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...
N.B- In this situation DXY chart create ab=cd pattern. So, market need to seems BUY correction Up to 107.300 resistance level. Then Market fall to 106.150 & 105.400 Support level.
#DXY in Daily time frame DXY is way to touch the lower trend line of this channel before going back to touch the Resistance area
After breaking the base flag in the 4-hour tf, I expect correction til 50% of the daily spike candle. After reaching that area, it will either move up or down who depend the situation of candle.
- All Analysis were done on LTF... you can zoom into 1 Min timeframe to see the analysis - Analysis were based on the smart money and ICT - Since trading view does not allow to publish less than 15 min time frame, I tried to do it in the 15 min (Scalp is not accepted by trading view ;))
NASDAQ100 index is facing a strong resistance around 12,200 (represented in the 50-EMA) after rebounding from the broader weekly downward channel's lower boundary. A confirmed breakout of the mentioned static resistance, will open the door for further +5.61% bounce (685 points) throughout the week to 12,885 level.
Based on fundamentals, 1. Recession scare may cause FED to stop hiking interest rates rapidly which has negative effect on Dollar. 2. US 10 Year Bond Yields (US10Y) have also topped out in near term.. Based on technical patterns, we see 1. Double top with negative RSI divergence. See BTCUSD idea which brought bitcoin from 69000$ to 30000$ in related idea linked...
Here is my view for DXY on H1. 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!
DXY - PARABOLIC MOVES ARE NOT SUSTAINABLE DXY has once again move upside very sharply. This time it has created another bearish divergence after parabolic moves. Remember parabolic moves are not sustainable. We are expecting it will come down to 103 level before any further upside to test its breakout region. What do you think of the idea?
what do you think? i thought DXY is going for short 106.500
A more in depth analysis of the coming correction of the move up from $88-$109.50 my predicted recent price peak IH&S pattern. An obvious sell off taking place on the Daily TF which will likely hit 50 ema Daily TF target around $104 to complete the HTF A wave in the 1st abc down. Then up into HTF B wave before 5 down into wave C around $98. Crypto should F**king...
In this situation DXY chart create Bearish butterfly harmonic pattern. So, market need to seems sell correction 107.3000 & 106.650 support level. If breakout 108.620 resistance level then market will go 110.00 level.
This idea is on 1H frame DXY index has brick ascending channel downwards , the nearest support zone is 107.84$ it expected to visited soon Other markets explode as soon as the index goes down
as you can see dollar has been rallying up for weeks. now after touching an strong resistance and the reaction i see it needs a deep pullback.
It's beyond me why anyone is chasing the US Dollar up here with the reckless nature of the US Federal Reserve and Government's fiscal house. $30,500,000,000,000.00 debt and ballooning deficits as far as the eye can see. The US Dollar will collapse and we will have a Great Depression 2 in my lifetime. Long term trend line is around 98, once that level breaks,...
Happy Tuesday Traders, Investors & Gamblers 😃 Today I want to talk about the U.S. Dollar Index . As mentioned in a previous post a couple of weeks ago, DXY is currently at a very strong resistance in a 15 year trend visible on the monthly chart here. 1D U.S. Dollar Index (DXY) 4H U.S. Dollar Index (DXY) Here below I left it all in the charts for...
Early today I was talking with a good trader friend, whom I respect very much, about Bitcoin. I said that "the U.S. dollar is going to zero relative to Bitcoin". My statement seemed to have ruffled his feathers quite a bit and he replied in a manner that suggested I was ludicrous for thinking that Bitcoin could ever be more valuable than the dollar, or that the...