U.S. Dollar Currency Index TVC:​DXY

Buy Above

Details on the chart / Detalles en el grafico

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

Buy Current Price DXY 96.23

USINDEX - Test 61.8 of B - Go to 38.2-88.6 of C - US Strong

DXY exhausted right now, after pullback expecting a sharp rally toward the 100 mark

1) 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

Sell Below

The 30 minute chart of dollar index has formed a bullish bat pattern. So, It is expected to be bullish for short term.

If DXY close below neckline on weekly basis more pressure on Dollar

US Dollar INDEX study - This is in addition to the weekly chart study I published on July 30 (Link given below)

DXY potentially forming inverted head and shoulder as it's test 95.60-72, expected to bullish for the target of 96.80 level soon

TA - Requires lot of write up. Good chartists dont need explanation.

The 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.

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 .....

Could be a possible trend reversal once the dollar index is rejected from the neckline.

The 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.

Dollar Index study - DXY pullback and possible direction