HELLO TRADERS!!!
As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
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...
🏃♂️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...
The dollar index has been in a downward trend for a long time and has reached its important support. There are two important resistances ahead that, in my opinion, it can break through and go up to fill its GAP.
My bias for the dollar is bullish, as I am expecting a major pull back from this key level of demand that we have marked out on the daily time frame. As you can tell by the price action, bearish pressure is now getting exhausted so, we will be looking out for a wyckoff accumulation on the lower time frame to give us more confluence that this move will take place....
#DXY
The dollar has reached the reversal zone (Harmonic Enlightenment pattern)
The decline prediction fails with a daily close above 108.14. Otherwise, we wait for the green targets
The "Butterfly" pattern is a technical analysis pattern used in trading, including cryptocurrency trading. It is a specific type of harmonic pattern that traders use to identify...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
TVC:DXY looks to extend further last week’s rebound, although the 106.00 region proves to be quite a strong barrier for the time being.
Once the 106.00 hurdle is cleared, the index could then embark on a potential test of the November peak at 107.11 (November 1) ahead of the 2023 high of 107.34 (October 3).
In the meantime, while above the key 200-day SMA,...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
#dxyindex formed a megaphone channel. What does this mean?
This is bullish for the index aaand... bearish for all risky assets like stock markets, crypto, commodities etc.
This process may take weeks, just saying beware.
NOT FINANCIAL ADVICE.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
After the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar.
Even though the Fed maintained its hawkish stance after the Federal Open Market Committee (FOMC) meeting, markets tended to...
After the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar.
After the Federal Open Market Committee (FOMC) meeting, markets tilted toward a cautious interpretation of Powell's remarks,...
Following from last week hectic week of news events, we had a nice end on NFP friday giving us a clear indication on what price wants to do. As you can see the dollar has been ranging on the higher time frame, generating liquidity and testing new possible highs however failed to do so.
Scenario (A) - We have a strong bearish candle breaching the low of the range,...
