On the 15 M Chart for the day we are seeing the greenback break out of the descendi trangle wedge to the upside at 104.700. The market is still waking up from the weekend's pause so there are no major movements to give us clear indication that this continuation will sustain itself other than liquidity sweeps from the previous weeks. I am keen on seeing this...
Good morning traders. 🥳 Hope you all had a great weekend and ready for the week ahead. A quick glance at the charts this morning and the dollar has reset back to the POC levels it entered last week with and on the 12 hr we can see that we are now forming a descending triangle which means that if we break above 105.000 we could see a continuation to the upside...
DXY is currently trading within an expanding channel. A potential reversal could occur if the price manages to break out bullishly from this structure and surpass the identified consolidation zone. However, if this breakout does not happen as anticipated, we might see a further decline or an extended period of consolidation.
I expected TVC:DXY to dive to 97 before this because I didn't think the BOJ could hold on this long. I guess we need the dollar to go higher to make the BOJ to dump treasuries so the FED can cut rates and metals can hyperinflate. TVC:DXY is bull-flagging and TTM squeeze is ready on EVERY TM! That means a huge slam for gold is coming up...
Not my favorite timeframe, 4H, too low for me but the risk reward is good and I think the dollar is going down anyway. I'm already shorting the dollar with AUDUSD pair. I see a lot of resistance above it might false break up so adjust your SL to trigger only if a 4H candle closes above the resistance area.
Hello Traders ! On Wednesday 22 May, The Dollar Index reached a resistance level (105.123 - 104.915) and failed to break it! Let's expect the bearish scenario: If the price breaks and closes below the higher low We will see a bearish move📉 ------------- TARGET: 104.210🎯
The tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first...
Today's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move...
hello everyone, DXY has been bullish with all the positive USD news.. at the moment dxy reached the resistance level the price can either pull back to 1st or 2nd support depending on the market.. buyers can kick in since all pairs are falling against USD (mostly all major pair).. so far there is no confirmation on price being bearish... price need to break below...
Selling USDSGD here, price is at supply. Only issue with this trade is price dipped into weekly demand. However, I'd expect price to retrace back into the demand before firing up to weekly supply.
🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
We expect the euro to decrease against the dollar according to the chart
This is my view of gold. The analysis fails by closing below 1850 GOLD/USD
Based on the chart, here are the reasons why I would consider buying the dollar index: Uptrend Resumption: The dollar index has been in a steady uptrend since the beginning of the year, and after a brief correction, it appears to be resuming its upward trend. Buying into this momentum could be a profitable strategy. Support Held: The index has bounced off a...
due to various uncertainties and market turmoil us economy is facing major challenges, today market is going to spectate 4 major FOMC members speech and market expects major volatility. with the us dollar fluctuations the market also faces challenges in volatility of usd pairs especially xauusd. dxy major support and resistance are given in the chart...
Scenario 01 : if the Federal Reserve raise interest rates : Probability of this to happend is lower in my opinion but could happend somehow 1. *Dixie (USD Index):* Typically, when interest rates rise, the value of the dollar strengthens. This is because higher interest rates attract foreign investment, increasing demand for the dollar. So, the Dixie would...
short term bullish, late summer / autum bearish. expecting a run to 10549-106 region before a decisive move, possibly to the low 102 region.
USDx looks bullish for the coming week, all xxxUSD will short, get ready for the wave!