Hey tradomaniacs,
"Asia's share markets turned negative on Tuesday as two-year U.S. Treasury yields topped 1% for the first time in almost two years with investors weighing the risks of a Fed policy rate rise as soon as March."
Read more 👉 www.investing.com
This is the reason why I`m concerned about the US-DOLLAR-drop from last week and have the suspicion...
Hey tradomaniacs,
chaotic market huh?
To be honest... I think the current move of US-DOLLAR doesn`t make any sense.
I keep it simple and short, otherwise I`d have to break the mold.
The data are mixed but do overall show a slowdown in the economy but at the same time rising inflation.
Non-Farm-Payrolls: 199.000 less jobs than expected and the worst...
US Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
This is a chart for the USDOLLAR, which has been inverted to display the nature of a symmetrical triangle
Price can be seen to enter and exit on opposite sides
Using this assumption we can say that price will rise, at it climbs to exit the triangle (inverted)
if dxy can stay below that red resistance probably we can expect dxy going for wave 2 and get a bearish trend for correct at least 50% of his wave 1 that i mention
saty safe and positive in market
if u like may idea follow and smash like plz
I'm Sure You've All Heard The Spiel
The US Dollar Is In Some Deep S**t
After Bottoming in Feb 2021, The Ole
Dollar Has Been Slowly Grinding To
Final Resistance On November 5th
Double Topped Out At 3649
Next Stop Notations On Charts
Detailed Variants of Idea Charts Below 🖼️🎨
FX:USDOLLAR
DJ:USDOLLAR
EIGHTCAP:USDOLLAR
DXY chart short term create heat and shoulder pattern. So market down to
93.920 & 93.600 zone. If the market break out 94.500 resistance level then
this case is invalid.
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 signals
If...
Hey tradomaniacs,
So... the market was waiting for Powell and got the so called "Nothing Burger".
Powells Key-Notes:
1️⃣ Clear progress towards foll employment.
2️⃣ Could be appropriate to begin with tapering this year.
„My view is that the „substantial further progress“ test has been met for inflation. There has also been clear progress toward maximum...
Hey t radomaniacs,
DXY trying to break the trendline 👉
snapshot
The US-DOLLAR is moving very slowly and is dancing at the 4-H-Trendline after an attempt to break through.
Watch this level carefully as this is the quiet before the storm.🙏
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget...
It appears the usd has some room to run still until it reaches a higher time frame resistance area. I expect a volatile week because of significant event risk. inflation and J Powell is on the docket. In my opinion. To start the week, I expect the dollar to continue to fall towards near term support. The usd is vulnerable under 11850.00,in my opinion, and may...
DXY (US-DOLLAR-INDEX) back in trendchannel after a market failed to breakout.
If this double-top-attern gets triggered we could see nice momentum for major-pairs!
Dollar index chart break out support zone 92.500 level and retest that zone.
so, now its possible to reach 92.000 ,91.680 .up to 91.450 level.
dear Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Trend: Overall Downtrend currently in a retracement phase
Key Level: 92.000 and 89.000
Entry Signal: Waiting for price to retest 92.000 as resistance before attempting to break 89.000 key level
