Hi everyone, Here we are at another Sunday. Time for some analysis. Everything I had to say is covered in the video, but for a TLDR; I am still bullish on the Dollar. Although, I'm not convinced we have reached an intermediate bottom yet. I'm still waiting for more confirmation in order to have the highest probability of being on-side. Comparing with other...
u.s.dollar index can be some corrective then it may continue it's bearish trend...
The dollar index fell below a significant intraday support level on a 4-hour chart but was unable to close below it. This support could potentially lead to a slight upward movement before a possible retracement. I anticipate a bullish correction for the pair, with a target of 105.34 / 105.56
1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.
Hello traders on the chart, this is what I'm seeing on the DXY(DOLLARINDEX). The DXY is on the zone of strong support based on technical and fundamentals also suggest a further push to the upside in the subsequent weeks. I'm Looking forward to buying the dollar against any other pair since it will be much stronger.
This seems rather logical and most likely the final run higher before what looks like multi year reversal
Extended selloff from 106.490 which is the weekly highs of the week with intraday high to lows equilibrium located @ 105.210 which is my first target. 105.415 is my second short term projection. Candlebody closure below 104.552 will negate my idea
this is very tricky and I'm not sure but it seems like FED and HedgeFunds are playing big trap game.
Unmitigated GAP from Nov. 2023 about to be filled & then we expect a reversal AUDUSD, EURUSD, GBPUSD being bullish support our trend idea that DXY is weak & making a final run to gather liquidity. This move cannot be stopped Expect strong bullish trend on xxx-usd pairs
Analysis Week - 22 Apr 2024 Daily - Range / Bullish Cloud (D) - Above Cloud Weekly - Range / Bullish Cloud (W) - Within Cloud Mid Term - Range ________________________________________________ Reaching a Target Area Soon, Be Patient
The objectives are clear for next week. Overall pretty bullish on dollar. The monthly high is the draw on liquidity. The only question is how should dollar get up to that level. If we get a manipulation leg down, below the previous week low ( 105.741), that would be the first level/area where I would watch for the first opportunities upward. For that I would...
NFP killed a lot of accounts and my job is to make sure you are always on the right side of the coin and you don't overtrade and you get it right, this is the structure we will be following for this coming week and we will stick this trading plan, stay tuned do well to like share and follow.
Monthly : The price has already created the MSS(M) in monthly, & there is Monthly BSL situated in 107.354. So I'm Bullish In monthly. If we have any bulish PDA in Daily our M-Bullish bias will be confirmed. Monthly Bias: Bullish Daily : In daily chart the price has been create the Daily MSS after taking W-FVG+ & the price has been tested the D-FVG+, so in...
it's been a while since my last post about how i think or my opinion regarding the DXY movement. as we saw last time candle dd 10/06/23 price pretty much has stopped from going further down then bounce back from discounted area taking the old high dd 4/12/23. however from my pov i see this as a fail take-over as price reach the fvg without leaving a strong...
This chart is just for entertainment. The US is not in a very nice situation now. Simply because of the yield. As we know, if it goes back above 5%, there would be BIG trouble. From what I can see now, there is high probability of them trying to slow the $ going up. Looking at EURUSD, perhaps we are seeing signs of this now. Which is why the Japs are also...
DXY had a failed Bull flag, favoring a bearish downside movement. Price is expected to revisit the breakout point near $103
Despite the idea of a bearish impulse for dollar index I think it will surprise us and goes up. A reliable Head and Shoulders patter is obvious and its Neck Line breakout also happened and the last confirmation for me is to breakout a green zone. For now just wait and see because we can have very good position in EUR if it analysis is correct. Thanks