Hello Traders! I expect a retracement of DXY until the FVG. Follow, like, and comment to see my content: www.tradingview.com
Most of the asset we trade are traded against Dollar. So, to figure out when markets are going to peak out, we must look at DXY, which measures the strength of the dollar. In this post we will analyze the last bull/bear cycle and use that to predict what may happen in the current cycle. The Last Bull Cycle for equities/Crypto started when DXY topped out last...
Hello Traders! This is my idea related to AUDUSD H4. I expect a retracement from the resistance level, where we have also an OB. It's a good opportunity to entry long if the strategi is confirmed. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
TVC:DXY came to a major zone around the 102.700 area and bounced off the zone. Will this signify a continued push on the lower side or will it form the heads and shoulder? Fingers crossed to see as market chooses to play out. Past results are not typical, they don't guarantee future results. DO your due diligence
Taking a Look At The Dollar Index To Kick Off 2024 DXY / USD As everything hinges off the us dollar I think it is important to take a close look at the dollar index as we trade into the London Open today. In the video I give you my top down approach looking at the DXY
Trade Idea for USD/JPY Bias: Counter-Trend While current fundamentals might suggest different directions for USD/JPY, there are unique circumstances hinting at a possible counter-trend scenario: Bank of Japan's (BoJ) Intervention History: As USD/JPY approaches the pivotal 150 level, it's crucial to remember that the BoJ has previously intervened in the...
My outlook for the dollar remains bearish, but it's currently in a bullish retracement phase triggered by the reaction at my identified 17hr demand (POI) from last week. I anticipate price to continue its upward movement to eventually reach a premium level. In this scenario, I'll be looking for selling opportunities around the 4hr supply zone or the 14hr supply at...
Pair : DXY Index Description : Head and Shoulder Pattern as an Corrective Pattern in Long Time Frame completed Its " Left Shoulder ". Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. If Rejects from Daily Demand then Buy
Hello Traders! This is my perspective on DXY H1. I see US DOLLAR very strong in the next few days. That's why I'm looking for a short entry for GBPUSD. The H1 chart shows a change of structure, and I expect an increase until the OB from the price of 102.350. Also, below this price, we have an FVG (fair value gap) or liquidity. Follow, like, and comment to see...
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
🏃♂️The DXY index has been moving in the Descending Channel for over two months . 🌊According to Elliott's wave theory , the DXY Index is near the end of the main wave 5 . 🌊If we want to look at the microwaves of the main wave 5 in the 1-hour time frame , we will find that the DXY index is on the way to completing the microwave 5 of the main wave 5...
DXY is on support and has chance to make a double bottom and goes to moon. On my view, DXY still strong and will fly again. Trade safe. Good luck.
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...
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
As the fed didn't raise the interest rate at the last month of 2023, the dollar index got down and all the currencies reacted to it. And it'll go downtrend until something happens. But now do not trade because of the Christmas and the holidays the market has low liquidity and the key players are not around