Pair : DXY Index Description : Completed Impulse and HH - HL , Rising Wedge as an Corrective Pattern for Trend Reversal it will Follow LL - LH until it completed the Retracement for the Wedge and Break of structure. Demand Zone at Fibonacci Level 38.20% can React as strong Support Entry Precaution : Wait until it Rejects with Strong Price Action
DXY has been rejected at the bull channel support, falling to 105.000 before closing last week. There is now a gap to the 200EMA, which given the rejection bar, seems like a probable target if you're already short. I would caution going full-on short just yet until we close below the 200EMA. If we get a bounce at the 200EMA, I would consider a long back up to the...
This morning, the USD on the world market dropped sharply in the international payment basket. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, reversed and fell 0.69% stronger than the previous session, to 106,150 points.
The US economy is resilient, as evidenced by new data released on October 31. This is the most recent indication that the US Federal Reserve (Fed) can sustain high interest rates for an extended length of time. As a result, given the substantial rise in wages during the third quarter, US labor costs rose dramatically. After increasing by 1.0% between April and...
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
DXY finally broke out of the bull channel it has been in since July of this year. A strong bull response off of the 30EMA brought the price back to the bull channel. We are now waiting to see if the price can re-enter the channel, or if it fails and confirms a breakout to the downside. Key Points: 1. Bear breakout of the Bull Channel, waiting for...
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave , It will Complete its " B " Corrective Wave at Daily S / R Level. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retest Entry Precautions : Wait until it Completed Reject the Falling Wedge or S / R Level
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
In a year when the US economy beat all recession forecasts, budget ferocity has nearly doubled, and weak budget guidance has been found to be almost more lethal than interstate budget wars. faction in Washington. The government decimated $2.02 billion in the fiscal year through September, after adjusting to remove the impact of President Joe Biden's student debt...
SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards...
Here is an important update regarding the current state of the dollar and its potential price action for the remainder of the year. It is crucial to approach the subject with caution and consider the implications for your investment decisions. Over the past few months, the dollar has exhibited signs of flat price movement, showing limited volatility and a lack...
📈 Technical Analysis of DXY: Key Support Break and Bearish Momentum In this technical analysis, we explore the recent price movements of the DXY (US Dollar Index) on an 8-hour chart, with a focus on the short direction. Discover the key support break, formation of lower highs, and projected path for the DXY. 🔑 Title: Unveiling the Bearish Momentum: DXY...
DXY in recent days can be seen sideways, the price moves slowly and according to my analysis that DXY will still make a deep price reduction as long as the price does not rise more than the invalid area
Pair : DXY Index Description : Completed the Breakout of the Daily Descending Trend Line But it hasn't Completed the Retracement. Making Corrective Wave " B " in LTF and STF. Break of Structure , Broke and Retraced Previous Resistance. Divergence - RSI Entry Precaution : Israel / Palestine War is affecting the Market , It is unstable so be careful and Use...
Federal Reserve Chairman Jerome Powell said that although inflation has cooled, the Fed remains committed to achieving its 2% target. In a speech in New York on October 19, Chairman Jerome Powell acknowledged that tightening policy had brought inflation back under control, but stressed that the Fed must remain cautious in pursuing its goals. . “Inflation remains...
Federal Reserve Chairman Jerome Powell is scheduled to deliver a major policy speech on October 19th. The aim is to convince the market that the relevant central banks will continue to keep the inflation regime in check, but perhaps not, and that there will be some "easing" going forward. The first monetary policy plan was submitted to the New York Economic...
DXY refused to fall below 4HR 200EMA support last week and had a fantastic bounce to the upside. This bounce solidified the current bull channel we are in, with no sign of a reversal in sight. There is currently a gap between 106.672 and 109.000, which is the next weekly resistance zone noted from July 2022. How do we trade this? Probability shows that breakouts...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Impulsive Waves " 12345 " and Corrective Wave " A " Completed. We have Break of Structure with the Retracement , It can Reject from Fibonacci Level - 50.00 / 61.80%. Bearish Channel in Short Time Frame it will Complete its Retracement and will Complete its " B " Corrective Wave Entry Precautions : Because of...