In a fragile holiday trading session on Tuesday, the US Dollar Index remained at 101.6, hovering close to its lowest point in five months. This comes as additional signs of declining US inflation reinforce bets on the Federal Reserve initiating interest rate cuts next year. Published data on Friday revealed that the core PCE index, the Fed's preferred inflation...
The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone. Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a...
Pair : DXY Index Description : Symmetrical Triangle as an Corrective Pattern in Long Time Frame with the Breakout of Upper Trend Line and Completed its Retracement. Impulse, Correction ( ABC ) and Impulse Completed making its Correction. Retracement for Break of Structure
My bias for the dollar this week remains bearish, leading me to seek pro-trend trades from any proximate valid supply zones. With the recent reaction from my prior 3-hour demand, I anticipate the price to continue its ascent to address the imbalances above. Subsequently, my expectation is for the price to undergo distribution within a supply zone identified on...
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
Here I present my technical Analysis For US Dollar Index which according to the Dow theory we are on a clear down trend.
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
USD 3 Scenarios for this week and next one - Scenario #1: where price will just start to move to the downside as we are now at the 78.6% fibo retracment. - scenario #2: where price might move to the upside first to liquidate the last LH before moving to the downside (IF ANY) - Scenario #3: where price will go to the upside first to retest the 105 level as...
AS DXY is Longer Term Bearish, and we have a Breaker Formation Inside a NDOG, And we have a SIBI In Front, As an OB aswell, And we have Sellside Resting, Makes sense to me that it wanna Run those Lows.
The bias for the dollar this week remains bearish, leading me to anticipate further downward trends. Near the current price, there is a supply zone on the 3-hour chart where we'll wait for price redistribution. Following that, we'll await confirmation on a lower timeframe to execute the sell trade. Additionally, I anticipate a minor reaction from the 13-hour...
The Dollar Index (DXY), measuring the greenback against a basket of key currencies, extended its decline to 103.40 (from 103.75) during the holiday trading session. The Canadian Dollar (CAD) outperformed, causing USD/CAD to drop by 0.7% to 1.3615, hitting a one-month low. Canada's year-on-year retail sales for September surged to 2.7%, beating expectations of...
Pair : DXY Index Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 12 " Impulsive Waves and its " 3rd " Impulsive Wave will be Completed at Daily Demand Zone or Fibonacci Level - 61.80% Entry Precautions : Wait for the Proper Rejection
🏃♂️The DXY index is moving in the 🟢 Support zone($103.78_$102.93) 🟢 near the SMA(200) and 1 00_SMA(Weekly) . 🕯If we want to look at the last three daily candles of the DXY index from the candlestick pattern, we can see the reversal patterns of Hammer and Morning Star very well. 💡Also, another sign that shows us the end of the downward trend of the DXY...