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Usddollar

Dollar Index Rising Wedge Almost Complete. Then What's Next?US Dollar Index is forming a rising wedge on the daily timeframe. If the swing high at 99.37 is violated, then the index still have further upside potential to hit the upper wedge before it collapses to return to the lower part of the wedge. However, there is possibility of the index being rejected at the swing high also. Finally, if the index violated the lower wedge, then price likely to fall with the same height as it rises when the rising wedge was formed...
TVC:DXYShort
by BullBearMkt
USDCAD SHORT OPPORTUNITYIn Higher Time Frames (Monthly/Weekly) this pair broke out of an ascending trend then experienced big pushes down from sellers because our Daily Resistance is at a 61.8% Fibonacci Retracement of that breakout impulse. My bias on the US Dollar/Canadian is to continue shorting this position if price action presents itself accordingly, my interest in this pair is the short opportunity if price breaks below our next structure level then we can find reason to enter the market with Reversal confirmation at the pull back to structure.
Short
by RiosTrades
USD/AUD SELL SETUPTHIS IS MY BIAS ON USD/AUD . FIRST OF ALL WE HAVE SEEN A BIG BULLISH MOVE ON THIS PAIR FOR AROUND 500 PIPS. AS HE HAVE BEEN BULLISH FOR MANY DAYS IT NECESSARY FOR PRICE TO RETRACE, WHERE WE WOULD FALL AGAIN IN THIS WEDGE. AND IF WE LOOK AT THE TRENDLINE IN THE WEDGE, WE COULD BE TAPPING THIS WITH ONE MORE 3TH BEARISH TOUCH WHAT WOULD RESULT THAT PRICE WOULD GO DOWN. BECAUSE I THINK PRICE JUST MADE A FAKEOUT FOR MARKET MAKERS TO GRAP SOME MORE LIQUIDITY A THEN REVERSE TO THE DOWNSIDE. & WE ALSO HAVE NFP COMING, THAT I THINK WILL HELP PUSH PRICE LOWER.
Short
by Yeison7
USD index Approaching Support, Prepare For A Bounce USD index is approaching its support at 7.02(61.8% Fibonacci extension , horizontal pullback support, 38.2% Fiboancci retracement) where it could potentially bounce to its resistance at 7.03 (horizontal swing high resistance). Ichimoku cloud is showing bullish bias where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
Long
by Klimex
DXY Bounced off Support, Prepare For A further rise DXY bounced off its support at 97.03 (61.8% Fibonacci extension , horizontal swing low support, 23.6% Fibonacci retracement) where it could potentially bounce to its resistance at 97.69 (100% Fibonacci extension, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
TVC:DXYLong
by Klimex
EURUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.145. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.15. TP4: R2=1.1535. Set the stoploss of these orders at breakout of S2=1.144. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.144. In this situation, there is an expectation to reach the target S3=1.1375. Set the stoploss of reverse orders at breakout of S1=1.145. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
NZDUSD daily review The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average. However, the exchange rate bounced off from the lower boundary of an ascending channel pattern at 0.6789 during the morning hours of Monday’s trading session and currently testing a resistance level formed by the 50-hour SMA at 0.6818. If the currency exchange rate passes the 50-hour SMA, the next target will be near the upper boundary of a descending channel at 0.6864. Although, if the resistance level holds, a potential breakout could be expected within this session.
by UnknownUnicorn890690
USDCAD daily reviewThe US Dollar is trading in a triangle-like formation pattern against the Canadian Dollar. The currency pair tested the lower boundary of the triangle pattern at 1.3340 during Friday’s trading session. Currently, the exchange rate is trading near the bottom border of the pattern and could be set for a breakout. If this breakout occurs, the currency exchange rate will likely target a swing low of 1.3320 within this trading session. On the other hand, if the support level formed by the 100-hour SMA and the weekly PP at 1.3374 holds, the rate will move north towards the 1.3419 mark.
by UnknownUnicorn890690