Falling wedge BTC 12hour:I started to look at the possibility of a 12 hour falling wedge on BTC. That coupled with the Dollar setting a daily higher low leads me to lean bearish on BTC for the short term. If it plays out, looking for it to resolve sometime in the next week or two [sy mbol="BINANCE:BTCUSDT"]BINANCE:BTCUSDT
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current DXY chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Some basic support and resistance analysis followed by layering the fib retracement shows confluence between the charted lines based on recent price history from 2020. 100 being the down target and 108 being the possible up target. If we get a drop down on the DXY I expect risk assets to continue another leg up. If we break through the upward resistance I expect...
Confirmation • Buy side liquidity taken out ✔️ • Break in Market structure ✔️ Entry • Above midnight open ✔️ • At Fair Value Gap ✔️ Target • Price Gap 🎯
DXY sell Entry : 104.765 Stop : 105.694 , Target1 : 103.832 , Target2 : 102.911 Risk/Reward Ratio : 2
Dollar Index / DXY. To have my “unblinded perspective ” “unfolded/ unbiased” on charts, I always reviewing “biggest chart” if possible as “the biggest picture = “stored “ the “stronger” energy ( support/resistance).. We probably @ wave (4)(Cyan) before last leg up to 120 +/-..
Fundamental Backdrop 1. US ISM Manufacturing PMI was better than previous from 47.4 to 47.7, which shows that the economic health is improving. Technical Confluences 1. Price currently resting along a key H4 support level at 104.500. Idea Expecting price to head towards the intermediate resistance level at 104.850 NOT FINANCIAL ADVICE DISCLAIMER The...
Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 104.5/61.80%
Through the trading session yesterday, the DXY weakened significantly, reversing strongly from the 105 resistance level steadily down to the 104 round number support level. However, as the price failed to break below 104, a sharp retracement was seen, with the DXY currently trading along the 104.55 price level. With today's headline that the US 2yr Treasury...
Please respect the analysis. Today is a beautiful day, a golden opportunity. Just a little patience and diligence, we will be the best Happy holiday Any questions about the transaction are welcome
The dollar is in a secular downtrend. After a brief respite I expect the downtrend to resume. The BOJ is currently still defending their YCC and while they will continue this policy a while longer I expect it to be modified and eventually phased out. This will lead to higher yields globally but especially in Japan. This should help to strengthen JPY so I like...
I see Dollar index in a short term bullish this month to zone 107.44 to 109.31 price levels before having a long term sell to 92.00 price level
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. Nothing has changed from my last analysis, everything according plan. We got downward impulse, like for me very soon should start correction with target zone 106.5 - 108,after that our downward movement will...
$DXY US #Dollar looks weak here BUT Look @ it carefully What is it forming? Hint, dotted line We certainly have a BIG FIGHT in which direction #stocks #yields & greenback will go
• Rising wedge on daily chart, a bearish pattern • 105 offering resistance, limiting gains near term • Next resistance is in mid 105s, 38.2% of Nov-Feb decline • Upside is starting to lose traction, we are still in correction mode • Levels to watch: 105 on the upside, 104 on the downside (today's low and wedge support)
Short term - down (target 95-100), long term - up (target - 120+). Have to revise my longer-term view on DXY. I count recent decline as start of wave 4 targeting 95-100 range (rather then a complete reversal to new lows). I believe we'll then see one more run up to 120+ level in USD.