DXYUSD daily guidance is neutral with a bearish bias. Recommended ratio: 42% DXY, 58% CASH. * MINOR SUPPORT WATCH . US Midterm elections are underway and the polls are getting ready to close soon, Republicans are expected to control both the House and Senate when the results come in. DXY, US Long-Term Treasuries, CNYUSD, Metals, Agriculture and Cryptos are all...
The price structure shows the beginning of a correction after a rise of about 28% (from the 90 support), confirmed by a MACD triple top and a RSI bearish divergence. On the other hand, I remain bullish in the medium to long term:
DXYUSD daily guidance is cautiously bearish. Recommended ratio: 30% DXY, 70% Cash. * China delayed publishing key economic data including retail sales, industrial production, home prices and Q3 GDP amidst Incumbent President Xi Jin Ping's expected reelection for a third term . Chinese officials say it's because of the ongoing National Congress of the Chinese...
DXY daily guidance is cautiously bearish. Recommended ratio: 30% DXY, 70% Cash. *DXY, US 10 Year Treasury Bonds and VIX are down while Equities, Cryptos, Commodities, Futures, GBPUSD, EURUSD and 30 Year Treasury Bonds are all up. With expectations of a federal funds rate above 4% in 2023 it's starting to get to that time where investors ask themselves when...
As my analysis before, I mentioned that DXY could started to bullish again from 107.9 and other asset are tanking. This is my view of DXY for this week : DXY is now in corrective move and could sweep the liquidity between 109-108 area before continue upwards We will have FED % rate news release on 21th Wednesday with 75bps forecast This news will decide...
🔰You can see the analysis of the USD index in the 30-minute frame team (US Dollar Index _ 30 min)💣🔍 ✴️Supply and demand zones and ranges of 50% and 61.8% of Fibonacci retracement (purple💜) are shown in the image. If the price reaches the 61.8% Fibonacci range and the specified supply range, we can expect the price to drop to the support line (orange🧡 line). If...
DXY seems to be making sort of a W-pattern with double bottoms at 89 & double tops at 103. Last week it reached 108 almost touching the red upper downchannel (started from the 2002 120 levels) whose median was tested at 89. Dxy retraced & is resting at 107, the 1.272 Fib retracement of the 103 to 89 range if last week is a bulltrap (false BO from my yellow box),...
#usd dollar, 14th June daily bar broke previous resistance to catch stop losses of short traders. 15th June made a key reversal bar dictation for weakness ahead. 102.90 initial target for short. while 101.50 target for medium term.
Hey Purpose Traders. The dollar index has just reversed and as a forex trader you may have won a few trades and if so, great! If not, I feel your pain. I lost a bit too, but its not all bad. We have a chance to make our money back. In this video, I am sharing with you where I believe the dollar can go to next and how it can get there.
as we had analyzed this index earlier in lower time frames (240,D), we are getting more confluences or trend reversal even in the higher time frames of weekly. we can see the price has reached one of its significant support zones and it is diverging with MACD and Its Histogram so forming a Bullish Divergence, which is the sign of trend reversal and we may have...
Jobs data was not good for USD but in future Tapering and Interest Rate hike can be matter. Buyers loosing the rope.
Price is currently at a significant number which has been respected over a longer period of time. Would price hold as a support this time?? Lets see
The dollar has reached its lowest level in a recent month, which is why we have seen the growth of all currencies against the dollar, and as you can see, it has formed a downward channel and has accompanied it to the trend line, but in your opinion this The decline will continue and the trend line will be lost ?? Such a thing is unlikely to see a return of the...
Could this level of structure hold which also ties in with the Golden Fib Zone and some decent info based off the MACD. There is a potential for the DXY to make its way to the Daily sell zone. Lets watch and see....
Price already respecting my trendline. Uptrend till trendline breaks
An update on dollar index. we have been experiencing some sideways corrective structure, we expect a break out to the upside soon
TVC:DXY I can see 2 setup here, 1 bullish & 1 bearish For bullish setup, Price broke recent structure & price going to shoot up high and break 99.00 Supply Area. Bullish confirmation, when price break 99.00 supply area. For Bearish Setup, I can see HNS pattern. However, I will not sell now because the bullish momentum is very strong. I'm going to wait for...
In recent weeks the Dollar Index has moved within a rectangle. If we take the analysis on a "fundamental" level, it could be an inversion rectangle. Yesterday, the Fed raised rates. In the early hours, the dollar strengthened. It was enough, however, a reading of the Economic Projections to understand that the dollar came out weakened by the meeting. Briefly,...