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
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.
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DXY currently is in a 'hard-to-tell' situation as I was expecting it to jump to 93.7 which it didn't manage to achieve last week. However it did achieved 93.524 and fell after retest for the second time hitting exactly at 93.524. So my assumption here is that there's big sellers available at this level that managed to push price down.
DXY is still in uptrend in...
After a bearish movement from 93.50 to 91.90, Now DXY corrected to .786% fibo ret and again time to goes down.
Fed announcement was not surprising and Powel said we waiting for next move job claim and NFP to start tapering.
So, I think DXY will weak until next month data.
As we can see from the chart i have labeled a 5 wave bearish impulse in a form of an ending diagonal, we are currently in a abc corrective structure of which the c has already completed 5 waves which are in conjunction with the left shoulder of the head and shoulder pattern also highlighted. This is more confluence for the EURUSD buy idea i posted yesterday.
DXY chart Hopefully create bearish butterfly pattern. Now market
impulse wave 93.050 to 92.950 support zone. If break out 92.900 resistance zone
then market goes buy to 93.378 & 93.500 zone. If the market break out 92.600
resistance level then then market goes to 93.800 resistance zone. If breakout
92.800 support zone then this case is invalid.
DXY chart create bullish butterfly pattern. The market goes little
Up to 92.816 resistance zone then huge fall to 92.316 & 91.886 support
zone. If the market break out 93.250 resistance level then then market moves up.
Hey t radomaniacs,
DXY trying to break the trendline 👉
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
Wanna see more? Don`t forget...
There's a very much needed correction before US dollar moving higher. A deep one :D
DXY is still in decline from monthly chart, and have just met up with its monthly 100MA, from which it struggled a bit (and then surpassed it).
Weekly it has a nicely forming W pattern, from which it can move up quite a bit further up, but I feel it's no higher than 94.
daily on the near oversold, other lower TF RSI are heading to lower than 45. Combined with fundamentals as well as the rising wedge, I consider DXY going down in the coming week if not today.
GL (NOTE: I don't trade DXY, only check it for other USD pairs )
Currently in EU Long, Partials have been taken. Executed trade on the 1min and lower. Hit he back of my modified 15min range. Waited for a momentum shift of buyers to come in the market. Started making higher highs and higher lows . This was a Confirmation entry. I Will target higher, Just being mindful we could push down again. % has been made for the day....
Currently in Eu long. We have currently swept Asian lows, Eu is still in a big sell Range. Liquidity is building up, We could expect asian highs to break, There is a lot of IMB on the higher time frames above.
Today's Russian inflation data could increase market bets of an interest rate hike by the Russian central bank in August.
Against low-interest-rate yielding currencies like the U.S Dollar and Euro, we could see a stronger Ruble as long as the risk of U.S sanctions on Russia does not persist.
Russia’s inflation currently stands at...
its getting tricky for the US-DOLLAR as the market is very news-driven since inflation is such a hot topic!
Last week and before we have seen very crazy move as soon as economic data got released.. from bad NFPs to high inflation-data to worse retail sales.
Technically we see a potential breakout below the trendline of the daily-chart and...