In this update we review the recent price action in the Dollar Index and identify the next high probability trade locations and price objectives to target
Possible trend of currency 🇨🇦/🇺🇸 Upcoming support ranges 1.36962/1.36720 what do you think about it?🙂
Having a close inverse relationship with the Dollar Index, we remain neutral for EUR/USD as well. We'll want to see how price reacts around the 50% fib at 0.9770 area first.
hello traders and investors. accordingly to my view i see Price reacting close to a P.Level,115.00, correcting through 112.50 and bouncing at 110. having indecision around 112.50. WIth NFP today price may GO lower or even go higher.
DXY | Bullish Channel - USD Still Looks Very Strong Yesterday price broke out from this "Descending Channel" by giving some more bullish steam to the USD dollar. After this small correction chances are very high that we can see DXY to increase further before any other movement. Targets on the chart Thank you and Good Luck!
After the high above 114 back on 28 Sept, DXY corrected strongly, falling around 4% in a very short period. Starting with Monday's low, the index has started to rise again and now is trading back above 112. In my opinion, this is not a resumption of the long-term up trend, but just a rebound after the strong selloff. 112.80-113.20 zone should provide resistance...
The analysis is based on the Elliott Wave Theory. The pair is currently correcting in the form of a triangle and will breakout to give more upside. Targets can be made at the previous highs.
If Bounce happens from our Expected Buy Zone then these targets are valid. I also update here in the comments if Trade executes...
Today is the first Friday of the month and we will see the publishing of the non-farm payrolls. This will affect all instruments traded against the USD. We want to see EURUSD with a clean move and better setups throughout the next week. Right now, we are not looking to enter before the news! 0,9710 is an important level and if we see the market rejecting it,...
Apology for having the normal update video get updated as EUR/USD.
Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (USDT 1D Chart) (USDC 1D Chart) Funds flowed through USDT. If funds continue to flow and rise above 68.468B, the coin market is likely to see an uptrend. However, it is expected that the...
The US dollar was the strongest major currency on Wednesday, supported by rising US yields and softer import/export data (which points to a softer global economy). And whilst the prices paid component of the ISM services PMI softened to a 20-month low of 68.8, it remains historically high relative to its long-term average of 59.8 - which suggests the aggressive...
Good Morning all you wonderful people. I am a student and my ideas should never be traded. I think this is more wishful thinking , but I am hoping to see us pull back to the 61.8% fib level and I see a bit of a bat pattern if I am correct ?
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I can see one more leg up from the bottom of this forming Triangle. If we can hold the price above the range VAL, then my TP1 would be the POC, TP2 the Golden Pocket, wich is in confluence with the actual Triangle trendline resistance. Stop loss is near by the 0.882 Fib level, because if the price would fall to this level, the full triangle plan would be invalid. ...
Currently we are bearish for DXY ahead of the nonfarm payroll , please take care!
I am a student to the art , I am purely guessing the outcome of these. Please dont use these as trading signals My 2 patterns seem to be aligning , lets see :) Good luck
Traders, The dollar continues it's dump. The last two days it has come back up to test resistance. Is this the formation of a bear flag on the dollar followed by a continued dump? So far, it's looking like it. Stay tuned all.