TVC:DXY
Yo Family I hope everyone is in gr8 spirits as we are in the middle of this trading week. I have a prediction on the Dollar that will continue bearish here's why....
1) On the 4Hr TF buyers created a 4Hr demand zone that ranged from ($105.910 to $105.770) where they tried to push price back up aggressively attacking the last market HIGH ($106.517)...
This is my analysis on DXY daily time frame for now. I have been with it for days now just waiting for it to come down and get the confirmation on my Lower time frame to trade. We all know when xauusd is going down, dxy is going up this are opponent pairs.
Taking out two previous days' lows and reaction on H4 FVG. Once the price closes above IFVG and creates a potential breaker ( could be during the news) then I see the potential for the buy side. targets.
🟠Rules
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your...
If DXY TOP is in it will drop back to the lower diamond shape pattern.
- If the scenario plays out:
Long risk assets
Long Bitcoin, Ethereum, GMX and JASMY
DXY's trajectory remains predominantly bullish, navigating within a pronounced upward channel delineated by red lines.
Presently, DXY is edging towards the channel's upper boundary, serving as a notable inclined resistance.
Additionally, it's undergoing a reassessment at a robust resistance area denoted by green highlights.
🏹 Hence, the focal point indicated by...
Weaken Us economy will have affect on the dollar
However the 140Bil $ Treasory Bond will be issued, that will drive the demand for US Dolar in the medium term .
As we discussed on the yesterday's live stream,
Dollar Index broke and closed below a key daily structure support
after a consolidation
Retesting the broken support, we see a positive bearish reaction to that.
It makes me think that the market will drop lower.
Next support - 105.2
❤️Please, support my work with like, thank you!❤️
The dollar is definitely under a lot of pressure at the 106.00 level. This led to a bearish impulse at the 105.70 level. We may see a continuation of the dollar index's pullback to better support. The potential target is EMA20-daily (105.20-105.40); if we do not get support there, the next target is EMA50-daily (104.60-104.80).
Dollar still looks bullish
We are currently in a time of consaldation.
-We have deviated back in the rangeand also had a mss.
-The narrative is still bullish
-What liquidity will be targeted for thursday?l
-We have sellside resting 105.598 and buyside resting 105.950
-We have possible SMT forming, if the dollar fails to make a lower low while the euro is about to...
Based on my last post, I was neutral overall but still wanted to see a minor bullish increase upto the old volume imbalance located @ 106.600 which we got. The current market conditions mean that it’s a bit more tricky to guess a bias long term without more market information as all the dollar has done was sweep buyside before sweeping sellside.
The outlook on...
Hey there on 1htF the DXY Bullish Trend until 106 then we can looking for sell opportunity and will drop from there our previous support area 106$ so we can follow up and then best to make short area from upper side to set our next target 103$
