DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze!
THIS WEEK...as I said last week DXY rejected and closed in the area 91,900 but below the value of FIBONACCI 618!
in the next period DXY is in a very difficult area and I will look for BUY if it closes even for a day over Fibonacci 618 to Fibonacci 786 and I will look for SELL again for a possible closing below 9130!
anyway ... closing for a month is decisive but I will bet more on BUY because W's formed on the 1 month chart!
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GREAT ATTENTION:
*This information is not a Financial Advice.
Dxyanalysis
DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... as I was saying last week ... DXY has stopped falling and is starting to form support in this area and form W!
If the next weekly candle will still be green then I will look for BUY around 92,600 or even higher ...
THIS WEEK...exactly as I said DXY reached the 92400 area from where I expect a rejection to the 91900 area and after you will test and the Fibonacci 786 area I will reanalyze!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
DXY has broke the upperside trend line and .50Fibonaaci aheadDXY has managed to broke the trend line yesterday with strong bullish candle and reached 93.50 level and currently DXY is in consolidation phase.93.67 and the .50 Fibonacci will act as decent resistance for the bull. If this levels are broken then we may expect DXY will reach 94.75 level
DXY US dollar index Bearish Flag prepare for Big Crash !!!Disclaimer : This is not financial advice please do your own research before investment.
As you can clearly see right now DXY creating Bear flag if DXY failed to sustain
above and breaks the flag from downside then the next support will be around 95.9
and if the price goes below 95 then the technically support will be around 93.
Dollar Index WDollar Index has been witnessing a freefall and the fall beyond critical supports around 94.30 mentioned in the last issue lead the DX lower. Currently, the U.S. currency's performance against the euro and five other currencies, hit its lowest level since May 3, 2016. The sharp weakness not witnessed since the period of January to July 1986 is driven by disappointing economic data, political uncertainty and positive developments abroad have sent the U.S. dollar lower despite two rate hikes by the Federal Reserve. The recent selling seems to be overdone and hence a stronger U.S. dollar rebound from current levels are expected by year-end 2017.