April 4th
DXY: If breaks support area 104 and bullish trendline, could trade down to 103.70 with support at 103.40
NZDUSD: Buy 0.6060 SL 25 TP 50
AUDUSD: Sell 0.6610 SL 20 TP 50 (rejection of resistance level)
USDJPY: Do nothing, Watchout for reaction at 152
GBPUSD: Buy 1.2720 SL 30 TP 80
EURUSD: Sell 1.0885 SL 30 TP 60
USDCHF: Rejection of Resistance,...
DXY: Another move up is possible
The price is showing the possibility for another bullish wave inside the "Ascending Channel" Pattern. We may see DXY rising further up to 105.00 as a minimum.
A move below the pattern can push it further.
You may watch the video for further details
Plan your trade, Trade your plan, and use proper risk management.
We are not...
Hello again,
I am continuing my previous trend analysis on DXY here. Last time I published an idea, DXY was about to break the upper resistance. However, now it has broken above and getting back to retest the previous resistance (now support).
If price closes below the support, I'm going short. This tells me that institutional operators are pushing the price...
Hello traders, its been a week since we posted new plan. Our USD INDEX view before upcoming NFP news. Noticed the price is trying to rest at 38.2%. Assume the NFP results strong comeback, the Greenback may travel till 105.50.
This may form our favorite pattern. Let See!. Leave your comment below
bullish TVC:DXY
A lot of the currencies in the basket of the DXY are looking weak against the USD and there are other factors known and unknown, both too long to list to support these ideas.
The price action is leading the narrative that will be printed in the rags when the PA has broke the recent high that sent the DXY down for the retest.
Printing hidden...
the dxy looks ready to rally from here.
i dont know why, but something will drive the dxy higher.
the levels of interest are marked for points of interest.
even with a loss of higher highs or lower highs of intraday price action i would still expect any of the levels marked to hold for higher once gained.
Hey there on 4hTF The Dxy has been extended for bullish trend
After the manipulation it will go upside further from there next support area
So we can see the price will immediately return upside
DXY Daily Trading Journal
Price started the week rallied to take out buy stops from Feb 13 attempting to rebalance the Daily BISI from Nov 14 creating a swing high.
Yesterday and today energetic displacement to the down side at what appears to be a support level.
Its likely that there is a institutional season change upon us as price seeks the lowers prices...
DXY is currently at a point where a horizontal intraday support and a rising trend line intersect, forming a confluence zone.
To enter a long position with confirmation, look for a double bottom pattern on a lower time frame. If the price breaks above the neckline and closes, a bullish trend towards 104.72 can be anticipated.
On the other hand, if the market...
DXY topped by the looks of it. RSI and price came to an agreement. Weekly also looking good. Lets see how the week closes. All USD pairs looking to be shorted. Metals and crypto show give the last move before the king returns
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
DXY Gartley within a Gartley.. Its a Gartley you know it is, is it? does anyone know its a Gartley. yes it is or maybe its not? I think it is, I think its a mini Gartley. So there. :p
From technical analysis we can see a huge expansion to the upside after the release of the NFP data .
what i would like to see is the candle reaching 105.550 level liquidity void on daily chart to consider a short
MY TRADE
SELL 105.550
TAKE PROFIT 97.000
SL 106.550
TERMS AND CONDITIONS APPLY
USE PROPER RISK MANAGEMENT
Fed Chair Jerome Powell recently made the airwaves, delivering remarks on the economic outlook at Stanford Business School.
Key Takeaways from the Speech:
• The Fed Chief does not envisage easing policy until there is more confidence regarding the inflation picture but still believes it will be ‘appropriate’ to cut rates at ‘some point’ this year.
• Powell...
