Dollar Index is facing a crucial Support near 104.60 - 104.70 levels. Breaking below this support on closing basis could open its part towards next support levels near 102.50 - 100 - 99.20. Immediate important resistance for Dollar Index is near 107 levels.
Sell DXY around 107.10-107.30 SL 107.60 target 104.90. It will be a short term dip in DXY before it gains strength for next upmove.
The small rising channel we see as wave z has to break down with close below 92.870 to confirm that the dollar uptrend has ended, then we can say that the last push higher is certainly completed, and may be bear market in dollar has resumed. macd in daily down tick macd in hourly rsi in daily is down tick stochastic in daily negative crossover dmi adx in...
Here's the U.S. Dollar Index 4hr chart. It's all over a downtrend, and it's moving between the resistance and the support lines. It will fall to reach 90.10 by crossing 90.20 - 90.13 . After that, if the trend crosse 90.10 , then it will hit 87.50 . But if the trend takes reversal by breaking the resistance, then it will reach the following levels 90.79 - 91.39 .
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...
Possibilities of a continued upmove emerges from the higher time frame charts. Once the key resistance zones around 97.95 was overcome the we observe that the strong breakout above the key resistance zone around 97.81 has generated some positive momentum in the currency basket. With the bullish trends getting restored we need to see how long can the momentum...
Good Morning All! Wishing you happy trading week ahead Important Support Zone - 88.00 to 88.25 Have discussed about following instruments Dollar Index India Rupee Last Idea AUDUSD in the rupee idea When I wrote or published my first piece on dollar index in year 2016 - I was pretty sure we are going to have or see a stronger dollar in days & years...