DXYI drew these charts back in october.
Divergence on our hands.
Trade with money you can afford to lose.
Usdindex!!
USD Index ScenarioThe Index has formed an expanding triangle targeting levels below 87 (83-85 is possible).
87,9 a key for reversalusd index will face 87.9 support . it was a strong area for several months it could help it to fly.
otherwise it will reach 79.8 area !!!
RSI on daily and weekly both in overbought and monthly is near to be !
follow me to reach new analysis
USD Index - Support Bounce Hints Further AdvancesHaving bounced from key support at 93.455 last week price is making a run at key resistance at 94.030. A break above this area clears the way towards 94.850.
USD Index - Down Trend Still IntactDespite Shorts from 93.455 failing to break support, price still remains in a near term down trend. Failure to trade below 92.635 suggests a possible risk of re-testing 93.455 but ultimately Shorts are preferred. Price below 92.635 clears the way to 91.550.
USD Index - Last Weeks Capitulation Points To Further DeclinesLast week price broke below key support at 93.455 ending the week around the 92.635 area of support. This week we look for a correction and further declines with a break of key support at 92.635 clearing the way for the Bears towards 91.550
Will the USD Index fall?Only a thin support zone keeps the index from free falling to 91.9 which is a classic wedge target.
USD Index- Break Of Resistance Needed For BullsLast week the USD Index declined after two weeks of consolidation breaking key support at 94.030. This decline is still viewed as part of a correction and as a result we have a neutral outlook on the USD Index going into next week with a risk of a continued range. A break above the 94.030 level will indicate a resumption of the Bull trend.
USD Index - Uptrend Intact Despite CorrectionLast week price pulled back towards broken resistance area turning support at 94.030. We see this as a correction pointing to further advances as still being the higher probability move.
USD Index - Advance Into Resistance ExpectedWe start the week with price having rejected from the previous area of resistance turned support at 94.030 and is now looking to test next key resistance at 95.270. Next major resistance to the upside after 95.270 sits at 96.695.
Buy Opprotunity UsindexUsdindex break head and shoulder neckline and now retest the neckline and also fibonacci level so best place to buy
best place for buy 94.18 to 94.00
sl is 93.33 tp is 97.20
Trade with care and happy trading
Asad Ullah
USD Index - Breakout Hints At Further AdvancesWe start the week with the USD Index above key resistance of 94.030 hinting at further advances in the USD Index. A pullback and re-test of the 94.030 will provide a great chance to look for Bullish formations and patterns towards the target and next key area of resistance at 95.270
USD Index/DXY SHORT PROJECT (Daily)Good day, All!
The daily bearish DXY project is currently forming.
Once point 5 is shaped, it can provide quite an interesting short opportunity.
If this pattern works, it may also signify the continuation of the major bearish trend which started back in the beginning of 2017:
USD Index - Breakout Of Resistance Hints At Further AdvancesWe start the week with the USD Index above key resistance at 93.455 leading to a Bullish bias in this market next week. A failure of resistance would pave the way for a re-test of support at 92.635 however as long as we remain above 93.455 we will only be looking for longs in the USD Index next week.
DXY in retrace. May give some rest for Gold sellers.Awaiting next sell for Gold. DXY looks nice for a new BUY opp when C is hit.
DXY | Ready For UpsideHello Traders,
With the Fed meeting tomorrow I expect the dollar to strengthen. Although a rate hike is not likely until December, I believe the market will react now in preparation of the December rate hike.
The Percentage points represent the probability of the target to be hit.
USD Index - Near Term Uptrend Still IntactAfter the breakout of an Inverse Head and Shoulders the USD Index hit the 93.635 area as highlighted last week. The near term uptrend is still intact meaning we are looking for further advances in the USD Index. However, price is currently at a key area of resistance (93.635) which has the ability to reverse the near term trend. As long as price stays above the 93.635 we will look to longs up towards the target of 94.63. A break below the 93.635 area of resistance would clear the way for moves back to the 92.865 / 92.565 area.
