Usdindex
USD Index (DXY) - Strong Resistance BreakoutUSD Index, most likely, will break the resistance in the next few hours.
Presidential Debate (in next week) and Presidential Election (less than 3 weeks from now) could (should) work as main engines to drive DXY closer to 96.00.
On the other hand, RSI shows a strong upward move since last couple of months, and it is not near " oversold " region yet.
DXY long#Dollar_Index returns to 93 after the release of data and market news yesterday
. The index lost value for the second day in a row and touched the 93.50 area to date.
The price has the lowest price in its movement cycle, which is the general expectation in the market to start the upward cycle of the US dollar.
. Major pivot: 93.30
. Trend : bullish setup
. Target: 94.12
Good luck
Dollar Weakness ahead.I see the USD Index setting up a buyers trap. My entry will only follow up on the confirmation. Reaction > Prediction
DXY | Still in Downtrend But I'm Bullish on it...!!#DXY #USDindex (Update)
Still Moving Below the Downtrend Trendline But Sitting on Support..!!
I'm Bullish on #USD & Expecting Trendline Upside Breakout In Coming Days (Maybe this Week)
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US Dollar Index Retracement The US Dollar Index has created a new high, will be waiting for bearish price action to signal a potential retracement for buys.
Dollar bears waiting for Doji range trapStudy of MACD (Source: HI, CL, LO) when Histogram <0 1st Rule=When all 3 rising. 2nd Rule=When rally just a retrace from previous high. 3rd Rule=belief this rally just a retrace. NOT ADVICE. DYOR.
Dollar Index Bullish BreakoutThe USD Index DX1! had a bullish breakout from near the end of a wedge.
This is a legit buy signal and appears to be a larger trend change, a after bullish divergence (on the MACD), with very big consequences... as it all leads towards the US Elections.
System Buy Signal generated, MACD supportive and crossed up into the bullish territory.
Be aware and beware!
DXY | Accumulation Phase..!!#DXY (Update)
USD Has been in Down trend Since 20th March But From Last 7-8 Week, It's Been Moving in 92-93.70 Range (S/R)
If Bulls Cleared the Downtrend Resistance (94), Expecting Huge Upside Rally in Mid October. 📈
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Usd Index- New leg up?Usd Index found a clear bottom on 92 zone and the first leg up followed that drove the index to 93.50-94.00 resistance zone.
Now the index corrected some of this first up-leg and, in my opinion, more gains will follow fo USD.
I remain bullish as long as the price stays above 92.50 zone and I will look for short opportunities in GbpUsd, AudUsd, NzdUsd and EurUsd
USD INDEX Buy Opportunity, Next Target 96.00USD INDEX has been holding ground nearly 93.00- 92.50 points for 3 weeks. Breaking Above 94.00 may have buy confirmation. Since the middle of the march this year, USD INDEX has been dropping. So, an upside correction is expected. in the broad picture, DXY is in a downtrend and reached to its swing low area. So, we may see an upside correction to 96.00 points.
DXY Buy Stop @ 94.00
SL: 91.50
TP: 96.00
USD IndexThis is an equally weighted USD index and because the EUR has less of an impacted you will see the slight differences between this and the DXY. The index has been basing over the past several days and may soon try to move out of that base. The daily trend has been down for some time now and the September seasonal for the Dollar calls for continued weakness pushing the probabilities, in my book, of a drop higher than a rally. Looking for a continuation of Dollar weakness unless price can breakout of the descending channel. If a breakout occurs, the USD might be looking for a larger retracement and a reassessment of the chart will be needed. Looking to find good trading opportunities to sell dollars against stronger counterparts. My relative analysis says to watch NZD, AUD, GBP, CAD as strong counterparts to USD.
DXY Formed Bullish Pin-bar, May Test 95.00 Next WeekUSD Index has formed a bullish pin bar in a weekly chart. From 2015 to 2016, the 93.00 price zone played as strong support. even this time, as well as the market, is unable to stable below 93.00 prices. From the support zone, DXY has created a weekly Bullish Pin Bar. So Technically there is a chance to test 95.00 price in the next week. Stop Loss Should be below 91.90 price zone.
The trend is still down. So, we are also expecting DXY will drop from 95.00/95.20 Price Zone.
