TVC:DXY
Dollar Bulls are still in control on the Weekly Timeframe.
At this point it seems price is gravitating towards the weekly BSL level @108.000
For Intraday Setup :
- Wait for the Asian Low to be swept then look for buys in the Breaker Block + 1Hour FVG
- Target 1 is at 107.000 & Target 2 is at 108.000
- Apply Good risk management and R:R
N.B this is...
The uptrend is expected to advance to the specified resistance ranges. Then, in the green resistance ranges, it is expected that a trend change will take place and we will witness the beginning of the downward trend
Oil prices rose slightly in Asian trade on Wednesday, the first in five months, as traders priced in lower risk premiums from the Israel-Hamas war and focus now shifted to the Federal Reserve's interest rate decisions. I have recovered from the worst month of .
The market also had mixed data on U.S. oil inventories, showing that while overall inventories...
The DXY recently broke the 106.00 resistance and made new highs on the current bullish trend @ 107.00, before retracing to retest the broken resistance. Last week's candle closed well above its opening, forming a bullish hammer candle. The next bull rum will see the DXY tag previous highs above 115.00.
Only on the slow timeframes can you predict the direction of the Dollar with some degree of accuracy. The faster timeframes are so volatile and misleading. For several months, the DXY has been sitting on this monthly support which was previous support. Earlier this week, FOMC maintained the interest rate of the Dollar at 5.25% for the first time since March 2022....
Expecting price action to continue bullish momentum till 107.500 level if the current VIB of 13 Oct 2023 got respected with candle body closed within or above , Please beware of this week FED Interest Rate Decision and Non-Farm Payroll . . . Be Safe and Good Luck to All Traders . .
The US economy is resilient, as evidenced by new data released on October 31. This is the most recent indication that the US Federal Reserve (Fed) can sustain high interest rates for an extended length of time.
As a result, given the substantial rise in wages during the third quarter, US labor costs rose dramatically. After increasing by 1.0% between April and...
Analysis:
The DXY, which represents the U.S. Dollar's strength compared to other major currencies, seems to be showing a promising pattern. Let's break down what this means in simpler terms:
Bullish Flag Pattern: Imagine a flag on a pole. The flagpole represents a strong upward movement in the price of the U.S. dollar. The flag is a period of the price moving...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
In the 4H timeframe there is a bullish movement for DXY reaching near 107 which is the main resistance level in daily timeframe.
Tomorrow is FOMC meeting so the volatility is high and i think we might see some retracement down from 107 and the the bullish trend will continue.
But I strongly suggest to do not trade near FOMC meeting.
Dollar is printing another bullish engulfing candle today.
As we looked at before the 3 wave flat correction appeared to be the signal that another wave up was in the pipeline.
And so today's bullish engulfing candle may be part of the uptrend; already underway.
As we have looked at before this will most like reach the retracement Golden Window and from there...
CHART: DOLLAR INDEX
TIMEFRAME: H1, DAILY
ANALYSIS: Obvious bullish momentum with sell side grabbed, a continuation of bullish momentum is expected on dollar @ bullish OB with ultimate target still at the macro liquidity void
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want...
Hey traders, welcome back.
The dollar is increasing heavily to the upside as I make this video.
Now we don't know how price will close but it is important to watch how she closes today.
If price continues this could affect the major currency pair market in a mighty way.
All Base dollar pairs could continue to increase while Quote dollar pairs could continue...
DXY currently sitting around 106.324.
Looking at it from a higher time frame I would expect a reclaim to 106.326 to eventually push higher.
Overall perspective on the DXY remains the same as previously.
I will be looking to see IF we reclaim and push higher or fail to create new highs.
Let's see how we move once we get the NY open.
Stay safe and never...
