After the NFP and unemployment data, The DXY TVC:DXY faced a big correction. In this week, we believe this week is going to be calm because USD has no game-changing data. there is a possibility that the DXY is going to make some retracements in an upward direction. Our technical view has been shown in the chart. If you like it then Support us by Like,...
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...
The reasons why I strongly believe this move will happen are the following: According to the CFTC non-commercials are shorting CAD. Non-commercials have 20,388 positions long and 68,914 positions shorts. This means that they are selling more CAD than they actually buying it. According to this info we could expect a move to the upside. From a monthly...
Today's focus: USDX Pattern – Continuation (Bullish) Support – 103.65 Resistance – 103.96 Hi, traders; thanks for tuning in for today's update. Today, we are looking at USDX on the daily chart. Today, we are asking if the USDX will set off on a new continuation higher after posting further bullish price action. The worry is if we don't see a close above...
Trend: H4: Pointing Downwards D1: Down Moving Average: With Daily MA Above H4 MA but H4 pointing downwards Pattern: Bat on M30 Strong resistance at 1.0905 33 pip stop loss.
The upcoming release of the Core PCE Price Index, a key inflation metric closely monitored by the Fed, is scheduled for 13:30 GMT. Despite not anticipating major surprises due to its inclusion in the recent GDP report, investors will closely examine this data along with December's Personal Spending and Personal Income figures for deeper economic insights. While...
HELLO TRADERS New idea usd/cad analysis BUY : USDCAD target: 1.32854 sl: 1.32194
Hello Guys . On EURUSD we Have a Good Day Trading Selling Opportunity, Which the Market Have Been Trending Up and Finally Switch to The Downside Plus The Support of The Higher Time Frame Reacting From a Strong Supply Area On The Higher Time frames and am Expecting a Pullback to One of The Supply Zone and Continue The Sell to The Down side. Drop your Opinion...
After breaking through a strong resistance level in the range of 0.617-0.618, the price of NZDUSD continued to move upward within the framework of impulse wave 3. We expect the bullish trend to continue with minor pullbacks up to 0.645. In recent weeks, the New Zealand dollar has been one of the strongest currencies, but we expect this trend to continue in the...
Hello. Looking for USDZAR to make a move upwards. 1. Ending structure 2. MACD divergence 3. Looking for price reaction at Price 16.86 Trade with care
Hello traders, DXY showed lot of momentum in the past two days, I favour more upside for the dollar coming to next we may creat the low of the week on monday and tuesday to expend higher for the rest of the week taking the higher liquidity which will give us a lower EU and GU .
Bond yields have been on the rise lately, and this trend may continue in the near future. As a result, it is crucial to approach the situation with caution and consider the potential opportunities it presents. The correlation between bond yields and the US dollar is well-established. When bond yields increase, it often attracts foreign investors seeking higher...
The US dollar has been on an impressive rise, leading to a remarkable domino effect on the oil market while simultaneously lowering the Euro. Let's dive into the details and explore the exciting opportunities this presents for all of us! First and foremost, let's celebrate the recent surge in the US dollar. This upward trajectory has been fueled by a combination...
I wanted to bring to your attention the recent developments in the cryptocurrency market, particularly the decline of Bitcoin (BTC) below the 200 Simple Moving Average (SMA) trendline. Simultaneously, the US dollar has been gaining strength, hitting a six-month high. This aims to provide a neutral analysis of these events and suggests a potential trading...
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.
Looks like GBP weaks agains USD, a confirmation is on daily timeframe and 4h with head & shoulders formation, so we predict price to hit next support area 1.2400! If u take that trade please calculate your amount of money that u going to risk!
The dollar has been strengthening looking at the fundamentals, and honestly, I expect that to continue. So, what I'm i watching out for this week? Jackson Hole Symposium, where Jerome might hint into the future. On the technical, Everything aligns up. I don't expect the 1.09184 to break. Just below it we have a nice supply zone, we can look to capitalize on that...
Introduction: Traders are often on the lookout for potential opportunities and risks that can impact the forex market. Recently, the credibility of the BRICS alternative currency has come under scrutiny, leading many to wonder if this could fuel a rise in the US Dollar Index (DXY). In this article, we explore current affairs and discuss why traders may consider...