The USD $DXY monthly chart looks eerily similar to back in the early 1980s when the dollar rallied for months into overbought territory. It then fell for four months straight (DXY has currently fallen for four months straight), and began a multi-year run-up. We are currently in the midst of a GLOBAL CURRENCY WAR in which the US adversaries are trying to devalue...
My eyes can't see a reversal of strong USD yet.
So I'm guessing weak till announcement of NFP or FOMC ( don't knw when )
Do alert. when changes in index.
Till we see a firm break, view is still bearish.
But hodl won't mind fluctuation = increase interest + discount prices = perfect combo for them for few years.
All the best
It is a big week ahead with the Federal Reserve and US jobs, Bank of England and the European Central Bank. My thesis is for a higher US dollar, a sell-off in Gold, hawkish Fed, a hawkish ECB, and firm US wage pressures. AUD/USD is one to watch for a sell-high opportunity in New York trade on Monday/Tuesday perhaps, same with Gold.
Well, as you can see now I believe in a bear market.
Bear scenario: Now we have a market consolidation that results in the accumulation of liquidity on both sides of this area. in addition, we have daily resistance that you can see on the chart that can push the price down.
Bull scenario: The primary basis of this idea is that the weekly Demand zone can play a...
NOTE: This is not a financial advice just my perspective..
This is a detail video to explain where BTC is expected to turn around and also the future short TARGET...
Weekly Volume imbalance is the target, this has been the target for a few weeks now. Major news events later in the week should help price to the target.
Hi guys
DX Y
Friends, very clear and transparent impulse pattern with five waves and definitely a pullback that can be any corrective pattern such as zigzag or flat (even) or complex mixed patterns.
Then moving down again, because eight waves are needed to complete a cycle, and five waves up and then three waves down, and now wave A is formed.
In the end, the DXY...
In correlation with the EURUSD sell signal, we will be buying DXY, do well to like share and follow, have a wonderful day remember to observe proper risk management and do not overtrade.
Currently DXY sits atop of critical zone on monthly. This provides the course of Dollar movement for the 2023 period onwards. A reversal that breaks the level 103.00 would be good for the Dollar, while a move beyond the zone downwards would mean the Dollar crash.
DXY
Analyze
Generally the direction is downtrend as long as price trade under 103.73 - 102.95
weekly chart
like we see on the weekly chart the price goes down slowly especially the last candle so that mean maybe price will reverse for next candle , also the price face the strong weekly support 101.58 and reached twice but cant break it,so the main condition...
US DOLLAR INDEX
last GDP data was strong as compared to its prvevois but down trendline act as a resistance and push the price down again.If price goes up chance to get resist again from thats trendline which push the price to the support
F.O.M.C data Here give a clear direction of Dxy. For trade first find proper price action
Cryptominers, as a rejection of a basket of currencies in favor of Proof of work /stake.
According to natural selection (yes, Drobyshevsky on evenings)
The most average, gray and not so big will survive. Not the best and not so progressive.
$DXY $CLSK $HUT $SOFI $MARA $UPST $HUT
Hello, Friends!
DXY is trading In way
That I predicted previously
And now the pair is retesting
A hidden bank’s level
So I think a bullish move will follow!
BUY!
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