Dolarindex
DXY swing long - back into the rangeDXY took out a key low at 101 with strong reaction back up into the range established in August-September 2022.
Idea: DXY will strengthen in upcoming months, pushing the risk on lower.
Target for lower highs is around 50% of established range, which for fans of Fibonacci retracement tool is around 0,618-0,705 of current range.
Target Price: 110-111
If we see strength around these levels, top of range or new highs will be on the cards.
Are Bears Playing With The Bulls Balls ??Weekly Time-frame
Seems like we are respecting the Breakout Area or the demand zone we will see if we are able to hold this position we can expect more to the upside if this holds. We are currently in the High Volume Node in the VPVR which is a good Support.
1D Time-frame
We are currently in the demand zone. which most probably will hold We are creating a Bullish Harami. Expect more to the upside for the day.
4H Time-frame
Resistance is waiting at $42,911, $43,287, $43,926. We are making a double bottom and also the awesome oscillator is twin peaks bullish. RSI is also bullish, VPVR is Low Volume Node, Higher Volume Node in VPVR is waiting at $43,287.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Bears Are Not Yet Done !!Weekly Time-frame
Still in a bearish picture. stock market are dropping so we can expect a bearish month if this continues.
1D Time-frame
It seems like in 1D TF we have a doji candle which is neutral candle close to bullish harami. Rejection area still waiting at the supply zone $43,800.
Demand zone waiting at $42,600
4H Time-frame
Double bottom forming and that would be a bullish sign until we hold the area of EMA 233. Once SXP drop then this too will break to the downside.
We have a drop base drop.
1H Time-frame
how to trade
BTC SHORT
entry $43856-$43747
SL 1-5% whole portfolio $48326
leverage 8x - 35x
2% portfolio only
TP 1 $43140
TP 2 $42692
TP 3 $42240
TP 4 $40400
TAYOR
DYOR
NFA
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
BTC is finally going back to 50K?Weekly Time-frame
BTC pumping hard, thanks to FUD and the fear and greed index in #22 today, its the best time to pump the coin. Rejection area stays in $44,051.40 if we break this rejection area the next rejection area is in $48,803. This would make our long position in profit. We are still inside Ichimoku Cloud which is still neutral looking forward to break above the cloud and make it the next support area.
1D Time-frame
We broke inside the cloud and also broken the Tenken Sen Resistance. We shall see if we can break the Senkou Span B Resistance and test the previous Resistance @ $44,059. The 144 EMA also is waiting in that level. it is turning to flattening slope which would give us more chance to break it to the upside.
4H Time-frame
4H time-frame is now pumping from the RSVVB indicator, we can see the end of the constriction that is now making a massive move to the upside. We hope this pump is enough to break the $45,000 resistance level. Awesome Oscillator is now in positive zone which means there is more to the upside. We just printed 1 positive volume.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
US Dollar Index Buy Idea From Key Support ZoneH4 - After the strong bullish move currently it looks like a correction is happening.
Price has reached a key support zone and is currently bouncing higher.
Bullish divergence.
If we get a valid breakout above the most recent downtrend line we may then consider it as a validation for the bullish view.
DXY potencial sellHi everyone, dolar index is making some 1h correction now, and first i expect some small drop to make new lower low in that correction, then price will push higher to make new higher high in 4h correction and confirm expanded flat, so my view on dolar is bearish, be patient traders and wish you a lot of profits :) Please fell free to comment and share your opinions!
USDCAD ((LONG)) after a pullbackI have reviewed many fundamental parameters and CAD interest rate is decreasing. also USD's interest rate is not changed more than CAD. THE currency pair ( USDCAD ) has broken the resistance level and it must retest it at 38.2% of Fibonacci retracement level. and then continue to rise about 1.31300 level or maybe higher ( but wait for economic data ).
DXY - Ascending triangle and sideways movingGood evening traders,
Quick look at DXY , the Dolar Index that represent the USD strenght against another currencies.
As we can see the index is on an uptrend since last year, confirmed by 4 touches on our uptrend and now we have 3 touches on our resistance level , confirming that we have an ascending triangle .
On the last 2 weeks the index is moving sideways inside a small channel which is reasonable since the US said they have no intention to raise interest rates so far (which would be bullish for USD)
Overall what to expect?
So far looks like dxy is going to re-test the bottom of the channel near 96.80 level, should this support zone fail then we aim for 96.40/uptrend levels.
The macro vision is still bullish , however the 97.50 and 97.70 levels are a strong wall so far, if the index break them i believe 99.00 will be the first stop.
This Trading Idea is to be used for educational purposes only. This idea does not represent financial advice and its NOT a signal. You should trade based only on your own technic and knowledge.
Unleash The KRaKen.. BeasT iS WaKinG ? Get rEaDY fOR Euro CriSisFor me this is like that.
Europe broke banks and broke money don't interest me. Eurozone countrys don't have their money. They can't print and no army no new tech.
After 2008 crisis eurozone didnt make any thing. They are in the same position. Eurusd forex mania dont interest me.
Bye.
..
DXY, DollarCanadian, Euro waiting for breakoutsHi everyone! Latest US statements have proven that US won't be too patient watching DXY fall and reach its 1.5 year minimum. Technical/chart analysis has proven that corrections even comebacks of some movements are on the way. Latest China-US economic and trade talks looked like the last collision of two galaxies, whether we follow it or not, the effect will be noticable soon enough. Be very very careful. Bitcoin holders especially.