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Usdx

USDX testing support, potential rise! Price is testing our first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and a strong bounce might occur at this level, pushing price up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (55,5,3) is also approaching our major support and we might see a corresponding rise in price should it bounce off this level. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYLong
by Tickmill
USDX bounced off support, further potential rise! Price has bounced off first support at 89.77 (Horizontal swing low support, 50% Fibonacci retracement, 100% Fibonacci retracement) and might be pushed up to our major resistance at 90.28 (horizontal overlap resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching our major support and a bounce off this level might be a good precursor for a further potential rise in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYLong
by easyMarkets
USDX reached resistance target perfectly, potential for reversalUSDX reached our first resistance perfectly at 90.52 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, Elliot wave structure). A strong reaction might occur below this level, pushing price down to our major support at 89.96 (horizontal swing low support, 38.2% Fibonacci retracement) which coincides with our short term descending resistance-turned-support line. Stochastic (55,5,3) is also approaching our major resistance and a reaction off this level might be a good precursor of a potential drop in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
TVC:DXYShort
by easyMarkets
1
$DXY Weekly Chart. Directional change| #dxy #dollar #usdx The March ’08 advance is labeled as a corrective upswing, a Zig-Zag pattern. Using Fib-price ratio model for this pattern combined with internal price measurements, we have three fib-price ratios converging, heightening the probability that the five-wave sequence (i)-(v) has ended within the last C-wave (circle) of the corrective Zig-Zag pattern indicating the closing of a cycle. The end of the larger degree second-corrective wave 2(square) at 103.82 (61.8% of the first-wave drop (1 square)) is paving the way for the larger trend continuation. After the completion of the internal fourth-wave correction (iv) of C(circle) which took the form of a triangle, price traded upwards with a 5-wave sequence till January 2017 high at 103.82, responded lower afterwards and has been declining since. Is this the case, then the scenario for the A-B-C (circle) Zig-Zag completion is corroborated as a triangle always occur in a position prior to the final actionary wave, in our case (v)-wave. Having confirmed the reversal signature and witnessing a five-wave (i.-v.) price event coming to its completion labeled as 1, we have set our price target at 88.70(+/-) awaiting a reversal from that point, and price to go through some retracement rise. Could that be the rally of strength during the post bubble contraction phase before the bubble burst? It remains to be seen. One thing for sure though, the next 1-2 years will be dollar’s recovery phase. Thanks for your attention Trade with Discipline Best
INDEX:DXY
by ChrisMark
33
USDx 12/17/17Thoughts for the US Dollar this week: Price rejected the 9330 handle heavily on weekly. On the move down to 9330 price took out a couple of the previous days lows which leads me to believe it will no return to 9330 before making a new high. In addition to this price action the FED imposed another rate hike this week which confirmed my bullishness on the dollar. Hopefully something sets up early this week; I won't be trading after thursday for a couple weeks due to the holidays.
INDEX:DXYLong
by bverhags
NZDUSD-"better to fail in originality & not succeed in imitationHope everyone has had a great year of trading. I know I haven't posted here in a while but i'm going back to making a habit of it. Lets take a breather from GBPUSD and attempt this simple cyclical trade. An easy 100 pips is up for grabs should price come to our entry point. Although not entirely recommended , aggressive opportunities exist on the way down, if you can manage the drawdown whilst being true to your own risk management rules then position yourself as price moves down. I know I will :) The year is over but that doesn't mean risk management falls out of the window. Stay Safe and Good Luck!!! Forex is Risky afterall.
Long
by Mutondi
4
Dollar Onward October 2017-2018*So with dollar it looks like it is basically between a range now, it tapped a bullish order block (on the monthly) so now turned breaker to bearish and closed below it - it's at 50% of a monthly level to it's actually at two monthly levels - I think bearish dollar next week. *I am seeing a range of 94.70 - 90.95 - both monthly levels. *For deep trends when it breaks 94.70/95.43 Bullish and below 91.24 real bearish. *There is liquidity both sides of the market, I think more so to the up side - I want a deep downwards retracement then a nice bullish trend early 2018 *Highlighter areas with the pink drawing tool
TVC:DXY
by millspeterde
What is the Dollar Index - DXY - USDX ?What is the Dollar Index? The U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against the U.S. dollar Which currencies are included in the U.S. Dollar Index? The U.S. Dollar Index contains six component currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. What is the Formula Of DXY Here is the formula for calculating DXY: DXY = 50.14348112 × EUR/USD^(-0.576) × USD/JPY^(0.136) × GBP/USD^(-0.119)
TVC:DXYEducation
by FxCanli
40
GBPUSD - Short Setup - Maybe BOE is the trigger - Price Action" Chance favors the prepared mind" - Louis Pasteur We are up over 1000 pips on GBPUSD this year and I hope everyone has been enjoying what I call Stress Free Trading . Price Action is King!! I am looking at a short setup on GU for the Bank Of England meeting 2mrw, I have a small aggressive entry from yesterday but my terminal is littered with limits at and just above 1.3250. Remember risk management and protect your capital, we have had a great time on this pair but we don't want to give away our earnings on one day, I plan to expose only 2% of my capital. Enjoy the rest of the week. P.S I have closed the previous buys and I recommend that everyone takes a bit off the market and enjoy the fruits of their hardwork. Mutondi
Short
by Mutondi
6
USDollar BullishMarket has completed its 5-3 waves cycle. It has been in a down trend (corrective move) after the 5th wave completion since the beginning of 2017. This market has now also completed the ABC Corrective wave and its ready to form its 2nd wave of the big swing (light green). Also, it has reset the entire rallied after the Trump's victory, and sitting at the same area. This is a key area, we're likely to see USD start to go bullish from here. Let the market tell us what to do..
FX:USDOLLARLong
by fxfabianng22
2
DXY USDX Weekly ProjectionThe $DXY $USDX Index structure still pointing higher, ideally towards the 112's area as indicated by the descending channel's or flag's upper boundary as well as by the time cycles 1 & 2 cloned offset to cycles 3 & 4 - Fractals.. Yet while that might be the case worth to point the index has started to overshoot the 4th cycle which indicating a distortion of the equal time cycles starting from late 1985's.. Full Study with correlations, that is the interpretation of the $DXY Index and effect towards #Indices, such as $DAX $SPX $DJI & #Metals, such as $XAUUSD $XAGUSD will come soon..
TVC:DXY
by Dalietos