Descending Vs Ascending TrianglesThis chart shows the weekly USD index chart vs the daily ETH/BTC chart
The Descending channel results in a bullish outcome
The Ascending channel a bearish outcome
Usdindexlong
DXY UpdatesWe are still bullish on DXY. in the coming week we expect a little pullback from the supply zone before the index continues to push higher. the first zone in my eyes is 96.4
i highly recommend doing DXY analysis before market opening at least if not everyday. that will help you to spot important zones and directions of usd pairs and then trading the pairs in a more professional way.
Trade safe, Joe.
Usd index- where to- monthly outlookFrom the 2008 bottom, Usd Index has been trading mostly up and now is trading just under strong resistance that lies at 103-104 zone.
Considering the global concerns and Usd safe haven status I expect this resistance to give up and to have a dollar strength dominated year.
In the long run (one-one and a half year) a 20% increase in Usd value is not out of the question and we can see the index touching its all-time high at 120.
USD on the runThere have been 2 great weeks for the Us Dollar, with the index rising about 7 percent.
After the index touched the 95 zone 2 weeks ago, the index reversed aggressively and put on a big bullish engulfing from this support.
This week the index passed and closed over 100 psychological resistance and is trading at 101.95.
I expect this bull run to continue in the weeks to come and I will look to buy Usd weakness in all its pairs.
USD INDEX - LONGUSDINDEX has finally test the resistance of 97.5, as we are now waiting for a breakout to the Supply Zone
of the 127% Fibonacci Retracement.
As the Fed Reserve has promised 2 rate hike for 2019, we shall see more of the up movement.
