RISE IN THE DOLLAR INDEXDollar Index has given a breakout from the cup and handle pattern. What remains to be seen if it's a real or false breakout
DX.F trade ideas
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 ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected!
in the next period I will continue to look for BUY until area 93400-94
THIS WEEK....as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of 92600
from here I expect a small retreat and then I will continue BUY to target 2 and complete W
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*This information is not a Financial Advice.
DXYIF DOLLAR INDEX GOING DOWN, THEN USD JPY ALSO SHOW SAME FACE AND GOLD WILL BE IN UP TREND OR IN RANGE
Dollar Index chart Analysiscmp 92.95
Bullish above 93.32
above it Downside open
for Emerging Markets
DOLLAR INDEXBreakout attempt.
If successful then expect a rally which could mean pressure on equities
DXY: Near Resistance ZoneThis is 4 rejection from around 92.8 levels in last 6 trading sessions. It has failed to breakout despite high inflation numbers in US and increasing risk of the tapering of stimulus. If it has finally reversed for good then be ready for risk-on in EM including India. Hopefully Nifty crosses 16k and Bank Nifty breakouts above 36k soon
DXY towards 92.0As the Cpi report took dollar to its channel top now its time for dollar to reconcile towards 92.0
DXY wee can se a nice little pattern over there if it breaks and gives us a nice pull back wee can look for shorts
DXY long long cup & handle in making gold , BTC & EMs r vulnerable to DXY STRENGTH , BIG C&H in making . IF THIS GOT BREAK OUT , IT CAN BREW TROUBLE FOR HIGH BETA ASSETS
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 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!
THIS WEEK...as I said last week ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected!
in the next period I will continue to look for BUY until area 93400-94 but a closure even for 1 day under Fibonacci 618 (91941) forces me to think again about SELLpana in area 91480 or even below ....
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
