dxy did a small sweep above those equal highs and created another order block just recently retested it and fell so break of this dxy higher low were going to start seeing dxy take a nice dip to that 109-110 level
As we can see EURUSD in very big consolidation pattern since May 2004. I think it found bottom recently, and we might see huge green candles maybe end of the year.
A few days ago I've pointed out the 113 zone as a strong resistance and potential point of reversal for DXY.
The market's reaction after CPI data yesterday could offer exactly this: a confirmation for reversal.
Although on data release DXY has spiked above this important level, a very strong reversal followed, leaving a long-tailed candle on our chart, and, now,...
theres equal highs here so i beleive we see a test to that orderblock which is right by a key pivot level dxy still has a bit more upside when it gets to that level ill see what it does but if bears come in we could finally see dxy make a nice move down but until then its not done yet !!!!
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
Feds keep printing MOARE of that junk currency we call USD, Los Saudis ain't playing ball no more, they are refusing orders from the yankees if they ever announce a switch to another currency let's say like hmmmmm ze Chinese yuan? or Bitcoin? Then that will be the day the yankee dollar will be going Kansas Bye Bye!
DXY seems to be setting up for a monthly...
on the 15 min just made a lower high lets see if it holds and we get a rejection here at this orderblock on down to the bullish orderblock but this pull back would be healthy due to the massive up move from good nfp news
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.
DXY is in between trend lines and will make AB=CD till this week. Only the lower trend line can break the scenario. DXY might be bearish today As USA and Canadian banks will be closed today so overall it will push DXY bearish or vary slow momentum for today.
dollar can go low ,, its possible to go trend higher,, but,, there is rejection dxy cant go more futhure up, it is most possible trend up,,, becuse,, we need close our shops.
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
hello traders and investors. accordingly to my view i see Price reacting close to a P.Level,115.00, correcting through 112.50 and bouncing at 110. having indecision around 112.50. WIth NFP today price may GO lower or even go higher.
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.
⚠️ #FOREX #DXY
Removed limits on the index for long. According to the technique, the priority remains on the probability of growth towards the red corner: 118-120, where the growing trend of the dollar should reverse until 106-105
so lets talk about dxy here
number 1 dxy is a a trendline also bearish order block also last time equal highs was made and this area has perviously been mitigated so i expect a bulish push here to my next oderblock aka liquidation b4 dxy tries to make any movedown so im looking for dxy to head to areound 112-113 area
Like they said " trend is your friend " so we'd rather going with trend.
Bullish on dxy unless grean area is broken on weekly chart.
if it does we will make lower lower which means it might reversal for dxy and end of bear season for Spx , BTC , Gold.
