IN thus update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target
Hey traders, here is the analysis for the DXY. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
Chart pattern land mine on DXY . Play the levels, standing firm on my previous analysis. Posted as link below. Playing the levels and patterns as always, not attempting to predict the future. 97.5 bottom Range to 105 top of the range. Update: Possible rising wedge forming to mid channel. Middle between 95 and 105 at approximately 100, the bottom of the current...
Dollar Index / DXY. To have my “unblinded perspective ” “unfolded/ unbiased” on charts, I always reviewing “biggest chart” if possible as “the biggest picture = “stored “ the “stronger” energy ( support/resistance).. We probably @ wave (4)(Cyan) before last leg up to 120 +/-..
Normally, I’m sure of my trades. When I feel uncomfortable about a trade I normally don’t take it and most of the time that’s the trade that ends of making me money. However, when the trade loses I feel vindicated, but that’s a false feeling. Van Tharp taught a trader should write down our beliefs. I’m doing that. Mark Douglas taught traders to take every...
• Rising wedge on daily chart, a bearish pattern • 105 offering resistance, limiting gains near term • Next resistance is in mid 105s, 38.2% of Nov-Feb decline • Upside is starting to lose traction, we are still in correction mode • Levels to watch: 105 on the upside, 104 on the downside (today's low and wedge support)
Confirmation • Sell side liquidity taken out ✔️ • Break in Market structure ✔️ Entry • Below morning open ✔️ • At Fair Value Gap ✔️ Target • Around 104.600 🎯
I am expecting price to bounce off the support trendline and continue the upward movement in the ascending channel forming. What's your projection? Like and comment
What is your projection for the direction of DXY's price? Yesterday, the trendline was breached, and I was monitoring to see if the minor key zone would hold and close below it. Today, the market displayed a bearish trend, and I anticipate that the price will reach 103.854 before experiencing a pullback. If the 4-hour key zone is broken, we may witness further...
Price might fill the previous Vacuum Gap which is around 105 level by taking out the Buyside Liquidity above after that price might pullback into bearish , anything can happen ! Be Safe !
Hello guys, This is an update of previous analysis (blow link). Everything is marked on the chart like always. The market has moved as we expected, moved up and rejected from the resistance zone. For now I expect another try to break and rejection again. The resistance zone is 105-105.600 and there we can entering safe in the Gold , Euro , Pound and etc. So...
A long-term deal for those who work long-term We have a debt on the euro in low numbers!
Following the previous analysis, the first target has been reached and the next targets have been determined
The bullish dollar and next week the leader of the market Gold and Euro are checked for sale above and the analysis is on the page
So, right now we don't have any reasons for selling dollar at least this week. We got so many economic indicators and all of them positive for dollar. Next interest rate decision might be also positive for dollar. So, we can buy dollar when we got nice pullback every time till next FED pivots. Last economic indicators. NFP 517k better than expected CPI 6.4...
I AM SELLING AGAIN GBP/USD after nice pullback There is no reason to sell dollar yet. I'm expecting dollar bullishness until next FED meeting. Eurozone PMI better came better than expected,Risky trade but I'm expecting US PMI also came better than expected and we have PCE index by tomorrow. I think PCE index also came better than expected,because we have still...
Welcome . Quick deal. An opportunity to sell the US dollar. Rectangular penetration. There is a strong trend. Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas, thank you
I am super bullish with dollar index. Wallstreet corporation banks are fighting with FED despite that Powell's pessimistic speech afterward. Fear and Greed index became GrEEEEEEED now :) Extreme greed will appear soon. then Extreme fear will begin. USA CPI data was low as expected. but we have to watch oil price and China's re-opening. Inflation is a...