Head and Shoulders has formed on Daily. It didn't even complete a decent looking right shoulder, which shows how strong the bears were to push the index. Moving averages are all bearish with 200 >21 > 7 MA. The interest rate hike has shifted attention to possible inflationary measures in the future for the US. This has resulted in Investors taking their money...
DXY on critical support zone + bullish order block that can move upward to fill the empty boxes, my thought is drop will happen. I think gold will drop in opening next week around 1797$ around bearish order block in 1h time frame. TVC:DXY
US index is being controlled and it will not fall that easily. The price movements for the past 2022 looks to me like they were all happened by either greedy or panic trades. At this moment, 50bps rate hike should pump the US index up a bit in the coming weeks. Until around Q2-Q3 of 2023, this should be the time when USDX starts falling. This is only my opinion...
It can be seen that the dollar index price Has dropped as expected on November 14, 2022. The price is now in the key support zone. Expect a chance to rebound, buy the red zone, target 105.3 and 107.1 >> GooD Luck 😊
The dollar had a nice rally and is about to collapse .. the rally was markup and we are gonna see a retest towards 106 must break down the 106 level then it's bullish .. building short positions starting from the September candle, especially above 109.900 and going full short if it touches 119.600 .. its a large zone so give it space and dont rush, its worth it ,,...
Here is my idea on DXY. If this happens, US30, NQ100 will go down. Trade at your own risk.
- Seasonally AUD is strong in DOC - Seasonally USD is weak in DEC - Institutions bought below 0.6250, looking for 1000 Pip Mark Up - Seasonal target is 0.7250 before USD gets strong again (in JAN) - Correlation: NZD is leading, AUD is lagging - COT confirms the move higher
- Seasonally spoken NZD is supposed to be the strongest amongst the Majors - USD is supposed to weak in DEC - Seems like Institutions bought below 0.5750 - Looking for an offset 1000 pips higher above 0.6750 - 0.6250 = Previous Year Middle = Imbalance = GAP = Support - Volume preceeds price on the Daily - COT shows Asset Managers accumulationg longs and...
- Seasonally spoken NZD is supposed to be the strongest amongst the Majors - USD is supposed to weak in DEC - Seems like Institutions bought below 0.5750 - Looking for an offset 1000 pips higher above 0.6750 - 0.6250 = Previous Year Middle = Imbalance = GAP = Support - Volume preceeds price on the Daily - COT shows Asset Managers accumulationg longs and...
- Seasonal: S&P is supposed to be strong in DEC - Seasonal: USD is supposed to be weak in DEC - Pattern: Q4 created a W + 1st push, 2nd push is to be expected after stophunt - Technical: Bullish break of Market Structure on the Daily in OCT - Efficiency: D1 overlapping Gaps + Imbalances offer support around 3900 and 4000 - S&D: Weekly Supply-zone at 4500 with...
- If we can predict the dollar index, it will be easy to predict other combinations against the dollar. - EXMA 200 and double bottom support can be a bullish signal. - The dollar is expected to strengthen in the short term by correcting the movement.
I don’t think DXY is bottomed yet. Wait for down confirmation and we can expect to buy some USD related assets.
- Seasonally EUR is strong in DEC - Seasonally USD is weak in DEC - COT-data supports higher prices - Looking for a run from DEC Pivot to DEC R1 = 1.0750
Seasonally Gold is strong in DEC Seasonally USD is weak in DEC GOLD Speculators COT-data supports this outlook Speculators accumulating longs while distributing shorts Looking for a run from DEC PP to DEC R1 = 2022 Yearly Open COT: images2.imgbox.com
Looking for a weakening Dollar in DEC Seasoanlly Dollar is weaker end of year Run from Monthly Pivot to Monthly S2
- Looking for US5Y-Yield to move above DEC Monthly Pivot - Followed by a drop to DEC S1 = GAP - Dollar-Index should follow Yield and weaken after 1st week of DEC
Check out the trade plan for DXY today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! DXY has revisited the key level as expected and showed through our previous analysis and here we are expecting a possible bounce back on the highlighted area as...
Hello everyone, hope you're all had a good weekend. So let's start with the basics, on the USDX and the US BONDS YIELD we're having like a start of a reverseal. Can it be just a correction or a continuation in the bear market ? let's take a closer look at it and have more confirmations at the end of the week