USDOLLARDollar may correct for a while, 200 DMA break is on the way, medium term sell further dollar.
USDOLLAR trade ideas
DOLLAR INDEX H1 bearish conditions ???Bearish conditions seems to be there:
- RSI clearly overbought
- Stochastic overbought
- RSI main hidden divergence for bearish continuation
DOLLAR INDEX daily short term bullish / long term bearishPrice seems to retest the median of the bullish pitchfork (main dashed trend line) and maybe design a new lower high. Depending on it, then return in a bearish trend.
There is a high probaility that price will go bearish to join the median of the bearish pitchfork (dotted trend). If it doens't reach the median by september, there willl have then a high probability for a bullish trend.
USDOLLAR Show Raising wedge pattern USDOLLAR Show raising wedge pattern. Is it will be going?? we'll see what market want!!
Elliot wave + abcd + abcd confluence inside ascending channelDollar index is forming elliot wave within a channel, with 2 abcd patterns, maroon and yellow, completing near the purple area. Usd pairs may have one more push before a reversal happens
Long EURUSD, Short USDJPYUSDOLLAR Index H&S pattern.
Break of uptrend line and backtesting broken trendline-neckline of H&S.
Since EURUSD and USDJPY has the most significant weighting in the USDOLLAR index, expecting huge moves on both pairs soon.
expecting a fake outthen next week will have good news in NFP, to move upwards to find the FOMC big bear candle.
USDollar AnalisisFrom my point of view. USDollar is forming Bearish Bat Pattern in TF Daily. There will be a fresh Demand on FIBO ration 88.6.
For a long term focus on Sell USD
Let see what's next !A new up trend for the last rally forming ? or just a kiss & goodbye ? will see !
USDOLLAR DJINDEX FXCM short on monthly chartSL = 12958
ENTRY ORDER = 12295
TP1 = 11632
Two positions with the same stop loss and x1 target for the first position
The stop loss of the second position to breakeven when the first position hits the target1.
The second position has no target, only exit
Risk= 2% of account capital (1% each position)
#USD Wave 4 still in progress Back to 1225-300 support. If we break .886 at 12280, looking for ab=cd to complete at 12115 to test multiyear channel support and EurUsd to test 1.10
