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.
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