Dollar_index
GBPUSD: Short.A lot going on in the chart, but it's pretty simple. The GBP is rubbish, and the USD is strong.
GBP broke out of the downward trend, lost it's buyers, now sinking. Trying to break above the level I've circled, lots of indecision, but no break.
US Dollar chart shows strength, GBP is fundamentally weak. SL set at where the idea is wrong, the start of the push down, and TP set into the choppy previous lows.
DXY#DXY update this is probably why a pull back in markets r happening today I think down we go 1st which should give another solid push up b4 the dollar pumps again
PGSVY
Hello TV, looking to take a long here on PGSVY I had to zoom in b c the chart is so gappy but the next gap to fill is around .98c. With the dollar looking for support B4 the next bounce and
WTI in the upper channel looking to test $43 this looks like a nice long scalp. The risk is pretty low with a SL around .24c if things go bad. You don't want to be in below that price as that .22c area and below brings fresh historical lows. I would simply cut looses there and look to re enter where ever pgsvy actually does bottom. I think this TP can get hit B4 June.
This is OTC that is also a risk. good luck everyone.
DXY#DXY & #VIX trying to make some sense out of these moves in the dollar & #vix, looks like the #VIX has to decide break up very soon or this falling wedge fails , #DXY is range bound coiling up for the same decision, looks like now or never IMO
DXY I over laid the VIX because their is a big divergence right now but I think the DXY & VIX will meet again in June and they will both be going up
DXY - Failed 4th Attempt to Break Above 78.6% RetracementThe Dollar Index failed for a forth time on Friday to hold above the 78.6% retracement level from the recent down swing and closed out with a typical Doji looking candle. This suggests we might start to see some selling action but please note that last Monday ( May 11th - Green-line should be pointing there ) the markets starting fleeing for safety and buying the greenback as concerns about the US reopening and loosing restrictions around COVID19. If we see a repeat of last week, well expect DXY to continue north, otherwise we should see some bearish continuation.
Trade Safe - Trade Well
Cheers!
Hollar at your dollar!$dxy at established long term weekly/monthly resistance here, as I've highlighted previously. Real Vision ppl believe Dollar's skyward bound. Hard to see that happening outside of a blow-off-top-kind-of-scenario. For now, in my book, its The Hoarders vs the Printing Machine. Smackdown time is coming, sooner or later.
U.S. Dollar Risk Range Long Bias - 13:06:19 (UTC) Tue Apr 7, 202
Previous Close: 100.75
Upward Bound: 101.77
Lower Bound: 80.07
DXY BULLISH CONTINUATION?Hello Traders
Here is my view on DXY. We still in an uptrend as price trading above the trend line, 50 EMA and now pulls back
to resistance turned support. Price is approaching AXIS POINT , this is a confluence area to hold support, however
we cannot predict the market but react to it. It price happen to break this area we will look for new opportunity
to sell, for now we remain bullish.
DXY ; Dollar Weeker Time Expecting downside move double Top and Big BearFlag Pattern forming.
ThankYou
Gold ready to break trough 1645 resistance to retest 1700?With dollar index dropping due the huge amounts of money printing, Gold seems to take off and currently testing the 1645 resistance. If it managed to break it we should see a retest of 1700 in the coming days.
DXY analysis for next weekDXY analysis for next week
- Price OverBought.
- Uptrend is the main trend.
- The price rises above prev / monthly high.
DollarIndexThe dollar index is within breathing distance of a crucial level witnessed only twice since 2003, A break above this we are into new territory.
CORONA VIRUS IS THE EXCUSE TO TRIGGER THE INEVITABLE SELL OFFNEWS IS THAT EXCUSE TO MOVE THE MARKETS. WE'VE SEEN A BULLISH MARKET FROM 2014-2015 AND A VERY LONG PERIOD OF SIDES WAYS MOVEMENT (ACCUMULATING). THE FAKE OUT TO THE UPSIDE CAPTURED LIQUIDITY (POCKETS OF MONEY) THEN EXPANDED TO THE DOWNSIDE, WHERE YOU SEE ANOTHER CAPTURE OF LIQUIDITY. ON THE BROADER PERSPECTIVE, THIS WAS JUST A MOVE TO TAKE THAT ENERGY AND REVISIT THE SIDE WAYS CHANNEL FOR THE REAL MOVE TO THE DOWNSIDE BUT WE NEEDED A VERY GOOD EXCUSE TO MOVE PRICE IN THAT DIRECTION, (NEWS OF CORONA VIRUS). I'M LOOKING TO SEE THE DOLLAR POSSIBLY CAPTURE THE MONEY SITTING BELOW THE LOWS OF THE PREVIOUS FAKE OUT TO THE DOWNSIDE AND WORK IT'S WAY IN THE POSSIBLY TO THE 80'S PRICE RANGE, WOULDN'T BE SURPRISE TO SEE PRICE LOWER, BESIDES THEY JUST WEAKENED THE DOLLAR.
Dollar Index will increase in the near futureDollar Index will increase in the near future
There are many reasons for the possibility that the next USD will increase
DXY DOLLAR INDEX - SHORTlooking to Short dollar at a daily supply during fomc press conference in 30 mins
DXY looks bearish to meDXY broke to a new low. I see this as a C pullback for a D leg to come.
I see a good sell entry @ 98.65
TP1 would be 127% around 96.65
TP2 would be 96.25 zone
TP3 as low as the wicked price June 25th this year @ 95.85
A "secure some profits along the way" pull would be good at 97.25
What do you think? Please like and comment, as always trade safe manage risk!
Peace. Love. Trade :)
Dollar kissed the support, around the trendline, let's go long!We have a trendline, we have a support and we have the FED which said, no planned interest rate cuts for 2020
