- US Dollar Month candle yet to show weakness. But the Dollar bulls need the Month close to be at the current levels or Higher. Any close towards 100 lower will indicate weakness
- Weekly chart shows a range breakout Targeting 108 levels. Staying above 100 this target will be achieved in the short term. Weakness only on week or month closing below 100 levels.
- GOLD Triangle and Trend update
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CHART-II
- Wedge has broken the support line. Price is also staying below 200 Day SMA. Daily candles closing below 200 SMA will favor a bearish trade now.
CHART-I
- US Dollar Four hour chart is forming a falling wedge pattern
- Falling wedge is bullish reversal pattern So price need to break the falling resistance line for USD to move up which means Stocks might start to fall.
- Price breaking the lower boundary will invalidate or reduced the credibility of this pattern.
- US Dollar is about to retest its 200 SMA.
- Now Price may retest 200 SMA and start moving up to save the golden cross(50 SMA crossing above 200 SMA) that's shown in daily chart. Or a breakdown below 200 SMA which will lead to a failure of this golden cross and dollar may fall towards 73 levels.
- ES RESISTANCE LEVELS IN DAILY CHART
- US Dollar daily chart comes back to its 200 DMA.
- If this reversal is limited to 50% or 61.8% another up move will happen soon.
- Price falling more than the golden ratio(61.8%) will be negative for dollar.
- US Dollar has violated its 200 SMA.
- Euro has closed below its 200 SMA soUSD may continue to rise.
- EURUSD if sustains below 200 DAY sma will favor bears of this pair in the medium term.
- US Dollar too is testing its 200 DAY SMA.
- If this path continues we might see major trend changes for EURO and US DOLLAR.
- It seems USD may stop only at its 200 DAY SMA.
- Last attempt to cross 200 SMA resulted in a sell off.
- We have to see how price behaves at this level this time.
- US Dollar is moving towards a resistance line and its 200 Day sma in daily chart.
- first hurdle for dollar will be the resistance line. If price closes above it then it may test its 200 Day SMA.
- EURUSD showing bearish price action.
- US dollar is showing bullish price action.
- If this move sustains then its no good news for stock markets.
- Its a descending triangle in US Dollar.
- Price is also staying below its 100 and 200 SMA.
- Breaking below 73.51 will be negative for US Dollar.
- S&P 500 WEEKEND UPDATE
- US Dollar daily chart is testing its support level at 73.515
- If daily candle closes below this level then the next support is at 72.860.
- At 76.50 US Dollar has hit the weekly resistance line.
- For further up move to happen price has to break the resistance line and close the week above this level.
- But for now resistance line seems to be strong.
- DOW JONES ANALYSIS AFTER CLOSING BELL
CHART-V
- If stays within the up trending channel in the four hour chart us dollar will continue to move up.
- Weakness will be seen only if the channel gets violated.
CHART-IV
- US Dollar has crossed 79 and 79.58 levels.
- Index has also pulled away from 50 DMA .
- Sustaining above 79.58 should take it above 80
CHART-II
- USD is getting resisted at 79.
- Up move will be possible only if price breakout above this level.
CHART-I
- US Dollar index Four hour chart shows price breakout from a channel.
- If trades above 79 will target the recent high.
- Price also broke above the 50 moving average in four hour chart. Recent high of 79.58 may act as resistance in case price move above 79.
- DOW JONES CHART WITH CLOUD RESISTANCE
- US Dollar index violates the trend line in hour chart.
- The up trend in hour chart is still intact. Only if the hour starts trading below 78.50 the up trend in hour chart will be challenged.
- The break of the trend line shows weakness in chart but if price breaks out above the resistance line in red the up move will continue.
- Resistance for the index is at 79.58 and support at 78.50
WEEKLY CHART OF USD
DAILY CHART
DAILY CHART
- First chart is the Weekly line chart with trend line and resistance line drawn at 79. The supporting trend line was violated recently but price did not sustain below the trend line for too long and came back above it.
- There is a broadening bottom pattern which is developing in daily chart. If this gives a breakout then dollar may start moving up fast. 79 is what the dollar need to close above for moving up.
- Price is finding resistance near the 50 DMA. If price breaks and sustains above this level that can trigger a reversal in dollar.
- Staying below the 50 DMA and closing below the weekly trend line can give fresh lows for US Dollar.
- DOW JONES WEEKEND UPDATE
