After retail sales come in stronger due to climbing wages and other strong data from the US I expect that the Dollar index will get momentum, and show strength a couple of weeks ahead
According to the bearish order block in 4 hours time and the liquidity that is placed near it, the price will go up to that area and then it will go down.
Morning/afternoon/evening guys DXY created a small gap on 15mins after the continued rally yesterday. As it did not move significantly during the Asia session, it's highly possible to move back up, fill the gap, and possible to retest 105.651 awaiting for the big US news. 105.651 is a historical SBR (support becomes resistance), bold green trendline is hidden...
0.61 5-i=99.18 0.78 5-i=108.4 butterfly harmonic pattern: X=68.29 3-4=0.78 X-3 4-5=0.88 3-4 0.61 5-i=99.18 0.78 5-i=108.4 0.78 4-5=85.85 0.88 4-5=82.23 0.78 X-3=78.34 0.88 X-3=73.47 1.6 4-5=60 1.27 X-3=57.35 1.6 X-3=2.24 4-5=45.9
In the DXY (Dollar Index) we can see the 5 waves up clearly that's mean we finished there wave 1 or A and we are now coming for wave 2 or B after that we can see 5 waves to the upside for wave 3 or C. Most probably we will bounce from 61.8% of fibo to the upside. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or...
The weekly price chart below shows the U.S. Dollar Index printed a bullish candlestick last week, again making its highest weekly closing price in over one year. The price has broken above the level at 12238 which I had identified as key resistance, although the closing price was not high enough to be very confident this resistance has been invalidated. The price...
DXY in the powerfull UPTREND but I am waiting for pullback and economics calender on tuesday