The 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.
The 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...
The 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...
It 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.
It 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 93.75
From our analysis, It seems DXY follows the trend of Elliot waves which further targets the next value @ 92.94
So 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...
Failed 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
Dollar at high resistance areas such that it would down for some time
DXY 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
DOLLAR MONTHLY ANALYSIS Forms Cypher pattern such that It will move down until 83.50 Retracement region in the coming months
As 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.
Revisiting earlier sent chart on DXY : Tgt near 80 looks good now. If we break back above the breakdown line, the set up will be discarded
DXY: Very Crucial support point If this breaks conclusively GOLD and Emerging Markets should see a crazy fund flow... ( My guess and hunch only)
Next support is around 86.00 Another US dollar index is breaking below the long term support weekly chart.
Below 92 lower targets Stiff resistance@ 93.75-94.20 till not crossed trend to remain bearish Retest of supports @ 91.75-91.50-91 likely Break and close below 91 opens for further lower targets Price trading below key moving average, trend to remain bearish