Simon_says

DXY 1W - Elliott waves - update

TVC:DXY   Indeks Mata Wang US Dollar
Decided to make an update on my last plot of DXY             from 24th Aug '17 (chart below).

So far, everything looks good!!

We are still in F -> G move I'm expecting price continue to move up until December 2017.

Reasons for that: in short-term Trump will announce new Fed chair, in long-term expectations of FED to hike rates by 25bp.

XAUUSD             ( gold             ) will trade in opposite direction as DXY             , it means XAUUSD             will move down until rate hikes.

Expecting XAUUSD             to move strongly up next year, while DXY             will go south G -> H move.

Perdagangan aktif
Perdagangan aktif: Let's wait for FOMC and interest hike! From that time DXY will go down and XAUUSD will move north.

Rate hike odds are 90-100% depending on website you check:
http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html/
https://uk.investing.com/central-banks/fed-rate-monitor
Perdagangan aktif: Everything is going on as expected, XAUUSD up and DXY down.
Perdagangan aktif
Perdagangan aktif
Perdagangan aktif
Perdagangan aktif
So now still LONG?
+1 Balas
@rafalo,
You're a bit too late, soon DXY will reach top, I would rather await for FOMC meeting.

There is very high % for FED to hike rates http://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

That in turn will cause DXY to move down (G -> H) and XAUUSD will go up.
Balas
rafalo Simon_says
@Simon_says, I don't want to jump now. Just Yours "Trade Active" is not clear for me. I would like to wait for XAUUSD bottom as I think that going long in XAUUSD is much safer than be short...
+1 Balas
@rafalo,
"Trade active" means my analysis is still valid but you need to take in consideration time frame.
Balas
u view same my view in collapsing , very excellent
+2 Balas
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Laman Utama Pengimbas Saham Pengesan Isyarat Forex Pencari isyarat mata wang Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar