Hello everybody We back with amother analysis of USDCAD According to the chart, After long time when we are in downward trend at last with this wave we break the downward trend and changed it to upward. We shown buy zone area that the price is coming to reach to the target zone and when we take signal in this zone we can buy a lot and wait until the target that...
For the DXY, there are two levels worth noting: Weekly 38% Retracement, 97.787 Monthly 62% Retracement, 97.701 If we see the DXY extend today's losses, this zone may set up as robust support. Here's a potential trade: 1) Buy market anywhere between 97.790 to 97.695 2) Initial stop loss at 96.994 3) 1:2 Risk Vs. Reward The convergence of intermediate and...
Double Top, watch Powell pull out a 1%+ rate hike tomorrow instead of the .25%. This will crush oil and commodities (Russia and China) while also causing inflation in Russia and China as we tighten. Their economies won't be able to take that double whammy. I predicted a rise to 2,100 area, and then a descent to $1,575 and possibly $,1350.
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!
Here is my view for DXY on H4. 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!
The weekly price chart below shows the U.S. Dollar Index printed a strongly bullish candlestick last week, as the price finally made a bullish breakout from its medium-term consolidation between the support level at 12174 and former resistance level at 12293. The price closed very near the top of its range, making the highest weekly close since June 2020. These...
After making a new high at 97.441, the dxy pulled down to 95.100, where I expect it to rally again to 98-98.600. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Here is my view for DXY on H4. The price should go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone, but be careful as DXY also might still be affected by the Ukraine war. Trade Safe!
Next stop $101.21 , this will keep pressure on the crypto's & also Legacy markets.
From our previous post, Crude Oil has gone up In price at a staggering $92.88/per barrel. As of now, I am not In favor of any long position trades whatsoever The U.S dollar would have to follow the sideways channel (Blue dotted lines) I had laid out In my previous post on DXY, thus going even higher which would then ultimately bring the price of Crude Oil to a...
DXY has been trading in a rising wedge since march of last year. The momemtum was very strong that it had broken all the resistance that came in its way. Currently it has the resistance ahead which is the confluence of horizontal & rising trendline. We expect it will take a hit from there and come back to atleast 97 area. Alternatively, breaking above the...
Hello traders, Dollar Index ( DXY ) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. In the wave count that was performed at higher times, a leading trend was formed and from this trend, waves 4 and 5 remain. Wave 4 was originally intended as a flat, but wave c, which we identified...
Since 2008 low from 72, DXY has traded upwards, and after 2015 break of 90 resistance, this zone has become a strong support, with the price reversing from here in 2018 and twice in 2021. Recently the price also has broken above 95 interim resistance and seems determined to challenge 102 resistance. Looking at the "power" of USD this 4% rise is very probable to...
it is moving that i expected and sharing this one. Happy trading
SXY has Been Following the trend line Since Long and I expect to See a little correction on the trend line and then DXY Bouncing up to 96.500 .
Despite inflation the Dxy looking bullish againts the Euro, I dont do fundamentals because the charts speak. enough of that. But we have a basic trendline being respected on the weekly from the previous highs down to where we are currently, we zoomed in as you can see down to the 4hr and we have a false break out of the Trend, 2 false break outs from the Trend...
The DXY made a run to break the top of the channel this week and failed. We are likely to see price spend some time in this consolidation channel before it builds up enough momentum to break to the upside. We are short term bias to the downside for the DXY but we will be only looking for long entries on the pair. A retest of the bottom of the channel at 95.7 will...
The us $ had a min target for an alt wave count at this point I am taking my net longs I have had for months like since late may 2021 exit now I will now wait for the dxy to tell me