Hi Folks,
I currently see DXY gaining momentum, with a potential retest of 2001's highs.
As we are currently getting through 0.5 of Fibonacci, we may get a strong upward impulsive move confirming the idea.
I've noticed a clear double bottom(on a monthly TF) which, as well, is currently confirming the trend.
Indeed, a strong DXY will affects the majority of the pairs like GBPUSD, EURUSD, etc, were we may will find a good opportunity for going Short.
If you have any ideas or comment please write it below,and thanks for reading :)
I currently see DXY gaining momentum, with a potential retest of 2001's highs.
As we are currently getting through 0.5 of Fibonacci, we may get a strong upward impulsive move confirming the idea.
I've noticed a clear double bottom(on a monthly TF) which, as well, is currently confirming the trend.
Indeed, a strong DXY will affects the majority of the pairs like GBPUSD, EURUSD, etc, were we may will find a good opportunity for going Short.
If you have any ideas or comment please write it below,and thanks for reading :)
Trade active:
Good starts of the week Folks,
As seen last week DXY is currently taking through a major resistance, holding momentum despite a daily retracement on Thursday 14th just below 100(99.57).
Afterward we can see a strong impulsive move back over 100 level which, from my point of view, confirms the willing for DXY to keep his strong momentum throughout resistance level.
Also, we can see a continuation of downtrend on major pairs (EURUSD especially, and GBPUSD) which again confirms a strong DXY.
Said that, this week I am aspecting US dollar index to break through resistance, giving us a strong signal of uptrend continuation toward fresh new highs for the current year, looking at possible(indeed) retest of higher resistance's levels.
Once again thank you for reading, and if you have any idea or opinions please write it down in the comments :)
As seen last week DXY is currently taking through a major resistance, holding momentum despite a daily retracement on Thursday 14th just below 100(99.57).
Afterward we can see a strong impulsive move back over 100 level which, from my point of view, confirms the willing for DXY to keep his strong momentum throughout resistance level.
Also, we can see a continuation of downtrend on major pairs (EURUSD especially, and GBPUSD) which again confirms a strong DXY.
Said that, this week I am aspecting US dollar index to break through resistance, giving us a strong signal of uptrend continuation toward fresh new highs for the current year, looking at possible(indeed) retest of higher resistance's levels.
Once again thank you for reading, and if you have any idea or opinions please write it down in the comments :)
Trade active:
Hi Folks,
We should finally get a correction this week around 106,as DXY its losing steam after last weeks of new yearly highs.
I am expecting to see a nice fake out happening, also confirmed by last week major currencies movements,where majors ones like EUR and GBP created a nice bottom preparing the way to new reversal and taking a long breath from DXY pressure.
Obviously,on a long term view is still clear where US dollar is heading to,and patience will give a fair reward for it.
I wish you all a great start of the week (even if for many of you the actual week will starts from tomorrow).
If you wanna share any ideas or comments please do so in the comments below :)
Also if you agree with what you are seeing give a like or share!
Thank you for reading :)
We should finally get a correction this week around 106,as DXY its losing steam after last weeks of new yearly highs.
I am expecting to see a nice fake out happening, also confirmed by last week major currencies movements,where majors ones like EUR and GBP created a nice bottom preparing the way to new reversal and taking a long breath from DXY pressure.
Obviously,on a long term view is still clear where US dollar is heading to,and patience will give a fair reward for it.
I wish you all a great start of the week (even if for many of you the actual week will starts from tomorrow).
If you wanna share any ideas or comments please do so in the comments below :)
Also if you agree with what you are seeing give a like or share!
Thank you for reading :)
Past week we've seen DXY holding momentum,with a monthly closing which keeps confirmation of long term trend sentiment. We've also seen another major drop on top fiat currencies as EUR and GBP, who both recorded new 2022's Lower Lows,looking at decisive retest of previous supports,on both currencies, based on 2020's Lows.
For this week we may start seeing DXY losing some steam ,leaving breath to overall FX and commodities market.But not before reaching important key level at 104.7/105, where we will get more understanding ,on the short term, which direction volatility will takes to .
Thank you for reading,for any ideas or opinions please write down in the comments :)