USDOLLAR trade ideas
USDOLLAR(4hr chart). Possible Bat at res, H&S target,RSI at Res.USDOLLAR(4hr chart). Possible Bat at res, H&S target,RSI(daily) at Res.
Pair Of Bearish Advanced PatternsJust a quick find on a pair of patterns (Bear Cypher and Gartley). Well have to track them and see how they play out...
USDX TRADING. LONG DOLLAR TRADEUSDOLLAR HAS REACHED A LEVEL OF SUPPORT.
I EXPECT A PUSH UPWARDS FOR 60 POINTS.
ACTION TIME
BUY US DOLLAR ON ALL PAIRS UNTIL USDX HAS HIT 60 POINTS
USDOLLAR before 2% decrease... The figure shows a white ATR axis and a green wave axis. I guess the "auxiliary axle" mirrored on the ATR axis can be the current rise resistance level. I look forward to turning this axis. Further wave structure can be determined by the green wave axis. The symmetrical wave motion on this axis may be descending with a target price of 11975 usd.
USDOLLAR Supply And Demand Weekly AnalysisWith price down at Weekly Demand (DBR) im bullish the USD, with USD in demand its a plus if we can find other USD currency pairs to match up with it.
US Dollar (USDOLLAR) (DXY) Correction Before BreakoutThe US Dollar Index appears to have stalled in a supply zone, and needs to regroup before climbing higher. Expecting a return to 1200 prior to ATH's.
supply and demand usdollar analysislooking for weak usdollar across eurusd, gbpusd,usdjpy, all usd pairs.. lookout for price to come into daily/4hr supply and we will get initial sell off and hopefully continue price down.. cheers.
Dollar Approaching Bearish Wolfe Wave TPI will be looking at long positions in favour of the dollar a few points below the green ray which is the Bearish Wolfe Wave target.
US Dollar: Mind the scallopsScallops are broad patterns as shown in the chart. Whilst de-dollarisation is happening at a slow macroeconomic pace, coming from Russia, China and Japan (largely), it doesn't mean that the US Dollar will simply roll over.
The pattern of the scallops is quite visible. Now the US-Dollar is at a critical point and making attempts to do another scallop. I don't assume that each scallop will be less prominent than the previous. Overall the trend from April 2018 seems to be weakening but I make no assumptions that in the short term (next few weeks) the US-Dollar will not bounce north.
US-Dollar strength is broadly inversely correlated with commodities, metals and US-stock-markets - whilst affecting the strength of other currencies indirectly.
The pattern is useful in terms of assessing other positions in the markets both on Stock Markets and Forex.
USDOLLAR WeeklyThe US Dollar look like it may have ended and correction to the last trend. Could be headed down for a long time now?
usd dollarchange of direction
bears will take over
retail traders are buying and market markers will clean their stops
with people who didnt book profit
dollar indexthe bears will rule this year .market makers will take stops of retail traders who went long.
US Dollar Index Macro View 30/12 - Happy New YearLow volume is likely to continue in the US Dollar Index until coming Wednesday, the day after New year. Friday Average Hourly Earnings, Non-Farm Employment Change and Unemployment Rate data might bring some volatility in the market.
The US Dollar Index chart did not change last week ranging between 12300 & 12260 levels. The long-term constructive for bull, till price stay below 12200 levels going forward. Looking into medium-term where the US Dollar Index could continue its way towards 12330 levels progresses. The short-term suggesting sideways might be seen for upcoming week till prices break strongly above 12260 to constructive for bull or bounce down to 12260 levels to retest support. Overall, the medium-term bull structure prevails until prices stays below 12100 levels.
Upcoming week will be a quiet trading week ahead.
ForexBriefcase takes this opportunity to wish you and your family a Happy New Year.
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