Trading Ideas
Thu, 22 Feb 2018 17:03:17 -0600
Bullish Flag£
Thu, 22 Feb 2018 13:48:48 -0600
Bullish Flag£ i hope...
Bearish on USD
Thu, 22 Feb 2018 09:02:44 -0600
Look for a break of this trend line and open short
Thu, 22 Feb 2018 08:32:37 -0600
CTL Break
Historical moments: Years for USD to Go Down More
Thu, 22 Feb 2018 05:25:05 -0600
DXY Long-term analysis and forecast History repeats itself and if we look we can learn from it. The chart is a look-over of the history of DXY. Take a good look at the previous journeys of DXY from the very tops to the bottoms. Look at MACD and the price. MACD bottoms shortly right during the first big selloff and then develops a great bullish divergence on the long run. Though the price is going lower until it finally bottoms. There are roughly 6 years between the MACD bottom and the price trough. That is all happened from 1986 to 1982. And then again in between 2002-2008. One can also notice that troughs of DXY were lower and lower: in the year 2008 lower than in 1992. Also, the very peaks were lower as well: 2001 lower than 1985. (Unfortunately TV does not give me the full historical data, so actually, you are not able to see the 1985 peak on this chart, but that does not take away any major information out of this idea). As the recent top (last year in 2017) was lower than the one before in the year 2001, we can expect the coming bottom to be lower than 70. Bottoming price was lower each time although the lowest values of MACD were higher and higher. Looking at the recently developing prices of DXY: the top was in, now we are living the historical years of the USD going downhill, as the USD gradually devaluating compared to other currencies. I expect that the MACD has already bottomed, so from now on if history is about the repeat itself we can expect DXY to bottom around the year 2023. So from now, we have at least 4.5 to 5 years to sell every major and minor corrections (going up) of the USD, like the one that is happening now. Economical and Geo-political shifts we are experiencing these days are all supporting the devaluation of the USD, such as long-term cycle analysis of DXY, but the latter is for another idea to be posted. All comments are welcome as this is my very first idea on TV :)
US Dollar index Technical Analysis
Thu, 22 Feb 2018 04:47:08 -0600
In Past weeks US Dollar seems in bullish positions. Now it's reached it's support price @ 90.24. So there is a possibility to go bearish movement until price @ 88.31.
U.S. Dollar INDEX
Thu, 22 Feb 2018 02:04:11 -0600
Wave count
Thu, 22 Feb 2018 00:39:17 -0600
Let's wait as that's the key that might be ABC pattern forming over there but I am gonna wait for the price to touch my zone then Imma short this pair.
DXY to make a move down first then up to take out even highs
Wed, 21 Feb 2018 22:47:03 -0600
Wed, 21 Feb 2018 20:29:36 -0600
DXY - Completing C leg of Triangle 4
Wed, 21 Feb 2018 18:40:43 -0600
DXY is in the zone for a C wave completion of the larger wave 4 Triangle. An Alternate count would have it as a Flat or developing expanded Flat. In either case wave 4's are designed to obfuscate and trivialize suggestion is be flexible as this 4 should knock out the bulls and build bears by the time the wave 5 is complete in time for an important turn up. Not now when everyone is sure that inflation is the driver and all bullish.
DXY Sell
Wed, 21 Feb 2018 18:00:56 -0600
Price should turn bearish . Price is hitting 4hr trendilne and resistance. Need to wait for an engulfing candle or nice sized doji to confirm reversal. Price may reach a little high to the last high before turning over. For a more conservative entry, wait too see price range at current price for a bit. This set up is in bias correlation with the USDJPY, GOLD, and EURUSD charts.
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