DXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart
In the past 15 days, dollar has crushed the first 2 resistances. Today it crashed the 2nd one for less than an hour unexpectedly. If it crashes again, it is likely to try to crash the 3rd one and then a bearish outlook will come for USD.
On the charts, we find that the MACD is gradually heading higher as prices continue to consolidate with favorable tailwinds leading to strengthening of the greenback. Prices are now rising to challenge the strong resistance developed at 100 levels. This was the top recorded back in Mar 15 and again in Nov 15. Through the first half of the year the prices have...
DXY ANALYSIS DAILY FRAME. FIBBO CHANNEL. REMEBER TO TAKE IN NEWS IN ACCOUNT. IMPORTANT MOVEMENTS ARE COMING...??
DXY LONG AND SHORT IN WEEK. BE CAREFULL THERE IS A LOT OF NEWS COMING. MARKET CAN MOVE DIFFERENT DUE TO THE NEWS COMING.
The daily chart shows that the trends continue to be in favour of the INR as the prices have been unable to move beyond the median line of the Pitchfork. Despite the strong strengthening of the Dollar the INR seems to be holding to its gains. Will it translate into some benefit for the Indian equity markets is something that will transpire tin the coming...
Leveraging a decently positive correlation between USDINR & DXY. Working on the trading strat.
Dollar Index has build a strong support base and started breaking major resistance. It is now moving ahead towards the target of 1-- 97.48 2 -- 98 3 -- 99.21 And 4 -- 102 (Major Resistance). With the support of 1. -- 97.14(Closing basis) 2. -- 96.50 3. --- 95.70 Be cautious with the trade in major pairs. Lots of factor might impact the DXY so don't let it to...
This would cover Nifty, Bank Nifty, Gold, USDINR and DXY.
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