After the severe selling wave that the dollar was exposed to in the middle of last week due to inflation data that came less than its predecessors, we may witness a correction of the dollar and its related currencies that may bring it back to levels of 108. The dollar may reach the levels of 105, which is a very strong support, and it is likely that the price may...
In this situation DXY chart long term create bullish bat pattern and short term create Elliotte wave pattern. So, market need to seem buy correction @ 111.300 and 111.460 resistance level. If breakout @ 110.222 support zone, then market sell up to 109.700 support. AronnoFX will not accept any liability for loss or damage as a result of reliance on the...
Very simple... Very clear Everything is clear on the chart. Probably, in the first step, it will have an upward movement to the top of the blue channel, and then, in the form of a corrective movement, it will decrease and fall to the bottom of the blue channel, and after that, it will have an upward movement to the target of 112-114. This is my personal...
The US Dollar is continue rising and trying to make all time high of this year.
Here is my view for DXY on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for DXY on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The dollar index has signaled a rise to certain levels this makes us say that raising the bank's solute rate will end in dollar profits and stock markets and especially gold will lift everything paid in the Forex market against the dollar
I see over time lower DXY levels, but for now the move lower has been little over done. The stoch RSI is very low levels, and we are supported by the parallel channel. Strategy BUY @ 102.50-102.60 and place stop-loss below 102.00 for now. Profit order @ 103.78.
Here is my view for DXY on H1. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
We are LONG at 95.32 and we are nering our profit objective 95.85-95.90. It is possible we may even see slightly higher. For now keep stop-loss 94.95 for now and profit objective 95.85.
I am happy the stop-loss yesterday was executed with a minor loss. I was not convinced either way, and instead the DXY went through the daily-chart cloud support and moved lower. Looking at the 4-hourly chart (for very short-term view), the move lower went a little to steep. This creates a short-term BUY opportunity, but of course we keep things close to the...
The DXY reached profit target 96.65 and now we are looking to enter a LONG once again. We got cloud support 96.23 and stronger much lower. I suggest and feel buying 96.50-96.65 with a stop-loss below 96.15 is suggested. Profit order 97.50 above for now.
so far the buy strategy is working, but it will not be a straight line. I think for now, we liquidate the LONG we had at 94.70-94.80 area, and re-enter BUY 94.70-94.80 once again. Stop-loss 94.37
The DXY is oversold and we are correcting slightly. The BUY strategy unchanged 94.70-94.90 area for a move back towards 96.00. We got currently resistance around 95.67. Stop-loss at 94.45 for now.
Initially I had a SELL position, but liquidated early 95.68. We have extended the move further even below 95.00. This has caused the weakness of USD across the board, including USDTRY of course. For now, I feel stochastic is overdone (RSI a little lesser overdone). The DMI is negative for quite some time, and same for the MACD. I prefer to carefully BUY...