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Usdx_setup

not going to be easy for equites and gold from here onusdx has made a sharp bottom in my opinion it has completed an impulse move and now a corrective move in a down trend it can go up to the retracement levels marked on the chart however it has to be remembered that this is a corrective move only not a start of an uptrend or any impulse move so have to plan accordingly 101.5 on the downside is a key level until it trades above that level the move is only on the upside on every dips
PEPPERSTONE:USDX
by Tradegainer
US DOLLAR INDEX BEARIS OUTLOOKInflation is USA still remains high, but it have eased a bit, showing the CPI published yesterday. The investors are currently more worried regarding the interest rate increase that Fed is planning to implement in order to continue slowing the inflation. USDX broke the support of the triangle pattern on the 1 day graph, which might indicate a downturn for the instrument, which is supported by both MACD histogram, which is steadily under the zero line, and the RSI index. If the pattern does not realize the instrument might return to its open from yesterday at 106, but if it gets realized, it might reach levels of 103.3 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
PEPPERSTONE:USDXShort
by legacyFXofficial
EURUSD (EURO) Big Picture: How Could This Possibly Happen???EURUSD (EURO) 042418 7:50 pm. Hi trader friends, since this chart picture should replace a million words... Either the EURUSD topped or it is in a lower degree 4th Wave triangle with only one more pop up to a top, then down for 4-18 months once the top is confirmed. Whether its a triangle with one more high or the 5th Wave already top, is likely to be resolved this week. I expect one more wave lower on the intra-day charts to touch the lower trend-line of what may be a triangle within 1-3 days. Then, the EURUSD will likely bounce in a small corrective rally, meaning a huge down move is imminent. Or, the bounce will have conviction and break the upper triangle resistance for one more impulse wave high, then tank into a Wave 2 low months or longer away. After the Wave 2 low in likely 4-18 months from now, then somehow, the US Dollar will likely be in deep trouble as the EURUSD should have a substantial rally for several years, if this is correct.. DISCLOSURE: This analysis is meant for educational purposes only. You trade at your own risk! Michael Mansfield CIO
by UnknownUnicorn1613901