MAJOR RESISTANCE LEVEL FOR US DOLLARSHORT DOLLAR AT 12169. MAJOR RESISTANCE LEVEL.
STOP LOSS JUST ABOVE THAT LEVEL.
Usdollarforecast
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
USD 4/8/2016This is the longest USD chart I could find. Again, determinism + free will = controlled free will.
USDOLLAR INDEX BREAKING DOWN AGAINST 11855The USDOLLAR index has broken its upward channel and now seems free to go to the next resistance level of 11855. This couls spell a short term rise un EUR and GBP v USD.
USDOLLAR Index ready for an upswing?The USDOLLAR index has reached the bottom of the upward channel it has been maintaining for months. The last candle is indicating that the index is ready for an upswing, the stochastic indicator confirm this appreciation. It is time to watch related pairs like USDJPY, GBPUSD and EURUSD for good trades.
OH! MIGHTY UJ WHERE ARE THOU? UJ seems to not care but continue to drive down south....
I am afraid UJ might go all the way south to 106.718 (God forbid!) - IMHO - I do not pray for this to happen as it may affect all emerging markets, but it can't be rule out either.
113.2 is fast approaching and 106.7 possibly could transpire by the end of this weekend (God forbid)
