DXY (Dollar Index) on a monthly chart. We are at the long term line of S/R (Support and Resistance) and depending on which way it moves it will definitely show what will happen to the different market (stocks, crypto, housing, etc). It's interesting to see the parallel channel formation and the trend line it is walking on since 2008. What are your thoughts?...
This is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to announce the tapering of the QE Program this week. The ISM manufacturing PMI at 4 PM GMT will be the key catalyst of this trade if it comes out POSITIVE and beat the market expectations. However is at 4 PM GMT the Manufacturing PMI comes out positive without...
The looks to me to be showing signs of weakness against the dollar with a further move to the downside
Most traders and investors discussed and likes Double price check on bottom and top side, one advantage it reduce the risk while margin traders use SL. I also experienced and convinced double edge rewards better or we can react better instead to predict the price. We can see RSi divergence too or another confirmation in long run. Nothing can stay same and after...
Hello Traders! This technical setup is backed by potential more dollar strength as FED turned hawkish, inflation is not seem transitory and rates should be raised. This means a risk-off or others call it risk aversion environment which means safer currencies are more appreciated than the higher yielding commodity based ones. Have a great day! Vitez
Hello Traders! Upcoming dollar strength as fed turned hawkish with rates and inflation is not seems transitory. Levels Labelled. Have great day! Vitez
US FED's New Policy Shift & Medium-term Dollar Strength Wednesday's meeting by the FED has proved true that the FED is making a new monetary policy shift to normalize sooner than later, to reducing the size of the balance sheet ; and, this action that will send yields higher. This has brought strength into the USD. Thus, USD with strength being signaled, I a...
Chairman Powell to testify before congress June 22, 2021 @ 2 pm. Looking for dollar strength as a result of his testimony. Also a continuation of dollar strength caused by FOMC projections from last week, Wednesday June 16, 2021.
Technicals: Price is testing the resistance zone, which is also in line with the fibonacci confluence area found. In terms of market structure, prices broke below the market structure and we could see further downside here. Take profit target would be based off the -27% and -61.8% retracement that was taken from the last move. Fundamentals: Market risk...
Hello! Crypto crash causes a risk off sentiment in the markets, momentum lowers, dollar is in a great position to be technically stronger. Levels labelled. Have a great week! Regards, Vitez
if price rejects this trendline I will short it. if price breaks I will look for next high to sell
Damnn guys! Are we going for over 90% success rate on this channel? :)) Intraday long on XAU/USD was off by a couple of pips, but if anybody followed the signal then nice profits should have been secured with trailing stop loss (1757>1755). Now we're back to the original short swing signal posted last week. Aiming for a TP somewhere in the 1600-1570 zone. Now, I...
My first analysis of something other than gold! Monthly chart of EUR/USD shows a big downward momentum with next stop at 1.16100. Feel free to share any thoughts!
The Dollar index is something I've been grappling with for a while now. I bought into the narrative of a weaker dollar index particularly in light of the mass printing of money by the FED. Surely inflation must be a consequence of the monetary policies that we are seeing...? It just makes so much sense that we see a cheaper Dollar. But the macro people disagree...
🔰 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...
The dollar Index is coming closer to support around 88.30; it most likely will be the bottom for the upcoming years if the country maintains interest rates low, stays stable politically and socially while moderating their monetary policies.
Price is forming an falling wedge towards support. Its Possible price can breakout to the upside, possibly 0.92750. On the LTF price is possibly forming a bullish flag and that could cause the breakout
Price is at an important area in structure. Price can do one of two things here, either price will break structure and continue up to the next resistance area or sell off from where price is currently. Price is possibly forming an bearish flag, currently price formed an ascending channel and possibly could be forming an rising wedge towards trend line resistance....