Usdindex
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.
USD Index - Inverse Head & Shoulder BreakoutThe USD Index confirmed the breakout of the Inverse Head & Shoulder pattern last week clearing the way for further advances towards the 93.635 and 94.630 areas of resistance to the upside. A re-test of the broken resistance area of 92.565 turning support would provide a great area to look for long opportunities. Advances in the USD Index should drive USD Strength across the board next week.
USD Index. Long Term ViewAs you can see on the chart, I think we had the top on Dollar Index at 103 and we are not going back there anytime soon. The entire Daily structure looks very much like a reversal to me (maybe a Head&Shoulders). With this being said, I also think we had the daily swing bottom set couple weeks ago at the price of 91 and we are not going back below until USD Index doesn`t make a deep correction.
I expect this correction to be either a 3 wave zig-zag or a 3 wave flat. In any case, would be watching closely the 0.50 and 0.618 Fibbonaci retracement levels of the entire move (103 to 91), as I expect the price to start turning bearish in that area.
I will be updating the chart as the structure develops and starts giving hints of the next moves.
Dollar Index On The DailyToday's GDP didn't surprise the market, if any at all. Perhaps weak US data for the past few days has finally balanced itself with today's GDP report. Looking ahead towards a new month, what's in store may confirm a dollar reversal with upcoming NFP to start the month of October. Until then, it's a short all the way until "CPI" ticks back up. Cheers, and Happy Trading.
EURUSD Part 3 LONG!Its a clear signal from the part that i round!
i know a lot of people already hold long sell position from 1.1712 area from yesterday bull, this is a warning for small account that this market will go towards 1.18xxx area before the Big down or continue to 1.2, reason are pretty simple its because weaker usd are good for business and according to the previous year, its ranging and start of an up trend in longer term!, forget about 1.0x area for now if you're planning to go long.
USD INDEX "Going UP"the Price is facing a demand zone + Fib 0.618 + ABCD. I think the Index price will go up at least to 99 (see my check mark).
USD set to fall furtherThe weekly chart of my own built USD index shows signs of donwward continuation within a well-defined symetrical triangle.
