2023 is really recession year if $ index toch 120 level. I think 2023 1st quarter is aa bull trap for big fall so stay safe your portfolio
What's next for the U.S Dollar? My conviction remains the same that we may retest & reject from the yearly open, fall deeper into the Monthly FVG (clearing out LTF FVG's) before a 3-Day / Weekly SFP reversal into March FOMC. I remain bullish on risk for Feb. $BTC $DXY #Crypto - Like this TA? Follow me on Twitter (www.twitter.com)
The U.S. Dollar Currency Index is about to break a support level of 252 days. This is a very big deal. For those who don't know why this is huge news for crypto and all other risk-on assets, look at this chart showing the almost perfect INVERSE relationship between Bitcoin and the U.S. Dollar Index since about 2014 On smaller timeframes this break is...
The last 2 days' movement on DXY looks like we could be in an area of support for the dollar. Indeed the yen looks very vulnerable. Is this a headwind for stocks? Possibly.
The US Dollar Index (DXY) is a measure of the value of the US dollar relative to a basket of other currencies. There are several factors that suggest that the DXY could rise in the near future. First, the US economy is recovering from the impact of the COVID-19 pandemic, with strong job growth and rising consumer confidence. This is likely to support demand for...
Pair : DXY Index Description : Symmetrical Triangle Pattern as a Corrective Pattern in Monthly Time Frame and we have a Breakout and Retracement Break of Structure Divergence Bullish Channel Fibonacci Level
Well, the broad-based USD rally on Friday was certainly impressive and caused shockwaves in commodities, with XAUUSD -2.8%, silver -4.8% and crude -3.6%. USD shorts, of which the market had built a sizeable position in, saw a change in the flow and covered. As I explain below, I am not in the camp that we’re on for a new one-way USD bull market, as this would...
According to the behavior of the index in the current resistance range, possible scenarios have been identified If the index crosses the resistance trend line, the upward trend will continue
Bulltrap soon then sharp sellof -dxy will pump from the white box and start a bulltrap. scenario 1) retrace to the golden fib pocket ( blue line ) 2) tap the previous ATH from 2001 ( yellow line 121) after that sharp sellof to sub 90 (green circle) *when the Bulltrap is finished and the it starts crashing the markets will pump hard! *the 2022 top hit the...
Dollar Index is approaching support level (red zone) where is possible that we are going to see accumulation or bounce. Currently we are in downtrend (green line) and MACD, RSI and other indicators are confirming bearish bias. In case of going up from this zone it is cruccial to break above two dashed green lines that could act as resistance. If we see full candle...
The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
The weekly close was very bullish , this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
Nothing much changed since last weekly update.US Dollar Index is still losing the strength after breaking trend line (yellow line). Chart and indicators are showing solid bear momentum. If you are looking on larger picture it is still unclear is this bigger correction or is it start of bigger drop in US Dollar Index. Price is currently in support zone (red zone)...
DXY looking bullish over all, we could come down to mitigate the open(dashed line) of the last demand zone or have a deeper retracement to the last order block within the demand zone and then have the mark up
King Dollar is weak as expected foreshadowing a larger decline in 2024. But for now, a new rise into 1Q23 i see
As predicted, the Dollar index is forming a bottom on the 50% fib, and the RSI(12) week is rounding upward. I am anticipating an upward move to 104.362 on the week of 2/20/23, followed be a move to 106.281 on the week of 5/1/23. Note that the trip down from the high was a lot faster than the trip up, so it will be interesting to see if these new highs have any...