USD Index is in an interesting position, and could go either way. Let the market tip it's hand on Monday, and then trade USD pairs! Check out my analysis and leave me a comment and/or feedback. I appreciate hearing from my viewers. May profits be upon you.
Yes, I did call for bearishness in the Weekly Outlook. And yes, the USD has moved bullishly since Tuesday. However, I did state that price would move up into the fair value gap, and from there, the bears would take over. Remember, I described an External to an Internal RUn on LQ. Price has moved from Discount to Premium prices. Currently, price is positioned...
May profits be upon you. DXY is now consolidating in between a bullish FVG and an bearish FVG. But it has been bearish, with downward momentum. I suspect it will continue this way, as price has found INTERNAL LQ in the bearish FVG, and is now seeking the EXTERNAL LQ at the lows. I believe the low at 100.320 is the DOL (Draw On Liquidity). Leave a comment, as I...
HELLO TRADERS Hope everyone is doing great a look at the calm before some Volatility in the form of some 🛑 folders from today DXY 1H CHART * The DXY has been range bound since the beginning of the week ahead of CPI & GDP among other releases. * Typical price action ahead of Big news realeases. * The US CPI might just provide that needed catalyst for some...
Hi guys, After the break ascending H1 channel today (close below 2056) on #XAUUSD, we could with a better confidence say C wave was started. But we have this week 1st #Nonfarm news and based on astrogical cycles, we predict that gold could rise from 5th January (Friday) until 10-11 January. So if the news will bad for dollar that time we would buy it until next...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. On a yearly basis USD has been in a wide range as you can see highlighted in daily chart. Right now either this is a correction to head down to 101, OR push back up to 106. Slightly bias for it to head down though Do Like and Boost if you have learnt something and...
HELLO TRADERS!!! As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. The USD as we can see breached the recent Support and pullback on thurs. Technically still on a downside rejecting the down channel. Unless it broke up, if not more downside for USD in coming days. Do Like and Boost if you have learnt something and enjoyed the content,...
#dxyindex formed a megaphone channel. What does this mean? This is bullish for the index aaand... bearish for all risky assets like stock markets, crypto, commodities etc. This process may take weeks, just saying beware. NOT FINANCIAL ADVICE.
Good moring traders, EURUSD H1 Potential🔻 Notice the heavy selling on the daily chart. We saw some retracement last week. Yesterday we saw increase in volume on selling, suggesting that institutions had sell orders placed where buy stops were trapped. We remain bearish on this pair for now and bullish on DXY
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
I Believe will we see a new era of economic Collapse in up coming Years. I don't know what will happen geopolitically, But you can see it has already started and happening all around the world. The Chart tells me USD Willing to go see the last 2 decades High. if you check COT Data, The commercials already accepted that this is a solid Low for USD Index. it's a...
Today's focus: USD Index Pattern – Nill Support – 105.00 - 104.45 Resistance – 105.10 - 105.55 Thanks for checking out today's update. Today, we have run over the USD Index, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USD index sits in an interesting spot with the FOMC to come....
Dxy Bullish is unstoppable. With last week's analysis, we estimate that the price will approach the QM area. Here we can observe first, even though the price will be in the QM area not necessarily a reversal immediately. There is a possibility that the price will be consolidated for some time.
Seeing Dxy's unstoppable movement, the possibility to continue bullish next week is still quite large. Where last week was still formed New High even though in its movement the price was seen that there was fatigue marked by a fairly small candle every time bullish. There is a possibility that the price will try to bullish to the QM area.
So, here we have the USD Index at the Centerline at a balanced level. What if the US$ starts go north? I would say, markets, which are btw. also totally overbought, are tanking. This scenario is on point with the CPI today. Obvious or a fluke? As always, anything can happen, even a new spike in the Indexes.
The image above is my earlier anaylsis on DXY. I was waiting for Price to tap into the demand/support zone which it has done and gotten a rejection, so I am expecting price to push towards 104.45. RIsk Management is advised and put your SL below the demand/support zone I would love to hear your thoughts 🤔 on this, so feel free to leave a comment ✍. Please...
In my 24th of August DXY analysis, I explained why I'm bullish USD Index and suggested buy dips around 103 support. It worked like a charm and after a short dive to support, bulls returned with vengeance and drove the price back up to resistance. At this moment I expect also a break above this resistance in which instance traders could expect continuation towards...