The U.S. Dollar Currency Index (DXY) is showing continuing strong BULLISH move towards ATH of 114.773 of Mon 26 Sep '22, with U.S. inflation figures out later on today are in the spotlight, with the data expected to reinforce bets that the Feds will continue to tighten policy aggressively, hence extra strength to the DXY. Keep a close eye on DXY today, happy pip...
This market is witnessing an unusual movement and the possibility of a decline is very high My advice is to sell
theres liquidity on both sides equal highs and lows price been here before and failed to break the low creating that equal low so i believe it will sweep orders up top before fully heading down unless it breaks those lows soon and it will keep pushing down look at previous equal highs and lows and see how it swept out liquidity b4 the actual moves
- The rally has taken out the buy-side liquidity which was resting above yesterday's high. - A break in market structure has also been formed by a very strong Bearish candle. - The perfect sell entry is resting above .500 Good luck 💥
The price have made two side on past last week I made a sell on it, now we wait for a move to 141.90 or above by following our entry price and take profit
Look at the DXY, we are now all programmed to accept that markets are doomed, and we must sell all risk assets, however, DXY is quietly fading. Right now, DXY has broken the parabolic curve on the 3-day chart with double bearish divergence on RSI
Considering the inverse effect of DXY its still not too late to short sell BTC. Following my previous analysis of Double Top Reversal, BTC continues to drop further. Currently my analysis is based on the inverse effect $ has on BTC. My biased is to take a safe short trade upto TP1 as marked.
Yellow precious metal is under pressure due to raising dollar index, As due to high interest rate globally government security now are attractive instruments for investor, So precious melt losing investors attention continuously slashing, is expect to further go down toward its previous support zone of 1660 and 16620 is also a possible correction level,.
USD ELLIOTT WAVE FORECAST... : This X wave (yellow) had reached the golden fib and the intermediate C (pink) reached the 123%.. only one more possible target at 113.57. If the $ is reversing here, we most expect a retracement at least around 110.045, but 108.29, 107.25 and 105.51 are also possible. Other possible targets are 107.25 and 105.51.
Dollar Domination. Deflation Cycle. -22 FED has printed money now since -20 to save companies from going backrupt. Printing up to a danger level of 3.3 Trillion dollars. Creating a bubble like never before. Bubble now is $63 Trillion DEBT. We are about the reach prices as 1929 played out. Stocks that are around 300 dollars will be in 50-20 dollar range.
Technical Analysis Chart Update DXY - Dollar Time Frame - H4 Long Time Frame #LTF ( Bullish Channel ) Rejection from the Lower Trend Line #LTL and Reach Current Demand Zone in Short Time Frame #STF Short Time Frame #STF ( Bearish Channel ) Breakout and Completed the Bullish Impact and Currently at Fibonacci Level - 61.80% if Reject then XAUUSD Buy , If Breaks...
USDCHF Daily, If there is a breakout above the blue box which is the current resistance. We will look for an entry on LTF and go long. USDCHF has been on a bullish impulsive trend since 4th of April this year. It entered on a corrective stage on 16th May 2022. On the week of August 8th, it made a fake out bearish move to take out the SLs of the Sellers in order to...
Looking at SPX500 sells to old high on weekly timeframe which is 3390.4 and sell side liquidity at 3203.8 The sells might just continue because we moving off a daily fvg based on stock indices SMT divergence Follow for more quality trading ideas...
so after that bearish push we have been having dxy pushing up finally in bearish orderblock area where we could see dxy make a nice size move down if its not broken keep eyes on this here this will let you know the next moves on gold and indices
Here is the US dollar index. I have presented the idea of one more leg up in the DXY which would probably give crypto and equities a bit more time to accumulate in the lows before any real moves up towards the end of October.
After the high above 114 back on 28 Sept, DXY corrected strongly, falling around 4% in a very short period. Starting with Monday's low, the index has started to rise again and now is trading back above 112. In my opinion, this is not a resumption of the long-term up trend, but just a rebound after the strong selloff. 112.80-113.20 zone should provide resistance...
Currently we are bearish for DXY ahead of the nonfarm payroll , please take care!