I think that the signals indicate the return of rising US dollar may see some declines on Monday, but it is very limited if there
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hello guys, just quick update. DXY has broken 96.2 to the downside. next resistence around area 95.2. there is pretty clear elliot count of the uptrend. would really appreciate if anyone has an count of this corrective mess. I would expect that if the GDP is good + hawkish FOMC - 95.2 is not gonna be broken and we shall continue up.
too bad this threat is not so active since DXY has huge importance.
any ideas on DXY?
too bad this threat is not so active since DXY has huge importance.
any ideas on DXY?
- #37
- Edited 11:56am Jun 10, 2015 11:44am | Edited 11:56am
- Joined Oct 2014 | Status: Trader | 717 Posts
Hello guys, some ideas about DXY
1. pic.: bullish divergencies on all indicators when you take the recent low where we are now and previous low (H4)
2. pic.: bullish divergencies on all indi on the last swing down (M30)
3. pic: very easy triangle play =) a suc break to the upside will form a hammer on D1 (M5).
4. pic.: two possibilities - close above 95 or close to it indivates bullishness by its hammer and is in respect to all the divergencies. Tomorrow supported by most likely good retail sales. A strong close under the 94,75-95 level will leave is wondering whats next as it can indicate further continuation down.
In any case: on FA grounds I do not favor bears since we have FOMC coming and anyone fighting the possitive corelation of Dollar and rates can be called insane
Any ideas welcomed!!
K.
1. pic.: bullish divergencies on all indicators when you take the recent low where we are now and previous low (H4)
2. pic.: bullish divergencies on all indi on the last swing down (M30)
3. pic: very easy triangle play =) a suc break to the upside will form a hammer on D1 (M5).
4. pic.: two possibilities - close above 95 or close to it indivates bullishness by its hammer and is in respect to all the divergencies. Tomorrow supported by most likely good retail sales. A strong close under the 94,75-95 level will leave is wondering whats next as it can indicate further continuation down.
In any case: on FA grounds I do not favor bears since we have FOMC coming and anyone fighting the possitive corelation of Dollar and rates can be called insane
Any ideas welcomed!!
K.
Hello guys, some ideas about DXY 1. pic.: bullish divergencies on all indicators when you take the recent low where we are now and previous low (H4) 2. pic.: bullish divergencies on all indi on the last swing down (M30) 3. pic: very easy triangle play =) a suc break to the upside will form a hammer on D1 (M5). 4. pic.: two possibilities - close above 95 or close to it indivates bullishness by its hammer and is in respect to all the divergencies. Tomorrow supported by most likely good retail sales. A strong close under the 94,75-95 level will leave...
momently i have struggels to figure out the direction of the trend. last weeks it wasnt really hard because the bullish movement was strong. but if dxy moves in a range its harder to predict for me. i use trend channels and some ma`s its a begin but not perfect, any ideas for that? momently i trade the dollar only short because: price broke through support, my 1h 4h and daily channels are bullish and ma`s too.
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