"After the sharp decline in the US dollar index due to the recent employment data and unemployment rate, we are facing an important event, which is the inflation data. If the data comes in high, this will be a shock and surprise to the market, and the index will rise again above 106. The second scenario is a decrease in inflation, which is possible at the...
This morning we're seeing the Dollar going down due to the Unemployment Claims news. Will the Dollar continue his Downtrend? Levels taken from Forex Factory: Unemployment Claims Actual: 231K Forecast: 212K Previous: 209K References: www.forexfactory.com www.reuters.com
We are in first week of April , We have to wait for bias ow decide move. just one thing is interest for me, The external liquidity is ready for purge and we are at internal liquidity .
- DXY is busy slowly rising into a EWP B wave correction that will reverse down into a sharp C downward to 100 or less, supporting our thesis on the coming upside in broader risk assets. - Global liquidity is also concluding a EW Falling Wedge Pattern that is expected to see a sudden exponential increase in liquidity in the coming days/weeks, which is inversely...
Dxy(dollar strength) after a pullback in respect to the manipulated unemployment claims ... the moment tum starts to build ... from the price 104.700's ,swift movement to 105.900's is now being expected in the NYS . Follow for more insights , comment , boost and follow
The DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session. The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the...
Im looking to get heavily long on the USDX when my rectangle is filled, the targets are as listed on the chart.
General bias on dxy is strong and will continue to take out buyside liquidity
Looks like the dollar and yields are correcting. This could definitely give risk a buying opportunity as long as DXY is headed to $100-101. Since November 2022 DXY has been consolidating in a range between $99-108. The bull case shows DXY breaking out of a bullish flag while, the bear case shows an ABC correction. Until this range is broken its best to trade...
1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.
And I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as...
It is expected that the current uptrend will end in the specified resistance ranges and a trend reversal will be formed. If the index crosses the level of 78.6%, the upward trend will continue
After reaching a peak of 106.50 on a short-term chart, DXY traded within a broad horizontal range on a 4-hour timeframe for an extended period. However, the lower boundary of this range was breached during last week's trading session. The support level is now being retested, and we anticipate a downward movement in response to this break. We could see a...
So it appears. Will smash through the key level of 100 and onto the 94 area.. The dollar moves have massive ramifications for every financial asset , commodity & currency. lets see what it gives us.
Please pay special attention to the very accurate trend, channels and colored levels. Be careful BEST MT
US DOLLAR keeps hiking amid fed rate cut alerts due to inflation gifted by war in general in different places on earth. Looking at price action and dollar is warming up for the jump. the only way to reverse this is for inflation to stop hiking and dollar will face south again. prediction of this matter is quite tough and best policy is to keep going with the...
DXY< GOLD < GBPUSD analysis and account performance, Enjoy, and trade safe