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.
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.
At August’s close, the USD can be said to have performed exceedingly well against its trading partners. The DXY climbed 3.2% over the month. Now it heads into a very important Non Farm Payrolls result, and investors will be looking for clues as to the USD’s next move.
The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more...
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 ready to short from 109.4 to 106.4.
Technically, Dollar create strong bearish divergence in weekly time frame.
Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price.
DISCLAIMER
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without any update...
DXY has opened with a big gap in the monthly perspective. With the long-term bullish market structure, DXY is preparing to continue its uptrend. It is a high probability that DXY will test the support of this structure and will bounce off to the upside.
Give a thumbs up if you find value in this content :)
DXY - Dollar Technical Analysis Chart Update
Time Frame - H4
In Long Time Frame #LTF we have Double Bottom and its Rejecting from the Second Top
We have Strong Selling Divergence in Daily Time Frame
In Short Time Frame #STF its following BULLISH CHANNEL if it breaks the Lower Trend Line and #LTL and retest then its confirm Sell
Current Level ( Daily Resistance...
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 goes like this:
We'll call this one #MarketMechanics
The plot is very deceiving from the start of the week but not really because I wrote the scripts to this one:)
Knowing the real bias is DOWN today we began this trading week going in the right direction. But to give the traders a little plot twist all of a sudden we go LONG at the bottom of our...
Narrative:
Price has broken the MZ.
You have 35.1 PIP$ to play with.
THE DXY has Broken to fill a GAP at 108.880.
That's all the confluence you need to go Long and cacth some PIP$
Never Over leverage
Trust the SCALP :)
HAVE FUN!!!!
#SniperGang
Hello Traders
DXY formed AB=CD pattern and price reject from important monthly resistance and price make series of LLs and LHs and bearish trend continues
1)DOUBLE TOP
Rejecting from previous high
2)If it respect previous high(109.30)
Expecting a correction towards downside
which leads shortterm USD weakness
3)Incase if clear daily candle close above 109.30
on daily Timeframe then only
more dollar strength towards Target of 113.70
Otherthan,that correction towards downside will continue
