DXY Dollar Next Possible Move#DXY Dollar
- According to the Long Time Frame #LTF we have BEARISH CHANNEL and Rejected from the Lower Trend Line #LTL
- Buying Divergence in #RSI
- We have IMPULSE CORRECTION IMPULSE - Completed the Correction " ABC " and Again Following IMPULSIVE WAVE
- RISING WEDGE in Short Time Frame #STF
Dolar
DXY New Week Possible Move#DXY - DOLLAR
FALLING WEDGE Pattern in Long Time Frame #LTF and Rejection from the Lower Trend Line #LTL
Impulse Correction Impulse Completed the " ABC " Corrective Wave will Again Follow Impulsive Wave ( Bullish )
Buying Divergence in #RSI
Falling Wedge Pattern also in Short Time Frame #STF and Breakout of the Upper Trend Line #UTL and Completed the Retest
Bullish Moves Expected till the Upper Trend Line #UTL or Fibonacci Level - 61.80%
Horizontal Channel Was Crossed!The horizontal channel started at September 19, it was crossed, and the resistance can be the next support, since if we put fibonacci 23,5% had already been crossed, since it perfectly fit in the last resistance, and it had already been tested by a shadow.
The SL will be the fibo 0,236, and the TP 0,618
¡¡The trend is changing!!Hello trading community! Well, I think the market has been waiting a long time for this drop. I've said it for a long time, this is that every trend has an end and a new beginning. Despite being manipulated by different players, markets are inherently immutable cycles. Technically, the US dollar index has been making lower highs since its high of 114.8, showing a loss of bullish strength and a bearish divergence. While we know the Fed's rate decision is approaching next week, which, as expected, will cause market volatility, we've been observing that 10-year yields have fallen, and some of the Fed's official actors have expressed their concern about Dissatisfaction with the aggressive rate hike policy. In addition, the market had two negative quarters, signaling the company's urgent need for profits to try to end the year positive rather than loss-making. This is not a financial advice, good trades and profits!!
DXY Dollar Next Possible Move#DXY Dollar
Time Frame - M45
IMPULSE CORRECTION IMPULSE Completed will again Follow IMPULSIVE WAVE ( Bullish )
According to Long Time Frame #LTF - ELLIOT WAVE " 123 " Wave formed will Follow Long to complete " 4 "
In Short Time Frame #STF It has completed ELLIOT TRIPLE COMBO " WXYXZ" Wave will make ELLIOT DOUBLE WAVE " XYZ "
Rejection from the Previous Strong Support Level
Buying Divergence #RSI
Bulls are not strong enough, the pair is in the line of descend!Hello traders! We are seeing that the oil demand is declinig, affecting the pair and making bulls be aware of future declines. Also we found in the charts a recongnize pattern of a head and shoulders, with a target around 1.30 if it breaks the support among the 1.36 level. The FED is fighting againts the ghost of recession and the 10 years bonds are fearing a descend from a 15 years top. Some fed officials are concernign about the oversizing uploads. This facts can draw a direction towards a new trend in the markets. Technically the level of 1.36152 is a support to watch. If the bears could break this level, we could see the prince drop to 1.33102 and 1.30 if the strong of the bears keep going. This is not financial advice, good trades and profits!!
¡Only the begining, stay alert!Hello trader comunity! We are seeing that the markets want to change their trend. More especifically the people thats is behind the computers wants to make gtains after two trimesters in loss. In the other hand, the DXY is fatally crushing after reach the level of 114 and we are seeing lower highs as the index cling to supports. The pair USDJPY after reach the level of 152 gets a reaction from the bears of the pair and then found support in the level of 147 (ema 21). Next week we have de interest rate decision of the Bank of Japan, event that could bring volatily to the pair. But what we must see is how the DXY start the week, anf if it continuos dropping behind 112 ( acting as resistance), we expect a recover from the US500, pairs against the dolar, and the crypto market. This is not a financial advice, good trades and profits!
Gold loses interest as a refuge, DXY with bullish forceWe have two consecutive quarters with losses in the markets. The bulls defend the last of the supports before a big drop, located at 1613. The great resistance to overcome is at 1637. If we remain below this level, we will see the bearish force renew. The dollar index has broken an important resistance level, heading towards the 114 level. The specter of the recession in the US continues and there are still no signs of a change in trend in the markets. In addition, the results of technology companies have not been very good, further weakening the confidence of investors in search of a change in trend. This is not investment advice, good trades and profits!!
DXY Next Possible MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H2
According to the Pattern we have " Symmetrical Triangle " in Long Time Frame and Rejection from the Lower Trend Line #LTL
It is also Following " Impulse Correction Impulse " and Making " C " Corrective wave
We need Rejection from the Upper Trend Line #UTL or Fibonacci Level - 78.60%
DXY Dollar New Week Possible MoveTechnical Analysis Chart Update
DXY Dollar
Time Frame - H4
Long Time Frame #LTF :
BULLISH CHANNEL
HIGHER HIGH , HIGHER LOW
Short Time Frame #STF :
BULLISH CHANNEL - It has Breakout the Lower Trend line and Completed the Retest at Fibonacci Level - 78.60%
Selling Divergence
DXY Dollar Next Possible MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H1
We have Bullish Channel Pattern as a Correction in Long Time Frame #LTF and according to that it will Reject from the Lower Trend Line #LTL and Current Strong Demand Zone
We have Buying Divergence in #RSI
It is also Following the Elliot waves in Short Time Frame #STF and it has completed " 1234 " Impulsive waves and it will Complete its " 5 " Impulsive wave at Daily Resistance Level
DXY Dollar Next Week MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
Long Time Frame #LTF ( Bullish Channel )
Rejection from the Lower Trend Line #LTL and Reach Current Demand Zone in Short Time Frame #STF
Short Time Frame #STF ( Bearish Channel )
Breakout and Completed the Bullish Impact and Currently at Fibonacci Level - 61.80% if Reject then XAUUSD Buy , If Breaks then XAUUSD Sell
DXY Dollar Next Possible MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H1
According to the Elliot Wave it has completed the " 4th " impulsive wave and it will follow Buy Trend to complete its Impulsive waves " 12345 "
BULLISH CHANNEL in Short Time Frame #STF - H2
If it Rejects then XAUUSD , ABCUSD will Sell
If it Breaks then XAUUSD , ABCUSD will Buy
🤠 DXY - with power UPThe US Dollar Index (DXY, DX, USDX) measures the value of the United States dollar relative to a basket of other currencies, including the currencies of some of the US's major trading partners.
If the index is rising, it means that the dollar is strengthening against the basket - and vice-versa.
I see him reach where I marked with a red circle... there, we'll see what he does...
DXY - Dollar Next Possible MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
DXY still have Potential to maintain its Bullish Pressure
According to the Pattern " BULLISH CHANNEL " in Long Time Frame #LTF - H4 it can Reach the Highest ( 112.089 ) if it breaks the Current Strong Resistance Level
In Short Time Frame #STF we have Rising Wedge and it can make its Impulsive wave after breaking ( 110.785 - 111.060 )
Strong Buying Divergence #RSI
ABCUSD - Sell
USDABC - Buy
XAUUSD - LONGXAUUSD are in a consolidation area, and two tops. XAUUSD will be long, here because:
- We have a triangle, and it was tested sometimes
- The Building Permits was released and seems USD will be weaker
- EMA and BB basis lines are almost crossing
- MACD have another support, if you check others TF, and seems to be a strong one
- Candles are closing above the lowest lower
DXY - Dollar New Week MovementTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
In Short Time Frame #STF - H1 we have ELLIOT WAVES
Completed " 12345 " Impulsive waves and " AB " Corrective wave
Next move Sell to complete its " C " corrective wave
RISING WEDGE in Long Time Frame #LTF - Daily
Rejection from the Upper Trend Line #UTL and Retracement at Fibonacci Level - 78.60%
XAUUSD Inflation data making the move todayInflation was released today.
The inflation has decreased to 8,3%, however the price of goods are increasing and is higher than before, with 6,3%. Don't forget tomorrow we have PPIndex to be release tomorrow.
About the chart:
We can see the first resistance at Fibo 23,6%, and this show us a strong resistance for the next hours.
We calso have a triangle that had already been crossed when the inflation was released.
The BB Line is opening what means we have a large volatility and with EMA above basis line from BB and with a descent trajectory
The MACD also have a good resitance and support already crossed as we can see.
We think the next support that could be crossed is the 1692.699, making the perfect Fibo pattern until the next data released
DXY New Week MovementTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
" SYMMETRICAL TRIANGLE " Pattern being followed in Short Time Frame and We have a Clear Direction for Sell because it has Completed its break of Lower Trend Line and Retest
According to " ELLIOT WAVES " we can see that it has Completed the Impulsive Waves " 12345 " so the Next Moves are Correction " ABC " waves in Bearish Direction
If DXY Breaks the Current Level and Retest then :
ABC / USD will Rise
USD / ABC will Fall