DXY completed my last analysis predictions now we got a pull back from the fvg zone at 105.16 now price made a rejections with an engulfing candle indicating a buy to 105.400 fvg zone am expecting a breakout from that zone to the buy side liquidity at 106.000 Tell us what you think..........?
Looks like the dollar and yields are correcting. This could definitely give risk a buying opportunity as long as DXY is headed to $100-101. Since November 2022 DXY has been consolidating in a range between $99-108. The bull case shows DXY breaking out of a bullish flag while, the bear case shows an ABC correction. Until this range is broken its best to trade...
The DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session. The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the...
hello friends i just want everyone to know inflation will not come down in fact just wait on an event whether that be war news debt news point is fake news could only go so long. we have to ask our selves why did the market pump when right now we are in the worst condition one might say in 50 years !!!
DXY has validated a bearish breakout below the lower boundary of its ABC pattern, indicating a potential decline back towards the key level at the bottom. We anticipate a decrease of approximately -1.5% in the DXY index. The confirmation of this breakout is crucial, as the entire projection hinges upon it. Such a move could prompt bullish momentum in the near...
Looking at price action tells me what the MARKET is thinking/doing. These past few days has not been easy to 'predict' movement because opposing the market are those who wish to see a weakening of the $ to drive down yield. Anyway, lets stick with the MARKET and trade accordingly. In all probabilities, we can see that the DXY will move higher in the coming...
More so choppy price action throughout the week than the bond market or yields but it can be seen that a rebalancing has occurred on the Friday and on this weeks Monday open but sellside is still pending to be attacked. Smooth lower highs has been created which will challenge my short bias down to the consequent encroachment of the weekly fair value gap as the...
#dxy #dollar index is bounced hard and preparing for a strike on #markets #crypto #stocks #commodities . Not financial advice.
Currently, the dollar trend indicates a bearish direction, suggesting that pairs I typically trade, such as GU, EU, and gold, may rise. Presently, I anticipate a retracement to occur towards an 8-hour supply zone I've identified, facilitating the continuation of the bearish trajectory. This ideally aligns with my strategy until the price drops to around the 104...
Hs its time to down I no longer buy dollars This is not a financial advice dyorr Enjoyy
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. ...
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.
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.