DXY Long R/R: 1:4 Feel free to share your opinions in the comment!
Quantitative Easing is essentially trapping the US dollar in the financial system which will cause disinflationary pressures in the future. USD will likely strengthen in the future to all-time highs. USD/INR is forming a falling wedge pattern taking support on a trend line. Very good opportunity for long side exposure on the dollar.
DXY:- BUY AT CMP 91.022 and also you can accumulate 90.500 with Stop loss 90
US Dollar index has consolidated with Head and shoulder pattern on January, Result of that February could be the bullish walk for USD lead pairs Analysis only for education purposess
BUY DXY above 90.72 for target of 92.14, SL 90.13 This will be bearish for equities and commodities
There is weekly support line which should be respected in first attempt, expecting DXY to bounce till 92.8 zone from 90.25-90.3 zone. BUY near 90.26 for target of 92.8 and beyond. This should be bearish for Equities, commodities, cryptos....
DXY 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
Looking bullish week for Dollar index, based on price action anlaysis
An inverted head and shoulders pattern has formed in DXY hourly. Watch for a level above 93.70 for a move to 94.80. This may very well be the reversal on the shorter term chart which would confirm that DXY has bottomed and on a path towards 98 in a few weeks/months time. if this pattern is confirmed, we can see some corresponding correction in Metals and EM equities.
5 waves down done. Time for a reversal. Can see 98 in a few months.
DXY LONG AND SHORT IN WEEK. BE CAREFULL THERE IS A LOT OF NEWS COMING. MARKET CAN MOVE DIFFERENT DUE TO THE NEWS COMING.
What i see, DXY it retracing for the next BIg move. So i feel best time to enter SELL on XAUUSD at 1224-1226 USDCAD BUY AUDUSD SELL NZDUSD SELL EURUSD SELL GBPUSD SELL
DXY potentially forming inverted head and shoulder as it's test 95.60-72, expected to bullish for the target of 96.80 level soon
Dollar 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...