5$ Read more about this analysis and other trading scenarios in my weekly newsletter - #WeeklyMarketsAnalysis on Twitter
TVC:DXY
by themarketzone
Dollar Index Preparing Next BreakdownThe past days the Dollar Index has been touching the lower range, it lackek bullish momentum to bounce back up cancelin the 5th wave. ADX shows that the bearish trend is still strong while the Stoch Rsi still indicates strong sell pressure. Because of this we can assume that the Dollar Index will break-out of the lower range next week. Possible targets 98 and 97. Please note that on allot of Dollar pairs you see setups against the dollar, so this alligns with the bearish setup on the Dollar index.
INDEX:DXYShort
by JoshFX1
This is what you need to know before the elections results EURUSD is trading inside a yearly trading range. There's a daily uptrend line that EURUSD is currently still above.. and from above it has a daily downtrend line and the middle of the range - 1.1 (Resistance Zone). In case of a bullish move, focus on 1.1. A breakout above this price zone could send EURUSD towards 1.14-1.115 again to re-test the top of the range In case of a bearish move, a breakdown of the 1.04 support zone can lead EURUSD towards parity and even lower. As long as it stays inside the range, you can try and trade the range
by themarketzone
3
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
DLong
by JoshFX1
1
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)
Long
by PaladinTrading
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.
Short
by themarketzone
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)
by themarketzone