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Usdollarshort

DXY create Head & Shoulder Pattern.So, SELL NOW.... DXY chart short term create heat and shoulder pattern. So market down to 93.920 & 93.600 zone. If the market break out 94.500 resistance level then this case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If you like this idea, do not forget to support with a like and follow. Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad.
TVC:DXYShort
by AronnoFx
DXY may go down from right hereDXY currently is in a 'hard-to-tell' situation as I was expecting it to jump to 93.7 which it didn't manage to achieve last week. However it did achieved 93.524 and fell after retest for the second time hitting exactly at 93.524. So my assumption here is that there's big sellers available at this level that managed to push price down. DXY is still in uptrend in general on daily and weekly chart. On lower time frames, it does look like that DXY failed to create higher high after revisiting 93.524 so I expect it to head south and retest previous lows. RSI on most times frames currently are above 54 indicating buying strength. However lower time frames RSI is heading down agressively, it's highly possibly to move down further comparing with it's historical RSI data. Ascending broadening wedge can be considered to support this analysis. However it may also be possible that the price wants to visit higher high at 94.290 which in my opinion is highly unlikely but it's month end, and Q4 start, so I bias in thinking long investors taking profits therefore pricing going down. So if US data and news goes negative this week, the price may go crazy as it's also profit taking week, things can go wild. Overall - I'm biased on bullish dollar so may simply bounce back up from any of these support zones before reaching to the lower end of the rising wedge. Note: I do not trade DXY. It's used as analysis support for other pairs. Disclaimer: Chart does not show future market prices, make sure you adjust your trades accordingly. No financial advise is given here. Manage money at your own risk. Never believe 100% accuracy. Don't
TVC:DXYShort
by mleader1
$EURUSD | Model Eyes New HighsHello Traders, Model eyes the targets defined on the chart. The model tries to identify pressure points in any given market. The pressure points themselves identify the breadth and strength of the move to come. It exists in all time frames and can be applied to any market. The targets are printed as data is fed into the algorithm. The further away from the pressure point, the lower probability it has of attaining such levels and the higher the probability of a correction/reversal. If and when the targets are hit, I would refer to the related chart that points to targets defined on the monthly time frame.
Long
by GWaves
Will this happen in the following days?There's a very much needed correction before US dollar moving higher. A deep one :D DXY is still in decline from monthly chart, and have just met up with its monthly 100MA, from which it struggled a bit (and then surpassed it). Weekly it has a nicely forming W pattern, from which it can move up quite a bit further up, but I feel it's no higher than 94. Daily it has just finished nice jumps supported by previously formed three white knights green candles. If supported by today's US news, the deep correction may be delayed till 94 is achieved. TP: Weekly 50MA SL: I don't trade DXY. Please analyse with care, SL can be as high as 93.2. 93.2 invalidates my analysis and for me meaning DXY should go and reach 94 in no time.
TVC:DXYShort
by mleader1
Russian Ruble - Higher Inflation data to trigger RUBLE Buying Fundamentals Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August. Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist. Key Points: Russia’s inflation currently stands at 5.50%. This overshoots the central bank's inflation target of 4.00% Markets betting on a rate hike by the Russian Central Bank August from 5.00% to 6.00% Russian 10 Year Bond Yield sits at 7.20%. Higher Inflation data could push up bond yields are cause the currency to strengthen. What To Watch Russian Employment Data & Unemployment Rate Oil Prices Inflation Rate Trade Idea’s Higher Inflation - Buy RUB Technicals RUB at major support levels against EUR @ 88.00 RUB at major support levels against USD @ 72.00 ATR Volatility USD/RUB 5.64% EUR/RUB 5.17%
Short
by KayansMarkets
DXY (US-DOLLAR-INDEX) could contineu its trend!Hey tradomaniacs, its getting tricky for the US-DOLLAR as the market is very news-driven since inflation is such a hot topic! Last week and before we have seen very crazy move as soon as economic data got released.. from bad NFPs to high inflation-data to worse retail sales. Technically we see a potential breakout below the trendline of the daily-chart and the correction could eventually end if we see more bearish confluence and momentum! Nontheless, be carefully as FOMC-meeting on Wednesday could be very crucial as the market waits for any hints about a tighter monetary policy planned by th FED.
TVC:DXYShort
by Trading2ez