I am still bullish on Gold, here is my video break down on a Friday baby! note: Weekly chat. This takes time. Good luck out there guys.. trade your system! 1% Risk - 2:1 RR
hey guys , i think we have a double bottom in the Dollar index , and we have a very important price resistance zone that can be our neckline for the double bottom pattern . if price can break the neckline , after the pullback we can buy dollar Vs. other currencies in the forex.
As we published in the previous charts of the dollar index, the US dollar can grow up to the 95 range Rising inflation and the price of the producer index and improved the employment environment Yesterday, the Federal Reserve signaled a decline in bond purchases that strengthened the dollar The dollar index could grow as low as 95 Changes in the Federal...
* If we focus on where the doxy (dollar) is bearish point, we see that there are two potential points for sale (estimate). »One point - DXY or dollar first selling point is the area around 93.10. »Second point - We see the area around 93.85 + in the second point for the Bearish. Hopefully, our trading estimates will be effective and will help your trading....
As Westpac puts it, the Dollar is effectively in a win-win situation, as it retains a firm underlying bid when sentiment turns bearish due to heightened concerns about the adverse impacts of this so called Delta variant, but also during periods of less anxiety and when attention switches back to the more hawkish-leaning FOMC alongside risks that inflation may not...
The dollar was softer with DXY sub-92.50 this afternoon after a rather dovish Fed Chair Powell, who in his testimony reiterated that inflation was likely to remain elevated in the coming months before easing and expectations are broadly consistent with the Fed target, suggesting he is not concerned following yesterday’s hot CPI. He also struck his dovish tone,...
DXY, Dollar Index near to demand zone. Can shoot up Final Target could be 92.63
The Dollar looks reset and almost literally recharged after losing some impetus intermittently yesterday when crude oil was gushing, as it continues to rally and pick off more technical or psychological levels in index and Usd/other currency pair terms. The DXY has now been up to 92.699, leaving just a high from early April guarding the next big figure (92.790...
Dollar Index A third-wave decline might be at the early stages It seems like a wave (2) might have been in place, so we could be at the beginning of wave (3). If correct, the market should break the low of wave (1) in the weeks to come. At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern. We will...
Dollar index H4 ready to sell don't missed Trade setup
The broader Dollar and index trimmed earlier gains as news flow remained light but as the broader sentiment improved. A pullback in yields further put more pressure on the Buck with some seeing a bullish Treasury quant piece as one of the catalysts at the time. Elsewhere, the data and speaker slate remained spared as eyes turn to the US May CPI on Thursday which...
We will talk a bit about an index that has existed for a long time, yet many traders do not know or use it. With this, we do not mean that it is 100% necessary, but it is good to consider certain situations. This post aims to give a theoretical development and then the technical vision of the graph in different temporalities. 🔸First of all, let's talk a little...
The Dollar is mixed vs major counterparts, but maintaining recovery momentum after extending gains in wake of yesterday’s largely supportive US releases, and now looking at NFP as further validation or another fall from grace as the headline number disappoints again. The index made a firm break above 90.000 on Wednesday and is now losing strength. 89.00 is the...
90.000 could well be unsustainable for the index short-term, but the Greenback has retested some psychological levels vs the Yen and Gold for example, around 109.00 and Usd 1900/oz respectively, as it attempts to stabilise again from todays session. The latest recovery began with a bounce from 89.584 vs yesterday’s 89.533 base and continued after an early dovish...
The Dollar is slightly mixed against G10 currencies, but lagging vs precious and base metals, like Gold, after the latter partly due to strengthened forecasts of strike action at BHP’s Spence and Escondida mines in Chile after the rejection of a contract offer. Conversely, spot bullion has taken advantage of softer US Treasury yields and a flatter curve that are...
The dollar index has been declining over the past few weeks and last week price went lower. This symbolized the bears have control. The question is, can they keep control? If price retraces before continuing down, price could retrace back to $91.17. If it does, and proves it can stay below, price could potentially continue to decline back to the low causing the...
USD INDEX TO $95 ? Type : Long Price : 90.40 - 90.50 SL : 90.35 TP : $94 - $95
Just listening to the candles on this one, price is struggling to make new highs, now several daily candles are confirming weakness, this is still insane QE, the wheels should fall off at some point.. see the setup take the setup. it's how this game works, If you reflect to my OIL/WTI short last week 2 x trades posted here: 1st attempt - Loss -1% 2nd attempt -...