There are 3 pockets of sell side liquidity right below us, which are ready to be raided! Short term : ICEUS:DX1! will head lower in search of liquidity Long term : ICEUS:DX1! will go higher once liquidity pockets have been raided. Also, lower DXY means higher S&P in the short term, lower in the long term.
As we expected American Dollar rallied last week. The price forms Wyckoff accumulation on a daily chart. It makes sense to look for new entries when the short-term oscillator gets oversold. I got so many questions last week about DXY and most of them were like – ‘Why do you expect a rally if US data is so weak?’. Well, the dollar is not just a currency, it is a...
LACAGEHEE AYAAD UGA FAAIIDAYSAN DOONTAA OOS U DHACA DOOLARKA EE SOO SOCDA? WICH PAIRS WOULD YOU TAKE ADVANTAGE OF THE UPCOMING DOLLAR DROP DOWN?
With the recent positive moves surrounding the dollar, the descent might not come immediately as expected, we might see another turbulence to USD pairs before we begin the zooming. TRADE WITH CAUTION
The reasons and stories behind it are explained before in Euro analysis. Check out the "related ideas" section 🧡
There are a bunch of trapped sellers below previous month low and current month low - who would love to exit when price comes back to them - giving us a long entry. Look to trade each zone with a 2R risk:reward ratio.
DXY rejected for the second time at monthly pitchfork resistance, currently sitting at 100SMA Monthly support. Short term bounce potentially, but mid term to long term looks bearish.
The Federal Reserve’s decision to let inflation run while keeping interest rates low is helping boost crypto, Darius Sit, managing partner of QCP Capital, told CoinDesk. “The market was looking to the Powell speech to see if there’d be any hawkish indications – clear plans to end liquidity injection and cheap money,” Sit said. “There was no sign of hawkishness...
We have discussed previously a potential rally in the American dollar. Now we are getting really close to the potential entry. However, accumulation is weak. That means it will take another week or two to get a signal. Accumulation builds momentum. That’s why it is so important. We have very strong fundamental setup for DXY rally: COT – commercials are heavily...
We discussed bullish fundamental setup, but still no entry. There is a clear trendline on a daily chart. Breaking above is an entry. The most conservative traders can wait till DXY breaks and hold above 7 days high. It has been a long time since the dollar did that. So, breaking and holding above is sign bulls have got the strength to reverse a trend. The most...
Dollar Index weekly analysis based on global combination of pitchforks and Fibonacci expansions.
this could be an ABC corrective pattern and continue to the downside
An update on dollar index. we have been experiencing some sideways corrective structure, we expect a break out to the upside soon
Hello, everyone! Kindly ask you to read Related idea first. UPDATE: - After facing the resistance this instrument continued its movement within the channel with some false breakout. In my opinion, we might see the further movement in a couple of days. Good Luck!
Simple combination of pitchforks and fibo extensions are on DXY chart. Movement to the last weekly high is expected ~ from 90-92 to 122-124.
Silver ... another wave up brewing. See my chart and notice pricing is going up in the last few bars in the 4h against a negative red ROC. Since ROC indiactor (top chart) is lagging. It it'll print the green ROC on a green most of all times. I'm in AGQ for a small position and short day trading play.