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DXY which is short for the U.S. Dollar Index, got rejected at the top of the Channel Down and the 1D MA50. The 4H MA200 is providing the short term Support but since the 1 day sequence is Lower Highs and Lower Lows, it should break on the next Low. The 1D technicals are neutral (RSI = 54.316, MACD = -0.150, ADX = 34.104) after turning overbought yesterday and the...
After reaching the bottom of the ascending channel, the dollar index has started moving upwards. Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What...
Thanks to a strong January employment report, the greenback made an impressive comeback from the weakness since Q4. Someone might expect the strength could persist and even test 2022’s high, but I regard this as a rebound and the dollar will likely trade in a range between 100 to 108 (Dollar Index basis) in 1H 2023. First of all, the strength of greenback last...
Charts are contradictory in a sense. Dollar target to the downside -0.236 and Euro vs Dollar down. Interesting.
ABCD Pattern with 0.382 Fibs and 1.27 past fib high, current probable 1.27 fib high, -0.236 past fib low and probable current -0.236 fib low. Interesting fibs. Target bottom approx 97.50 target top approx 111.80 Added the Speed Resistance Fan for confluence. Pretty much made up based on High and Low, not sure about this, but it does have confluence against the...
Hello dear Investors, Traders and of course Beez! Quick TA update on DXY coming right through your way kindly provided by CryptoQueens! DXY: It is ranging inside Triangle Pattern. Mot definitely breakout to the upside! In addition, Flat Divergence has been formed in correlatio to price. Next Resistance - Bearish 4hr Orderblock highlighted in the chart...
The Dollar Index hit yesterday the 1day MA50 after it first started its long term downtrend and today the price reached the top of the Channel Down pattern. So far the price is reacting in the expected technical way, a rejection at the top. As long as it holds, it is a perfect sell entry. Expected target a -4.25% fall at 99.600. Follow us, like the idea and...
Despite the dollar (DXY) strengthening, the cryptocurrency market showed resilience and held about the same level after the release of good data on Non Farm Payrolls statistics for DXY and bearish data for cryptocurrency market. 👉But now the DXY dollar index has reached a resistance level and rolled back 61% Fibonacci from the recent decline, and the momentum of...
If the price breaks below the swing low then we can expect the price to be short-term bearish.
TVC:DXY DXY , Is Forming A rising wedge Still bullish and possible can trade for next 2 weeks within wedge Take sell Entry once market breakout lower trendline ❤️Please, support my work with follow ,share and like, thank you!❤️
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Confirmation • Buy side liquidity taken out ✔️ • Break in Market structure ✔️ Entry • At Fair Value Gap ✔️ • London killzone ✔️ Target • At the 50% level which is 103.000 • Price Gap
Hello,Traders! DXY went up after the FOMC decision to retest The strong horizontal Key level and now the Index is overbought So its a perfect time To go short Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
The Fed hasn't changed their narrative on getting inflation back to 2% at all costs, because inflation has been dropping the market is trying to front run the fed in anticipating a pivot on interest rates. However as J Powell has said countless times over and over again, the Fed's priority is to restore price stability at all costs. This means they are willing to...
When the US dollar price goes up, it means that the value of the US dollar has increased relative to other currencies. This can occur due to various factors, including increased demand for the US dollar, a stronger US economy, or lower interest rates in other countries. A rising US dollar price can have both positive and negative effects on the economy. On one...
In the middle of October I suggested to short the dollar in this post: Unfortunatley didn't have time for an idea to post. A few days ago I closed the short positions , and now I think it's very possible the dollar will print a rally in the following days. The FED's rate hiking cycle pushed the dollar above 114 in the summer, but in October the market started...
The pound against the Dollar faced a bearish momentum last week, a price zone of 1.24 again proved a strong resistance for this pair and sent down the price s from 1.24 to 1.20 last week, Here is also the same reason we are seeing the weekend Pound and strong dollar behind the last week's sellers The day chart displays a breakout trade during the last week out...