🔰 We will try our best to be consistent with our Trading View Followers with more ideas and updates during the week
🔻 The Dollar Index Daily closed as another Doji Candle again but it has More Bullish Space to trade at — the intraday price has broken our Bearish structure and now trading Bullish to reach for our Weekly Target - For now e will wait until...
🔹 Our Support Zone from here is 90.00 - more bearish movement can drop the price to 89.00 ( -1.00 Capital From the Liquidity )
🔹 The next major Support is 89.00
🔔 There are no major events happening this week for Dollar Index so we mostly will use Price Action to give us an insight into where the next movement will occur
✅ Analyzing this pair will allow us to...
🔻 DXY did not change in Daily Time Frame today — The market showed no movement as the Daily Candle Closed Doji
🔹 The DXY will get bullish above 90.50 Level
🔹 The price will turn bearish below 90.50
🔔 We need volatility to take our scalp in the lower time frame
🔹 Above 91.00 we will see a great bullish move — above 92.00 price will accelerate the bullish movement
🔹 Any breakout below 90.50 will take the candles pattern to normal — DXY needs negative data to go lower
- The market should be slow from now until we see a breakout or reversal
Our updated Dollar chart. Close to major resistance again.
Funnily, dollar is rising and commodities are rising which is a big discussion I will try to keep it extra short:
no inflation, dollar is doomed...what happens to gold then? it goes UP
high inflation, dollar goes down and therefore people tend to hold money in the form of gold (and btc). Therefore, in...
- we will scalp USD Pairs using the dollar's strength or weakness on the intraday chart
🔔 The 89.00 zone will provide week support for other pairs but it doesn't have enough strength to hold a sell for a week
Hello to all,
DXY came to a demand zone i think.
Thus we could wait a bullish impulse from this zone. The price is moving between 78.6 and 88.6 of fibonacci levels.
May be it want to test the 88.6 level at least but in every situation i'm waiting the bullish move to 92.50.
At the same time i see a bullish divergence on RSI. Price is making lower low bottoms but...
WITH AN ONGOING SERIES OF SHORTS IN THE DOLLAR, SOME IMPULSIVE AND SOME HAVE AN EXTENSIVE SHORT IMPULSIVE FORCE.
CURRENTLY LOOKING TO SHORT THE DOLLAR ON THE TWO SUPPLY PRICE BLOCKS. REMEMBER APPLYING 2% PER TRADE
The Dollar Index failed for a forth time on Friday to hold above the 78.6% retracement level from the recent down swing and closed out with a typical Doji looking candle. This suggests we might start to see some selling action but please note that last Monday ( May 11th - Green-line should be pointing there ) the markets starting fleeing for safety and buying the...