The Fed hasn't changed their narrative on getting inflation back to 2% at all costs, because inflation has been dropping the market is trying to front run the fed in anticipating a pivot on interest rates. However as J Powell has said countless times over and over again, the Fed's priority is to restore price stability at all costs. This means they are willing to...
SURE THE DXY WILL CONTINUE TO GO UP… HOWEVER EACH TIME ITS HIGH IS NEVER A HIGHER HIGH… PRINT MORE MONEY A GANN STUDY DCA SAFELY Be safe don always FOMO into the markets don’t over leverage it will slow down the markets.
Hello friends, if you have seen my previous DXY analysis
You would have noticed that we were already thinking about supporting the dollar
Well, the dollar has broken a good resistance zone
But now I think you should make a corrective move to the green area because it can go up again from there.
Hello traders,
Today I'm sharing with you my general analysis about DXY .
As we can see in the chart, after the peek the price made a corrective wave and breakdown forming bearish wave with lower lows and lower highs!
During the bearish wave I found that the momentum indicators started to show divergence on 4 hours, 1D time frame.
Till the price found the...
Hello traders, we want to check the chart of the dollar index. In the 1-hour time frame, the price has been able to break the resistance level of 103.300 and 103.400. Considering the strength of the market movement, if the price can reach around 103.300 and also The upward trend line returns is a good point to enter the trade and the next target that can be...
Self Explanatory. Couple congress and senate/traders saw the risk rallies and called in the Spy Balloon to save the day. I think I hear an afterburner approaching to take this duck out of the sky.
When the US dollar price goes up, it means that the value of the US dollar has increased relative to other currencies. This can occur due to various factors, including increased demand for the US dollar, a stronger US economy, or lower interest rates in other countries. A rising US dollar price can have both positive and negative effects on the economy. On one...
If DXY beats this Weekly level we can see 110
Noticing the fakeout brake of the 103 and majority of people shorting the dollar and longing EURUSD at 1.10
Following a strong NFP last week the $ is looking strong, due to this I see this being the moment for the long over due pullback. I do not believe it will continue with the bullish run quite yet, if anything I see this remaining bearish for the foreseeable future but lets see what happens after we hit the bottom of the channel. but for now we are bullish. Watch...
My personal take is that many traders and investors alike are mistaking Fed to pivot right after they finish hiking to 5.1% ( that is if they even keep it at 5.1% and not raise it higher). Fed Chairman Powell have said multiple times that they are going to hold rates at its level until inflation fall back to 2%. If the action of pausing rate hikes is a pivot then...
In the middle of October I suggested to short the dollar in this post:
Unfortunatley didn't have time for an idea to post. A few days ago I closed the short positions , and now I think it's very possible the dollar will print a rally in the following days.
The FED's rate hiking cycle pushed the dollar above 114 in the summer, but in October the market started...
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 103.4 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
I think I've identified this Adam&Eve pattern and drawed that trendline around 8 months ago.... last week price retested the same trendline and seems to be bouncing. That's the magic of TA!
About DXY: it's going up, the first move was already as high as the EVE curve, I'd expect it to reach that high again but I wouldn't know if it'll rip over it. If this...
