Can't believe I missed this trendline, beautiful resistance line, DXY needs to cool off to get the bull run going again and I think it will here soon. Might have an over throw, but there is a ton of confluence here.
dxy has completed a bearish deep crab pattern on monthly time frame .its maximum target is 1.91 according to scott carney .117 to 118 is the possible reversal zone .also we have ob and fvg in this region
NFA DYOR
The US dollar index continues to batter emerging markets and their economies whilst making all time highs. Why can't we all just accept BTC as a legal tender to trade and screw the dollar? Wake up peeps
Dollar index ready to fall are you ready market break in the two demand zone we expect a market bearish move to start valid till invalidation level if break then continue uptrend start
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.
Good morning everyone,
DYX has been pulling back, sending both EUR/USD and GBP/USD to multi week highs.
Under this backdrop, the trendline that's been holding since February 4th 2022 is on the cards over the next days. Let the price consolidate around the levels it is right now and if some corrective pattern (bear flag, parallel channel) develops between @108,5...
The DXY is approaching a meaningful trend change! Don't be fooled by the Fed, the USD will soon reverse course no matter how much the federal reserve wants a strong dollar, the fiat currency seems to be approaching extreme overbought territory on the weekly chart on every momentum and price oscillator I could find. Be on the lookout for risk on assets to reverse...
Narrative :
Last week the NEWS generated a HUGE repricing and caused the market to drop that left a huge imbalance that hasn't been cleaned up yet.
Imagine paying for a 5 star Hotel and you get to it and it's a mess from the last occupants who were a Rock Group that celebrated a vey successful tour:)
Well this week is brand new and the market would want to...
In the dollar index price is making double top ar 110.15 and drop to test its strong trend line support area 109.60 level . Now if price break this trendline support than we see the more drop in dxy and price and coming to test its next level of support area and fill the gap down of previous week.
After the breakout of market structure the strong trendline...
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.
Narrative:
News News and More News will cause for a very Unpredictable ride in this 7 Trillion $ space known as FOREX.
Nevertheless we ride all waves: the trends as well as CONSOLIDATION. Why? When you trade with the Bias aka Trend; after the dust settles; you'll always be on the RIGHT side of Hi$TORY.
The 13th News driven DUMP was nothing short but AMAZING!...
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.
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart create bullish butterfly pattern .
So, market need seems to SELL correction at 107.666 & 107.300 support
level. Then Market fully BUY.
Hello everyone,
POSSIBLE MASSIVE head and shoulder indicator on the DXY.
We've seen many head and shoulder pattern on the DXY before. Hopefully, it can happen again in exchange of a short/medium term rally in the markets.
Let me know what you guys think!
Description
WELCOME TO MY CRYPTOCURRENCY BLOCKCHAIN CHANNEL GUYS!
My name is Rana Tayyab and I'm a software developer, influential Blockchain and Cryptocurrency Investor, Advisor from Pakistan. This channel is all about cryptocurrencies and the blockchain technology.
Subscribe if you want to learn about the Cryptocurrency market in a fun, entertaining and easy...
