The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security's short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day). Nothing is 100% in trading, so you should not blindly trade this indication. Like all forex charts,...
A descending impulse is finished in the form of wave A, after which we can expect the completion of wave B.
Hello friends. I hope you're enjoying your holiday with your families and friends. Was just looking at the charts and found out that our DXY setup is still playing along. Happy New Year!
Expect more weakness for USDX. DXY is going to retest the trend lines.
Hello friends, We expect the index to rise This chart is for you to use its crosses for trading.
Daily: The upward Falling Wedge pattern is successfully broken and starts a short-term growth. We also see a very strong positive divergence . Upcoming targets: 105.650, 106.850 and 107.700 In the weekly time, a Pinbar candle has been formed, which can start a very strong upward trend. Hawkish Powell's words will also make the upward trend stronger. So...
There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar
The price had double bottom and I think it can touch top red line, it can be number 4 or can break up the line. It can affect most of charts.
TVC:DXY Is soon meeting a confluence around 115. Anticipating weakness from that level. #AHMEDMESBAH
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USD Index looking very bullish. Double bottom formed on the weekly and monthly. Monthly MACD cross up about to happen, last time that happened about June 2018 we jumped over 15% from 89.229 to 102.992. If we have a jump 15% from last low it would take us to about 104.457. Double bottom target is about 96.50. RSI on the monthly going up over 48 about to cross up...
Price movements BTCUSDT (Light blue line) plotted against the USD Index with blue lines recent daily and support levels. Large time frame USD Index round bottom with potential bullflag formation current.
The US dollar was falling ahead of the midterm elections in anticipation of a Republican Senate and / or House. As the Dems have performed better than expected, we have seen a reversal of these pre-emptive moves on the eve of the US inflation report. Expectations are for core CPI to soften (slightly) - but what if it doesn't? Inflation elsewhere continues to...
i think us oil will continue down to 76 price level after that symmetrical triangle broken down .
Incredibles news in the last month or so surrounding CRYPTO and the stock market. SBF on the run, exchanges being investigated, even government officials involved. And what ticker constantly pops up? AMC Entertainment. Hidden shorts that have been burried inside shell companies that are now being exposed. FTX doesn't have any AMC shares on the balance sheets,...
The pandemic caused the dollar to strengthen, despite very low interest rates. There was a moment when it weakened, and that was at the very beginning, until January 2021. After that, it consolidated until June, and then only went up. Why did the USD strengthen, even when rates were around 0%? The crisis has the effect of strengthening the dollar, since all...
As you can see we got a rising wedge pattern which is going to be break downward soon!
A trendline helps technical analysts determine the current direction in market prices, but what happens when the candlesticks break it?