These are Ichimoku key levels. The Dollar Index has gone down for some days so it seems to be retracing.
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
higher highs lower lows, imbalance to fill, for the rest of the week usd will be strong, break of structure,
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...
This week we are dealing with the following news moments: Tue Feb 7 AUD Cash Rate AUD RBA Rate Statement USD Fed Chair Powell Speaks CAD BOC Gov Macklem Speaks Wed Feb 8 USD FOMC Member Williams Speaks Thu Feb 9 GBP Monetary Policy Report Hearings Fri Feb 10 GBP GDP m/m CAD Employment Change CAD Unemployment Rate USD Prelim UoM Consumer Sentiment Here are...
The US Dollar (DXY) is holding steady after robust US Jobs data on Friday’s NFP announcement. An upward surprise in the Jobs data sent Us Treasury Yield soars and the market anticipates further interest rate hikes from the US Fed. Non farm Payrolls Data came out at a surprising 514k new added jobs vs an expectation of 185k. Gold (XAUUSD) experienced a sell-off on...
Dollar Index - Expect a little pullback. This is a counter trend trade. The overall trend has turned bullish based on the structure on the higher timeframe
Lots of similarities here on MACD, RSI and pattern back in 2000... Long shot but something to support bullish rebound on the dollar.
After the TOTAL Crypto Marjet cap chart I just posted, which shows possibility of a 2 month cooling period, I thought it would be an idea to show why this MAY happen DXY has a long term habit of rising around 27% and then pulling back aroun 10-12% then rising again for 2 months or so and then dropping further and we may well be in that zone now after the...
Here is the possible scenario for DXY in upcoming days and weeks. If we see a break out of the down channel and important blue line we can expect the possible fulfillment of daily FVG which can be a sign of the end of this bear market rally for stocks and Crypto.Let’s see how its gonna play out…always a student!
Long term DXY chart for perspective on what is possibly in the works. I believe this is an accurately drawn channel based on fib conformation. Are we about to embark on a trip to new Dollar highs? As you can see we've recently bounced off the .62 channel retracement which nicely coincides with the channel median line. At the very least I think we are now...