DXY create ab=cd pattern. So BUY Now.....
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.
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Usdollarlong
U.S Dollar Analysis - USD/JPY & EUR/USD In this video, I breakdown why the U.S Dollar is bullish against the Japanese Yen and maintaining its strength against the Euro, as the central bank, ' The Federal Reserve", is raising interest rates aggressively in 2022 to deal with high domestic inflation.
This is in contrast to the European Central Bank and Bank of Japan, which have pledged to keep interest rates low, due to low inflation expectations over the coming years.
I will show you how Bond yields drive currency markets when rising yields in the U.S pay a premium over Europe and Japan when there is a divergence in monetary policy.
Enjoy!
Was the U.S. & China Involved in Bitcoin Price Suppression?Today let's take a look at something I've uncovered regarding top bitcoin hodl'ers, price suppression, and ...is this a bullish indicator for bitcoin and cryptocurrency as a whole?
TradingView Peeps. House rules state that I cannot provide any links in this description. In fact, I cannot even hint at where you may be able to find them. So... I don't know?
Is Russia Setting Crypto up for Success?In this video:
(0:00-3:00) Recap news: Ukraine, Russia, Coinbase, Crypto Illiquidity
(3:01-4:25) U.S. Dollar Strengthening
(4:26-5:14) VIX up
(5:15-5:44) Indexes Down
(5:45-6:38) Bitcoin Dominance Rising!
(6:39-8:20) Bitcoin Rising but still under significant resistance
(8:21-12:56) Is Russia setting crypto up for success? Could they be planning to subvert the U.S. Dollar?
(12:56-End) Outro
DXY (US-DOLLAR) testing a potential reversal-zoneHey tradomaniacs,
What a wild ride today in the market.. I can just shake my head as we`ve seen a complete whipsaw with the US-Session.🙈
Yep.. its monday and the last day of the month which is often shaky, especially now ahead all these events.
Looking at DXY (US-DOLLAR-INDEX) we can clearly see a re-test of a strong support-zone which is getting tested right now.
The S/H/S-Breakout got faked during the london-session, which was for me a great evidence for a long. After that we`ve seen a fakeout above the secondary trendline of the head and second shoulder and so a break down with risk-on in equities.
US DOLLOR INDEXThe weekly price chart below shows the U.S. Dollar Index printed a large bullish candlestick last week, after previously rejecting the support level at 12257, which closed relatively close to the high of its range. The price ended the week at its highest weekly close seen in 18 months. These are all strongly bullish signs for the greenback. The dollar was boosted by last week’s Federal Reserve release which suggested 2022 will see higher and faster rate hikes than had been widely expected.
Overall, it seems clear we have a very bullish picture in the USD over the long and medium terms, so it will probably be wise to trade in the direction of long USD over the coming week.
US-DOLLAR really falling after NFPs? I doubt it.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 result since december 2020. This clearly shows a cool down in the NFP-Sector and is overall bearish for the US-Dollar.
Unemployment Rate: 3,9% and a positive development considering that previous rate has been at 4,2%. Overall bullish fort he US-Dollar.
Average hourly earnings: 0,6% and way higher compared to the previous month.
This is overall bullish for the US-DOLLAR due to higher inflation.
Average weekly hours: 34,7 and less than expected.
The problem here in my opinion is the fact that earnings per hour soared while less jobs were created. This is a typical sign of inflation and part oft he wage-price-spiral.
Considering that FED has to and will fight inflation as its priority number one after their „transitory-fail“ to gain back reputation Jerome Powell & Co could turn from best friends to fiends for the stockmarket as financial injections probably won`t be an option anymore, whether the economy cools down or not.
This is clearly negative for the overvalued equity-market but not by all means for the US-Dollar.
Simply put: The FEDs in a quandra.
Can`t provide more liquidity due to high inflation to push growth and employment and has to hope everything is going to be fine.
Rising yields do indicate expectations for higher inflation in the market and would offer an alterantive to stocks in the near future (Bonds).
They are also generally good for the bank-sector and obviously not good for tecs due to high costs which are not as easier to finance with higher interest-rates.
But here is a catch.. we know how irrational but faithful the market is... if it turns out the market hopes the FED to ignore their plans and "slow it down" in order to boost the economy again if future results are not as good as expected we might see another rally in stocks and so a falling US-Dollar. This would be more like the less likely scenario in my opinion...I mean Bidens is on Powells tail.
Risk-Off is generally good for the US-DOLLAR as a safe haven. If FED continues as announced and planned the US-Dollar is likely to move up while this move turns out to be a fake.
One of these charts is lying, but I see a higher probabillity of a rising US-Dollar under these circumstances.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Can The Bulls Push The Dollar Higher?The Dollar index topped 96.00 last week and is now retracing. The bulls can potentially push price higher again if price can stay above the higher low at 95.51.
In this video, I've also added USDDKK which is a positively correlating currency pair. Take look and be sure you're following me here on Tradingview and Youtube(SLFX Trading).
Have a safe trading week.
USDOLLAR Analysis - Symmetrical Triangle 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)
US DOLLAR INDEX : UPTREND | SWING TRADING | NEW BULLISH IDEA.Welcome back Traders, Investors, and Community!
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bias on long but chart tells no1H, 2H, RSI approaching to over bought, 4H approaching to over bought
also on a potential rising wedge.
my trade setups are based on fundamental figure to be released: expecting a stronger USD, therefore it's against what I draw on my chart. (My chart indicates that once DXY reaches 94.60 - 94.63 area, it will drop)
so currently if my chart is right, there'll be a fight against fundamental data if US data to be positive; however if US data is negative, it will be a catalyst to drag the DXY down very aggressively (possible back to 93.4-93.5 area).
move up from here, or otherwise go back further downDXY has been struggling in the past few days, it has not managed to push higher nor has it managed to go down below 93.496.
It formed a double bottom (19th low and 21st low) but didn't enjoy a smoothly upward journey, instead it jumped and immediately got crippled multiple times. It had a brief green moment on Friday after Powell's speech but got dragged back down in no time.
My thoughts on DXY is that if the broadening wedge on daily is respected, then the price should go above 93.727 and maintain always above (which it failed a few times last weak).
I'm still bias to DXY bullish because it hasn't fallen below 93.360 which it invalidates my bullish idea; but neither has it reached above 93.727 which is a confirmation of further upward move.
NOTE: if it goes up with a confirmation (above 93.727) I'd expect it to go higher reaching even higher than 95 so that'll be record breaking move in the coming weeks (or otherwise, going downhill miserably). Let's keep an eye on this.
Since Powell has made it official on both inflation concern and tapering, let's wait for a few more days and see how market reacts.
GL!
US Dollar Index - BullishOn the monthly timeframe, the Dollar index completed its fourth correction in the previous quarter with a clear flat ABC correction at 50% of wave (iii) and price made a perfect rebound from the ascending support. We could potentially expect a further upside to 2.618 ($120.394.) of the Fib retracement or around 2.0 ($108.684), the area where the ascending resistance lies. Invalidation for this bullish scenario is at the end of the fourth wave terminus ($88.3).
DXY fully powered upDXY blasted its further breath in the last few hours and managed to break the 93.18 level which was deemed to be a level that many considers a reversal/head & shoulders/correction were needed.
The end of the US session left DXY with nearly no wick on the highs of literally on most time frames last candle - telling all US pairs that "I'm not done yet"....
Looking into the RSI, it's close but not yet reaching to over bought level.
Given the fact it's successfully broken through the historical key resistance level around 93.180, I expect a quick retest (because current price is not far away), and then decide which direction to move on. For the moment, I am surely bias it will continue going further up.
93.430 is another immediate level of resistance, if it breaks, undoubtedly it will revisit 93.726 and this time if it does revisit, I expect it to break it too and move up above the mini uptrend channel (within the weekly uptrend channel)
Another reversal scenario : considering the rising wedge (to be confirmed in the next moves), it may possibly change the tone and go downward, I'm bias on bullish dollar, just be aware of its possibility.
Next week may as well just be consolidation week, you never know.
Note: I do not trade DXY but use it heavily for analysis of other pairs.
Possible to continue going up this weekJourney to the upside resumes. On monthly chart it's huge June engulfing green candle is showing it's power of support to the upside. On weekly, it continued to create higher lows despite of past 2 week's of downtrend movement. On daily, it was near the edge of breaking out from newly formed uptrend channel, but managed to bounce back up in the past few days.
The September bounce reversal point was roughly at 0.382 fib retracement of this year's gain (low Jan to high August), so if DXY can maintain it's position, break through 92.655 and stay above, I believe we'll see a green week and potentially more.
Entry: 92.520 or 92.685
SL: 92.291
TP :ultimate at 93.723; reasonable at 93.173
however 92.865 is an immediate resistance, with next at 93.173 and ultimately at 93.723 - If it does reach 93.723 which is very challenging, a deep retracement should happen immediately after breaking it.
Expected: 1 week
DXY create bearish butterfly pattern. So, BUY NOW....
DXY chart Hopefully create bearish butterfly pattern. So market goes
to 92.800 and 92.850 Neckline zone. If break out 92.900 resistance zone
then market huge buy to 93.000 & 93.270 zone. If the market break out 92.350
support level then then market goes down to 92.000 support 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 signals
If you like this idea, do not forget to support with a like and follow.
Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.