DXY Weekly ForecastIf it does goes down strongly, it will confirm the bearish view and the top is in at least for the short term
Should find out in the next few sessions if usd bears have taken over
Dxysell
#DXY, Again a false warning about breaking resistance?We are in a bit complicated situation, the dollar that broke the resistance line at 98.3 came back down (the dollar was supposed to accelerate the momentum of breaking) and then again broke the resistance and again came back down, the dollar refuses to choose a clear trend and this is a confusing situation.
The general trend is bullish.
Although our bullish trend, in this above situation the dollar is back in the 97.4 and 98.3 range and therefore the signal will be bearish.
Goal: 97.4
#DXY, The dollar on the way downThe positive trend continues.
As you can see, the dollar stopped at the resistance line, and there are 2 scenarios:
1. The dollar will again fail to break through the resistance as it failed the previous 3 times and will come back down.
2. This time the dollar will break the resistance and increases will accelerate.
We think the dollar will fall back to 97.4 and continue not picking a clear trend.
#DXY,End of trend?Because the pattern created on the dollar this week will be critical.
As you can see in the last weekly candle, he created an inverted hammer that usually comes to announce a trend ending so it will be confirmed the upcoming candle should be red.
The dollar's inability to break resistance at 98.3 for the third time is a sign of weakness.
And with all that, one cannot ignore the technical signs that still point to the dollar's upward trend.
Our signal is a sell with a target of 97.3 in case the dollar breaks the 98.3 then the signal is canceled!
DOLLAR DOWN!!Dollar has been showing bearish movement. After a strong upward movement, dollar will go back down to previous level after consolidation.
I would not buy USDDXY W TF parallel channel. Not a good idea to purchase USD. August candle will be black.
The trend of the last few days will probably remain #DXYThe dollar made a break of resistance but failed to hold out above the resistance line.
We returned to the period before breaking the resistance which means that the dollar is stuck between 95.4 and 97.4, we are currently bearish with a target of $ 95
Another reason why DXY should fallUSDX - there is strong resistance at 98.4-.6
Almost no momentum left for USDX to rally further
Dollar Index Fundamental Weakness Ahead!Welcome everyone for another trading idea!
Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs:
There is a lot of selling pressure on the US DOLLAR.
Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also other pairs like the AUDUSD or NZDUSD are gaining strength.
Looking at these fundamentals and also the technical point of view i see the dollar in a huge correction the next weeks or maybe months.
In my last dollar trading setup, which i linked below, we discussed the peak high and other technical tools for the DXY.
The markets will open soon again and im wishing everyone of you guys a great trading week!
DXY on the way to a new trend?As the dollar goes down, we realize that its last rise was a fake increase (although the dollar broke the resistance, it did not continue to rise much as expected). At the moment, the dollar has returned to its former support and resistance, our recommendation is Sell
Take profit: 95.80
Analysis+SignalFor the sixth time that the dollar has already met the resistance but can not break it, it is true that the trend is currently rising upward until a change. We recommend a simple strategy to sell each time we are close to the resistance line.
Sell DXY:
Entry Price: 97.05
Stop Loss: 97.70
Take profit:96
GBP/USD Short term buy setup (15 min tf) @BrightForexGood morning traders
Watch out for price breaking 1.31881 level. I'm expecting price to reach the 1.325 level by the end of the week. Price currently presents a good risk/reward.
Please use the projected risk/reward as a guide and consider risk management before the execution of any trade
Updates to follow
@BrightForex
DXY - 500 Pips Short OpportunityDXY has been in a consolidation area sine the end of January and hasn't been able to go any higher. We could expect it to break it's current support to continue the bearish trend it's in and fall even further down as there is yet no signs of strength.
Wish you all the best :)
Happy trading!
DXY Bearish SpeculationWe are forming our right shoulder, we might get an extension to the next resistance before heading down, price action shall tell us.
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 AT A KEY RESISTANCEDXY has been trending up for all these while and it has reached a key resistance level. looking out or some bearish movements
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 ?
