This index helps to gauge the USD direction, and will support the positioning in US dollars in general. The INDEX is on the high side and the channel currently is 96.04 top and a bottom 93.74. The market is overbought USD and this means we will see corrective activity based on NEW MOON and RSI that is currently 74.0. Sell USD positions in general, or this index.
The dollar index has been trending upwards from the bottom of the channel since the start of the first week of September. We are approaching the last week of September and waiting for a drop to come. This can happen next week or in the first week of October. We will try to stay out of trades in the coming and position ourselves for the big drop to come. BEAR...
This is your tarot chart reading per event. DXY is the most important highlight to watch for all marketeers and traders. DXY is normally to calculate the relative between other currencies and some commodities. 1st rebound is on 7th January 2021 2nd rebound is on 1st June 2021 DXY is good performer when it comes out with stimulus projection or stimulus release....
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
President Mr Biden to Propose $6 Trillion Budget to Boost Middle Class and Infrastructure, So Dollar will print & weak from this level!
The chart you see above is the Dollar monthly chart showing the last 40 years..... As you can see, the last 3 times we got a cross of the Orange 21EMA & Blue 50EMA, we saw a drop in the dollar for 5 years, followed by another 5 years of sideways action for a total of 3650+ days. You'll also notice we have plenty of room to push further down on the RSI, MACD, and...
Hey tradomaniacs, looks like the market forms a fakeout ahead the FOMC-Meeting and could show us another nice drop as soon as Trendline B breaks! Nontheless, be carefully as the market will highly await talks about inflation from jerome Powell! LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t...
Hi everyone, Dollar is preparing for an agressive up move, wait for the dip and buy the dip Next target is 95 for DXY, but another wave down to 90.30 will happen so pay attention to the downside move to get in buys. Good luck
Hi there, DXY heading for another leg down, I think we completed now wave 3 and we heading for wave 4 for a big retracement on the dollar, which will send eurusd to 1.21 and gold to 1800+ After we make the correction, the whole market will crash with the strong dollar, Get ready to get in after the correction on GOLD, EURUSD, GBPUSD, NZDUSD, AUDUSD, all will drop...
Dollar create Bearish Divergence with Bearish Butterfly Pattern!
Highly probable that the dollar continues to go down from here and Gold heads upward. GOLD LONG
Hey tradomaniacs, even though we`ve seen very dovish statements by Jerome Powell, aswell as worse economic-data from the USA, which is currently bad for the US-DOLLAR as the market started to BET against the Feds policy the bears suffered due to a lack of controle. The current rally seemed to be a bit exthausted as there was no retracement to give bears...
In my weekend comment, I said that the USD is very probable to had found a top at 91.50 and now looks ready to resume its long term downtrend once 91 zone support is cleared. At this point, the index is trading at 90.75 and under the confluence of horizontal and rising support of the flag. I favor selling USD against Eur, Aud, Nzd and Gbp, and buying dips for...