USD DROPPING...In this video update, we take a look at the USD and how the recent weakness is affecting
other markets. We also talk of using the strategy more recently on the Dow Jones and how it
would have played out in your trading.
Usdindex
Usd Index Weekly Chart AnalysisUsd index, long term view. Base on fibonacci, trendline, will drop more.
DXY double bottomForming double bottom with divergence on RSI, looking for earlier entry through the break of the downtrend line, then add on the break of the neckline resistance zone.
Good risk reward, target the next resistance at 61.8% unless we see a major shift in dollar sentiment..
Good Luck!
HIT N RUN? DXY
Setup: Structure Breakout & Retest
Confluence: CRS
Entry: Sell @ 98
SL @ 98.10
TP @ 97.50
Let's see how it goes.
Note: Price can reverse anytime as bullish momentum still looking strong.
USD Index - Sign of fallingUSD has sign of decline.
Watch to buy EURUSD, AUDUSD, NZDUSD, GBPUSD.
Sell USDCHF.
USD INDEX AHEAD OF THE FOMC RATE CUTIn this video update, we talk about the USD and what we expect to see ahead
of the FOMC rate statement this evening. The Fed is likely to cut rates by 0.25% and
if they continue to discuss further easing we could see the USD weakness continue.
AUDUSDdo wave 3 is done
we have at this price (0.6887) a resistance to evalute (168% fibo extention)
our target is 0.6819 (32% fibo retrasement)
God Bless U
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Instagram Address: @TOPCHARTIR_FOREX
USD AT KEY SUPPORT The USD Index is currently finding support at the 98.18 level and trendline support.
Poor retail sales couldn't push price through the support instead we saw the price react from the level
suggesting the USD bears aren't around currently. If price closing bullish here we could see the USD
bounce towards the key resistance one again.
USDCHF SHORTUSDCHF already broke up trend line
Broke Key Level @ 0.9960 and retest it and couldn't penetrate
Price moving below 100 MA
Volume Profile show that next station for price is 0.9913
USD INDEX (DXY)After a sequence of five waves in the motivational phase,we are now in the correction phase
The first wave of motion was completed with a leading pattern
Now we analyze the next move
If the blue area breaks up,We are likely to face a complex structure (double or triple combination)
In this case, we will organize the buy orders
And vice versa.
GOLD Bless you
BIG DAY FOR THE USD...Will today finally bring some direction to the USD?
The federal reserve is set to cut interest rates by 0.25%, but the language they use will be more important.
If the fed decide to be more aggressive with future rate cuts we may see the USD weaken significantly.
Even if the fed use hawkish comments we are likely to see President Donald Trump try to continue to
devalue the USD. Expect volatility to be high and wait for clear direction.
EURUSD BREAK OR BOUNCE?EURUSD is at a key technical level where technical traders will be looking to short the market.
However, fundamentally we expect the USD to weaken as the USD comes under pressure from President Trump
and the Fed. Price on the 4hr timeframe is currently consolidating and a break of the range will be key to identifying
the sentiment.
DXY Maybe this time longer term sell As forecasted the down move is started, have to see its action when it reaches to the line, we can have another move up but it's more likely to go down this time.
Symmetrical triangle We have a nice symmetrical triangle, if it don't break top, then back down. ,
t.me
USD index rising wedge possibleNeed to wait and see how this 1h and 4h candle close but so far looks like, dollar is making a nice rising wedge and if it breaks below, USD downfall will continue
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