The dollar index creates a bearish flag after the breakout of the 105.00 level. The market is ready to break the bearish flag because tomorrow is the federal interest rate and Powell's speech a big day. There is also a resistance level at 107.00. If the bearish flag breaks then the market moves toward resistance level.
Despite the idea of a bearish impulse for dollar index I think it will surprise us and goes up. A reliable Head and Shoulders patter is obvious and its Neck Line breakout also happened and the last confirmation for me is to breakout a green zone. For now just wait and see because we can have very good position in EUR if it analysis is correct. Thanks
I analyzed this trade in mid-April when I saw the strength of the dollar. My analysis is based on ict concepts , I relied on seasonal trends, Cot, Open Interest, Quarterly Qhift, Drawn Liquidity, Structure, HTF PDA, Premium and Discount Arrays,
The Dollar Index (DXY) is once again moving towards the critical level of 105. If it does not find support at this level, it could lead to a bearish trend on the daily timeframe. In this case, the stock market and Bitcoin would return to a bullish trend after a slight delay.
Updating my TVC:DXY predictions: 1. Everything hinges on carry trade with Japan 2. Japan is raising rates until they resubmit to negative interest rates this summer 3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency. 4. I...
Always and at all times. All events will occur in the chart. Trend Prediction - DXY Forecasting - Resistance and Support Lines **** Yousef Sharafi ****
Why has the US dollar sunk in the lead up to the FOMC decision? Bloomberg Economics says “We expect Powell to make a hawkish pivot” regarding the FOMC’s decision this Wednesday. Expectations for rate reductions have been pushed further into 2024. So, why is the US dollar underperforming to start this week? And does this open up an even more attractive entry...
Monthly: 1. Direction: Bullish 2. Reasons: 1. price is disrespecting the FVG. 2. A good Displacement Weekly: 1. Direction: Bullish 2. Reasons: 1. Price respected the newly formed FVG 2. massive displacement 3. price is moving from IRL to ERL ...
I would label the correction that has been occurring for the past two months as a running double three (W-X-Y) as depicted in the chart. The W wave is a zigzag and the "running" X wave that retraces beyond the W wave is a zigzag (abc) with the 'a' wave being an expanding leading diagonal as described in my previous post. I will label the correction that occurred...
Notes are in the screenshot. Please refer to the link for the Sunday Weekly Forecast. FOMC tomorrow. Price could become very volatile and unpredictable. I do not recommend holding or entering trades before the news. We'll see how it goes tomorrow. I would like to see that old high swept between tomorrow and Friday. This would mean the bears would be all over...
26th April DXY: Consolidate along 105.60, could retest 106, but likely to range between 105.60 and 106 NZDUSD: Sell 0.5945 SL 20 TP 40 AUDUSD: Buy 0.6550 SL 30 TP 60 USDJPY: Watch for 157, could scalp up to 158 Sell Stop in place, in case of intervention GBPUSD: Sell 1.2520 SL 30 TP 90 EURUSD: Buy 1.0760 SL 40 TP 100 (hesitation at 1.0815) USDCHF: Sell...
TVC:DXY EASYMARKETS:USXUSD EASYMARKETS:EURUSD EASYMARKETS:USDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed...
Current position of DXY is at 105.700 the next target is expected to 105.600 it may reverse to 105.830 then our target is 105.500 to 105.300 to the main support level if it breaks first resistance level then it can fly more so stay focused on bullish This analysis suggests potential trading opportunities based on current market dynamics and key price levels....
The dollar index fell below a significant intraday support level on a 4-hour chart but was unable to close below it. This support could potentially lead to a slight upward movement before a possible retracement. I anticipate a bullish correction for the pair, with a target of 105.34 / 105.56
It takes a long time for the world reserve currency to die, but it is an eventuality. A "When" and not a "IF". This analysis is based on my own bias reading using Elliott Waves, and also on a few other major issues: 1. The US debt of 34.2 Trillion. 2. The atrocities happening in the US and committed by the US worldwide (if you don't know what I am talking about,...
Please pay special attention to the very accurate trend, channels and colored levels. Be careful BEST MT