DOLLAR INDEX USD INR ANLYSISUSD INR:- it is working as per our analysis. it reverted from 73 and both targets were well achieved 73.44 and 74.20. Now it is sustaining above 74.20, so it may test 74.68 to 74.74.
It has inverse relation with nifty so correction may come.
Dow also has at major resistance as per chart 35500.
Usdindex
dxy looking bullishHello guys i had find this setup in 4h timeframe which is taken support at trendline and also broken descending trendline and might go and test above channel so we have a good opportunity to go for buying setup in usd pairs and also plzz do your own analysis before taking any trading decision if you like my analysis hit like and do share and follow me for more charts thank you
US DOLLAR INDEX....Double Zigzag SetupVIEW:
USD index appears to be ripe for an upswing as per elliotwave analysis.
Pattern/Structure:
zigzag + x + zigzag =double zigzag
Just the Beginning OUR CURRENT POSITION
GOLD-SHORT-ENTRY-1325 TARGET-1230 STOP LOSS-1385
SILVER-SHORT-ENTRY-16.500 TARGET-14.700 STOP LOSS-17.300( It doesn’t, means that we can't close or even reverse our position in the middle,if we get enough confirmation we can close like we did 3 times previously or even reverse the position if needed)
At the moment of writing this article/idea our full net short position in gold,silver and mining stocks is well justified from the measurement of risk and reward
The precious metals market reversed and declined just as we had been expecting it to,and our current year's profit from our short position further increased but it seems that this is just the beginning,Today's idea will be rather short as our previous thoughts on precious metals sector is well up-to-date
Gold miners moved visibly lower yesterday and it seems that this fact confirms that the pattern remains intact. The implications continue to be bearish
DXY how beautifully reached symmetrical traingle targetJust to put in a prospective, following traditional technical analysis can lead to good trades and necessarily no need to trade every other day. It is question to be asked if fundamental make the technical or fundamental can be predicted by the technical. Nevertheless it is always to good to have both technical and fundamental knowledge in your trading arsenal.
