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GBP/USD – Fundamentals Drive the Move! (05.12.2025)📝 Description FX:GBPUSD GBP/USD is currently trading below the resistance zone after failing to hold recent bullish momentum. With USD Core PCE Price Index and Michigan Consumer Sentiment releasing today, the pair may see increased volatility, potentially pushing the price lower if USD strengthens. A rejection from the resistance zone combined with weakening intraday structure suggests a possible bearish continuation toward support levels. 📌 Key Support & Resistance Levels 🔺 Resistance Zone: 1.3359 – 1.3386 🟥 1st Support: 1.3269 🟥 2nd Support: 1.3228 ⚠️ Fundamentals Today 1️⃣ USD – Core PCE Price Index (High Impact) 2️⃣ USD – Michigan Consumer Sentiment (High Impact) #GBPUSD #ForexAnalysis #PriceAction #Fundamentals #USDNews #TechnicalAnalysis #TradingPlan #ChartAnalysis #FXTrading #TradingView #Kabhi_TA_Trading ⚠️ Disclaimer This chart is for educational purposes only, not financial advice. Always use stop-loss and manage position size according to your risk tolerance. 👍 Support the Analysis❤️ Please LIKE💬 Drop a COMMENT 🔁 SHARE if you found this helpful!
Short
by KABHI_TA_TRADING
24
Velocity Of Money Rolling Over Again!The Real Interpretation This chart is telling one story: Money supply growth has massively outpaced real output for decades. It lines up perfectly with: Falling real productivity Stagnant wages Declining borrower quality Rising debt-to-GDP Asset inflation decoupling from fundamentals The economy shifting from productive borrowing → consumption and asset speculation You don't fix this with “policy choices.” You fix it with real wealth creation, which requires creditworthy borrowers — not printing. Forward-Looking View Unless: Productivity rises Real output accelerates Borrowers gain real income strength Capital flows into productive sectors instead of financial games…this ratio won’t materially rise. That means: Every new dollar is buying less GDP Long-term growth potential is fading More money chasing fewer productive opportunities More fragility in the credit system It’s a classic late-cycle fiat symptom. Here are questions to ask: If “money creation” creates growth, why is GDP-per-dollar collapsing? Why did 40 years of money expansion not produce proportional GDP? If borrowers create loans, where are the new productive borrowers? Why did QE cause asset inflation but no sustainable GDP boost? If the system is “fine,” why does each new dollar buy less real output? Perma Bulls, MMTers, Politicians etc.. can’t answer those without admitting the private-sector engine is weakening. The less productive output per $ while the markets keep rising & rising will only produce less and less profit per share over time. No matter how much lipstick they put on that pig. Eventually, the economy & markets will CRASH! They always correct themselves in the end. Perma Bulls have no exit strategy and will go down with the boat! MMTers will want Gov to borrow and spend EVEN MORE! despite the empirical self-evident fact that print and play doesn't work! Politicians will borrow and spend even more, claiming they will "STIMULATE THE ECONOMY" I got all that from just one chart? NO! The entire spectrum of data. Here is one THANK YOU for getting me to 5,000 followers! 🙏🔥 Let’s keep climbing. If you enjoy the work: 👉 Drop a solid comment Let’s push it to 6,000 and keep building a community grounded in truth, not hype.
FRED:GDPShort
by RealMacro
GBPUSD on a multi-year decline that's far from being over.The GBPUSD pair is currently on a 5-week rebound following the November 03 Low just below its 1W MA50 (blue trend-line). Despite this short-term reaction, the general long-term trend remains bearish following the June 30 2025 High. That High started a Double Top sequence that is similar to both previous Cycle Tops since January 22 2018. Even though this latest one didn't take place exactly on the Lower Highs trend-line, it was priced on the closest level to the 1M MA200 (red trend-line) since September 2014. At the same time, the 1W RSI printed the exact same 8-year Resistance Zone rejection pattern as the previous 4 times. Based on the previous 2 Cycles, we expect the 1st Leg of this long-term correction to approach the 1W MA200 (orange trend-line) on a -7.64% (minimum) drop, targeting 1.2750. Then after a bounce to retest and get rejected on the 1W MA50, we expect it to aim then 9-year Symmetrical Support Zone at 1.2100. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EUR/USD Still Struggling to Trend but Bulls Take Step ForwardThat 1.1500 level in EUR/USD has proven to be a tough spot to crack and the higher-low from two weeks ago has now pushed into a higher-high. But with that said, buyers seemingly refused to drive this week even with a higher-high to go along with that higher-low, and this sets the stage for next week's FOMC meeting as a breakdown in the USD will likely need EUR/USD bulls to make a push. For next week, it's the 1.1593 level that looms large in EUR/USD and if that level gives way, it's going to look like a failed breakout and it'll expose the 1.1500 level for another re-test. For USD-weakness, GBP/USD has shown more attractive bullish structure and for USD-strength, USD/JPY makes for a stronger argument, at least until some semblance of trend shows itself in EUR/USD. - js
by FOREX.com
Trade closed manually It was a slow burner and almost hit the profit target but I've eventually closed my NZD USD trade for a small +0.7 profit (to avoid weekend risk). All in all, the positive narrative remains, meaning until something changes, I'll continue looking for 'risk on trades' short USD, JPY (BOJ rate hike chatter being a risk) and also, short CHF appears viable again. (It's now all eyes on next week's fed meeting). Side note that positive data boosted the CAD today and would have made a nice trade for anyone at the charts at the time and not already in a trade. Wishing you a lovely weekend
Long
by johnelfedforexblog
The Dollar Is Compressing Into 98.635 — Macro Pressure Meets StrThe dollar has been under steady macro pressure all week. Rate cut expectations, softer yields, and liquidity repricing have weakened the USD across the board. We’ve seen the same conditions lift EURUSD, gold, and BTC — not because those markets react to DXY levels, but because they respond to the same macro drivers. That is the correct interpretation. Now the structural question is simple: DXY is sitting less than 0.11% above monthly balance and pressing into 98.635 — the level algorithms historically defend. This is the inflection. If 98.635 holds: USD stabilizes, stretched rotations cool, and we likely see counterflow in EUR, gold, and BTC. If 98.635 breaks: Macro pressure accelerates, and the next leg of dollar weakness opens with far more momentum. The key distinction: FA explains the pressure. TA defines the resolution. Cross-asset strength today isn’t randomness. It’s macro conditions expressed differently across instruments while USD approaches the structural point where the next phase becomes obvious. Watch 98.635. Structure will answer what fundamentals only set up. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
TVC:DXY
by CORE5DAN
USDJPY Channel Up is pulling back in search of a bottom.The USDJPY pair has been trading within a Channel Up pattern since the April 22 market bottom. Right now it is on its latest Bearish Leg, correcting the rally that priced the Higher High, in search of a bottom (Higher Low). The last pure Higher Low was priced exactly on the 1D MA100 (green trend-line). We expect the price to bounce either on the 1D MA50 or on the 1D MA100, which means for traders that they can allocate the risk (lots) evenly on those entries. The Target is the 162.000 Resistance. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
EUR/USD - Triangle Breakout (03.12.2025)📝 Description🔹 Setup Overview FX:EURUSD EUR/USD has broken above the Triangle Pattern, signaling a potential bullish continuation. Price retested the breakout zone cleanly and is now showing steady upward momentum. A break above the next intraday resistance could trigger a move toward the higher liquidity levels shown on the chart. 📌 Support & Resistance Levels 🔺 Resistance 1: 1.1666 🔺 Resistance 2: 1.1700 🟩 Support Zone: 1.1600 – 1.1588 #EURUSD #ForexAnalysis #TrianglePattern #Breakout #FXTrading #PriceAction #TechnicalAnalysis #TradingView #ChartStudy #Kabhi_TA_Trading #ForexTrader #MarketAnalysis ⚠️ Disclaimer This analysis is for educational purposes only. Not financial advice. Always trade with proper risk management and stop-loss protection. 👍 Support the Analysis❤️ Like the post 💬 Comment your view 🔁 Share to help the community!
by KABHI_TA_TRADING
58
DXY at a KEY “Decision Point” on the Supply ZoneAfter an extended bullish duration, the DXY is now challenging a technically critical “Supply Zone” (100.150 – 100.600). Further away from key levels, both pump and dump up and down, momentum oscillators on all time frames give us mixed signals of exhaustion from buyers and that we are near to making a big decision in the direction of our market. A comprehensive technical look that includes the broader structures and multi-month macroeconomic supply-demand analysis. TECHNICAL OUTLOOK Critical Resistance (Purple Zone): We are currently sitting right inside that 100.150 – 100.600 corridor. This is a level we know well—it’s packed with strong selling pressure and smart money order blocks. Think of this zone as a huge mental hurdle for the bulls; trying to go "Long" here without seeing a clean, high-volume breakout is just asking for trouble with a bad risk/reward setup. Trend Structure: That ascending yellow trendline connecting the lows since September has been holding the price up so far. But look closer—the space between the price and this trend support is squeezing tight (Compression). This usually tells us one thing: volatility is kicking in and a big move is brewing. Negative Divergence (RSI) : Here’s the warning sign. While the daily chart is trying to make new highs or just hanging on at resistance, the RSI is losing steam and making lower highs. This "Bearish Divergence" is a classic signal that the trend is running on fumes. Momentum (MACD) : The MACD histogram is fading out, which confirms the bulls are getting tired. It hints that profit-taking—and the sellers taking over—is likely just around the corner. MACROECONOMIC AND FUNDAMENTAL DYNAMICS Fed Expectations : The market is scrambling to rethink the Fed's rate path for 2025. We are watching the data like hawks right now; even a small sign of cooling in jobs or PMI data could spark a rejection from this resistance and send the DXY correcting downwards. Bond Yields : Any pullback in the US 10-Year Treasury Yields (US10Y) is going to add fuel to the fire for sellers on the Dollar Index. Liquidity Hunt: Watch out for the "fakeout." Market makers might try to push the price just above that 100.600 level to grab liquidity and hunt the stops of early shorters before slamming it back down. Keep your eyes peeled on the Price Action here. STRATEGY AND OUTLOOK Since we are banging our heads against resistance, opening new long positions here just isn't juicy enough risk-wise. Bearish Scenario: If we see a hard crash with volume breaking that ascending yellow trendline, that seals the deal for a reversal. If that happens, we’re looking at intermediate supports first, with the main target being that 96.50 level down low. Bullish Scenario : Unless we get a solid daily candle close above 100.800, any rallies should be looked at as opportunities to sell. If the price stays above that level, then this idea is dead in the water. Conclusion: It’s a "sit on your hands" moment. Waiting for that trend support to break is the safest confirmation we can get before jumping in. Disclaimer : Just sharing my personal notes and educational analysis here, not financial advice.
TVC:DXY
by celilADIGUZEL
DXY is making perhaps the final pull-back before a massive rallyThe U.S. Dollar index (DXY) has been trading within a Channel Up since the March 2008 bottom during the U.S. Housing Crisis. This is not the first time we use this pattern to identify key macro trend shifts, in fact we revisited it a little over 2 months ago. The incredible symmetry it's been showing, with clear correction phases (red Channels) followed by bullish phases, eventually lead to price rallies to the 1.618 Fibonacci extension. Right now the price is past a 1W Death Cross, which has always been a bottom signal on this multi-year Channel Up, and is pulling back on perhaps the final mini drop before the new 2-year Bullish Leg begins. This has always happened at the end of the Bear Cycles (red correction phase) with the Arc pattern showing a final pull-back before the decisive rebound the breaks above the 1W MA50 (blue trend-line). That break-out is the confirmation of the Bull Cycle start (Bullish Leg). With the 1M RSI having already touched its 16-year Support Zone, which has provided the most optimal Buy Signals throughout this pattern, we expect the Dollar Index to start rising aggressively in the long-term, targeting the 120.000 - 128.000 Zone on its way to the 1.618 Fib ext, which has been where the previous Higher Highs (Cycle Tops) were priced. Notice also that a solid peak indicator (Sell signal) is when the 1M RSI hits 80.00, indicating that the market is massively overbought (overheated trend). --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot
9
DXY Analysis (4H Chart)DXY Analysis (4H Chart) The US Dollar Index (DXY) has been in a steady downtrend, trading below both short-term EMAs, which shows weakening bullish momentum. Price has now dropped into a key support zone — an area where buyers previously stepped in. At this level, two potential scenarios stand out: 1. Bullish Reaction (Green Path) If buyers defend the support zone again, DXY could see a bounce toward the 21 EMA and potentially higher. This would signal short-term stabilization after the recent drop. 2. Break Below Support (Red Path) If the support fails, the downtrend may accelerate, opening the door for a deeper move lower. This would confirm sellers maintaining strong control. Summary DXY is currently testing a major support zone. Trend remains bearish while below EMAs. Market may either bounce from support or extend the decline depending on upcoming momentum.
CAPITALCOM:DXYLong
by Harry_Megat
Bearish drop off?US Dollar index (DXY) has rejected off the pivot and could drop to the 1st support. Pivot: 99.54 1st Support: 98.62 1st Resistance: 100.28 Disclaimer: The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended to be informative only, and are not advice, a recommendation, research, a record of our trading prices, an offer of, or solicitation for, a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation, or needs of any specific person who may receive it. Please be aware that past performance is not a reliable indicator of future performance and/or results. Past performance or forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast, or any information supplied by any third party.
TVC:DXYShort
by IC Markets
BTC/USD on the 15-minute timeframe Neutral Chart InterpretationNeutral Chart Interpretation This chart shows BTC/USD on the 15-minute timeframe, using several Exponential Moving Averages (EMA 7, 21, 50, and 9). The main focus appears to be on potential support zones and how price might behave around them. 1. Current Price Area The price is moving sideways near the EMAs. Multiple EMAs are close together, showing a short-term consolidation phase. 2. First Support Zone (S1) A grey box highlights a nearby support area just below the current price. The chart suggests that if price dips into this zone, it may stabilize before attempting another upward move. 3. Second (Stronger) Support Zone A wider support region is marked lower on the chart. This level appears to act as a stronger cushion if the market experiences a deeper pullback. 4. Upward Scenario (Green Arrows) The chart shows an illustrated potential path where the price could rebound from one of the support zones and continue moving upward. These arrows simply represent possible movement — not a prediction or signal. 5. EMA50 Highlight The EMA50 label suggests that this moving average is being watched as a dynamic support during pullbacks. Safe Posting Notes This explanation avoids giving trade signals or recommendations. It sticks to neutral chart interpretation only: price levels, zones, and market structure.
CRYPTO:BTCUSDLong
by Harry_Megat
BTCUSD (15m) – Support Rejection & EMA RecoveryBTCUSD (15m) – Support Rejection & EMA Recovery Bitcoin dropped into a key support zone and showed a strong rejection wick, signaling buyer interest. Price has now pushed back above the 7 EMA and is challenging the 21 EMA, which is the first sign of short-term momentum shifting. Two possible outcomes from this area: 1. Bullish Scenario (Green Path) If BTC holds above the support zone and continues reclaiming the EMAs, price may look for a short-term recovery toward the next intraday highs. 2. Bearish Scenario (Red Path) If price fails at the EMAs and falls back below the support zone, continuation to the downside becomes more likely. Summary Strong support reaction. EMAs acting as early momentum indicators. Both bounce and breakdown are possible depending on how price behaves around 21 EMA.
CRYPTO:BTCUSD
by Harry_Megat
NZD/USD - Wedge Breakout (02.12.2025)📝 Description🔹 Setup Overview OANDA:NZDUSD NZD/USD has broken below a Rising Wedge structure — a bearish continuation signal. After retesting the lower trendline, price rejected sharply from the Resistance Zone, confirming seller strength. Today’s fundamentals add further downside pressure, making this setup align with market sentiment. 📌 Trading Plan 📍 Bearish Scenario (Primary Plan) Sell Opportunities: After retest of the broken wedge trendline. Target 1: 0.5690 (1st Support) Target 2: 0.5670 (2nd Support) #NZDUSD #Forex #PriceAction #WedgePattern #BearishSetup #FXAnalysis #TradingView #TechnicalAnalysis #Fundamentals #USDStrength #ChartAnalysis #Kabhi_TA_Trading ⚠️ Disclaimer This analysis is for educational purposes only — not financial advice. Always manage your risk & use proper stop-loss levels. 👍 If you found this analysis helpful: 💬 Comment your views❤️ Like the post🔁 Share to support the work!
Short
by KABHI_TA_TRADING
31
US Dollar: Wait For The Breakout!Welcome back to the Weekly Forex Forecast for the week of Dec 1 - 5th. In this video, we will analyze the following FX market: USD Dollar The USD is bearish-neutral. It had a bearish close to last week, but did not close below the low of the previous week. This could indicate more consolidation coming. Wait for price to trade above or below Friday's candle, and let that be your guide for the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
TVC:DXY
by RT_Money
CORE5 WEEKLY WARMAP — 1 DECEMBER 2025The market opens the week with the dollar locked inside a well-defined range between 97.67 and 99.98. Price is sitting near the mid-zone around 98.60, showing no structural breakout. Until one of these levels is taken out with conviction, this is a rotation environment, not a trend environment. Yields continue to firm. The 10-year is up about 1.63 percent and the 2-year roughly 1.66 percent. Higher yields paired with a rangebound dollar create a more selective backdrop for risk assets. ES holds strength inside its upper band, but rising volatility signals a shift toward more two-way movement. Gold liquidated last week’s high and remains in a two-month bullish range. Across the six-chart grid, the underlying message is the same: strength on the surface, tension underneath. The calendar is dense. ISM Manufacturing, ADP employment, ISM Services, trade balance, consumer credit, Michigan sentiment, and the full employment situation report arrive in a tight cluster. Each print feeds directly into expectations for the Fed’s December path. Through the CORE5 lens, the dollar’s range defines the entire week. Market Structure confirms a rotation box. Dynamic Geometry shows price in discount, favoring fast intraday swings rather than smooth trends. Volume Flow flipped bearish last week after failing the bullish daily range, turning prior volume shelves into supply. Order Flow across FX pairs remains bullish, removing justification for blind shorting of risk assets. Execution must stay high-frequency, level-to-level, and based on clear confirmation. The weekly thesis is direct: markets are being driven by firm yields and a heavy sequence of U.S. data. This is a reaction-driven week, not a predictive one. Intraday rotations offer more clarity than directional conviction. The takeaway: the dollar remains inside its box, yields are firm, and volatility is rising. Treat every level as a behavior test. Trade the rotations, not your opinions. — CORE5DAN Institutional Logic. Modern Technology. Real Freedom.
CAPITALCOM:DXY
by CORE5DAN
EURUSD Channel Up peaks on this trend-line?The EURUSD pair has been trading within a 10-day Channel Up and is currently on its 2nd Bullish Leg. Both previous rallies since October got rejected on the Lower Highs trend-line shown on the chart. With the 1H RSI already overbought, we expect the Channel Up to peak there again and make at least a -0.50% pull-back. Our Target is 1.15900. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
2
USD/JPY - H4 - Breakdown Watch!(29.11.2025)📝 Technical Description FX:USDJPY USD/JPY has been moving inside a clean ascending channel on the H4 timeframe. Price is now sitting inside the Reversal Zone, struggling to break above the channel’s mid-line resistance. A bearish correction is possible if the market fails to reclaim the upper zone. This setup remains a pending order, and requires confirmation before execution.* 📊 Trading Plan (My View)🔻 Bearish Scenario (Primary Setup) If price rejects the Reversal Zone, expect a bearish channel breakdown. Target a correction toward the key support zones shown on the chart. 🎯 Key Levels Reversal Zone: 156.300 – 156.500 Support Zone (Target): 153.093 ⚠️ Today’s Fundamental Updates – 29 Nov 2025 1️⃣ Bank of Japan Policy Sentiment Shifts BoJ Governor Ueda hinted that an interest rate increase may come sooner, as the government boosts spending to stimulate the economy. ➡ This generally strengthens the JPY, increasing downside pressure on USD/JPY. 2️⃣ US Dollar Weakness Drivers Rising expectations of rate cuts from the Federal Reserve. Treasury yields softening due to recession worries. ➡ A weaker USD supports the bearish setup on USD/JPY. 📌 Summary Strong channel resistance + bearish fundamentals on USD → JPY = High-probability reversal correction setup once confirmation appears. ⚠️ Wait for breakout confirmation before entering. ⚠️ Disclaimer This analysis is for education only. Not financial advice. Always trade with proper risk management. ❤️ Support the Work If this analysis helped you,👉 Please LIKE 👍 & COMMENT 💬 Your support motivates me to post more high-quality setups daily! #usdjpy #forex #forexanalysis #priceaction #channelpattern #technicalanalysis #fxsignals #tradingview #chartanalysis #jpy #boj #fundamentals #usdweakness #reversalpattern
Short
by KABHI_TA_TRADING
40
Forex: Weekly Review It was very pleasing that, by and large, the week starting Monday 24 November was a 'risk on' week. Following on from the 'WILLIAMS' comments the previous Friday, the positive mood was enhanced by some 'goldilocks' US data on Tuesday. And the 'risk on sentiment' remained for the rest of the week, briefly taking a pause during Thanksgiving. But returning for a final flourish on Friday. Given how difficult the past few months have been, this week's 'narrative and price action' was comforting and encouraging , trading is much more straightforward when the overall mood is positive and I begin the new week continuing my bias for 'risk on' trades. But it should be noted that it would only take some 'hot US data', or a 'hawkish comment' for the uncertainty to return. And that's without mentioning anything the BOJ or President Trump could send our way. And as ever I'll be keeping any eye on the VIX and the S&P along with keeping up to speed with the narrative. In other news, the AUD, NZD and GBP had 'good weeks', obviously boosted by the positive environment but also their own fundamentals, 'hot' AUD CPI, a 'hawkish cut' from the RBNZ and the UK budget appeased GBP sentiment. It's a slow process but peace in the UKRAINE creeps ever closer (EUR and GBP positive) and finally, 'hot GDP' boosted the CAD on Friday, it could well be that (similar to NZD) front loaded rare cuts are filtering through to the economy. On a personal note, it was a week of two trades, both 'risk on' and both short USD. A EUR USD on Tuesday, post US data. And a GBP USD post UK budget. It is pleasing there could have actually been another trade or two in there. And any trade could have been any type of risk on concoction. I unfortunately missed Friday due to (once again) out of the blue uncle John duties. Not to get too personal but I have a nephew who has down syndrome and autism and I'm happy to shoulder some if his care when it's required. I begin the new week feeling a little more emboldened than the previous couple of months. But it is prudent to be aware that anything can happen at any moment to flip the narrative in its head. Let's see what December brings.
Long
by johnelfedforexblog
1
USD - A Month of Resistance at Prior SupportThe 100.22 level continues to be a massive spot on the DXY chart. Bulls have been in control ever since the Fed started cutting rates in September and that's similar to last year. But, unlike last year, buyers haven't been able to extend the breakout as its been a more grinding affair so far this Q4. Notably, however, bulls aren't yet out of it. The 100.22 level first came back into play on August 1st before reversal showed around the NFP release. But it was back in the picture in early-November. At the time, EUR/USD had started to re-test the 1.1500 handle and GBP/USD had plunged with its weakest RSI read on the daily chart in more than two years. But in DXY, support held at a major spot - 98.98, which is the 61.8% Fibonacci retracement of the 2021-2022 move. This led to another bounce and another test of 100.22. For this round, the level was tested for five consecutive days into this week, until sellers were finally able to provoke pullback. But, so far, bears haven't been able to get below the recent higher-low so there's still a claim to bullish structure on the daily, and that aligns well with the bearish backdrop on daily EUR/USD. For shorter-term support, we're seeing a familiar level back in the mix at 99.40, helped to set the highs back in June. If looking for USD-weakness, GBP/USD can be compelling. For USD-strength, USD/JPY is more attractive currently. And for both EUR/USD and USD, it's that 1.1500 level in the major pair that stands out as significant. - js
TVC:DXY
by FOREX.com
DXY bottomed and is starting the new Bullish Leg.The U.S. Dollar index (DXY) has been trading within a Channel Up since the October 01 Low last week even broke above its 1D MA200 (orange trend-line) for the first time since March 05 2025. Technically, that is confirmation for the long-term continuation of the uptrend. As long as the 1D MA50 (blue trend-line) holds, we expect DXY to start the new Bullish Leg of the Channel Up as yesterday it hits its bottom. There is a high symmetry between the last three Bullish Legs but since the 'weakest' one has been +2.17%, we have a Target at 101.100. As you can see, that would even test the 1W MA50 (red trend-line), which is the natural long-term Resistance of the market. Notice also the 1D RSI bounce on its 2-month Support Zone as well as the just formed Bullish Cross on the 4H MACD. All perfectly aligned with bottom formations signaling buy opportunities. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:DXYLong
by TradingShot