dollar index short pattern94.80 $ is the target for head and shoulders pattern.
if dollar break 99.24 will go down.
pattern fail by break 103.65 to up ...
Dxyviews
DXY Daily Key ElementsDXY major level of resistance:
103.40 (Fibonacci retracement, Fibonacci extension, horizontal pullback resistance)
DXY major levels of support:
92.00 (Fibonacci retracement, horizontal overlap support)
AUDUSD technical indicators:
RSI (34) is seeing strong bearish divergence vs price.
DXY DailyI would like to see bounce back to 100.33, reverse and break above 101 level to profit target at 102.
Level 101 is very strong resistance level from multiple time frames.
Otherwise close below 100.33 will open the way to 99.24
/dx Oversold Bounce Ahead of Capital Flight to U.SAfternoon
Firstly apologies guys for not posting many ideas recently, I have been up to my eyeballs working on other projects alongside our private trading group.
The neckline was broken on the head and shoulders around the 100 level indicative of further decline toward the 98 handle.
Provided the DXY remains below the right shoulder highs and 50d moving average of 101-101.50, this technical top pattern remains influential and bearish in the near term.
96 is there as underlying support with extension targets of 110, 121 and 130
Thanks for all of your support, please remember to like and comment your views!
DXY Daily price levelsDaily close below 98.85 - bearish scenario to 97.85 and next below - 96.40.
Daily close above 100.97 - bullish scenario to 101.97 and 103.82
Dollar Index Intraday Forecast: move up to 100.75 - 101.0Expect DXY to gain some strength in the first part of the week (100.75 - 101.00). Midterm i think DXY has still some room to drop.
USD on News Week Views News Week ahead so expecting USD toward 104 if hold above 100.5. Where breakage of 100.5 may call for 99-99.5
Lets ready for Zigzags Rides
1. May's Brexit speech on January 17
2. ECB meeting on January 19
3. Trump's inauguration as 45th US President on January 20
4. Bank of Canada meets
5. China's President Xi to address Davos
Sell DXY to sub 100Just a small update on my previous ideas regarding the DXY.
Straight-forward sell set-up, strong bear div.
DXY @ 1h @ will the upside trend (above 101) holds, this week ?Take care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
Best regards
Aaron
USD ShortContinued idea from before.
For some reason there is a delusional expectation that the USD will rally due to Trump and "interest rates". I strongly believe it will fall during 2017.
Strong bear divergence in the RSI, as well as the fact that the RSI has rolled over.
The USD will fall during 2017.There is a strong bear divergence on the 1W and 1D DXY chart.
I believe during 2017, the DXY will fall to the low 80's.
I base this not only off the bear divergence illustrated above, but my strong doubt that the Fed will raise rates during 2017, and that the US economy will continue to slow.
USD overall we hope 102FOMC a head We Feeling Rates hike or not
things hopefully like this overall usd 102+
may b direct from current price or little down
toward 100-100.2 then upward 102-102.2
Support 99.5 Resistance 102.5
The last push of the cycle!So guys, when you hear someone talking about patterns that repeat itself, this is usually what they mean. Can you see that similarity between those two cycles? Sure you do :)
I am expecting this last leg to end at the TL and the 1,414 to 1,618 Fib extension area.
Like if you agree, Follow and support!
Dxy Views Dxy trading around 101.6 where daily high 102.05 as Trend line its can Drop from current level or from 102.05 if hold above 102.2 on Daily then next is 103-103.5 where if hold below 102.2 a corrective move Expected toward 100.3-100.5
If this happen As idea
Eur 1.0650-1.07
usdjpy 113.5-114
Gold 1175-78
Expected
DXY Trading on important levelDXY trading around 99.88 level turning point we can see any time may b from Current or 99.7 level where breakage of 99.7 may call for 98.8-99
DXY / 3 slopes, degree count and flush.Hello guys.
Rare post from me on Dollar Index, but I've been waiting for my degree count to complete as well 3 slopes to be completed where 3rd slope is in development followed by crash.
This analysis is done on pure JAFR calculations, where DXY constant number is 114.56 and degree count has become greater than this number.
Since I used JAFR predestionation calculations and said that I predict Trump as a president ( using gold as major indicator for that ) because in JAFR there are two general indicators and 1st one is GOLD, what is 2nd one I won't reveal. So doing the same calculations indicate me that degree count is done, so dollar is ready to enter new phase and is ready for huge bearish frequency rollover ( the same rollovers that I mention in Gold once in a while ), as well the 3rd slope is in development.
MDCKP will work as my TP for this trade.
I am very pleased and happy that I am very less brainwashed by news hype since I follow them barely, the only thing I like in that is that it push the market, other than that there is no snese of them at least for me, but is there a rate hike or is there a no rate hike, or whatever there is, DXY is set to .... ok I won't mention it, otherwise baby bulls will hate me in comments!
TPP.
Dxy views Dollar index Trading around 101.30 it can drop from current level or from its months high 102 may b top. and can retrace till 99-99.5
Dxy ViewsDXY= Dollor Index Trading around 100.4 which is years high then it can drop from current level or from a minor support seems at 100.72 If breaks that 100.72 and hold above on H4 or Daily next station may b 102-102.5
Dxy Views Dxy trading around 98.85 level it can drop from
here as Strong resistance at 99.1 if hold
above 99.1 then monthly Strong Resistance
around 99.7 where if hold above that then
we can see high of 100.5 which is high of nov 2015.
Where if hold below 99.1 a correction as Technical move Expected till 97.6-98 where if breks 97.4 96-96.2 will not surprise
but if hold 97.2-97.5 then we can see fresh move
