I think it's possible we're going to see a big USD breakout. We certainly have near term trending action for now. While the trend remains valid, I am looking to buy all these 76 retracements and trail my stops under the developing structure.
Ok drew this middle of last week Freak myself out sometimes lol This is my go to pattern no one ever talks about it ever but it plays out time and time again trick is how far and still figuring out best entry. But has broken Trigger line Basically pulled back Compared to the USDJPY USD is struggling to push higher signaling weakness one would assume. ...
this is very tricky and I'm not sure but it seems like FED and HedgeFunds are playing big trap game.
So it appears. Will smash through the key level of 100 and onto the 94 area.. The dollar moves have massive ramifications for every financial asset , commodity & currency. lets see what it gives us.
Hi guys, this is the dollar index I saw on the chart. Based on technical and fundamental factors, the US dollar index is in a strong support zone, which also points to further upside in the next few weeks. I'm looking forward to buying the dollar against other currency pairs because it will be much stronger than it is now. From November 2023, the gap will be...
Will DXY continue to bearish? Below 106 DXY still perform bearish
And I assume that is true, because otherwise, DXY would be trading much lower. Whomever(s) are responsible for one of the nastiest price corrections I have seen are undoubtedly ready to throw in the towel, after wiping the paint off their faces, because deep down they know, they will have to deliver the dollars. Unfortunately, unless they are in that process as...
Please, check our technical outlook for DXY. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 105.078. The above observations make me that the market will inevitably achieve 104.521 level. P.S Please, note that an oversold/overbought condition can...
6th May DXY: Currently consolidating slightly above 105, needs to break 105 support to head down to 104.60. NZDUSD: Buy 0.6025 SL 25 TP 50 AUDUSD: Buy 0.6670 SL 20 TP 55 USDJPY: Test and reject, Sell 154 SL 30 TP 200 GBPUSD: Buy 1.2643 SL 20 TP 60 EURUSD: Buy 1.0805 SL 25 TP 65 USDCHF: Buy 0.9025 SL 30 TP 115 (confirmation for big upside is above...
It is expected that some upward swing will be formed and then the continuation of the downward trend is likely. If the index crosses the resistance range, the upward trend will continue and it can advance up to the specified resistance range.
The trend of the US dollar is as I predicted. This can be seen directly from the trend chart of the Asian market. The U.S. dollar index is currently showing an oversold rebound trend. The key thing to pay attention to is the pressure level above, which is around 105.3-105.5 to see if it can stand firm. In trading, EURUSD and GBPUSD can be sold at a higher price...
The DXY index fell sharply last week, reaching its lowest level since April 10. This sell-off mainly stemmed from a decrease in US government bond yields after the Fed's somewhat "dovish" statement and weaker-than-expected employment data. Accordingly, DXY fell nearly 1%. However, the weekend session saw a rather strong withdrawal, somewhat narrowing the downward...
This Weekly FORECAST Opportunity for DXY. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 105.4/61.80% Chart time frame : C A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : B A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance....
Dollar index weekly chart still looks incredibly bullish long-term. First, we have a basic falling wedge pattern with targets at 1x and 1.5x measured moves up from the breakout of its wedge. As confluence, I've drawn an trend-based fib extension from the Sept 2022 High -> July 2023 low -> October 2023's high from the wedge break (inverted). Items of Note: ...
DXY - LONG I'm expecting dxy to push up from here or little bellow, wait for the buy setups to get it. last week I was expecting to push up but NFP dropped the DXY, but the up way will come. V.Ragu
Monthly: a. Bullish arguments: 1. FVG not respected. 2. Latest candle came back to retest FVG. 3. Latest candle did not took PML b. Bearish arguments: 1. Respected monthly OB. 2. Did not took PMH. 3. A good Displacement. Weekly: a. Bullish arguments: 1. Previous FVG with OB defense...
We are in first week of April , We have to wait for bias ow decide move. just one thing is interest for me, The external liquidity is ready for purge and we are at internal liquidity .