DX index 2020 year forecast by PowerfulTradersTraders we do not like to write more.
The prediction of the price you can find on chart!
Regards, Team Traders "Powerful Traders"
Dxyidea
DXYwill it get back in that daily channel or will it drop further down we will see after this ends... it will very much depends on what moves will show in the correction that will follow somewhere there...
#DXY, Red Week?If you thought the dollar was on its way to a new high, think again!
Last week, the dollar was on a strong uptrend until it stopped at the resistance line at $ 98.3 and started to fall.
The Stochastic also indicates a trend change or a trend ending.
The Ichimoku Cloud Indicator changed to a red cloud meaning a bear cloud
Target: 97.5
DXY institutional reversalHere I have the DXY where it is creating two new equal lows... essensially for the reversal we would be looking at the next 'bounce' point for price action
Here I use Fibbs to mitigate my entry with 50% being the higher risk and 71% being more sniper entry!!
Forecast for the coming week #DXYSince last week the dollar broke resistance but failed to keep up the momentum, the dollar weakened and dropped back to support line 97.4.
The area where the dollar stops is also supported by the yellow line (200 moving average line).
The Stochastic is in a bullish position on the daily graph.
The dollar is trending up in the daily graph.
Bullish signal with a target: 98.3
My Idea on the USD Index DXY looking at a bullish Chanel I'm looking at a Bullish Chanel on DXY even do it broke the 50% level and it will continue to retest the .144 zone before we see a push to the .500 zone
Jerome Powell will destroy the #dollar's upward trend? #DXYLast week the dollar broke the resistance at 94.4 (breaking resistance usually accelerates trend)
The dollar is on the rise with excellent technical data.
We will remain bullish on the dollar, Despite the interest rate decision on Wednesday and the high chances of seeing an interest rate hike
Target: 98.3
Second target: 99.7
DXY Long Trade Idea (5/7/19) 4HR Chart DXY Long Idea (5/7/19) 4HR Chart
- Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line .
- I am looking for the lower high to be formed on the overall bullish trend line , so once price reaches the 61.8% fib level and the 4hr disturbance
zone (orange).
- Once the reversal occurs, price will then reach at least our first fib target at 99.00
DXY Long Trade Idea (5/7/19) Daily Chart DXY Long Idea (5/7/19) Daily Chart
- Price currently broke the trend line that I have placed on the 4HR, and had a retest of that trend line.
- I am looking for the lower high to be formed on the overall bullish trend line, so once price reaches the 61.8% fib level and the 4hr disturbance
zone (orange).
- Once the reversal occurs, price will then reach at least our first fib target at 99.00
(4HR Markup Linked Below)
#DXY Analysis for the next week After the dollar crossed the resistance at 97.50 the way to continue the gains was supposed to be easy but it quickly returned to decline, if the dollar will stop in support and return to rise then the chances are increased to return to the gains, In case he continues the declines should take the last rise in a false alarm
DXY / REBOUND?The pair has reached an important support area , if it will trigger a rally, try taking a long position on the pullback.
DXY - PREDICTION AT IT'S FINEST... AGAIN!Hey folks,
As you can see, our analysis for DXY played out exactly how we expected it to.
From now on, we're looking for short setups.
When they move we move, so for now we're waiting for a good entry.
Let's see what they bring us.
Happy trading:)
DXY -- BEARISH PRICE DIVERGENCE with consolidationWARNING: BEARISH PRICE DIVERGENCE
Higher Highs and higher Lows while price is consolidating
and RSI & CCI are making Lower Highs and Lower lows
Indicates reversal of DXY might be in the works, watchout . The DXY might collapse if it continues to consolidate so be on the lookout.
We still expect US Dollar Strength but it seems we are starting to run out of steam again on this particular rally.
Can we hold on and continue to rally ?
SHORT TERM Bearish view on Dollar indexSHORT TERM Bearish view on DXY
DXY Head & Shoulders Pattern on the Daily, retest and rejection of critical retracement zone. Details are on the chart.
Thank you for support and likes. Feel free to comment below.
