usdx has made a sharp bottom in my opinion it has completed an impulse move and now a corrective move in a down trend it can go up to the retracement levels marked on the chart however it has to be remembered that this is a corrective move only not a start of an uptrend or any impulse move so have to plan accordingly 101.5 on the downside is a key level until it...
USDX is in an uptrend. If the price remains above the level of 103.29, it is possible that it will test the resistance of 105.15 in this zone if it fails to break through. In the short term there is a chance that the price will fall. Wait to sell the red zone, the first target is 103.294 >> GooD Luck 😊
Lets see if this is a false break or true break. I am expecting a short term bullish for DXY.
COT: Dollar has weakened significantly since mid NOV-22 Driven by institutional selling of long contracts since begin Q4-22 Assisted by accumulation of short contracts sinds JAN-23 Outlook for Q1-23 remains sideways to down Next downside level is 99.60 FOMC & NFP: Before another drop below 100 big figure a retrace is likely 103+ will likely be...
XAUUSD Bullish on the weekly chart, still above 10 and 15 day EMA as well as 50 day SMA. Good distance between 10 and 15 day EMA. XAUUSD Neutral on the daily chart 10 day and 15 day EMA have touched one another, but haven't crossed. XAUUSD remains above the 50 day SMA XAUUSD Bearish on the 4 hour chart 10 and 15 day EMA have crossed with 15 day EMA now above...
In short term Elliott wave sequence, EURUSD favors pullback in wave 2 started from 1/26/2023 high before upside resumes in wave 3. It is correcting in wave 2 in 3, 7 or 11 swings against the bullish sequence from 1/06/2023 low and expect to find support at extreme areas before turning higher. Since 1/06/2023 low, it placed ((i)) at 1.0868 high in wave 1. Below...
The dollar has been ranging for well over a week. This could be price bottoming out, but before we make that assumption, there are steps in between before knowing for sure where the dollar wants to go next. My dear traders, if you like this idea or want to share your kind value, place it in the comment section below and like the idea. I appreciate you 😌
The USD index has been in the demand zone for some time, but it cannot break out. In my opinion, the price wants to continue its path down a little more before it starts to form a new short-term uptrend.
- Seasonally USD is weak in DEC - COT: Asset Managers in charge of Dollar pricing - COT: Asset Managers in distribution-mode since SEP above 110.00 - S&D: 100.00 is Weekly demand-zone offering liquidity to buy back shorts - COT: images2.imgbox.com
Looking for a drop to 1.30 big figure COT: Looks like Institutional switching from acc. to dist. CAD shorts COT: USD longs in dist. mode since Q4-22 COT: Both developments spell more downside for USDCAD Pivots: Q1-23 starts with selling the Qarterly Pivot Pivots this predicts Quarterly S2 TA: Daily downtrend evolving with a HH > HL > HH > HL...
Looks like EURUSD is heading for 1.1250: 1500 Pip Seasonal run from 0.975 to 1.1250 Dollar is weak(ening, looking for USDX to drop below 100 While Dollar in weakening-mode EURUSD is going strong COT Longs: Institutional Investors accelerated their long position COT Shorts: Institutional Investors pauzed their short position
Previously, it could be seen that DXY, the price has dropped, let's test the key support zone 101.560 Here we expect a chance of price reversal. Wait to buy the red zone, targets 103.75 and 105.25 >> GooD Luck 😊
Looking for a drop from Monthly Pivot to Monthly S2 in JAN
Hi Tradingview Family, Shaquan here. Today I noticed the Dollar Index(DXY, USDX) made a new low. What this tells me is the sellers still have control and it's time to look for another selling opportunity on USDCHF while buying EURUSD. I'll be going live on Trading-view at 8:00 pm EST. tonight to cover the in detailed analysis while sharing with you the 10 tools...
Hello TradingView! This is going to be my first ever analisis I publish, so please, keep this in mind while you are executing your trade. This is not financial advice. We have seen an amazing bull run in Gold these past weeks ever since the Dollar (DXY) broke down. Now that the price is consolidating in an ascending wedge, while the DXY is correcting, some...
The dollar index continues to weaken. The rate is moving towards 100. This trade will be held until Sl and tp. Due to the weakness of the dollar, the stock market is expected to recover. Will buy if it reaches sl rate.
Expect more weakness for USDX. DXY is going to retest the trend lines.
- SEP FOMC meetings pivotal post-Covid ACCUMULATION: - From FOMC SEP 2020 until FOMC SEP 2021 price was accumulating in a range - From FOMC SEP 2021 until FOMC SEP 2022 price was trending up MARK UP: - Trend progressed in 3 COT-stages: 1. Re-accumulation (Large COT increase while price remains relatively depressed) 2. Mark Up (Limited COT increase while...