PITCHFORK - US Dolar Index (High Probability - Bearish) Q3 2019
Market Opportunities for 2019
The US Dollar Index (DXY)
US Dollar Index Analysis (DXY) for Q3 2019
This long-term move is based on Andrews's Pitchfork Analysis Technique
where we can see the price is right on the Upper Line (Resistance) and will make 'Retest' and according to Pitchfork rules
1. High probability of Reversal on the Upper Line
2. 'Consolidation' Upper Line (Strong Resistance)
2. If reversal high probability moving towards the Median Line
3. Price will make 'Correction' or retest in the Median area
4. High probability of breaking Median to Lower Line
5. Bearish 'ABCD' expectation pattern forming
This analysis can also be combined between the US Dollar Index (DXY) and Foreign Currency (Major Pair) as a guide for trading
(DXY) based on price pitchfork rules that are on the Upper Line (High Probability to fall in the near future in this area!) If YES, this also indicates the weakness of the US Dollar
How can a Trader benefit from this analysis?
1. Make this Index a guide for the strengths / weaknesses of the US Dollars
2. Fall of expectations -1300 points (Upper to Lower)
The US Dollar Index (DXY)
US Dollar Index Analysis (DXY) for Q3 2019
This long-term move is based on Andrews's Pitchfork Analysis Technique
where we can see the price is right on the Upper Line (Resistance) and will make 'Retest' and according to Pitchfork rules
1. High probability of Reversal on the Upper Line
2. 'Consolidation' Upper Line (Strong Resistance)
2. If reversal high probability moving towards the Median Line
3. Price will make 'Correction' or retest in the Median area
4. High probability of breaking Median to Lower Line
5. Bearish 'ABCD' expectation pattern forming
This analysis can also be combined between the US Dollar Index (DXY) and Foreign Currency (Major Pair) as a guide for trading
(DXY) based on price pitchfork rules that are on the Upper Line (High Probability to fall in the near future in this area!) If YES, this also indicates the weakness of the US Dollar
How can a Trader benefit from this analysis?
1. Make this Index a guide for the strengths / weaknesses of the US Dollars
2. Fall of expectations -1300 points (Upper to Lower)