Be careful of this symmetrical triangleScenario very likely of this exit from the bottom of a symmetrical triangle which follows a downward trend.
Short to follow so in case of validation
USDOLLAR trade ideas
US index Head&Shoulders formation on 4h chart Possible move to 11,520, which is the next mayor supply zone for a down movement.
US DOLLAR has reached the 11609 level...US DOLLAR has reached the 11609 level. I expect an increase from this level. The target price of the rise is 11760.
USDOLLAR INDEX BUY US DOLLAR FALLING ALREADY ITS TIME TO PULL BACK OFFER ENTRIES IN DOLLAR INDEX WAITING FOR STRONG SUPPORT THEN GO BUY
news blipsThis has always bothered me news blips. Weakened USD suggests further moves up on gold and it very well might, however it did not show the USD chart. Im alittle curious how this plays out.
Dow Jones U.S. $$$Short term Bearish.
Long term Bullish.
Good Buying signals start at 0.5 and .618 retracement....
This analysis is based on a bigger time frame. It will take years to complete the waves.
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 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.
