Dollar-Index-DXY

Dollar-Index-DXY – Bearish Corrective Minute B – Bullish Retracements:
GOLD | SILVER | EUR/USD | GBP/USD

Dollar-Index-DXY bounced off the 91.00 Levels as per our previously posted “USD Reversal – Metals Correction – FX Majors Weaker” analysis.

At this stage Dollar-Index-DXY Wave Count is suggesting that a Pull-Back would be expected in Minute B (blue), after the final Bullish move would complete for Minuette (C) (orange), so that Minute A (blue) would complete its Cycle.

Minute A (blue) would be expected to end its Cycle at or around the Double Top highlighted, with a confirmation from a Bearish Divergence.

Dollar-Index-DXY – Daily Chart (picture):

Dollar-Index-DXY – 2H Chart (picture):

Dollar-Index-DXY – 2H Interactive Chart:


Positions & Limit Orders:

GOLD (XAU/USD) 2H Chart (picture):

GOLD – BUY Position:

  • Entry – 1265.00
  • SL – 1245.00 or 1230.00
  • Targets – 1295.00 / 1310.00 / 1325.00 / 1340.00

GOLD (XAU/USD) 2H Interactive Chart:


SILVER (XAG/USD) 2H Chart (picture):

SILVER (XAG/USD) – BUY Position:

  • Entry – 16.40
  • SL – 16.10 or 15.90
  • Targets – 16.90 / 17.30 / 17.50 / 17.80

SILVER (XAG/USD) 2H Interactive Chart:

EUR/USD 2H Chart (picture):

 

EUR/USD – BUY Positions:

  • Entries – 1.1660 & 1.1600
  • SL – 1.1580 / 1.1530 / 1.1460
  • Targets – 1.1780 / 1.1880 / 1.2000 / 1.2100

EUR/USD 2H Interactive Chart:


GBP/USD 2H Chart (picture):

GBP/USD – BUY Position:

  • Entry – 1.3200
  • SL – 1.3000
  • Targets – 1.3400 / 1.3500 / 1.3650 / 1.3800

GBP/USD 2H Interactive Chart:


USD/JPY 2H Chart (picture):

USD/JPY – SELL Position:

  • Entry – 113.50
  • SL – 115.00
  • Targets – 111.00 / 109.70 / 108.50

USD/JPY 2H Interactive Chart:


USD/CHF 2H Chart (picture):

 

USD/CHF – SELL Position:

  • Entry – 0.9800
  • SL – 0.9880
  • Targets – 0.9660 / 0.9570 / 0.9500

 

USD/CHF 2H Interactive Chart:

Safety Measures & Tips:

  • When in the green, moving SL to break-even or in profit.
  • Looking for a Bearish Divergence on DXY at the completion of Minuette (c) (orange).
  • Watching the reaction at 20 Levels where there is a possible Double Top.

Many pips ahead!

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