The DXY was in overall bullish run from past week and near to resistance and trend line. while today it opened below the last day closing price and is performing bearish in day trend. Market will test the above resistance and trend line to break it. and there is a chance it will break it today or later in this week. Today we are also expecting CPI will looks like...
Eight Chains 1.002 printed a short EUR/long USD signal. Eight Chains 1.002 printed a long USD signal on the DXY. Thus, one should be short EUR/long USD with take profit targets of $1.01259 and $1.0038. This is not financial advice. I am not your financial advisor. This is my opinion.
I expect price to make a final bullish push, while ultimately respecting the area of resistance. - On the monthly time frame price closed as a reversal candle stick, hinting that the previously bearish sentiment is reversing. -I am longterm bullish on EU but after the bullish push on the daily timeframe, I expect a sell off/retracement. - I am looking for price...
-DXY (US Dollar) is overall bullish, so I will be looking to buy/go long US pairs. -GU is in an overall downtrend and after some bearish pressure, expecting price to make a retracement. -Price formed a double top and broke below the neckline, ultimately creating a lower low. -I am expecting price to make a retracement and potentially stop hunt and test the...
-Overall the DXY appears bullish, so I'm looking to buy USD pairs -On the Daily TF price ended in a reversal candlestick after a bullish push -Expecting price to make a retracement that would ultimately test the neckline of the previous double bottom - A retest to this area would possibly complete the right shoulder of an inverse head and shoulder candlestick...
Im expecting the dollar to reach up towards the113.00 level. I'll watch for a retracement to the 108.800 level, but if that doesn't occur ill be looking for the dollar to shoot straight up towards that 113 level over the coming weeks. Watch how usdjpy reacts bullish as the dollar continues to be bullish. Once price hits that 113 level, there should be some...
I'm currently bullish on dxy on the short term, let's see how it plays out
The strengthening of the dollar will not end at this point.
My overall bias is bearish. But here is a chance to go long. -Price met and respected the Supply zone/Resistance several times. -ultimately it formed a Triple Top (which is a bearish candlestick pattern). -Price then broke the neckline/BOS confirming price is now in a downtrend. -Price then found some support around the 94.75 area and appears to be making a...
Is this the correct count and will DXY reverse from here on? Only time will tell.
Possible reversal zone for DXY . Many Gaps to be filled UP there :)
Hello Traders, Price still forming trend continuation pattern, I was anticipating a strong dollar last week but it just still correcting. Watch price actin now, if the price will rice correctively, one more move down is possible. If the price closes below 92.71 than the impulse will be invalidated and we will reanalyze the chart. Good Luck! Cheers, Jonas Johann
DXY: 1. Given the firming of USD STIR/ Fed funds following Yellens JH remarks and the markets hawkish reaction i still think there is another % or so of topside to be priced into USD topside. - Fed funds implying 36% probability of a Sept hike - the highest implied prob in 3 months - hence given cables 50pip appreciation i feel theres another 100pips here to be...
The FOMC rate statement was largely in line with expectations and to the hawkish side - with a september hike hinted at. Much of which followed the rhetoric of FOMC members in the past few weeks (see previous posts) and data (disregarding the poor -4% durable goods mom print). Perhaps the most hawkish/ promising statement made for a Sept rate hike was the fact Fed...
Goldman Sachs on July FOMC Decision : - The run of positive economic news in recent weeks has coincided with generally dovish comments from Fed offcials. Policymakers have indicated that they are not âbehind the curveâ, and have expressed increased uncertainty about the neutral level of interest rates. We would treat recent comments with caution, however,...