My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar. I...
- One of the most important barometers for global currencies and markets in the world. - Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..) - When they don't start the printing machine, DXY keeps is strength. - When they start to print DXY starts to dip and markets boom up. - it's really basic and based on "BRRR...
The Eur/Usd has been in an elongated channel for the better part of half a year. This channel isn't inherently bearish, however the DXY has shown recent strength after breaking above old support and retracing over 4%. We watch the EURUSD chart closely to see whether we break down from this channel which will probably mean a few months of bearish PA. My...
🔰 Pair Name : DXY 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : BUY If all the data below comes in as predicted today, here is a summary of how each data point could potentially impact the DXY (US Dollar Index): Core PCE Price Index m/m: Forecast: 0.2% (🔻 Lower than the previous 0.3%) Potential Impact on DXY: A lower-than-expected inflation rate...
Notice how we have tapped 4600 which an extreme overbought level. SPX must retest a lower level of 4380-4330 and if it does not hold it should freefall to 4200 in prep for Q4. SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023. a correction is due. I am using AMEX:SPXS as the inverse of this play. I do have a...
🔰 Pair Name : DXY 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SELL During the recent correction in dollar strength that began last week, the DXY showed a rally to the 101.5 area without undergoing a proper retest to the downside. Today, the price reached the 4-hour supply zone above the 101.111 area. There is potential for a retest to the downside...
🔰 Pair Name : USD/JPY 🔰 Time Frame : DAILY 🔰 Scale Type : MID Scale 🔰 Direction : LONG/ BUY USD/JPY is currently showing slight losses, hovering around 138.60, as traders search for fresh signals at the beginning of the European session on Monday. The Yen pair is retracing its corrective bounce from the previous day, where it rebounded from its mid-May...
🔰 Pair Name : USD/CHF 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : LONG/BUY Today, the US Dollar exhibited marginal strength against the Australian and New Zealand Dollars, while facing weakness against the Japanese Yen and Swiss Franc as investors adopted a risk-off approach. The currency movements can be attributed to disappointing data from China,...
🔰 Pair Name : USD/CHF 🔰 Time Frame : 4H 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL USDCHF has successfully refilled the market imbalance after the disappointing NFP news. The price has now broken the daily, 4-hour, and 1-hour demand zones. From a technical standpoint, we believe the price will retest the daily, 1R, and 4-hour demand zones around 0.88561...
In this situation, DXY chart creates Elliott wave pattern. So,if 103.600 resistance level need to sell confirmation then DXY will fall 102.700 & 102.200 support level. If the breakout is 103.800 level then case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including...
This post is an update to my original post few weeks ago where I presented the case for DXY bottoming out. Following is the link to that, please go through it to understand the context. On Thursday DXY closed above 34( Red )EMA, on the daily, as mentioned in previous post, it a sign of strength and possible breakout, and we did breakout the following day...
Expecting bitcoin to move back down to support following a daily candle closing below local support. Along with this BTC.D chart, clear bearish divergence suggests BTC will be weak in the coming days/weeks.
My previous read of Gold's wavemap has been proven invalid through price action. Any chance of a drop to the levels of 17xx have been very likely denied considering today's price action. With the removal of certain possibilities, only a couple similar options remain on the table. With anticipated support to come near the levels of $1830-$1870, I expect Bulls to...
- Rejection of the 1.22 pysch level on the HR chart - Price fell below the 10EMA on the HR chart - USD is strong in comparison to the GBP - Overall downtrend
Here we see the KING of all pairs, the USD INDEX. It is about time we did a chart on the mac daddy of all price action, the Dollar BASKET. What we have framed here is a solid RETEST of the bear trend that started last year once everyone WOKE UP and realized the dollar is garbage. However Powell and the FED are not done and a long run of strong USD data, including...
In this video, we'll take a closer look at the charts we covered in our last live session, updating and explaining our analysis. Our focus will be on the following currency pairs: DXY, EURUSD, GBPUSD, NZDUSD, AUDUSD, EURCAD, and US100. We're currently seeing a lot of potential for dollar strength, but it's important to keep an eye on the upcoming CPI release on...
Just a wide overlook to the $ index daily chart What do think guys ?! Note: Not a trade idea!! TVC:DXY
Hi Everyone, I'm looking to buy (long) USDCHF since it has broken the bearish structure and it is currently trading above the order block created. I'm not rushing to buy it as we have got some news release later today, but I think this could be an awesome Risk:Reward trade. SL should be below structure, around 0.9200 and TP could be above 0.9500 Let me know your...