chartwatchers
看多

US Dollar Index - Bullish Pin Bar

TVC:DXY   美元貨幣指數
615 4 23
We printed a bullish pin bar candlestick today which is a very bullish sign that price is reversing.
I noticed that only a few people are watching the the US Dollar Index             . If you want to be successfull you have to watch this index every day. It's more important than the EurUsd             ....

What happened exactly in the US Dollar Index             today? What was the fundamental reason that price reversed?
Funny but there was no fundamental reason for the reversal. It was a clean sentiment reversal as it always happens at the intermediate bottoms.
These movements are caused by human feelings and sentiments : fear & hope.
When we broke below 92.65 two things happened:
1. Bulls had lost all their hopes and stopped out their positions because they believed that price will fall unstoppable to the next resistance zone at 88$. These bulls are not watching cycles. Their fear destroyed them.
2. Technical bears entered into short positions below 92.65 in the hope of a great decline. They also not watching cycles. When price broke down and there was no follow through they started to close their short positions and price turned up immediately. This late in the intermediate decline it doesn't matter if price breaks down a big level. There will be no continuation of the break up or the breakdown...

So in the following weeks the dollar will rally . There is no question this bullish reversal will hold in the following days. But don't wait for price to tag the upper trendline at 100. Just forget it. And forget the dollar bull also. We will rally to 96-97$ in the following weeks and the dollar will fall below todays             low. The weak dollar will affect everything: commodities , gold             , stocks, oil             , other countries' currencies etc.

This will be the price what the World has to face for the lots of billions of printed dollars in the following years::
a WEAK BUCK.
評論: You can see the power of a bullish pin bar and the beartrap at the end of the cycle.
Patterns and indicators are worthless without the cycle analysis.
TIMING IS EVERYTHING.
snapshot
I noticed the relationship between the index and gold a month ago. However I don't know what factors drives $ index reversal. Thanks.
回覆
do you see this affecting crude oil?
回覆
Posting in 5 mins the oil chart. This big dollar reversal pushed oil into the decline a lot. I was sure in the reversal in the US Dollar Index but not this kind of key reversal...
You simply printed too much money and forgot to tell to the world...
:)
回覆
webmiztriz PRO chartwatchers
:) tx friend.. ;o)
回覆
繁體
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 優先服務 聯絡客服 發表的想法 粉絲 正在追蹤 私人訊息 在線聊天 登出