Long consolidation, volumes with breakout. Plus, rally in copper & other commodities globally. Dollar Index weakening too. GREAT RISK REWARD
Dollar Broke out above 97$ and headed for 100-101$. #Trading #StockMarket #Stock #TradingSetup #TradingStrategy #TradeAnalysis #Charts #F&O #FuturesAndOptions #Options Trading #SupportAndResistance
Watch out for these levels on monthly basis. If its not crossed expecting down move
The Dollar index witnessed over throw or fake breakout from ascending parallel channel due to excess optimism but it is now back into the channel. Pattern wise, it seems to be forming distribution triangle. MACD is also going negative in daily time frame along with turning towards negative in weekly time frame. Once it breaks down lower side of Triangle then it...
US Dollar Index Buy Setup found accoring to elliott wave analysis, market created elliote 1,2,3,and wlliott 4th wave is running and creating the triangle pattern, as i have discussed with you all. i will be in buy as i analysed us index. Best of luck Traders Trusted Academy
* Falling relative strength on daily * 2.618, 1.618 ABCD pattern * 1.272 XABCD pattern * ADX has consolidated below 20 level for more than a month now. Breakout above it is expected t confirm the move lower. * Possible tgts of 93.400 * Hammer on monthly chart * double top pattern on daily * sell on rise DXY * BUY EUR/USD
My view is bearish on dollar and this is best bearish count to my mind. 61% retrace of whole decline of fall from 101 to 89 is almost achieved. Even if dollar has to rise more to 78.6% retrace or complete 100% retrace to form a triangle , then also it has to provide a second X wave and then it may rise again for a final Z wave on upside before a larger decline...
Very net shorts on USD and Correction to Complete , Strong Sell waiting
Hello Traders, Hope you all are doing good!! I expect DXY to go DOWN after finishing this ending structure. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market...
ALL LEVELS ARE MENTIONED ON THE CHART take a close look at chart pattern and trade accordingly. thank you FOLLOW FOR MORE .
DXY looking to resume uptrend and move beyond the previous high SL below recent swing low
Dollar Index is looking bullish in all timeframes. Long View as per chart
As we can see on the H4 DXY chart on the side, the dollar index price is still looking for a foothold in this consolidation area to try to advance further.........
There seems to be an ascending triangle on the Weekly time frame, but it's all dubious rn. Just a thought
After 2 failures to hold on to the upward trend and corrective rallies, it is clear that this bull has no bones. The dollar index has been in a bear market since 2018 and each attempted rally has failed. This time is no different. The dollar bulls are about to make the most classic giving up of their opinion and they will do it all at once. It will be a meltdown...
The small rising channel we see as wave z has to break down with close below 92.870 to confirm that the dollar uptrend has ended, then we can say that the last push higher is certainly completed, and may be bear market in dollar has resumed. macd in daily down tick macd in hourly rsi in daily is down tick stochastic in daily negative crossover dmi adx in...
In correlation flow breakdown watch: CNXCOMMODITY vs U.S. Dollar Index . With dollar near support levels possibilities of bouncing off may also force commodities to take a breather.