looking bearish trend in 4h timeframe beacuse follow 12345 waves pattern
Here is my latest structure analysis for Dollar Index. Resistance 1: 105.00 - 105.10 area Resistance 2: 105.68 - 105.88 area Support 1: 104.28 - 104.7 area Support 2: 102.60 - 103.10 area Support 3: 101.75 - 102.00 area Support 4: 100.55 - 100.68 area Support 5: 99.57 - 99.75 area Consider these structures for pullback/breakout trading. ❤️Please, support...
Top-down analysis for Dollar Index. Daily/4h outlook. Price action. Key levels. Scenarios & thoughts. ❤️Please, support this video with like and comment!❤️
This right here is fresh new US Dollar analysis. It will form the basis for future ideas. I have taken my bull and bear views of late and dissected them in order to find inaccuracies in the analysis. To make assumptions based on incorrect long-term analysis is like shooting yourself in the foot. The thing is that I have gotten used to doing this and going back...
Thanks to the Aussie Dollar analysis we can now assume that the US Dollar has not topped out yet. There is one thing I forgot to mention in this video which may or may not be of interest. If Wave 1 is the shortest or rather small, then Waves 3 and 5 tend to be similar in length. That could be troublesome for the markets. Let's see how this unfolds. Remember ...
Trying to draw comparisons between the US Dollar and the Aussie Dollar isn't easy right now. Aussie Dollar could be in the beginning of an unconfirmed third Wave and the US Dollar could be setting up for one. Now that we have narrowed down the view to that, there is also the strength factor. Aussie dollar is still above its last low whilst the US Dollar has...
DXY fundamental analysis The dollar tumbled after US consumer inflation data fell more than expected in October. Annual headline inflation ECONOMICS:USIRYY fell to 7.7% in October, from 8.2% the previous month and below the 8% predicted. The core measure of inflation ECONOMICS:USCIR , which excludes volatile energy and food costs, fell to 6.3% from 6.6%,...
Hello guys, here's an update on DXY in 2 days timeframe. The US dollar index is currently holding long-term support ever since early 2022. In this span of 10 months, we have seen the DXY bounce back making a higher high. This allowed DXY to form a nice rising wedge pattern and now once again we come to the point where DXY will either bounce back or break down. I...
Similar Up Channels can be drawn, with the period in the middle being a period of low / no growth Early growth can be used as an indicator of future growth? The horizontal white line is a baseline, very strong support
The US dollar has defied gravity this year, rising 15% so far, with the DXY index on an exponential upward trend since May 2021, owing to strong macroeconomic factors that continue to support the Federal Reserve's plan to keep raising interest rates aggressively. From the DXY monthly chart, we can see that the long-term major trend is still well in...
Rising Wedge is apparent on this Weekly timeframe Rising Wedges like to act bearishly The bearish breakdown once it occurs should push price to the green dotted horizontal
US Dollar Index Long | Small Risk, Huge Reward | R:R +11.6 Position 1 Entry @ 105.762 Stop Loss: 105.500 Primary Take Profit: 107. 250 Swing Take Profit: 108.800 __________ Position 2 Entry @ 105.710 Stop Loss @ 105.080 Primary Take Profit: 107. 250 Swing Take Profit: 108.800 ___________ Use the Risk-to-Reward Visual Trade Levels For Risk...
In this situation DXY chart create Bearish butterfly harmonic pattern. So, market need to seems sell correction 107.3000 & 106.650 support level. If breakout 108.620 resistance level then market will go 110.00 level.
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N.B-In this situation DXY chart create ab=cd pattern. So, Market needs seems to sell correction To Support Zone. Then market fully bullish 100.400 AND 100.850 Resistance Zone. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell...
In this situation DXY chart create Symetric Tryangle Megaphone Apex. So,If break out 99.00 risistance Zone then market goes to 99.200 & 99.400. If breakout 98.400 support zone then market goes to 98.00 support zone.
Today I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1995-2002 with the Price, RSI and MACD resembling the current price, current RSI and current MACD. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price to...
US dollar index got very weak in the last week and had a significant drop. Currently, price is in the correction phase and is retracing the bearish move. As you see in the chart, price is approaching to the resistance level at 95.826, and we should wait for its reaction to this level: 1. If price retests the resistance and any valid rejection happens after...