Market Analysis: Dollar Index Ready for Sell-Off Weekly Chart: An asymmetric triangle pattern has formed, indicating a balanced standoff between bulls and bears. However, recent developments suggest bearish momentum as a clear Semi-Macro M (Double Top) pattern has emerged and played out. The outlook is tilting towards a sell-off, transitioning from the weekly to...
Now we have taken an old ERL we then had our DOL to a bullish IRL and Volume Imbalance. Price then filled and now respected an IRL and expect the new DOL to be the Daily ERL formed yesterday for Monday Target 103.921
Be watching for this neckline to break. It would be a very obvious head and shoulders. Watch for the fake neckline rejection, though.
We are still at the start phase of the China - U.S. war & seeing it slowly brew into something bigger. 2025 - 2026 should be when we see a full out war, weather that's a physical war, economical war or a cyber war. Ahead of this war it'll be interesting to see how China prepares for sanctions from western nations; ⭕️Which financial asset classes they divert...
Dollar Index awaits important data - Inflation data - Producer price data Higher-than-expected results are positive for the dollar and vice versa.
Take a look at our analysis for DXY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 104.286. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way...
DXY is your guide. The market truly looks like it's setting up for the next big move now that we are rolling in April (new month and after ftmo week). On a macro level 4hr. -As a technical trader waiting for a cake set up, I see... 1. DT trend line creation. 2. H&S 3. B&R? Price does look as if it has just broken a channel and pulled back for the retest (current...
Well, there you have it folks, a beautiful execution with a TP hit. Trading zone to zone as a swinger is my style and using that DXY as my guide is a gem. Until next time, -Neke {The Soul Connect}
💵DOLLAR_INDX, H4 💵 9 April 2024 The Dollar Index, tracking against a basket of major currencies, saw a slight retreat in anticipation of upcoming US inflation figures later this week. Despite upbeat reports on Nonfarm Payrolls and the Unemployment Rate, economists forecast a potential dip in inflation compared to the previous reading. Projections suggest a 0.30%...
Looking at price action I like to see that we traded below Fridays low from last week. We seem to still be holding bearish strength for now so a short term target for me to get into a personal position is going to be the double bottom marked on the chart. As we are coming into the middle of the week we want to take opportunities that the market provides. I know we...
9th April DXY: If it breaks bullish trendline & 104 support, could trade down to 103.70 level NZDUSD: Sell 0.6030 SL 25 TO 85 (hesitation at 0.5995) AUDUSD: Buy 0.6630 SL 20 TP 75 USDJPY: Sell 151.70 SL 30 TP 75 GBPUSD: Buy 1.2680 SL 30 TP 75 EURUSD: Buy 1.0885 SL 30 TP 60 USDCHF: Stay out, in between support & resistance USDCAD: Sell 1.3605 SL 30 TP...
That's my bias...just based on this pattern. I am definitely bearish on the USD. Let's see how this unfolds.
This is not a financial advise it's for educational purpose only. Like and follow me for more 🥰
🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders ...
Hi, this is an analysis based on the Market Structure, these analyzes can be performed on any timeframe, they being the analysis on multiple timeframes It is very important to understand that a higher structure is always the priority in terms of price movement on the chart I would like to keep things as simple and clear as possible without too many stories! blue...
Follow up from previous idea.. Possible It's will pull back and do LQ first then pattern will like Double top. After that waiting LTF Reversal Signal. have a chance to go like this picture.
Hi, folks . This is my analysis on DXY , as you can see, candle formation shows that price willing to go lower price,so after pullback to breaking block zone complete it's a good time to short with comfirmation.
M15 Unicorn Breaker M15 FVG inside Breaker M15 -OB Inside H1 FVG Look for entry at M5 Extpect targets H4 BPR (Below)