Dxy_tip
DXY trading tactics:The price is trading near the support line.
Strong support at 95.94
if break 97.41 conform bullish
$DXY, Dollar Index Roadmap after Brexit Dust Clears - July 2016Initial support is seen at 95.95 – 95.75 followed by lower support at 95.0 – 94.75.
A bullish follow through above the first support with a breakout above 96.55 which marks the bull flag’s high could signal a longer term rally that could see 97.45 followed by 98.55 levels being marked as the minimum price objective here.
The bullish view could, however, turn weaker in the event that the dollar index slides to 95.0 – 94.75 to mark a retest of the H&S and price channel breakout level. In such a scenario, US dollar will be likely struggling to breakout above 95.95 – 95.75 which could potentially turn to resistance and put the bullish view into question.
Your likes and comments are really appreciated guys, thank you for all the support and trade safely.
Thanks.
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Dollar gaining strength, long all USD pairs.DXY has reached at the end of the channel within a consolidation zone. I warned earlier about DXY rising from the dead in my previous chart linked here.
Am expecting this uptrend to continue to the upper blue channel, if the blue channel breaks then we will head to the yellow channel at the top of the consolidation zone.
The uptrend can be confirmed with all the indicators i use.
long USD pairsOnce again we failed the break to lower channel, am expecting a bullish turn for all USD pairs.
- RSI starting heading up
- MACD starting to head up
- Failed to break the channel
Index Analysis and Trading Tips - Dow Jones 22nd Feb 2016Dow-Jones
16391
Market failed to sustain advance to test 16535 in low liquidity trading on Thursday and Friday proved very stagnant.
US CPI data confirms advance or head for another drop impulse which may activate above 16700 zone - as long as market holding trades above 16300 the chance for further advance toward 16535 and 16700 will sustain
** below 16300 market my head for drop correction toward 15600 zone
All the best and happy trading!
Dollar vs. inflationDollar is getting stronger recently, but a stronger dollar does not mean much if it is weaker than inflation. This DXY/TIP ratio chart tries to show that technically dollar is rising but is still weak comparing with inflation protection bond. Before I hold dollar for long term investing, I would like to see at least:
. the ratio breaks the blue resistance line to the up side.
. Stoch turns up above 30.
. MACD turns up and above 0.
. RSI breaks the blue resistance line to the upside and the value is above 50.
