Usdx
DXY FebCurrently got 3 scenarios for dollar index.
It seems to be trapped in a range collecting players on both sides of the markets.
It could go either way at the moment like I said back last year - if we are under 91.24 I thought we were bearish I still think the dollar will go bearish but at the moment the market is trapped.
It currently just swept a high if it fails to go any higher I think we will push towards the downside.
$DXY Weekly Chart. Directional change| #dxy #dollar #usdx The March ’08 advance is labeled as a corrective upswing, a Zig-Zag pattern. Using Fib-price ratio model for this pattern combined with internal price measurements, we have three fib-price ratios converging, heightening the probability that the five-wave sequence (i)-(v) has ended within the last C-wave (circle) of the corrective Zig-Zag pattern indicating the closing of a cycle. The end of the larger degree second-corrective wave 2(square) at 103.82 (61.8% of the first-wave drop (1 square)) is paving the way for the larger trend continuation.
After the completion of the internal fourth-wave correction (iv) of C(circle) which took the form of a triangle, price traded upwards with a 5-wave sequence till January 2017 high at 103.82, responded lower afterwards and has been declining since. Is this the case, then the scenario for the A-B-C (circle) Zig-Zag completion is corroborated as a triangle always occur in a position prior to the final actionary wave, in our case (v)-wave.
Having confirmed the reversal signature and witnessing a five-wave (i.-v.) price event coming to its completion labeled as 1, we have set our price target at 88.70(+/-) awaiting a reversal from that point, and price to go through some retracement rise.
Could that be the rally of strength during the post bubble contraction phase before the bubble burst? It remains to be seen. One thing for sure though, the next 1-2 years will be dollar’s recovery phase.
Thanks for your attention
Trade with Discipline
Best
DXY 1 Hour | Odds 4 extension lowerIf the demand area fails at current level then odds we are rolling 4 a Bullish Bat with another extension down to 92's
USDx 12/17/17Thoughts for the US Dollar this week: Price rejected the 9330 handle heavily on weekly. On the move down to 9330 price took out a couple of the previous days lows which leads me to believe it will no return to 9330 before making a new high. In addition to this price action the FED imposed another rate hike this week which confirmed my bullishness on the dollar. Hopefully something sets up early this week; I won't be trading after thursday for a couple weeks due to the holidays.
NZDUSD-"better to fail in originality & not succeed in imitationHope everyone has had a great year of trading.
I know I haven't posted here in a while but i'm going back to making a habit of it.
Lets take a breather from GBPUSD and attempt this simple cyclical trade.
An easy 100 pips is up for grabs should price come to our entry point.
Although not entirely recommended , aggressive opportunities exist on the way down, if you can manage the drawdown whilst being true to your own risk management rules then position yourself as price moves down. I know I will :)
The year is over but that doesn't mean risk management falls out of the window. Stay Safe and Good Luck!!! Forex is Risky afterall.
Bullish $ indexRefer text in Chart.
Accordingly look at E$, Nz$, Au$, $Y, P$ currencies to take $ bullish positions with best possible RR.
Dollar Onward October 2017-2018*So with dollar it looks like it is basically between a range now, it tapped a bullish order block (on the monthly) so now turned breaker to bearish and closed below it - it's at 50% of a monthly level to it's actually at two monthly levels - I think bearish dollar next week.
*I am seeing a range of 94.70 - 90.95 - both monthly levels.
*For deep trends when it breaks 94.70/95.43 Bullish and below 91.24 real bearish.
*There is liquidity both sides of the market, I think more so to the up side - I want a deep downwards retracement then a nice bullish trend early 2018
*Highlighter areas with the pink drawing tool
What is the Dollar Index - DXY - USDX ?What is the Dollar Index?
The U.S. Dollar Index is a geometrically-averaged calculation of six currencies weighted against
the U.S. dollar
Which currencies are included in the U.S. Dollar Index?
The U.S. Dollar Index contains six component currencies: the euro, Japanese yen, British
pound, Canadian dollar, Swedish krona and Swiss franc.
What is the Formula Of DXY
Here is the formula for calculating DXY:
DXY = 50.14348112 × EUR/USD^(-0.576) × USD/JPY^(0.136) × GBP/USD^(-0.119)
GBPUSD - Short Setup - Maybe BOE is the trigger - Price Action" Chance favors the prepared mind" - Louis Pasteur
We are up over 1000 pips on GBPUSD this year and I hope everyone has been enjoying what I call Stress Free Trading .
Price Action is King!!
I am looking at a short setup on GU for the Bank Of England meeting 2mrw, I have a small aggressive entry from yesterday but my terminal is littered with limits at and just above 1.3250.
Remember risk management and protect your capital, we have had a great time on this pair but we don't want to give away our earnings on one day, I plan to expose only 2% of my capital.
Enjoy the rest of the week. P.S I have closed the previous buys and I recommend that everyone takes a bit off the market and enjoy the fruits of their hardwork.
Mutondi
DXY Possible RecoveryUS Dollar Index Might Have A Chance At Redemption, Inverted Head And Shoulders In Formation.
USDollar BullishMarket has completed its 5-3 waves cycle. It has been in a down trend (corrective move) after the 5th wave completion since the beginning of 2017. This market has now also completed the ABC Corrective wave and its ready to form its 2nd wave of the big swing (light green). Also, it has reset the entire rallied after the Trump's victory, and sitting at the same area. This is a key area, we're likely to see USD start to go bullish from here.
Let the market tell us what to do..
USD index DXY bearishUSD index price crossed below neck line of head and shoulders that gives us 2 scenarios:
1- Stall into target that is the price range between head and neck line
2- Get stuck in an ascending wedge (between neck line and trend line) until it retests all levels and then break down
DXY expected to be fallingUnless Le Pen wins next weekend, DXY is heading lower, because less and less demand is seen. Weaker bounces also support this idea.
DXY long from current levelsMajor lines of support holding USD Index from going down. I think the price starts to reverse to the upside. If you look on the left you can see the same pattern formed before price went up. Decision is based on the analysis the currency pairs included in the DXY (euro, aud, nzd, gbp) which appear to turn in the direction of the stronger dollar.
Expecting to reach at least 101.00 and then breakout to the upside from the higher degree structure.
DXY USDX Weekly ProjectionThe $DXY $USDX Index structure still pointing higher, ideally towards the 112's area as indicated by the descending channel's or flag's upper boundary as well as by the time cycles 1 & 2 cloned offset to cycles 3 & 4 - Fractals.. Yet while that might be the case worth to point the index has started to overshoot the 4th cycle which indicating a distortion of the equal time cycles starting from late 1985's..
Full Study with correlations, that is the interpretation of the $DXY Index and effect towards #Indices, such as $DAX $SPX $DJI & #Metals, such as $XAUUSD $XAGUSD will come soon..
GBPUSD may extend lower?Good evening Trader,
Today we want to share with you the FX:GBPUSD as it seems to react at current level.
As market moved higher towards current major reaction zone, market may reacts and extend lower at current trading level.
Tomorrow we will expect the UK retail sales which are expected to be higher than previous reading (0.4% vs. -0.3%). If you consider of taking a trade within the GBPUSD please regard this event risk at 09:30GMT. If outcome will be worse than expected this would give the market a fundamental kick. Additionally, Jennet Yellen will speak tomorrow which could lead to some extend of volatility around market.
Looking at our inter market indication, we see some movements around our midline, as it seems that investors take their profits from last long move. This could initiate a further extension to the downside towards 1.22 again. If market shows confirmation in lower timeframes, we might take a short.
As always trade with care. We wish you much success.
Cheers
EUR/USD at decisive zone!Hello Traders,
today we want to share with you the FX:EURUSD as it currently flirts with our decisive zone. As we taking a look at the previous movements towards our reaction point, which is characterized by a clear momentum driven upwards sequence, we now need to be cautious about current continuation.
If we take a look at our inter-market indications, it shows that we are currently heading towards lower outflow levels. This however indicates interestingly a divergence with current movement as market continued to rise and our outflow basically (besides minor corrections) moved straight upwards after the FED rate decision and Netherlands elections. We currently take the ratio of FX:EURUSD vs. INDEX:DAX , TVC:GOLD and TVC:EUBUND . We always mention the important of inter market analysis to time our trades and the movement around reaction points better. As it seems that investors may take their profits at current reaction point which could lead to lower prices.
If we do not get a momentum driven daily or at least 4-hourly break to the upside, we might see some correction moves around current zone. First heading area will be around 1.077 and then 1.07 or even lower, if market reacts at current zone.
We wish you much success.
As always please use a stop loss while trading and take care.
To you success,
Secrets2Trade
AUDUSD And Other Commodity Currencies Higher Again?Hello Traders,
we hope you have a relaxed weekend.
In this idea, we'll be looking at AUDUSD long. As the market shows us a bullish sequence against the December low 2016. We will expect further bullish momentum in AUDUSD. Especially commodity currencies such as AUD, NZD and CAD.
With Gold and Silver, new bullish cycle, we expect aussie, kiwi and loonie also to follow the path of gold and silver moving higher.
But before we call AUDUSD long confirmed, the pair should first take out the high at around 0.77575, to continue its bullish momentum.
In the case of a break of the 0.77575. We will consider long trades after a pullback to the initial breakout level. We will keep you updated with that. As of for right now, we will be on the sidelines, as the pair also could start a lower degree correction from current levels to the last breakout level at around 0.76324.
When we see a significant breakout out of the 0.77575 our target will be around 0.79484, for the short-term, as we expect AUDUSD to move even higher, but this would be the first target which we will consider.
Hope you enjoyed this short overview. We will be publishing charts now more frequently. As always trade with care and always use a stop-loss
Cheers
