looking at the dxy weekly chart and continuation of a measured move #dxy
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. On the backdrop of the CPI data hinting that inflation is still hot, FED kicked the interest cut ball lower down the street ( later than Jun, i believe). Therefore the strength in USD i guess. Majors capitulated. Watch for some bounce if u want to long pairs like EU GU...
The quarterly shift played out in textbook manner. This is the perfect MMBM. At a minimum, I believe we reach original consolidation equilibrium this week. Then complete the MMBM by end of month.
As prices have reached an area of value around the 106.013 level, potentially prices could rally to the 107 value before reversing to the short side.
Luckily there is no correlation between bitcoin and us dollar which neither aren't created out of thin air or ether or what ever
USD should be on a steady decline for, either quite a long time OR quite a big move, whatever comes first to reach targets and fill waves.
Dxy broke out of the range it did and now it heading to 107 as first target but we would need to see some pullbacks for us to continue to the upside to atleast 107
The USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then...
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
Be ready to start the upward movement in the dollar index!!! There are two scenarios for climbing, either starting from the first yellow zone or from the second zone
fter successfully trading dxy long due to inflationary pressures and unrealistic beliefs surrounding the scale and scope of Fed interest rate cuts. It is now time to look for value in selling dollar at high prices and to plan that approach after the 6 month close. Their are govt forces that hold USD dollars and will potentially seize the opportunity to gain more...
What are the possibilities to have Feb 24, '22 correlated market effect?
TVC:DXY FXOPEN:DXY Hello dear traders. ⚡️ In this post I will track the DXY movements from 12 Apr - 18 Apr. 📈 What to Expect? 💡As long as DXY is above the midline of the pitchfork structure, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. ⚠️Important Note⚠️: The price movement has been drawn a little...
In my opinion, the correction of the dollar has been completed and this index has started moving to break the level of 121 by completing the money back with the local support of the rand number 100, and this is a warning for other markets. "Beta version whale"
The US Dollar gave a positive outlook on wednesday from positive CPI data. The dollar has now confirmed to be positive for the upcoming weeks with some corrections there and there. The following pairs will go as follows: - XXX/USD pairs will sell - USD/XXX pairs will buy
Positivity is still strongly controlling the dollar index, and this will lead it to the resistance above and face an area of weakness. Then let us see what will happen. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this...
US Dollar flirts with a fresh six-month high as traders divide markets in weak and strong currencies The US Dollar locks in gains for this Friday and this week, trading at the strongest level since early-November. Traders are pushing the Greenback higher while markets are diving the forex markets in two camps with weaker-for-longer and stronger-for-longer...
If DXY drops the gold and SPX500 usually pump... Im not sure the dollar is done yet.. It have a nice support on the daily cloud and the 200 MA.. One more day off dump then it reverse again.. I think the gap at 106.6 will be filled befor we can talk about a reversal off the trend.. time will show :) trade safe :)