DXY @ 15 min @ upside trend should be confirmed (last ECB & FED)Upside trend should be confirmed (started 1h before last ECB & FED press conferences) ...
A continuous bullish move we`ll see by prices above 103.56 (last week high & yearly high) and bearish move by prices under 101.78 (last week temporarly high). But prices above 99.11 still are still don`t damging the slightly bullish picture (on higher time frames) ...
How ever, important, while last days before christmas, are at least in my opinion, the 3 last weekly highs (102.05 & 101.83 & 101.74). If they holds this week, we should trade DXY higher while over next week. Prices between 102.62 & 102.21 could be something like a make or break area - even after the bullish flag, which confirmed the bullish upside trend (after last ECB & FED press conferences), All in all still a pretty picture for the DXY ?! How pretty bullish/bearish we`ll see (while next days until christmas) :)
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a analysis (for swing traders) - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
Usdindex
USD index flying with airbusit is possible that USD index going to reach $110 that means EUR will go all way down, everybody wait USD index to go down since most of daily traders are trying to take long positions in EUR, frankly EURUSD maybe go up for short time correction and will continue go down faster to achieve the new bottom below .
it's very important to not trade with big contract when EURUSD comes to 1.0500, the confirmations or key of success in that trade is to find strong daily price action will tell you wether you need to buy or wait.
patience patience & patience
Ready For A Dollar SellOFF.....My Technicals are suggesting a selloff in USD INDEX is Imminent and sell off would be at least 10% initially, My sell levels between 101.2 - 102.7.
US Dollar Analysis and entry helpHi traders just sharing analysis for the USD Dollar index and how to pick a great entry.
Potential buy at any failed re-test of the blue line which also aligns with the RSI and historic support levels.
Potential sell at the 61.8% fib level which aligns with previous resistance.
The blue box indicates the criteria for entry with 4/5 requirements needing to be met before entry, this method cuts losses and gives a clear structured way to enter trades that can be back-tested.
Good luck!
USD Index to reach 105?1. Looks Like USDIndex will reach 105 before next interest rate decision.
2. If Markets Crash then Fed might go back to near zero policy in next meeting. which will pressure dollar significantly and may fall afterwards.
3. Head And Shoulders showing up Euro Chart.
4. 3rd wave in USDIndex on Daily chart .
5. RSI wants to test 68 again in USDIndex Chart.
6. Oil Also looking Lower.
EUR/USD at 1.02 soon?1. Looks Like EUR/USD will reach 1.02 before next interest rate decision.
2. If Markets Crash then Fed might go back to near zero policy in next meeting. which will pressure dollar significantly and euro may rise afterwards.
3. Head And Shoulders showing up.
4. 3rd wave in USDIndex on Daily chart.
5. RSI wants to test 28 again in Euro Chart.
6. Good to Sell on Rise.
Signs of Distribution in the US Dollar IndexThe chart tells a story and the story unfolds bar by bar.
Bullish Crab ending in 5th Elliott Wave before reversal]Bullish Bat
Dollar will soon have a bounce.
Either we see a truncated 5th wave and a 3 drive to a bottom pattern see link below or...
It could also end with a quick spike down and create the Bullish Crab pattern as shown above
and a good 5th wave target.
Fear not ..but belive what you see and trade it.
@BLawrenceM
USD/CHF - 25 Year Falling Wedge Breakout Confirmed USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed, the USD/CHF pair suffered massive downside losses due to the rapid appreciation of the CHF. Looking at long-term charts, we can see that this CHF appreciation acted as a fundamental catalyst to retest the backside of the falling wedge after breaking out back in July 2014.
We also reacted beautifully off of the .618 Fibonacci Retracement creating a higher low on the monthly chart for USD/CHF. If the USD continues to appreciate against the CHF, we will end Quarter 1 of 2015 with a massive bullish pinbar on the quarterly chart for this pair.
Confluence:
1. 25 year falling wedge breakout - Bullish Reversal Pattern
2. Retest of upper trend-line / backside of wedge
3. .618 Fibonacci Retracement Respected
4. Higher monthly low formed
5. Price remains buoyant above monthly 50 EMA for the first time since 2001
6. 50/200 EMA Golden Cross about to occur on Weekly Chart. Last cross of these EMA"s was back in 2002 to the downside (Death Cross), last upside cross (Golden Cross) was 1997.
7. Strong USD Fundamentals align with this Bullish View. CHF needs to catch up with USD Index.
8. Price has traded above parity for 5 trading days
QE Effects on SP500,USD/JPY,10Y-BONDS,DXYFrom the effects of QE in the past, I want to prepare for the risk in "QE3-end" in the future.
I understand that Falling Stock-Price and Rising Bonds has occurred after "QE-end".
I want to pay attention to lower interest rates after "QE-end".
However, Stock price rise thereafter.
This is the key?
but..
We are confronted at time of "rate hike", this is different from the past two times.
Reaction to this is what about?
Market being aware of "rate hike" will be a support factor for USD.
But, it is also downside risk of US-Stock.