USDX trade ideas
DXY Technical analysisThe Index has broken the trendline which paved the bull rally for the past 10 days.
It is consolidating below the trendline and there is a slight chance for a pull back rally to test the broken trendline.
However, the break could trigger a profit booking rally and the index is set for a bearish move for now.
USD Bullish soon!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
USINDEX - Test 61.8 of B - Go to 38.2-88.6 of C - US StrongUSINDEX
- Test 61.8 of B
- Go to 38.2-88.6 of C
- US Strong
DXY weekly clean and simpleDXY exhausted right now, after pullback expecting a sharp rally toward the 100 mark
DXY1) Dollar index looks strong, got pull back from support
2) Increasing oil and gas export and china CAD shall increase dollar strength
3) Interest rate hike in dec shall also increase dollar impacting emerging market currency
US Dollar INDEX studyUS Dollar INDEX study - This is in addition to the weekly chart study I published on July 30 (Link given below)
DXY Technical analysisThe 30 minute chart of dollar index has formed a bullish bat pattern.
So, It is expected to be bullish for short term.
DXY @ 96.80DXY potentially forming inverted head and shoulder as it's test 95.60-72, expected to bullish for the target of 96.80 level soon
DXY Technical analysisThe dollar index is currently in a downtrend in the 1-hour chart.
It has formed an elliot wave and is due for an ABC correction.
So we expect the pair to find resistance at the resistance line and make a bearish move from there.
USDX GOING UP N UP, AFTER A SHORT TRAP IN USDX THE UPSIDE TARGET WILL BE AROUND 97 IN THE COMING DAYS..COMMODITIES FALL MAY RESUME AGAIN AND BE CAUTIOUS GOING FORWARD WITH YOUR LONGS IN ALL METALS .....
Dollar Index study - DXY pullback and possible directionDollar Index study - DXY pullback and possible direction
Dollar Technical analysisThe dollar index has broken from the the ascending triangle, as suggested by us.
It has formed an elliot wave and is due for an ABC correction.
Hence we expect the pair to face resistance at the fib extension value of 2.618 and head south to broken resistance.
short...us doller is in downtrend ...as we see market retrace form 50% retracement level and over 200 ma also their so its a strong resistance level...as we see market is in downtrend ...now market follow the trend ...i describe the profit target...but market go more downside...
