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...Shortby kakkar1
DXY Technical analysisThe DXY index is trading in a tight range for the past few days. It is in the process of forming a potential head and shoulder pattern. Also trading around a strong trendline and multiple support zone based on price action. Market is awaiting cues to make a major move on either side. Hence, wait for our updates to instigate a perfect trade. by traderpulse0
DXY Technical analysisThe 4 hour chart of dollar index has formed a bullish trend line. Based on the price action,we expect the broken trend line to act as strong resistance. Also the point 95.53 is acting as a strong resistance. Hence we expect the price action to be bearish and find support at trend line. by traderpulseUpdated 1
DXY Technical analysisThe weekly chart of DXY formed a round bottom pattern and made a strong bullish move. It faced resistance around the value of 95.18. Its is currently trading near the 9-EMA which also coincides with the murray math line 4/8 value(support zone). Since both these are strong support zones,we can expect a good up move in short-term and once it crosses the resistance,a major move can be witnessed. Longby traderpulse0
DXY Technical analysisThe dollar index is currently trading around a minor support zone. The price action and the stochastic indicator is showing a divergence. So there is a good chance of bounce back. It will retest the broken support zone which is a good time to short. by traderpulseUpdated 1
DXY Weekly analysisThe 4-hour chart of Dollar index has completed an (1-5) Elliot wave. It is due for an ABC corrective wave. The price action indicates that it has broken the support of 94.18. A small pullback up to the support level is expected. Once the the support has been re-tested the index will move towards the next support level placed at 93.22. Shortby traderpulse0
DXY Technical analysisThe daily chart of the dollar index has formed a Full Elliot Wave. It is due for a correctio n in the form of ABC Wave. Also there is a possible double top pattern forming in the counter. The pair has also formed a evening sta r pattern in the candlestick. So as per the above analysis,we can expect a strong a downside in the Dollar index. Shortby traderpulse0
DXY Technical analysisThe 4 hour chart of DXY shows sideways movements and double top pattern With engulfing candle formed selling pressure intensifies further more here after Short until reaching the expected targets respectively.Shortby traderpulseUpdated 0
DXY Elliot wave analysisThe 15-minute chart of Dollar Index is currently is downtrend and formed a Elliott Wave as indicated by us in the chart. The 5th wave has almost completed its rally and we expect the counter to form a corrective ABC wave. It is also in the strong support zone and so we can expect the dollar index to be bullish up to the corrective wave pattern C which may extends up to the resistance@94.93. Longby traderpulse0
DXY Technical analysisThe daily chart of Dollar index has formed a cup and handle pattern. Although, it’s a continuation pattern many analysts now use it to predict a trend reversal also. It has also formed a handle by taking a retracement of 25%. As per our analysis, we expect a major bullish move in the counter if the index can sustain above the value of 95.03 . On the contrary,if the index moves below the value 93(the lowest point of handle), the index can turn bearish.Longby traderpulse2
DXY 4HRIt will touch 92.55 and once a confirmation breakout happens, then it will be a trendline movement. Big bearish engulfing candle pops up in this chart and no price action happens until now. IMPORTANT : Since this week all USD pairs are in major support/resistance, be careful. Don't enter so early. Shortby FutureFxFounder0
DXY Technical analysisIt seems DXY at strong resistance now if breached this resistance, then it can reach the value @ 94.81 If it does not, then dxy value may down to 93.75by traderpulse0
DXY Techical analysisFrom our analysis, It seems DXY follows the trend of Elliot waves which further targets the next value @ 92.94 Shortby traderpulse0
Contra Trade: Short the Dollar Index at CMP 92.7, SL93.5 ,TGT 91So Dollar Index has met with its old friend - a downtrendline - after a long time. We can expect an interim fall in the index from current levels of 92.7 to levels of around 91. Its a contra position to market sentiments, hence extreme caution is adviced, however the gains will be sweet! The RSI is also dropping from overbought levels to 68 levels, look poised to cool down further. Shortby Janak_S0
DXY analysisFailed to break 7/8 Murrey trading line it could retest 4/8 and then 2/8 murrey trading line Twezzer candle in daily time frame so sell now today DXY should down in NFP newsrelease Shortby SaravananMUpdated 0
DXY analysisDollar at high resistance areas such that it would down for some timeShortby SaravananMUpdated 0
USD INDEXso we have see the major trend is broken already and expected to go up till 95.00 by persii0
DXY analysisDXY breached the resistance and going up now...! It will starts making a new higher highs in the coming days by forming a bullish channel It may cause many pair's breakout herafter Longby SaravananMUpdated 0
DOLLAR Monthly analysisDOLLAR MONTHLY ANALYSIS Forms Cypher pattern such that It will move down until 83.50 Retracement region in the coming monthsShortby SaravananM1
DXY heading for 90.50As expected, DXY continued to gain strength and move south on the chart. DXY stands at the moment at 89.70 area and is heading for 90.50 move. DXY strength may be temporary, as a retracement of the longer term downtrend, and if DXY reaches levels of 90.50 but does not manage to break above this structure, we may expect a stronger move downwards. Longby drilonn0010
Revisiting earlier sent chart on DXY : Tgt near 80 goodRevisiting earlier sent chart on DXY : Tgt near 80 looks good now. If we break back above the breakdown line, the set up will be discardedShortby niftytrader0
DXY: Very Crucial support pointDXY: Very Crucial support point If this breaks conclusively GOLD and Emerging Markets should see a crazy fund flow... ( My guess and hunch only)by niftytrader1