Dxybuy
Long on DXY based on Inverted H&S Chart PatternThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Possible short term buy opportunity on DXY In Long term view DXY is looking bearish and now we are in a consolidation. When price break the top take profit or move your stop loss to break even. Please trade with care.
DXY Daily Chart Reverse Head and ShouldersWatching the dollar to form the right shoulder of the reverse head and shoulders. Assuming that the low for the intermediate term has been formed, then this suggests that we are in a prime buying opportunity to test the long side for the dollar.
DXY - Long SetupI think chart explains pretty much everything.
-be patient and market will reward you )
Good luck!
HIDDEN BULL DVG 2h could bring USD/DXY up againWatch if this setup could turn up again. Will fib 0,618 hold, or closer down to 101-level ?
Normal this could be slowdown in this drop, but also be aware of any more sell and bear-tendens.
Retest of neckline in the "Three drives pattern"-bottom could also be a nice support-level.
DXY @ 15 min @ upside trend should be confirmed (last ECB & FED)Upside trend should be confirmed (started 1h before last ECB & FED press conferences) ...
A continuous bullish move we`ll see by prices above 103.56 (last week high & yearly high) and bearish move by prices under 101.78 (last week temporarly high). But prices above 99.11 still are still don`t damging the slightly bullish picture (on higher time frames) ...
How ever, important, while last days before christmas, are at least in my opinion, the 3 last weekly highs (102.05 & 101.83 & 101.74). If they holds this week, we should trade DXY higher while over next week. Prices between 102.62 & 102.21 could be something like a make or break area - even after the bullish flag, which confirmed the bullish upside trend (after last ECB & FED press conferences), All in all still a pretty picture for the DXY ?! How pretty bullish/bearish we`ll see (while next days until christmas) :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
DXY @ 30 min. @ Areas during ECB (today) & FOMC (next week)99.11 DXY is in my opinion still the make or break line
prices above 99.11 DXY are suggesting still bullish scenario into new highs 2017 - eventhroughout Trump Election
prices under 99.11 DXY are suggesting sharper fall into SellOff Area sceanrio - even while Election Night in nov`16
I can still imagine after yesterdays 1st sharp rise after Trump Election that this basic trend still continous throughtout both central bank meetings. Slightly continously higher US Equities (higher Financials & Energies), higher US Yields, lower gold & higher Oil & even slightly lower DYX into 99.11 at least. A further fall into 98 or even lower until 96 would ShakeUp Equities faster, of course ...
How ever, if you wanna trade a swing (hold positions some days or weeks)
the ICHIMOKU Indicator & PPO Indicator were a good entry/exit signal triggers :)
Right here right now i am prefering to stay NEUTRAL throughout both events - until both indicators are switching back into the long option. then i would prefere the long side back again - even as trand follower :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron
