In this situation DXY chart Hopefully create Elliott wave. So, market need seems to SELL correction at 107.700 support zone. Then Market fully BUY to 109.300 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and...
Looking at the trend, it's obvious that we're in the bull market for DXY. we can only see higher highs and higher lows for the this currency. However, for the major news later, we may anticipate a double top formation when the price reaches at 108.78 key level. If the price breaks this key resistance level, we may expect a trend continuation to the upside....
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The dollar index is about to go bearish therefore the EURUSD will be going bullish for a while.
US dollar is pullback to broken trend line after 5 week bearish move and ready to drop again. US economy shows signs of peak inflation and it will satisfy the federal reserve to rate hike 0.5 percent in September. So, Dollar index will week after this and its time to short it. Trade safe. Good luck.
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.
The DXY broke down a short term up trend line. Pay attention to horizontal support area.
Hi Traders, DXY is shaping up to see some momentum to gain some ground as we can see price is moving within a reversal structure and impulsively reversed off the bottom boundary of the HTF ascending channel creating continuation correction. On the LTF, we can see price was falling within a smaller wedge structure inside the HTF reversal stucture with a Breakout...
The DXY has begun it's decent to Miami getting ready to board a Ship further south to Columbia:) When the DXY DIPS EURUSD goes North for the Winter. They are Ying and Yang. This is all the confluence you need for a Long set up into the Next ADR Profile of EURUSD 101 PIP$ The fundamentals all point to the DXY coming down due to inflation. Mr Powell's...
This was a chart I worked through during a livestream... Traditionally speaking, DXY down = assets up. Said another way, market participants "sell" their dollars for "stuff".
DXY Downlink formation Tipping point with down channel seduction ❤️ If you find this helpful and want more FREE predictions on TradingView . . . . . Please show your support . . . . . . . . Click the 👍 LIKE button . . . . . . . . . . . Leave your feedback below in the comments! ❤️ I use all my transactions in real trading in my account, my account has already...
DXY ( 4h) has broken the support to the downside and opened with a gap down today. The price is just below daily support and 20EMA. As there is head and shoulder on the daily, There is a possibility of dropping the price to the downside to monthly support. As the monthly candle close, we could drastically drop as per price action formation. If you like this...
Price has 3 moves: 1. Up 2. Down 3. Sideways aka CONSOLIDATION Learn these moves and you have found your Broken slot machine. Anytime the DXY breaks south like this EURUSD will Go to the North Pole:) The DXY is the only INDICATOR you need. It doesn't LAG and is real time price action. This chart is self explanatory. Never over leverage. Always trust your...
Here is my view for DXY on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The DXY has opened Bearish. The 15min TF on the DXY has a GAP at 107.151 - 107.209. The DXY likes to fill imbalances sooner than later. Leveraging this wisdom in confluence that there are imbalances to fill on EURUSD the Long Set up now is in effect. There are 20 pips in the zone 1.01434 - 1.01711 that price is clearly going to fill up. After EURUSD...
On current structure price is forming a kinda reversal pattern which is an ascending pattern so basically there is a higher chance that price will Break below to maybe form a lager head and shoulders pattern and that'll give us more confidence/confluences for a valid drop. LOOKS BEARISH Good luck Always stay safe and trade safe!!
If I see the breakout of the descending triangle I will long DXY.... The setup above yields 3.53R.... Like and Subscribe.
50 PIPS TILL EXTREME. Once price breaks Morning Zone Level it has 50 pips to range NORTH. The DXY has broken South like a Knife off the 50th Floor! Thus confirming the Long into the extremes of EURUSD. Learn the ADR of the asset you choose and you will never trade blindly into its extremes. Each asset has boundaries that it crosses only 20% out of...