Pair : DXY Index Description : Head and Shoulder Pattern as an Corrective Pattern in Long Time Frame completed Its " Left Shoulder ". Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. If Rejects from Daily Demand then Buy
The U.S. Dollar Index (DXY) has started trading within a Channel Up pattern of Higher Highs initially since the beginning of the year (2023). The price is at the moment almost on its bottom, which will be the 2nd Higher Low since July 14. Since the October 03 top after which has entered the corrective (bearish) leg, the index is within a very tight (hence...
In a fragile holiday trading session on Tuesday, the US Dollar Index remained at 101.6, hovering close to its lowest point in five months. This comes as additional signs of declining US inflation reinforce bets on the Federal Reserve initiating interest rate cuts next year. Published data on Friday revealed that the core PCE index, the Fed's preferred inflation...
Pair : DXY Index Description : Symmetrical Triangle as an Corrective Pattern in Long Time Frame with the Breakout of Upper Trend Line and Completed its Retracement. Impulse, Correction ( ABC ) and Impulse Completed making its Correction. Retracement for Break of Structure
Pair : DXY Index Description : Breakout and Retracement of the Corrective Pattern " Bullish Channel " in Short Time Frame. Breakout the Fibonacci Level 61.80% and it will Complete " 12345 " Impulsive Wave at Fibonacci Level - 78.60% or Daily Demand Zone Entry Precautions : Wait until Breaks or Rejects Previous Support
US Inflation Rate YoY Comparison - ECONOMICS:USIRYY Stark similarities to the beginning of the Great Inflationary Period (GIP) which ranged from 1965 - 1982. The GIP fractal is not a prediction, it only offers us perspective and context. As an example, US Inflation YoY could potentially bounce around between 3 - 4% for another 32 months as it did between 1975...
The U.S. Dollar Index (DXY) is taking punishment since the October high and this week in particular after the Fed Rate Decision. In times of price distortion by fundamentals, we always think it is useful to look into the longer term time-frames (1W and over) for technical patterns that withstand fundamental irregularities and filter out the news noise. In that...
While Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households,...
In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial...
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and Corrective Waves " ab " at Daily Demand Zone or Fibonacci Level - 61.80%. It has completed the Retracement for Break of Structure. Bullish Channel in Short Time Frame Entry Precaution : Wait until Resistance React as Support
103.100 Looks a Sweet target for NFP. Disclaimer - I don't Promote trading NFP
After making a low just under 100 mark in mid-July, TVC:DXY started a nice up trend and rose more than 7% in the next 2 months and reached a high of 107.20 at the beginning of October. The attempts for a new local high failed and, at the beginning of November the index has started to fall, recently making a low at 102.50. December's recovery is contained in a...
✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month . 💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do...
🏃♂️The DXY index has been moving in a Descending channel for a month . 🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 💡I...
AS DXY is Longer Term Bearish, and we have a Breaker Formation Inside a NDOG, And we have a SIBI In Front, As an OB aswell, And we have Sellside Resting, Makes sense to me that it wanna Run those Lows.
The Dollar Index (DXY), measuring the greenback against a basket of key currencies, extended its decline to 103.40 (from 103.75) during the holiday trading session. The Canadian Dollar (CAD) outperformed, causing USD/CAD to drop by 0.7% to 1.3615, hitting a one-month low. Canada's year-on-year retail sales for September surged to 2.7%, beating expectations of...
Pair : DXY Index Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 12 " Impulsive Waves and its " 3rd " Impulsive Wave will be Completed at Daily Demand Zone or Fibonacci Level - 61.80% Entry Precautions : Wait for the Proper Rejection
🏃♂️The DXY index is moving in the 🟢 Support zone($103.78_$102.93) 🟢 near the SMA(200) and 1 00_SMA(Weekly) . 🕯If we want to look at the last three daily candles of the DXY index from the candlestick pattern, we can see the reversal patterns of Hammer and Morning Star very well. 💡Also, another sign that shows us the end of the downward trend of the DXY...