USDOLLAR trade ideas
USDOLLAR - drop with 5 wave ElliotDaily: 3 days break down.
H4: MACD & RSI confirm a down trend.
H1: correct to value zone.
USDOLLAR(daily). Bearish Gartley, AB=CD, at Fib res.USDOLLAR(daily). Bearish Gartley, AB=CD, at Fib res.
USD - Bullish Breakout Ascending TriangleIn my opinion, USD has a higher probability to breakout to the upside based on several reasons listed below. It’s also trading within an ascending triangle, and has been consolidating for the last couple of trading sessions, both of these signals are bullish to me given the economic backdrop in the US currently.
1.) Still strong US economy, based on the slew of positive economic data we’ve been seeing. Examples would be low jobless claims, good nominal wage growth and low inflationary pressures.
2.) Long end interest rates (10 yr) are rising due to reduced investor fears, which means a positive economic outlook for the US. Higher expected economic growth leads to a strong dollar.
3.) Corporate earnings are likely to keep surprising to the upside, since projections have been lowered so much over the last few months. Again, improving economic projections.
4.) More likely for positive rather than negative news to come out regarding US-China trade deal. Both sides are committed and evidence suggests a positive outcome.
USDOLLAR - Up continue to Butterfly Harmonic= MACD = RSI has uptrend signal.
- Note: MACD & RSI must be not broken the red line
USDOLLAR before 1.32% increase... I had to change the previous analysis. Because the circumstances have changed. Based on the current ATR data, I expect another rise in the exchange rate. The type and size of the wave structure may be similar to a previous (yellow rectangle) structure. The ratio of its price movement to the ATR is similar to the current wave structure. Therefore, the target price for the currently rising exchange rate may be around 12415.
USDOLLAR - up to complete the Garley Harmonic- MACD & RSI for Buy signal
- He exceeds above the Support (Volume Profile)
USDOLLAR - short with Nonfarm news 06/04- Head and shoulder: Chart - MACD, RSI for a sell.
Good luck.
USDollarSmall time frame - price has built supply above which needs to hold to send price lower into demand. Price has suggested that with the lower low we should see a lower high, again supply needs to hold
USDOLLAR 1.6% decrease... The exchange rate moves in a declining double wave structure. Currently, it is in the correction phase with the axis of the exchange rate ATR axis. On this axis, the rising correction movement is moving. Although apparently now acts against the theory, I assume that the correction movement at this level can be completed and the second decreasing wave structure is built. The target price can be 1200 usd.
USDOLLAR(4hr chart). Possible Bat at res, H&S target,RSI at Res.USDOLLAR(4hr chart). Possible Bat at res, H&S target,RSI(daily) at Res.
Pair Of Bearish Advanced PatternsJust a quick find on a pair of patterns (Bear Cypher and Gartley). Well have to track them and see how they play out...
USDX TRADING. LONG DOLLAR TRADEUSDOLLAR HAS REACHED A LEVEL OF SUPPORT.
I EXPECT A PUSH UPWARDS FOR 60 POINTS.
ACTION TIME
BUY US DOLLAR ON ALL PAIRS UNTIL USDX HAS HIT 60 POINTS
