#dxy has formed a falling channel and if breaks out upside, there will be a new pump and this will be not be good for all except dollar. There' s war and the situation is ideal. NOT FINANCIAL ADVICE.
DXY took out a key low at 101 with strong reaction back up into the range established in August-September 2022. Idea: DXY will strengthen in upcoming months, pushing the risk on lower. Target for lower highs is around 50% of established range, which for fans of Fibonacci retracement tool is around 0,618-0,705 of current range. Target Price: 110-111 If we see...
DXY bounce on a demand zone, initially daily bias is in downtrend but seeing DXY respect the demand zone it obvious that its going for a liquidity hunt at 104.718. note that market is dynamic and fractal
In this update we review the recent price action in #DXY and identify the next high probability trading opportunity and price objective to target
Price used the core CPI news to take out engineered liquidity below DXY last week's lows and above XXXUSD last week's highs.
Unfortunately, we will either watch a big slaughter in the markets or relax as soon as possible, I hope this is a fakeout situation...
Weekly Time-frame Seems like we are respecting the Breakout Area or the demand zone we will see if we are able to hold this position we can expect more to the upside if this holds. We are currently in the High Volume Node in the VPVR which is a good Support. 1D Time-frame We are currently in the demand zone. which most probably will hold We are...
Weekly Time-frame Still in a bearish picture. stock market are dropping so we can expect a bearish month if this continues. 1D Time-frame It seems like in 1D TF we have a doji candle which is neutral candle close to bullish harami. Rejection area still waiting at the supply zone $43,800. Demand zone waiting at $42,600 4H Time-frame Double bottom...
Weekly Time-frame BTC pumping hard, thanks to FUD and the fear and greed index in #22 today, its the best time to pump the coin. Rejection area stays in $44,051.40 if we break this rejection area the next rejection area is in $48,803. This would make our long position in profit. We are still inside Ichimoku Cloud which is still neutral looking forward to...
from last analysis. Gold touched level 50% Fibonacci and create double top pattern. News will be published at 5:00 PM.
According to the cypher formation, up to 93.50 can be seen. If the 93.50 level is broken and hold above it, the rise becomes stronger.
H4 - After the strong bullish move currently it looks like a correction is happening. Price has reached a key support zone and is currently bouncing higher. Bullish divergence. If we get a valid breakout above the most recent downtrend line we may then consider it as a validation for the bullish view.
September low rejection 91.74. More USD buying above 92 - 92.25 zone.
Hi everyone, dolar index is making some 1h correction now, and first i expect some small drop to make new lower low in that correction, then price will push higher to make new higher high in 4h correction and confirm expanded flat, so my view on dolar is bearish, be patient traders and wish you a lot of profits :) Please fell free to comment and share your opinions!
I have reviewed many fundamental parameters and CAD interest rate is decreasing. also USD's interest rate is not changed more than CAD. THE currency pair ( USDCAD ) has broken the resistance level and it must retest it at 38.2% of Fibonacci retracement level. and then continue to rise about 1.31300 level or maybe higher ( but wait for economic data ).
Good evening traders, Quick look at DXY , the Dolar Index that represent the USD strenght against another currencies. As we can see the index is on an uptrend since last year, confirmed by 4 touches on our uptrend and now we have 3 touches on our resistance level , confirming that we have an ascending triangle . On the last 2 weeks the index is moving...
The down triangle has formed and only 96.38 support level can change this situation backwards but the possible breakout of this level might be happen sooner than expected.
This 5 wave decline maybe finishing. But be cautious of trump. He can make this decline lower :D Beware of dolar bear trump. :D Watch for reversal. gOOD luck.