Usdollaranalysis
MAJOR RESISTANCE LEVEL FOR US DOLLARSHORT DOLLAR AT 12169. MAJOR RESISTANCE LEVEL.
STOP LOSS JUST ABOVE THAT LEVEL.
usdollar dollar is heading up if the opec meetings on november go to plan in cutting oil. Also the dollar is retesting 12100 to 12160 until the interest rate decisions.
$NZDUSD Bearish Wolfe Wave. 60 MinHello Traders,
I'd look to sell the breakout of the 2-4 line, if we get a consolidation after that, look for a retest of the 2-4 and enter a short at that level as well.
$USDOLLAR Bullish Wolfe Wave @ Geo's Off-Set RuleHello Traders,
A while back I posted a Bearish Wolfe Wave on the Dollar Index(Linked below). That is a weekly view of strength of the dollar. Zooming in we can see that the dollar is not quite ready to make a move to the downside.
Here we have a perfect setup for a bullish move.
1. The larger Wolfe Completed at 5'. This give the Geo's Off-Set Rule @12211 as a target.
2. The smaller Wolfe Wave in the triangle also gives a signal of bullish moves ahead.
If you'd like to learn more about the Wolfe Wave and Geo's Off-Set rule you can visit the links below:
wolfewave.com
www.tradingview.com
