Hey tradomaniacs,
chaotic market huh?
To be honest... I think the current move of US-DOLLAR doesn`t make any sense.
I keep it simple and short, otherwise I`d have to break the mold.
The data are mixed but do overall show a slowdown in the economy but at the same time rising inflation.
Non-Farm-Payrolls: 199.000 less jobs than expected and the worst...
Hi
as we can see this pair had shown a Bearish Divergence with MACD which is a sign of reversal and bearish trend to start and fall of Euro which i have specified it with Blue Arrows on MACD and Price
i have used Fibonacci Retracement Tool to forecast its fall and Specified the Fall Depth with a Green TP zone
i have also specified a SL line around 1.25 which is...
Hello dear traders, I decided to share my analysis of the GBPUSD with you...
GBPUSD On an important resistance area because :
1- Daily bearish channel roof.
2- 61.8 % of descending wave!
3- Static resistant area between 1.3570 to 1.36.
4- Hidden divergence in oscillators like RSI , Momentum.
5- Fundamental reasons for strengthening the dollar like the Federal...
hey tradomaniacs,
Remember this Chart? 👉
The DXY (US-DOLLAR-INDEX) is currently re-testing a strong support-zone after a fakeout.
Often a classic preparation for another move upwards which is why I`m holding trades.
Watch this support-zone closely❗️👊 Also keep in mind that we will get to see the FOMC-Meeting today, which could be hella hawkish!
...
In the DXY (Dollar Index) we can see the 5 waves up clearly that's mean we finished there wave 1 or A and we are now coming for wave 2 or B after that we can see 5 waves to the upside for wave 3 or C. Most probably we will bounce from 61.8% of fibo to the upside.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or...
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR INDEX .
* The index broke out of a ascending channel but seems the channel might not be out of play as of yet.
- Short term the index is currently completing a possible inverted H&S formation on the 4h chart.
-...
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!
Whenever the dollar drops we tend to get Bitcoin Rallys not all the time but there is a correlation to take a look and compare.
So when the dollar broke the 8/1 Gann ratio in June 2020 what preceded was one of the largest Bitcoin rally in history. As you can see once under the 8/1 Gann things drop pretty quickly.
Since the dollar's double bottom formation in...
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 progressive 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 have...
Here is my idea 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!
On the 4H we have been uptrending. 1H we see the dollar falling or possibly retracing into our last sell are before we continued to follow higher timeframe structure (uptrend). I see a retracement around the area we are in and will continue with the bulls
This is only my theory I think DXY looks really weak on HTF meaning weekly & monthly. But I cant rule out the $97-$99 move can still be baking in the oven. Being that DXY has been so strong the sentiment points my analysis this way, but also unemotionally speaking this would be max pain. But for now there are big sellers of the dollar on daily TF and we should at...
Here is my view for DXY Idea 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!
