USDOLLAR trade ideas
USDX Short set up on 15 minute chartA nice multidiagonal short set up is forming on the lower timeframe charts of the USDX around the 12625 level. We can expect this to feed through into other multidiagonal longer term trades on metals such as gold, which could see a bounce on a USD fall at the confluence in this chart.
way down we go (???)HI ... I`m using Eliot waves for this analysis . I use different time frames to get better perspective.
I think dollar index can`t reach above 12623 resistance for now and this small upward trend will be over soon near 12623 . we can enter a sell position with a reasonable SL . for short I think it can make another low, lower than 12517 for now . maybe trump presence in not that good :))
US DOLLAR MEDIUM TERM TECHNICAL OUTLOOKUS Dollar may extend the correction but the medium term outlook still favorable to buy the dollar.
Dollar Index broke out of a contratcing triangle upside.#USDX dollar-index broke above a contracting triangle above 1260 important level. Bullish continuation to 1270 is expected. Dollar strength against other currencies is expected to continue.
US Dollar Counter-trend TradeWeell... As you can see our divergence pattern occurred also in the US Dollar Index.
The think is that also appeared in Silver and don't forget those two instruments have a negative correlation.
So if both diverge the same time... I don't know :P But i think its more highly likely that we are going to see a reversal
Now lets head back to the set up...! As we can see the RSI didn't give us the signal in the first leg after the initial Impulsive one because it went above the 80 level
So we had a HHL but not inside the RSI 80 level
That's why had to wait for a second chance
US Dollar CorrectionExciting times await as the US Dollar rallied into 14-year highs as US Treasury yields rallied and the Dow Jones hit all-time highs following the most recent Fed DotPlot that charted a three-quarter rate hike during 2017, supported by evidence of Economic recovery accelerating in the US amidst strong GDP growth in the last quarter of 2016, strong job creation with unemployment dropping to a low of 4.6% and the outlook that Trumpenomics is about to spur on inflation when Trump takes office.
Slipping by unnoticedly however is weak wage growth and bearish momentum in consumer spending habits and capacity utilization which will likely dampen the outlook from a three-quarter rate hike to a two-quarter rate hike during 2017, and as result the premium US Dollar stands to be corrected by at least 200 points as the market starts realizing the over pricing of the US Dollar. This is not the only risk factor when it comes to the pricing of the US Dollar to watch as free trade agreement withdrawal, new presidents in office and a trade war with China will likely send the US Dollar back down to the 11,800 level during 2017 and perhaps even lower pending developments in the Eurozone.
The key levels to watch out for in the immediate future are 12,500 on the correction from the recent high followed by another test of 12,600 as the market will rush to push the Dow Jones above the 20,000 level followed by a deep retracement when Trump takes office on the 20th of January.
USDOLLARSHORT TERM CORRECTION SETUPS ARE GOOD IN AUDUSD, NZDUSD, USDCAD, EURUSD ON THE BASE OF THIS DOLLAR CHART.
My View on USDOLLAR INDEXAn equal move ABCD will take us to the 1.618 extension from that triple bottom.Please keep in mind that it is a WEEKLY chart and it may take some time to complete.When it reaches the 12700/12720 AREA I will look to go LONG on : EURUSD,NZDUSD,GOLD and SHORT on USDJPY.
USDOLLAR | Bearish Wolfe Wave | Targets DefinedHello Traders,
The US DOLLAR, which is a basket of major currencies weighed against the USD, is showing signs of weakness after an explosive move to the upside. Here we have 3 potential targets. The first target, and highest probability target, is Geo's Off-Set Rule #3 at point 3, followed by Geo's Off-Set Rule #2 at point 4, and finally the 1-4 target line. Although I expect the 1-4 target line to hit, Geo's Off-Set targets are placed on this chart for visual purpose. What you should be looking for here is consolidation and support at these levels as the index moves to lower depths.
Stay tuned for more updates.
Best,
Chartistry
USDOLLARnot an idea..just my imagination
#FOMC Economic Projections
#FOMC Statement
#Federal Funds Rate
#FOMC Press Conference
ShortTreasury Bonds are falling thanks to increased pressures from yields. Lets watch the dollar tank tomorrow, hopefully before Yellen opens her mouth, and watch the magic across all foreign pairs!
Scale in ShortTreasury Bonds are still bearish thanks to increasing rates on yields. Lets see if Yellen can move the dollar tomorrow.
short the usdollar The dollar may retrace here before it moves to the higher high. the stop loss and target is given.
in the strong dollar background, any anti-trend trades need more confirmations, patience and courage.
success
RandR
My view on Dollar IndexWaiting for the INDEX to reach the next support , see related charts of AUDUSD and NZDUSD for the short entries on the pairs when the DOLLAR INDEX reaches the support lines.
