Dear investors, GOLD is not playing the Refuge Currency Role in 2022 & the Dollar remains King.
UP... within the next three weeks. First, it has completed the Cup & Handle pattern, a very reliable pattern. Now on the breakout and the projection is mapped (dotted aroow line). Second, technical indicators of the MACD are bullish, and continue to support an uptrend. There is no bearish divergence observed. Third, the other set of technical indicators for...
This market is witnessing an unusual movement and the possibility of a decline is very high My advice is to sell
US Dollar Index futures continue to climb as the market continues to fall... Support and resistance structures have been adjusted accordingly for your reference.
The U.S. Dollar Index (DXY) has been pulling back since the September 28 High. Technically it has been trading within a long-term Bullish Megaphone pattern since the start of the year. As you see, the price is below the 4H MA50 (red trend-line), and since at least May 30, the Low is formed at least on the 1D MA50 (blue trend-line). This is the level to enter if...
The US Dollar Index stalled at the upper YELLOW channel resistance structure, even with the overall market weakness this week.
The bigger picture look at the US Dollar shows the potential for much higher, or lower from where the multi year latteral chop between 90.00 and 100.00 has been trading. A breakout above 103, would have the US Dollar searching for the 88% target at 115.00. Cloud support at 96.00 Area
Gold achieved the goals and climbed to the top of a strong grandfather as we analyzed beforehand and achieved the goal of the price canal as well
Traders and Investors, Dollar has been on a run again and it is moving towards our multi year target of 113 which we predicted nearly 2 years ago. Although it completed a W pattern and was inside an FCP zone, it did not have a substantial correction. On smaller time frames, it showed a little retaracement but that was not enough. The strength in dollar is taking...
The U.S. Dollar Index (DXY) has been rising all year in the aftermath of the Fed to decide to raise the interest rates in their battle to lower the extreme levels of inflation. As a result, the USD has been gaining against the basket of major world currencies. From a technical perspective though, the time is approaching that it may reverse massively downwards as...
$DXY - Where to next? Within range, a break to either direction... TJ
Strong dollar Saud in recent days but has made a strong correction and Hwa is rising now there is a high probability of Saud to 110.47
It has been a rather long time since I looked at the US Dollar Index Futures chart. Pulled out the chart and surprise! Since June 2022, the weekly USD chart had actually completed a Cup & Handle pattern, retested the resistance turned support at 105, and now is on a tear rocketing upwards. Technical indicators although stretched for a bit, appear to have renewed...
The dollar has made a very strong rise and reached the top, from the start of the decline, and from the middle to get a very strong trend
Great bull flag on the Daily Chart. Not a Financial Advise or Suggestion. Let's see what happens.
US Dollar Index showing relative strength weakness. Price for the past several weeks is being propped up by the 50 day sma.
Very sharp drop to the lowest points and now deliberately deliberate strong demand zone is considered support knowing that it has broken it strongly and is likely to retest and continue landing
SL =106.800 wait time 7 day in 102.5 area after pinbar comes on high timeframe we can buy too good luck , use very low size