EU pair traders, it's crucial to consider taking some profits on your EU sell orders. The dollar has not broken the daily fractal, indicating another control level for the dollar that hasn't been reached yet. This suggests the potential for another bullish run on the EU. Exercise patience and ensure you pay yourself consistently. A good practice is to secure...
I think it's a fight between higher timeframe TA vs lower timeframe TA. Do I have to say my favorite? I believe DXY is long-term bullish. Everything on the chart. This doesn't necesarily mean DXY pumps in 2024. It might lag. But this is not a bad chart. Dollar is dying? How about others dying before?
My thesis on this one is simple . USD NFP cameout better than expected ,as we expected some bullish momentum on most USD base pairs, The dxy will tend to rise a bit mitigating the closest orderblock , . But i feel there might be sight rejection because that's an area of strong resistance . Clearing out liquidity, Probably upto the breaker block (⚔),i...
103.100 Looks a Sweet target for NFP. Disclaimer - I don't Promote trading NFP
U.S. Non-Farm Payrolls Preview With the imminent release of the U.S. non-farm payrolls data scheduled for today at 1:30 pm (UK time), let's assess the market's expectations and positioning for this pivotal economic report. Expectations: Wednesday's ADP Non-Farm Unemployment Change data fell short of projections at 103k versus the anticipated 130k. This sets...
8th December 2023 (NFP EVENT) DXY: Retrace & retest 104 resistance area, next move dependent on NFP. NZDUSD: Buy 0.6130 SL 20 TP 90 (Weaker DXY, Bad NFP) AUDUSD: Sell 0.6585 SL 15 TP 60 (Stronger DXY, Good NFP) USDJPY: Sell 143 SL 35 TP 135 (Weaker DXY) GBPUSD: Sell 1.2515 SL 20 TP 50 (Stronger DXY) EURUSD: Buy 1.0770 SL 20 TP 60 (Weaker DXY) USDCHF:...
After some volatility, the continuation of the corrective trend is expected to form and advance to the specified support levels. Then we expect to see the beginning of the upward trend
After making a low just under 100 mark in mid-July, TVC:DXY started a nice up trend and rose more than 7% in the next 2 months and reached a high of 107.20 at the beginning of October. The attempts for a new local high failed and, at the beginning of November the index has started to fall, recently making a low at 102.50. December's recovery is contained in a...
price hit demand area sa that is the only reason we buy, this trade makes sense
In my opinion, the area below 103.27 has not been cleared yet. I expect this level touch today.
- Price reached 102.500 demand and swept the liquidity below 103.0 and started going bullish. - Also we can see liquidity been built above the last descending channel (sign of reversal). - Huge imbalance formed by the last supply area at 106..0.
This here is full analysis of the most recent data given in the last month. Price has tapped into a daily FVG ,within this FVG it’s also the OTE level on the pullback phase of an establishing trend. External liquidity has been swept, causing the price to recover some internal liquidity to fuel the move to continue trend. Equilibrium has been touched, which...
Saw a pattern like this and it was bearish, its made a lower low and possibly a higher low, break of structure to the downside
US Dollar purchasing power destruction cycle to resume shortly... Guess what tracks this inversely? #gold
USA Dollar Index + Bitcoin Pamp/Dump Cycles. Logarithm. Time frame 1 week. Minima and maxima of bitcoin secondary trends are shown. Everything is detailed and shown, including what everyone always wants to know. Cyclicality. Accuracy. This is what it looks like on a line chart to illustrate simple things.
Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is also the 50/618 Fibonacci zone of the currently reversing bullish trend, also indicating a reversal. Viewing even from a higher time frame (1W), you'll notice that the head/peak of the head and...
Currently looking at the Dollar index from 4h time frame, i see a head and shoulders pattern indicating a reversal. The level where the right shoulder is taking form is also the 50/618 Fibonacci zone of the currently reversing bullish trend, also indicating a reversal. Viewing even from a higher time frame (1W), you'll notice that the head/peak of the head and...
DXY H8 DXY is currently maintaining its position at the key resistance level of 104, demonstrating resilience at this significant whole number price point. Despite hitting this zone yesterday, we observe a relatively subdued level of market activity. It appears that the markets are in a wait-and-see mode, anticipating a potential surge in trading volume driven...