... picking up pace. - A lot, lately! TLTR The war in the Ukraine was essentially over the day it began. Now, with western interests notably starting to fade, it will start to make it's way to the back pages of daily reportage. Why was this even an issue of US interests, to begin with? ... Washington had this far fetched dream - although, not entirely without...
i have been following dxy for about a week and been tracking to the t to help with getting in and out of dxy pairs when this move is ready to go up ill be looking to sell gold and a few other usd pairs like eu
The PetroYUAN is competing with the petroDOLLAR now and is causing concerns amongst the US economy. As BRICS gather forces and continues growing as oil rich countries are also joining forces with BRICS to fight against the petroDOLLAR. Other economic factors why the DYX is looking weak are: -Inflation: High inflation can erode the value of a currency, as it...
Good Day traders. So as the week passes by with a nice bull move of 7.20% for the week, i am still looking at a long Bullish move to our zone 2 or past it to the high of our fib. We might still see a retracement back to my zone 1 where we see a clear previous support and resistance level. If this support is rejected i will be looking for buys if it has a ...
Long term USD/EUR idea. Cycles are up for the dollar until June, but are down again after that until end of the year. It will be volitility and that will creat opportunity. I play FXE often when trading the EURO, and i trade inversely correlated instruments to the dollar to trade aginst it. Example Dollar goes up, gold goes down or Gold goes up dollar goes down....
I am attempting to call a bottom here on the DXY, time will tell but we have some pretty good reasons to believe that the action will start soon. UVXY is moving up , stocks are getting hammered and thus I think this bull flag formation could play out well. Momentum and rsi moving up potentially and smart money could be buying as well. Target is the extension of...
DXY (USDOLLAR) has definitely broken out bullishly, its just the question how bullish is it? I think I have found where the bulls want to go. The cancel emoji is the target. This completes the pattern that can be seen with the other cancel emoji and the hand down emoji being in the middle. This is all along the thick white diagonal line which wants to be hit by...
Red dashed line showing a resistance that has recently turned into a support with a strong move upwards Strong green line showing a strong uptrend These come together nicely forming a triangle I expect this to lead to further bullish continuation along the green line as price progresses, as suggested by the green bars pattern
Hello dear traders, I hope you had a nice rest and weekend, currently in a few hours we are starting a new trading week, so let's take a look! BItcoin has been setting the trend for us in the last few months, especially during the Asian session when there were always the highest trading volumes which of course then set the trend. Since last weekends significant...
Us dollar long.Many people was looking to go short on it, I will try for long. 1-Trend line Long. Weak break down for me. CFTC report still long on USD. Keep in my eyes and will see. I take on H&S long
US Doller very log time this type of move i will see, This is good for the Indian and other currencey
Again pertaining to the Macro environment, it is a good idea to be on the long dollar side of things. More importantly is the set up based on the long duration. The Reward Risk on this one is not the best but that's because this will be one of the long term foundational holds. Keep in tune for our instructions on moving the stop loss to a more favorable position...
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 correlation between GOLD and USDX now is ready to react to the extremely positive NFP data today, check the related idea for more info
Australian inflation surpassed estimates in the third quarter, reaching a 32-year high, and the Reserve Bank is expected to raise interest rates again to battle inflationary pressures. Rising rent and fuel prices were the primary causes of the reading being higher than expected, as Australia grappled with high borrowing rates and rising commodity prices. Food...
The price of gold has fallen significantly since it crossed the $1,670.00 barrier. The US dollar index (DXY) has become extremely volatile due to rumors that the Bank of Japan (BOJ) intervened in the FX markets to strengthen the Japanese yen, which has put some fair selling pressure on the precious metal. The Federal Reserve policymakers are expected to raise...
Despite limiting its highest daily gains in a week, WTI crude oil remains in a flat trend. US government representatives have stated that they are prepared to release 15 million barrels of oil from SPR. In contrast to repurchasing shares and paying dividends, according to Biden, oil firms should increase output and lower gasoline costs. He said, “My message to the...