currently i am bearish on usd index and i will looking to short usd . we are in strong demand area and i will buy nzdusd after breaking the first zone
The flight of bitcoin will begin soon when the dollar hits its historical resistance line.
USDMXN has broken the double bottom neckline and looking to make new highs to the upside. It is only a Buy when price action does not break the previous low and bounces off the flip zone to the upside. Trade with care & good luck.
AUDUSD is ahead and looks to be making a lower low to continue the downward movement to the downside, we will be adding more positions to this trade as we have no risk anymore to this trade. It is advisable to wait for a retest of the new resistance that is formed from the new low. Trade with care & Goodluck.
The trend a bit extended but I'm keeping the same target of my previous idea.
DXY index is following the channel from the first look, if it form the H&S than we'll have to see, for the past 2 days Gold has seemed to have been correlelated with DXY as it used to be, deattached from OIL and now seems on track. But if this DXY continue to go do down, we might see gold at nearly 2,000$.
Hey traders, above is a technical overview on DXY and the most important zones to watch, we highly recommend you to monitor DXY at the beginning of every trading week if not everyday, that will help you to trade USD pairs more professionally and spot their direction!
Hey traders, in this week we are monitoring DXY for a selling opportunity around 98.9 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
#DXY (Update) Ascending Channel Formation in 3-Days timeframe..!! RSI is Printing Bearish Divergence as well. Seems like Topped out & Expecting Bearish Movement towards the Lower Trendline of Channel. #FOMC ( FED) meeting is scheduled Tomorrow so We can see changes in interest rates which will impact the Market. Be cautious with possible upcoming...
Russia’s invasion of Ukraine will continue to dominate markets in the week ahead, as oil and other commodities react to supply concerns. The consumer price index for February is released Thursday and it is expected to show inflation continues to rise sharply. The Federal Reserve will be a big focus for investors, but Fed officials will not be speaking publicly...
USD Yearly Fresh highs... but we can expect the USD pairs to pullback as DXY is approaching an important supply zone. Trade safe, Joe.
Hello traders. I expect the price to rise again to $ 96 after reaching the $ 94.5 range and then complete the third wave of correction. Be profitable
Wave 5 of 3 is probably over, if it's true, we have ABC correction, it's not true, the price come back to up from here.
#DXY (Update) Once again, testing the Major Trendline in 1D timeframe..!! So far Moving above the Trendline, if Trendline Broken, Expecting a Bearish Wave towards the 92 Support. Keep in Mind that Trendline getting Weaker after Every Retest..!! Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in...
Elementary Analysis: The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to the value of a basket of currencies of the majority of the U.S.'s most significant trading partners. This index is similar to other trade-weighted indexes, which also use the exchange rates from the same major currencies. Understanding the U.S. Dollar...
Hello traders. In the dollar index, I expect the price to drop to $ 94.5 in the first stage and $ 93.2 in the second stage after breaking the $ 95.4 level. Are you agree?