US Dollar - Daily chart - Short term bullish.Hello traders!!!
Double bottom pattern. RSI-Oversold buyers may turn it up @ 50 level.
US dollar should test the 11700 zone.
Have fun and trade with minimal risk.
USDOLLAR trade ideas
USDollar in Trouble?Perhaps, it's not a conspiracy theory that USDollar will crash.
Tell me what do you think in comment.
Be careful shorting USD at this pointUS Dollar weekly chart i coming of a 6 year trendline. I see both Euro and Yen very resisted at this point. The euro zone has seen some improving economic news in the past months but with a still dovish central bank I'm not shure if the market will continue pushing higher at this time, give room for a dollar pullback or maby a move higher?
Im neutral at this point till trendline breaks or holds and pushes above 11 800 level.
FXCM DOLLAR INDEXWe have the upwards sloping red monthly trend line.
The blue weekly level.
The orange daily trend line all aligning.
DOLLAR LONG IS ABOUT TO GET SOME SERIOUS SUPPORT.
DXY REVERSAL. US DOLLAR TO RALLY HIGHER.After the coming weak i think we have the dollar hit a monthly upwards sloping trend line which has acted as support for the FXCM DXY previously.
Despite the government shut down, I can see a zone where we may get support occur with the bounce off the monthly Trend line.
I have defined my line in the sand with the rectangular area. If nothing else we may see a pull back to value.
This will translate to US pairs across the board. So take cues from the EURUSD. Watch that lower time frame on the EURUSD for changes in current bullish bias.
USDOLLAR - Midterm buy...Technically USDOLLAR should finish ABC corrective structure anytime now (this week)...
Technically:
- ABC correction
- Major SR zone
- Long term trendline (6 years)
- Bullish divergence ongoing (Switch to Weekly chart-divergence on weekly/monthly chart )
Target profits on chart.
Entry: 11660-11730
Trade responsibly.
Strong Buy OpportunityThe market is over bough, for about two days now. This is a good opportunity to go long. When the market crosses the red and blue EMAs
Dollar Strength Ahead ?! Looking Like A Longterm Long
We looking on the Dollar Index (DXY), and i love to trade these trend changes.... We see a nice divergence forming down there near a strong support line. Also there is a first daily engulfing pattern formed. Im already in there with a small lot size because stops are 100 pips away and under the lowest swing on the daily chart.
US Dollar Could be a short term rally on the cards, if the low breaks well time to take the hit and get out
Careful of the contract sizes on this as it is a $10k minimum contract and likely over $100 minimum risk
PRZ test for Bullish Bats. #USD Kick off the year with a bang and don't be on the wrong side of KINGDOLLAR
$USD (W) 2 year bullish bat complete w/ TL Confluence CURRENT PRZ: .382 FIB 2014-2017 w/ bullish bat beginning
Bullish
T1 12250
Bearish
T1 10890
USDollar PossibilityUSD tends to strengthen at the beginning of the year. If the USD does follow the usual to usual yoy trends then for the first 2 months we'll see a bullish move. Then afterwards it will continue the bearish trend southward. If it doesn't strengthen then we will see a continuous ranging trade until it decides to continue the bearish route.
DXY SHORT MEDIUM TERMprice is currently within a rising channel. i expect a pull back to the bottom of the trend before we head higher for a bullish 2018.
The Forever CorrectionHello Traders!
It seems USD will be ranging for a couple years. It made a high and wasnt really rejected, it just pulled back, so its fair to say we can anticipate a big range. Arrows are not specific, niether is pattern, all is just general to point out price will be up and down forming a bigger pattern..
