Gold is ready to drop lower and test the 2300 level, I expect price to rise alittle hihger to the order block on 2340, this will give me a sell entry, stops are above the 2347 level. Use proper risk management.
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...
In our last analysis, the DXY TVC:DXY moved as we had anticipated. Right now the bullish scenario is dominant, but DXY is overbought and hit a resistance. So there is a chance that price make some retracement. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
The dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response. With the breakout from consolidation, I anticipate clearer price action. I will be...
DXY finally broke out of the bull channel it has been in since July of this year. A strong bull response off of the 30EMA brought the price back to the bull channel. We are now waiting to see if the price can re-enter the channel, or if it fails and confirms a breakout to the downside. Key Points: 1. Bear breakout of the Bull Channel, waiting for...
Im Seeing 02 Oct Weekly Open For support price then it will start spooling higher for buysides
The US Dollar is continue rising and trying to make all time high of this year.
I'm looking at DXY monthly chart from bullish side. I expect it pump and reach a broken horizontal rectangle target with double top and strong rejection. In this case BTC will drop to 10-12K and when DXY hits its target and starts drop BTC starts its 5th leg up.
Dollar is consolidating, going to wait for confirmation of direction on the DXY too before taking any USD based positions, unmitigated supply above and liquidity building below, price will probably tap supply and break to the downside towards the shark D point, but let's see! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end...
USDCAD - Potential sharks on the HTF, but also a cup/handle forming at current price level along with bullish momentum. On the LTF I'm looking for breaks in momentum/scalps short but price is still bullish, no real confirmation for reversals yet! Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial...
HELLO TRADERS We can see how price reacted from our mentioned zone for short and xxxusd longs. Currently we have ascending trendline below and strong structures zones from where I am expecting a dollar may gain strength. Key areas are 93.200 - 93.000 where bullish reaction should be observed. Also in all xxxusd pairs have some Important Structures above where...
- I've noticed that the DXY has a monthly Bullish Divergence formed. The move looks coiled up and ready to happen. If it goes the opposite direction and dumps, it will be the first time in..., well I don't know how long but farther than 1986 anyway. - I've noted some other past divergences so that you can see how they played out. They do tend to always follow...
As we can see in the picture, DXY has successfully and strongly broken out the trend line, which is giving an opportunity to buy it.
huge sell off pressure for UJ last week. Saw some GREAT strides by the YEN to surpass that 93.7 level on JXY. Jump to 94.6 makes it overbought ATM hence why I like UJ to buy back up to the 106.85 levels DXY also hit my 94.64 COVID breakout level and is striving to retest such if not 95.20ish. These are my 2 confirmations as well as an end of the month buy push...
Before I start, I would like you all to refer to my previous DXY analysis before reading this. As you can see, I was expecting a fall in price back at my old analysis and we can see this movement this few days. Before we start, lets take a look at DXY in a bigger picture. We can see DXY is still following an uptrend and we should keep a bullish bias on this pair....
1 HR markup of gold, keeping eye on this pair for more downside. this is a simple chart no take profit no sl shown. These are for personal records so I can look back at reflection on Myfxbook.