DXY - 30/7/19The dollar index hasn't been past this 98 level since May 2017. With strong buying momentum recently and major news this week, will the dollar finally break above? This area is a key resistance level. Overall, I'm bearish based on Technical Analysis. Fundamentals, according to news websites, suggest a bearish forecast as well.
Usdollarforecast
DXY - 1/6/19Price has been on an uptrend since January 2019 giving us a series of Higher Highs and Higher Lows, shown clearly on the Daily TimeFrame. Price has also been rejecting to push higher than 98.00 since April 2019. I have highlighted the MACD divergence seen on the Daily and 4HR indicating the possibility of a bearish run.
Moving to the 1HR, price is sitting on the trend-line and a strong support area.
The above is based solely on Technical Analysis.
The strong bearish candle resulted from a news release on Friday, I would wait to see what happens and how price moves and reacts at market open.
However, my overall outlook on the DXY is bearish.
DXY / U.S Dollar - Weekly OutlookHello traders, today we take a look @ the DXY
We are nearing an important Monthly S/R level in which we can expect the next trend to take place for the U.S Dollar.
A rejection and we can expect the DXY to target the Bottom of our Monthly Range. We will be looking for Bearish Engulfings via our Lower TFs.
A solid High TF close above 97.25 and we can expect the U.S Dollar to rally to new highs of 105.00~ and test our Monthly S/R level
Twitter - Signals - Telegram
USD Downside trend projection.Firstly fundamentals: Trumps specific policy, his trade wars, etc. makes me think, that US Dollar index is under big pressure, and it might affect with a bearish movement for that currency.
In the other hand, if we look what happens on the chart, we can see really strong supply zone, that has been respected by DXY. In my opinion USD is going south, with the targets that I have marked.
Taking everything into the conclusion, my long term view of DXY is bearish, and seeing it on the 88 level is just matter of time.
USDOLLAR Short 450 Pips OpportunityUSDDOLLAR is in a short trend from the looks of the Weekly and Monthly chart. If the current support level is broken, then we can expect it to go down 400 pips+ below until next support.
Depending on the price where you sell, do attention to your SL.
This is a good move to keep an eye on.
DXY ForecastI expect the US Dollar to turn bearish for some time after this week. The bearish move will quite possibly begin on Wednesday if/when ADP numbers and the FOMC minutes disappoint Dollar bulls. Initially, the US Dollar should continue it's bullish pullback. But I don't expect this to last, due to fiscal policy concerns and the unlikeness of a June rate hike.
If the Fed truly does wish to space out three rate hikes over the course of this year, a June hike may be slightly early. And even if a June hike does occur, the US Dollar is likely to suffer until June is more directly on the horizon.
DAILY VIEW ON DXY - U.S. DOLLAR INDEXHey guys,
Here's my view in the Daily chart. I'm not planing any more sells, I will wait for trend breakout and look for flags to buy!
-
Hola chicos,
Aquí está mi visión en gráfico Diario. No voy a planear más ventas, esperaré a la rotura de la tendencia y buscaré banderas de compra!
Carlos
Long USDOLLAR around 12250I am looking for a double bottom, without significantly breaking through the previous highs. The facts that it didn't touch (missed) the support trend line and that it didn't make break from the old resistance are short term bearish of the USDOLLAR. Also it is below RSI 50 and its momentum is clearly bearish.
When the indexs gets near 12260 and the RSI 30-35, I am going to be going long.
DIAGONAL IN DXY - 4H CHARTHey Traders,
We have been analyzing this structure for a few weeks already in DXY (US Dollar Index)
We are expecting a fifth move in the diagonal and then a breakout towards to the -0.27 fibo level potentially.
When this happens, all USD pairs will be affected.
-
Hola Traders,
Hemos analizado esta estructura durante semanas en DXY (Índice del Dollar Americano).
Estamos a la espera de un quinto movimiento dentro de la diagonal para luego tener una rotura que de un movimiento hasta el nivel Fibo -0.27 potencialmente.
Cuando esto suceda, todos los pares con el USD se verán afectados.
Carlos