usd index DXY D1 in a Gartley's PRZ coinciding with AB=CD Quoted from Scott Carney's Harmonic Trading V1: "The exact 0.618 B point requirement was just one condition in this interpretation of the
structure".
In this Gartley B retraced only 0.578 and not the required precise 0.618, but coinciding with AB=CD 0.707-1.414 and with stochastics in over sold zone and price braking at the demand zone ... let's see if those patterns are valid in the next week :)
Usdindex!!
BUY GOLD, BUY US-BONDS AND SELL DOLLARFor the time coming i am a dollar seller. I think we have seen some disappointment after this dovish hike of the Fed. This will for the coming days keep a lid on the dollar.
I will be looking to buy US 10Y Bonds and Buy Gold. Silver also looks like a solid play.
10YR US Bonds
USD Index for the Long term Investment < to 2025 Probably!long it , to the trend ,
Then short it to the B AREA
if the price goes up the red trend , and it is something really hard but everything in the market can be , so long it again to A Area
see you after 7 years :=) , or if something really big happen ,and i expect the second one ,
Update idea
USD INDEX BEARS MIGHT TAKE OVER SOONIf we break higher tonight on the FED Minutes it will probably be some kind of stop hunt above the recent high. I dont think it will be a sustainable move above 101.80, except something really major happens, that turns the sentiment on the USD completly around and makes it super bullish then look for buys above 101.80.
But right now i am not seeing this scenario unfold. So i am prefering to look for the short side of this trade.
Blessings to you all.
Cypher pattern on the USD/CADThis week's play for the USD/CAD is to short USD as the Dollar index is looking to decline even further. Until the USD Index reaches next support level at roughly 100 even handle, or perhaps upper 99 levels, this potential cypher pattern should respond with the dollar to rebound off support. The fundamental picture of the market, in my opinion anyway, is the ECB meeting on the 19th which could offer traders and investors some insight as to whether QE purchasing should begin to taper off and start raising interest rates, or should it continue which will send the EURO near parity level. In short, this is my play for the week. Good luck! And Happy Trading.
Ups Stock To ShortUps is looking good as moving in downtrend and if it breaches the Lower Trend line Then there will be a good opportunity to short this stock up with take profits @ flag UPS.
United Parcel Service, Inc. (NYSE:UPS) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a research report issued on Monday. They currently have a $119.82 price objective on the stock. Vetr‘s price target points to a potential upside of 3.83% from the stock’s current price.
DXY to post a limited corrective pullbackThe anticipated break higher has been seen, with the USD index reaching 103.65.
A corrective pullback is now highlighted, however, as overbought momentum studies unwind, with a break below the 101.80 retracement opening up congestion around 101.00 and the 100.70 retracement.
Still deeper reactions cannot be ruled out, but critical support within 99.43/75 should underpin any tests, as background studies continue to improve and investors maintain a buy-into-weakness strategy.
A break, however, would negate higher levels as investors subsequently move to a cautious stance.
Following minor setbacks, fresh USD gains are looked for, with a close above the 103.65 year high of December 2016 opening up historic congestion around 105.00 as the May 2016 rally extends.
DXY @ 15 min @ upside trend should be confirmed (last ECB & FED)Upside trend should be confirmed (started 1h before last ECB & FED press conferences) ...
A continuous bullish move we`ll see by prices above 103.56 (last week high & yearly high) and bearish move by prices under 101.78 (last week temporarly high). But prices above 99.11 still are still don`t damging the slightly bullish picture (on higher time frames) ...
How ever, important, while last days before christmas, are at least in my opinion, the 3 last weekly highs (102.05 & 101.83 & 101.74). If they holds this week, we should trade DXY higher while over next week. Prices between 102.62 & 102.21 could be something like a make or break area - even after the bullish flag, which confirmed the bullish upside trend (after last ECB & FED press conferences), All in all still a pretty picture for the DXY ?! How pretty bullish/bearish we`ll see (while next days until christmas) :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
USD index flying with airbusit is possible that USD index going to reach $110 that means EUR will go all way down, everybody wait USD index to go down since most of daily traders are trying to take long positions in EUR, frankly EURUSD maybe go up for short time correction and will continue go down faster to achieve the new bottom below .
it's very important to not trade with big contract when EURUSD comes to 1.0500, the confirmations or key of success in that trade is to find strong daily price action will tell you wether you need to buy or wait.
patience patience & patience
Ready For A Dollar SellOFF.....My Technicals are suggesting a selloff in USD INDEX is Imminent and sell off would be at least 10% initially, My sell levels between 101.2 - 102.7.
US Dollar Analysis and entry helpHi traders just sharing analysis for the USD Dollar index and how to pick a great entry.
Potential buy at any failed re-test of the blue line which also aligns with the RSI and historic support levels.
Potential sell at the 61.8% fib level which aligns with previous resistance.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!