Curently we got a bounce after breaching the support of the .5 fib. We got a rally off that break Howver looking at the downtrendinf channel we still are within that and this recent pump just brought us back to that reistance at 104 This can get going but in my veiw I’d want to see another pull back to retest the .5 fib and reconfirm as support. It’s...
hit the play button.... bearish divergence or something.
Observations and key trade times. Why do people trade session open times? Price is too volatile and you can get the direction wrong more often than not. Waiting for the lull stops any doubts you might have to get in line with the market and its true direction, use it as a confluence almost.
Hello dear Investors, Traders and of course Beez! Quick TA update on DXY coming right through your way kindly provided by CryptoQueens! DXY: It is ranging inside Triangle Pattern. Mot definitely breakout to the upside! In addition, Flat Divergence has been formed in correlatio to price. Next Resistance - Bearish 4hr Orderblock highlighted in the chart...
The Dollar Index hit yesterday the 1day MA50 after it first started its long term downtrend and today the price reached the top of the Channel Down pattern. So far the price is reacting in the expected technical way, a rejection at the top. As long as it holds, it is a perfect sell entry. Expected target a -4.25% fall at 99.600. Follow us, like the idea and...
Despite the dollar (DXY) strengthening, the cryptocurrency market showed resilience and held about the same level after the release of good data on Non Farm Payrolls statistics for DXY and bearish data for cryptocurrency market. 👉But now the DXY dollar index has reached a resistance level and rolled back 61% Fibonacci from the recent decline, and the momentum of...
DXY Printing Some Bearish Divergence! Keep an eye on this! J Powell is speaking soon so expect some Volatility... <--- Speech at 9:40A PT / 12:40P ET <--- Good Luck Out there Peeps!
should i stay or should i go ... messing about at a key level imo 103.2 stoch has room to go down on the flip side bouncing from 200 ema and stoch could turn back at mid range either way 107 is on the cards imo where i'd look for a deviation above it breakdown back is a short to 89 :) gut saying time to preserve capital , greed saying let positions run...
The Dollar Index (DXY), a measure of the US dollar against a basket of major currencies, appears to be forming a sell setup. Thank you for your support !
HI TRADERS,As I expected, the trend is from the100 range,mentioned in the previous analysis. It has been accompanied by a positive reaction. As you can see, now the important resistance is 105 and in case of stabilization above the range of 105, we may see growth up to the range of 107/108. ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to...
The dollar is still bullish on HTF but we reached a premium level so we are anticipating a retracement today to seek a fair value or a daily discount Lows of today are suspected Intra Week lows also are not in safety from Mr. Powel's superpower.
If the price breaks below the swing low then we can expect the price to be short-term bearish.
The recent price action on the DXY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bearish one and I think we will see the price go down. ❤️ Please, support our work with like & comment! ❤️
Another bear flag puked out by the softest money on Gods Green Earth.
The dollar is approaching some strong resistance after a harsh sell off. Will the down trend continue or is there room for a potential break out? Currently biased to the downside, looking like a similar distribution pattern as seen not too long ago.
The dollar pair is striving to correct the downward trend. After the strong jobs report and higher interest rates. However, inflation is still high, so will the dollar continue its climb to 116 levels? Will the US Federal Reserve's monetary policy makers continue to raise interest rates? And ignore the public debt ratio? Or will we see the dollar at 99.371 levels
Confirmed bullish breakout of a key level on DXY. Watch & learn what to expect from the index next. Structure analysis & price action analysis included. ❤️Please, support my work with like, thank you!❤️