USDollar Monthlies EOD
This is a Trade Idea using 55-weeks Bollinger Bands of two...one...0.618 deviations from a 55-period SMA of Typical (H+L+C)/3 price.
Now, the bias is either Bullish or Bearish. There can also be an immediate bias, such as Sell Spikes or Buy Dips, depends how you like it.
The deviations of Price from a Moving Average are just measured in Fib. numbers acting as Support/Resistance or Stop/Target.
So, if you're Bearish you can Sell Stop to 99 and Target 92 || now@95.50 in late September 2016.
If you're Bullish you could always either buy now or wait for a dip lower but, how low?
Seems to me that, the following scenario is most lucrative:
1) U. S. Dollar Index, M, Index dxy forms an expanding triangle between the green and yellow lines (1.618 and 2.618 Stdevs of the SMA(periodicity) between September and November Election, FOMC decision and expectations for 2016 year-end.
1.a. note on periodicity: given a timeframe, i.e. Daily, or another one you like, i.e. 30-minutes, or 5-minutes, or one minute, or tick, wherever you get your data then, said time-frame will demonstrate and draw either a Bullish or Bearish picture better with increasing timeframe size or decreasing.
In other words, dxy is now at one Standard deviation from its 4.5 to 5 years average.
We are now in September 2016, 4 years and 7-8 months ago was the end of Summer was lateWinter/earlySpring 2012 so now, remember what happened then and sell Targeting the lower 90s with Stop above 100. Or, Buy if you agree that there is more value in the U.S. Dollar than in all the other currencies of the world or whatever components are used in this Index.
As far as the Fibbed B.Bands are concerned they work in the following way
1.b. DXY is a weighted geometric mean of
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
1.c. looking at 12 period Fibbed B.Bands and Quarterly Volume
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
...and I.C.E. has the exclusive right to change it. Now, if we were to make our own Dollar index and observe its behavior within the Fibbed B.Bands we could in the following way:
Step 1. (EURUSD+(1/USDJPY)+GBPUSD+(1/USDCHF)+(AUDUSD+NZDUSD+1/USDCA)/3)
Step 2. The previous step is too complicated, lets take a look at EURUSD+1/USDJPY+GBPUSD
Now, the bias is either Bullish or Bearish. There can also be an immediate bias, such as Sell Spikes or Buy Dips, depends how you like it.
The deviations of Price from a Moving Average are just measured in Fib. numbers acting as Support/Resistance or Stop/Target.
So, if you're Bearish you can Sell Stop to 99 and Target 92 || now@95.50 in late September 2016.
If you're Bullish you could always either buy now or wait for a dip lower but, how low?
Seems to me that, the following scenario is most lucrative:
1) U. S. Dollar Index, M, Index dxy forms an expanding triangle between the green and yellow lines (1.618 and 2.618 Stdevs of the SMA(periodicity) between September and November Election, FOMC decision and expectations for 2016 year-end.
1.a. note on periodicity: given a timeframe, i.e. Daily, or another one you like, i.e. 30-minutes, or 5-minutes, or one minute, or tick, wherever you get your data then, said time-frame will demonstrate and draw either a Bullish or Bearish picture better with increasing timeframe size or decreasing.
In other words, dxy is now at one Standard deviation from its 4.5 to 5 years average.
We are now in September 2016, 4 years and 7-8 months ago was the end of Summer was lateWinter/earlySpring 2012 so now, remember what happened then and sell Targeting the lower 90s with Stop above 100. Or, Buy if you agree that there is more value in the U.S. Dollar than in all the other currencies of the world or whatever components are used in this Index.
As far as the Fibbed B.Bands are concerned they work in the following way
1.b. DXY is a weighted geometric mean of
Euro (EUR), 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP), 11.9% weight
Canadian dollar (CAD), 9.1% weight
1.c. looking at 12 period Fibbed B.Bands and Quarterly Volume
Swedish krona (SEK), 4.2% weight
Swiss franc (CHF) 3.6% weight
...and I.C.E. has the exclusive right to change it. Now, if we were to make our own Dollar index and observe its behavior within the Fibbed B.Bands we could in the following way:
Step 1. (EURUSD+(1/USDJPY)+GBPUSD+(1/USDCHF)+(AUDUSD+NZDUSD+1/USDCA)/3)
Step 2. The previous step is too complicated, lets take a look at EURUSD+1/USDJPY+GBPUSD
Penafian
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