DXY has been dropping for a good while now and I expect the price of DXY to drop more in the coming months to atleast 91.00 and then drop more, you can see my other analysis with my prediction of it reaching 88.50 area. This will mean more upside for Gold & Eur/Usd & Gbp/Usd & Aud/Usd,
Usd/Jpy is not moving along as i would expect so I dont correlate it anymore to Gold or Usd
Safe trading!
Bình luận
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And also there's a gap on the date: 11-09-2017 at the price 91.38 and it looks like its heading down to fill that gap.
I long in all of those currently, here's hoping it continued for a while yet! Nice analysis!
SneakyDoob
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beautifully done. yeah its been a little wild recently the correlation. iv been ignoring for a little while now also, just sticking to gold alone.
RedMinus
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@SneakyDoob, when Usd dropped i expected Usd/Jpy to drop too but it did not, when that happend I knew I could not trust it anymore to correlate it with Gold or Usd, what I'm doing now is correlate Aud/Usd & Usd to Gold and that works much better!
Aud/Usd up = Gold up
Usd down = Gold up
Vice Versa*
SneakyDoob
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@RedMinus, sounds interesting, il have to check it out. Iv not been trading so much recently just been watching gold. I kind of ignore everything else now, im more interested in the cryptocurrencies at this moment in time.
jeffreyjim
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----------- "U.S. Dollar Index" --- Starting Date = "9-8-2017" -- Low = 91.01 --------------
---------------------------- AT THIS TIME --- Date = "1-5-2018" --------------------------------
"#1 Major Support Level" -- "IS" -- 91.01 -- "9-8-2017" -- Low
"First Major Resistance Level" -- "IS" -- 94.22 -- "12-12-2017" -- High
"Second Major Resistance Level" -- "IS" -- 95.15 -- "10-27-2017" -- High
------------------------------- "MORE TO COME SOON" -------------------------------------------
===========================================================================
----------------------- "THE BIG PICTURE" ------ (As -- "I" -- See It) ---------------------------
---------------------------------- This Is "MY" Opinion Only --------------------------------------
===========================================================================
------ "Elliott Wave Counts" --- Starting Date = "March, 2008" -- Low = 70.70 -----------
#1 = A very "Large" --- "A-B-C" --- "Bear Market Rally" --- "Start" -- to -- "Finish"
----- Starting Date = "March, 2008" Low = 70.70
----- Ending Date = "January, 2017" High = 103.82
--------------------------------------------------------------------------------------------------------
"WAVE" -- "A" -- Starting Date = "March, 2008" -- Low = 70.70
-------------------- Ending Date = "March, 2009" -- High = 89.62
---------------------------------------------------------------------------------------------------------
"Wave" -- "B" -- Starting Date = "March, 2009" -- High = 89.62
------------------- Ending Date = "May, 2011" -- Low = 72.70
---------------------------------------------------------------------------------------------------------
"Wave" -- "C" -- Starting Date = "May, 2011" -- Low = 72.70
------------------- Ending Date = "January, 2017" -- High = 103.82
===========================================================================
A New Very Large Down Move Started On -- "January 3, 2017" -- High = 103.82
This Down Move -- "Should" -- Take Out The -- "March, 2008" -- Low = 70.70
In A Few Years. --- "66.7%" -- Chance or Better This Will Happen.
The Only Thing That Will Prove This Wrong Is The January, 2017 High 103.82
---------------------------------- "MUST BE TAKEN OUT FIRST" -----------------------------------
============================================================================
---------------------------------- "More To Come Soon" --------------------------------------------
============================================================================
This "Is Not" a recommendation to buy or sell Anything.
This is for information only. --- "Education Only"
============================================================================
"One Eye Jim"
RedMinus
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@jeffreyjim, Nice analysis! I'm curious to see if your analysis will work out!