DXY - At a Crucial Point.[
A Monthly, Quarterly, Yearly and Decades candle formation in sight.
Break and Close Below 91.70 will lead to a big dent.
DXY trade ideas
Dollar Index breaking a very big monthly supportIf dollar index closes below 90 this month , we are in for a big upmove in Nifty and BankNifty
Dollar IndexThe longer the dollar index takes to break down lower, weekly volatility as measured by the Bollinger bands continues to contract, lowering the odds of an immediate decline. The 1st alternatives for a small bump up as discussed yesterday, however, the 2nd alternate is that a larger wave C bounce, back to the top end of the range near 95 can also take place. The weekly momentum remains in buy mode adding weight to the potential for further consolidation in wave 2 longer-term before wave 3 down can start.
DXYweekly supportDollar index on weekly TL support if sustains above this TL it can drag the market.
Short for EURUSD type pairs and long for USDCHF type pairs??Hey folks!!
Hope y'all having a good trading week so far!!
Here we have DXY reversing from a major daily support zone. Its a red flag for USD as quote pairs and green flag for USD as base pairs.
Will the Reversal succeed and bring the channel running in EURUSD as well as USDCHF?
I stay bullish on DXY for the next few hours at least.
DXY has broke the upperside trend line and .50Fibonaaci aheadDXY has managed to broke the trend line yesterday with strong bullish candle and reached 93.50 level and currently DXY is in consolidation phase.93.67 and the .50 Fibonacci will act as decent resistance for the bull. If this levels are broken then we may expect DXY will reach 94.75 level
Follow up with Emerging Markets and Dollar correlation Here's the Dollar breaking and retesting the trendline. This would be an interesting weekend
Dollar Index (DXY): What to expect? From these observations we can say that we are in Wave 4 and still there is a room for a bounce towards 95-95.5 levels before we get a final leg down in terms of Wave 5. Assuming Wave 4 terminates around 95.25 levels we may see a further decline towards 90 levels which is our minimum expectation as Wave 5 TGT as seen in the image below. And if it extends we may even see 88 or 86 levels.
FIRST STEP TO LEARN INSTITUTIONAL :WARNING: NOT FOR RETAIL GURUSLEARN WYCOFF THEORY COMPLETELY , THE 4 PHASES I TOLD , THATS HOW PRICE IS DELIVERED IN INSTITUTIONAL PERSPECTIVE, I WILL POST MORE CONTENT SOON
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BULLISH DIVERGENCE AT SUPPORT ON MONTHLY FRAME ...WILL LEAD TO BULLISH DIVERGENCE AT SUPPORT ON MONTHLY FRAME ...WILL LEAD TO GOOD RALLY IN #DXY .. WHICH WILL LEAD TO GOOD CORRECTION IN #GOLD #STOCKS #BITCOIN #NIFTY #SPX
US dollar index approaching breakdown for US Elections in NovPrices are constrained in a rectangular formation approaching breakout. Possible targets of 95.26 by November
Dollar Rebound - RSI/MACD Divergence & Stretched PositioningShort term dollar bottom?
Stretched CFTC net long positioning has started to unwind a little as well.
Plus Euro which is a big component, also has seen stretched positioning and now we are seeing resurgence of cases in most major European countries.
