It's time for A Dollar story !
2022 will be amongst the years of many other Ballads to speak about The World's Reserve Currency .
$DXY rocked on vertically throughout 2022 due to Fed's Policies increasing interest rates trying to bring inflation down, while it's ascend started back in May 2021.
It's been hell of a journey tracking $DXY since Covid-19 Health Crisis
It's been one of my most observed and worked charts in @TradingView .
And it should be, even for you !
Tracking $DXY candlesticks printing on various timeframes, combined with major news of Federal Reserve and other Macro-Economic events which move the markets direction, will help to guide you and pair you with such a strong edge when it comes to playing Financial Markets safe and understanding them.
If one takes heed of $DXY signals and stays in touch with news events, he/she will be a survivor and a winner on this game.
Currently $DXY is sitting at a serious 'Make or Brake' place, but that is reserved for the next idea coming out.
With 2023 entering on a positive note regarding price action of other Financial Markets sector, $DXY is currently on a down trend coming from a huge rally throughout 2022 .
(a downtrend which may be very well a 'correction' phase on the bigger picture of 2023)
Q1 of 2023 will definitely be interesting not only for the current place $DXY sits at, but for other charts as well.
As $DXY sits on Supports, other Markets face Resistance
Will $DXY jump from here on Q1 !
Or will it Break ?
Feel free to express your views
Until the next one;
TRADE SMART
TRADE SAFE
Note that this is not Financial Advise !
Please do your own research before investing any of your hard earned money in Financial Markets
2022 will be amongst the years of many other Ballads to speak about The World's Reserve Currency .
$DXY rocked on vertically throughout 2022 due to Fed's Policies increasing interest rates trying to bring inflation down, while it's ascend started back in May 2021.
It's been hell of a journey tracking $DXY since Covid-19 Health Crisis
It's been one of my most observed and worked charts in @TradingView .
And it should be, even for you !
Tracking $DXY candlesticks printing on various timeframes, combined with major news of Federal Reserve and other Macro-Economic events which move the markets direction, will help to guide you and pair you with such a strong edge when it comes to playing Financial Markets safe and understanding them.
If one takes heed of $DXY signals and stays in touch with news events, he/she will be a survivor and a winner on this game.
Currently $DXY is sitting at a serious 'Make or Brake' place, but that is reserved for the next idea coming out.
With 2023 entering on a positive note regarding price action of other Financial Markets sector, $DXY is currently on a down trend coming from a huge rally throughout 2022 .
(a downtrend which may be very well a 'correction' phase on the bigger picture of 2023)
Q1 of 2023 will definitely be interesting not only for the current place $DXY sits at, but for other charts as well.
As $DXY sits on Supports, other Markets face Resistance
Will $DXY jump from here on Q1 !
Or will it Break ?
Feel free to express your views
Until the next one;
TRADE SMART
TRADE SAFE
Note that this is not Financial Advise !
Please do your own research before investing any of your hard earned money in Financial Markets
Trade active:
Target reached
Trading still active on to the upside for $DXY .
Exciting upcoming week ahead for The Dollar Index.
A week which will decide the fate either to the upside or downside ;
South or North
Bulls or Bears
Here we go !
Target reached
Trading still active on to the upside for $DXY .
Exciting upcoming week ahead for The Dollar Index.
A week which will decide the fate either to the upside or downside ;
South or North
Bulls or Bears
Here we go !
Comment:
Comment:
With BRICS on horizon,
things are not looking as promised for $DXY
TA SPEAKING
BRICS Supports
- Double x2 Bottom pattern at 100.8
- 0.5 fibb Zone 99.5
BRICS strenght would put $DXY and 90-ish zone
BEWARE
With BRICS on horizon,
things are not looking as promised for $DXY
TA SPEAKING
BRICS Supports
- Double x2 Bottom pattern at 100.8
- 0.5 fibb Zone 99.5
BRICS strenght would put $DXY and 90-ish zone
BEWARE
Comment:
DXY
-Room for Growth (update)
Strong Resistance Zone coming for The Dollar Index to face at 105.5
0.618 (Golden Zone) of Macro Fibbonacci retracement taken from the Lows of Pandemic
DXY
-Room for Growth (update) Strong Resistance Zone coming for The Dollar Index to face at 105.5
0.618 (Golden Zone) of Macro Fibbonacci retracement taken from the Lows of Pandemic
Positive Q1 ?