USD Index - Sign of fallingUSD has sign of decline.
Watch to buy EURUSD, AUDUSD, NZDUSD, GBPUSD.
Sell USDCHF.
Usdindex!!
USD INDEX AHEAD OF THE FOMC RATE CUTIn this video update, we talk about the USD and what we expect to see ahead
of the FOMC rate statement this evening. The Fed is likely to cut rates by 0.25% and
if they continue to discuss further easing we could see the USD weakness continue.
AUDUSDdo wave 3 is done
we have at this price (0.6887) a resistance to evalute (168% fibo extention)
our target is 0.6819 (32% fibo retrasement)
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USD AT KEY SUPPORT The USD Index is currently finding support at the 98.18 level and trendline support.
Poor retail sales couldn't push price through the support instead we saw the price react from the level
suggesting the USD bears aren't around currently. If price closing bullish here we could see the USD
bounce towards the key resistance one again.
USDCHF SHORTUSDCHF already broke up trend line
Broke Key Level @ 0.9960 and retest it and couldn't penetrate
Price moving below 100 MA
Volume Profile show that next station for price is 0.9913
USD INDEX (DXY)After a sequence of five waves in the motivational phase,we are now in the correction phase
The first wave of motion was completed with a leading pattern
Now we analyze the next move
If the blue area breaks up,We are likely to face a complex structure (double or triple combination)
In this case, we will organize the buy orders
And vice versa.
GOLD Bless you
BIG DAY FOR THE USD...Will today finally bring some direction to the USD?
The federal reserve is set to cut interest rates by 0.25%, but the language they use will be more important.
If the fed decide to be more aggressive with future rate cuts we may see the USD weaken significantly.
Even if the fed use hawkish comments we are likely to see President Donald Trump try to continue to
devalue the USD. Expect volatility to be high and wait for clear direction.
EURUSD BREAK OR BOUNCE?EURUSD is at a key technical level where technical traders will be looking to short the market.
However, fundamentally we expect the USD to weaken as the USD comes under pressure from President Trump
and the Fed. Price on the 4hr timeframe is currently consolidating and a break of the range will be key to identifying
the sentiment.
DXY Maybe this time longer term sell As forecasted the down move is started, have to see its action when it reaches to the line, we can have another move up but it's more likely to go down this time.
Symmetrical triangle We have a nice symmetrical triangle, if it don't break top, then back down. ,
t.me
USD index rising wedge possibleNeed to wait and see how this 1h and 4h candle close but so far looks like, dollar is making a nice rising wedge and if it breaks below, USD downfall will continue
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USD INDEX DECLINE (RISING WEDGE FORMATION) LETS LEARNExpecting price to retest previous structure before a possible 50 - 100 pip decline.
If price breaks support, I will be expecting a retest before going short.
My bias is Short so i will only get in if price meets my requirements (DISCIPLINE) !!!!!!!
EW Analysis: The Connection Between USD and BitcoinHello traders!
Today we will talk about US Dollar and Bitcoin!
We have noticed very interesting patterns and correlation between US Dollar and Bitcoin.
In the first chart we can clearly see bearish setup on US Dollar after that sharp and impulsive decline followed by a three-wave a-b-c expanded flat correction back to ideal 61,8% Fibo. retracement. At the same time, in the sceond chart even EURUSD can be making bullish setup after that strong five-wave rally followed by a three-wave a-b-c decline with a triangle in wave "b" back to ideal 78,6% Fibo. retracement, which indicates a corrective drop!
So, based on USD correlations, seems like USD Index can see some weakness in the upcoming sessions at least towards 97.00 - 96.50 area, while EURUSD may start recovering back to 1.1250 highs or maybe even 1.1300 area!
Well, as you can see in the third chart, when EURUSD turned down into a correction, even BTCUSD made a bigger and in our opinion corrective decline down to 9500 level, ideally for wave C of a big bullish triangle pattern, which can be seen in our previous idea! So, according to correlations with EURUSD, we believe that even BTCUSD can see a bigger recovery soon, ideally back to 61,8% - 78,6% Fibo. retracement and 11200 - 11700 area for wave D!
That being said, while USD Index can be headed lower, watch out for the recovery on EURUSD and BTCUSD in the upcoming week!
Bu humble and trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long-term analysis of the US dollar currency indexAccording to the analysis performed, Wave B of the largest degree zigzag pattern seems to be.
If the wave scenario is correct and the wave C starts, price targets of 93,89 and 84 will be available.
