TVC:USOIL TVC:DXY Hello Traders. Let's continue our analysis of USOIL. Before we predict next week, let's take a look at oil chart's trend along with the DXY index. The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285) ...
Pair : DXY Index Description : Breakout and Retracement of the Corrective Pattern " Bullish Channel " in Short Time Frame. Breakout the Fibonacci Level 61.80% and it will Complete " 12345 " Impulsive Wave at Fibonacci Level - 78.60% or Daily Demand Zone Entry Precautions : Wait until Breaks or Rejects Previous Support
US Inflation Rate YoY Comparison - ECONOMICS:USIRYY Stark similarities to the beginning of the Great Inflationary Period (GIP) which ranged from 1965 - 1982. The GIP fractal is not a prediction, it only offers us perspective and context. As an example, US Inflation YoY could potentially bounce around between 3 - 4% for another 32 months as it did between 1975...
DXY - 48 Hrs. The Fed and especially Jerome Powell have ensured that the US stock markets are more overbought than they have been in years - and yesterday on the big expiry day with gigantic volume (options and futures expire). That was and is the majority opinion of most reporters and/or broker analysts. Which I fundamentally don't dispute. But at this point I...
Hello traders, Last week, we saw a strong bearish momentum. Moving forward, I anticipate a continuation of the sell-off in DXY in the coming week, with my short-term target being the weekly fvg. However, before taking any action,we should wait for a displacement lower to occur before considering entering the market.
Dear Traders, Distribution phase successfully occured on the DXY and sellers are looking for a strong final push down so that it can reach a potential buying zone for investors as keeping the new year in the mind. DXY is likely to keep dropping until the new year begins, however, there will be small retracement but overall price of DXY remain bearish for this month.
After firming ABCD pattern and touch lower band of channel, DXY is ready to goes high again. Trade safe. Good luck.
TVC:DXY chart mapping/analysis. Bullish inverse H&S identified on lower timeframe charts, pending breakout confirmation. Trading scenarios into EOY: Inverse H&S breakout = extrapolated move into 23.6% Fib / ~106 horizontal line (yellow dashed) / upper range of descending parallel channel (light blue) confluence zone. Breakout failure = re-test 50% Fib aka...
This is a great looking chart of the DXY on a weekly time frame. We have a huge Bearish engulfing candle forming on the DXY and breaking down below the 103 support level. This is looking very Bullish for Bitcion and the Total Crypto Market Cap. Also notice what happened after the last Bearish engulfing candles in October and November. This is great to see,...
Here I present my technical Analysis For US Dollar Index which according to the Dow theory we are on a clear down trend.
Weekly: The PA has been rejected from the weekly breaker block-CE & M-BB C.E. W-IFVG has become the support. So we can anticipate that price could go upward at least towards the w-BB C.E. Weekly Bias: Bulish Daily: Daily the price has been closed above weekly FVG, so it may acting support. As there is D-SSL 104.557 which is aligned with W-SIBI-CE. As the...
While Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households,...
In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial...
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and Corrective Waves " ab " at Daily Demand Zone or Fibonacci Level - 61.80%. It has completed the Retracement for Break of Structure. Bullish Channel in Short Time Frame Entry Precaution : Wait until Resistance React as Support
While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of...
103.100 Looks a Sweet target for NFP. Disclaimer - I don't Promote trading NFP
Weekly: Price has been Get rejected from the Bullish W-FVG & W-BSL, & M&W-BB-MinTh. As the price is respecting 4 weekly Pdarrays. So we can predict that in the up coming week the price movement will be upward towards the unmitigated W-FVG. Weekly Bias: Bullish Daily: As the bellow W-iFVG working as a support, So we can predict that in the upcoming week the...
High speculation on upside, idea are 2, not quite fan on below, remember the fed not yet full blown the 2% inflation target, expect 1st Q of the year would be another rate hikes. Skip what they are saying they will not tell it until its done. This is only view on dollar index. Wether we go higher next year or we go lower or they just wait for the US elections to...