DXY H4 - Awaiting breakoutDXY H4 - As tedious as it's been, we still have no breakout on the dollar to report unfortunately, lower timeframe would suggest a bearish break, but higher timeframe may suggest daily support and therefore possible upside relief rallies. Inching closer towards a breakout, hopefully we see something today, which may set us up for next week.
Dollar-index
DXY (US dollar index)Subscribe and get a free trading strategy for Bitcoin and Ethereum every day!
If DXY will break 104.140 we possibly will see a bullish scenario.
The final target is 106.500. Red zones - temporary rollback zones.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
DXY (US dollar currency index)Subscribe and get a free trading strategy for Bitcoin and other instruments every day!
Happy New Year and Merry Christmas my dear friends!🤑
Well, Santa gives us a present by dollar index grows. Now the correction possibility is very high.
Hope you use my posts correctly 😉
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
WHAT HAPPENED WITH JPY?Hello guys! Here is a quick summary of what happened in the market today, especially in the Japanese one, after the Bank of Japan surprised everyone.
On Tuesday, the Bank of Japan made its first move towards a shift away from ultra-loose monetary policy after weeks of speculation. As part of an adjustment to its yield curve control policy, the BoJ decided to increase the range of its target for the yield on 10-year government bonds from +/- 25 basis points to +/- 50 basis points. Despite this change, the Bank kept its short-term policy rate at -0.1% and maintained its commitment to easing in its statement. In fact, the BoJ plans to increase its purchases of Japanese government bonds in the coming quarter, from 7.3 trillion yen per month to 9 trillion yen.
The Bank of Japan's policy adjustment was more hawkish than financial markets had anticipated, and contributed to the yen's further recovery from a 30-year low reached this October. A stronger yen may provide some relief to the Japanese economy, which has been grappling with the high cost of imports due to the sharp decline in the value of the yen this year.
As the possibility of more hawkish central bank actions and a potential recession in 2023 increased, the value of Asian currencies against the US dollar decreased further and risk appetite remained low. While the US dollar strengthened against most Asian currencies, the strength of the yen, euro, and pound weighed on the dollar index and dollar index futures.
What do you think about the BoJ's move? FX:USDJPY FX:USDJPY BMFBOVESPA:JPY1! PEPPERSTONE:JPYX
📉Nasdaq Continued Declines📉📉Nasdaq Continued Declines
📉Nasdaq reopens with a downward gap at the opening of the session.
📉The scenario remains unchanged, I still expect declines.
📉Looking at the technical environment, it is hard to talk about the high probability of increases here. Most indicators are on the bearish side.
📉I determined the support zone based on the recent lows.
📉I determined the resistance zone based on the level of 0.618 of the entire upward wave from the bottom to the current peak.
📉The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
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📉📈S&P500 Accumulation Continues📉📈📉📈S&P500 Accumulation Continues
📉📈As I wrote in a recent post about the expected accumulation at current levels:
📉📈I did not have to wait long for confirmation of my conjecture since December 16 the price confirms a strong support zone.
📉📈It is breaking out once up once down but without making major ranges.
📉📈My long-term outlook still remains upward.
📉📈But looking at the current technical environment, it does not look like the accumulation is going to end in the near future.
📉📈The scenario I'm playing out is to wait for the accumulation to end and for the price to break out to make a new upward wave. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully
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📉Nasdaq Ahead Of Declines📉📉Nasdaq Ahead Of Declines.
📉📉Nasdaq provokes declines to near recent lows.
📉Looking at the technical situation, all signals unanimously say "we are falling"
📉Looking at the fact that we are under the two moving averages 200 and 50, MACD and RSI are generating downward signals. I have no doubt about the continuation of the declines.
📉I encourage you to watch the Nasdaq because it stands out from other indices. Generating very pro downward signals.
📉I am very curious if there is a chance to see new lows.
📉The scenario I am playing out is a continuation of declines to the vicinity of the support zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
📉📈S&P500 Struggles At Support Zone📉📈📉📈S&P500 Struggles At Support Zone
📉📈S&P500 Still struggling, as I wrote in my previous post that I don't see a chance that the buyers' attempted attack will be successful:
📉📈This is what happened
📉📈It looks as if, after yesterday's declines, an opportunity has opened up to attack yet another support zone defined by the 0.618 level of the entire upward wave from the bottom.
📉📈So far, the technical situation supports the downward scenario and it seems to me that we may see an attempt by the bears to attack the 3700 area in the near future.
📉📈The scenario I am currently playing out is to wait for the declines to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
📉📈*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
📉📈S&P500 I Advise Caution📉📈📉📈S&P500 I Advise Caution
📉📈This post is a direct follow-up to my yesterday post in which I wrote about the possibility of accumulation around a support zone:
📉📈Today we opened with an upward gap but I would recommend caution when making decisions around the support zone.
📉📈Looking at the technical environment, an accumulation around the 3800 level seems very likely to me.
📉📈Hence, I am not making any buy or sell decision at the moment.
📉📈It looks like the accumulation will be able to last for a while.
📉📈Everything will turn out over the next few weeks.
📉📈The scenario I am playing out is to wait for the right moment to continue the uptrend. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
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DXY WEEKLY OUTLOOK DXY
2 scenerios for this coming week (very heavy with CPI and FOMC this week)
1) Looking for a continuation melt on the dollar index with a small bear flag on the hourly timeframe. With a break of structure I can see further downside on the dollar which would give rise in the equities market.
2) Looking at the dollar index to form a double top at 106.5 - 107 region for better risk to reward sells which means this will give equites, crypto a short-term downside move as we are currently experiencing now which can serve as manipulation or liquidity grabs to the downside for further upside later in the week or the coming weeks.
Inflations Prints (CPI TUESDAY 9.30 PM SGT)
As per seen from the prints of previous month, inflation is easing. We will be looking for Tuesday's print to be lower than that of previous month of 0.4% to signify a continuation of easing prints for the months ahead. If inflation were to print higher than 0.4%, we can safely gauge that the prints of previous month was a "One Trick-Pony". We will be looking at a continuation of bearish equities market / stocks / crypt and gold and dollar dominance.
Inflation prints is in direct correlation to the FOMC monetary policy. If inflation is easing due to constant aggressive rate hikes, we can be looking at the FEDs to ease rate hikes accordingly as well. The market has been pricing in a Fed pivot Phase 1 and expecting rate hikes to be eased this month printing at 50 BPS. We will be looking at dollar weakness and bullishness across all global markets when this happens.
InvestMate|DXY Declines Before Increases💵💵DXY Declines Before Increases
💵Looking at how the dollar has behaved in recent days, it is not difficult to get the impression that we have not exhausted the full downside potential.
💵We have stopped at the first support zone.
💵I think we can stay between the nearest supports for a while.
💵Everything currently points to a continuation of the declines.
💵But I would be very careful, at any time we are eventually able to make an upward correction.
💵The support zone we are currently on was determined by the level of the 0.236 level of the entire upward wave from the 2008 bottom to the 2022 peak.
💵The lower support zone was determined on the basis of the downward wave from the 1969 peak to the 1978 bottom.
💵The resistance zone that is above us was determined by the 0.681 level of the entire downward wave from the 1969 peak to the 1978 bottom.
💵The scenario I am playing out is a slight descent between the support zones and waiting for the upside to start, to the vicinity of the resistance zones. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
InvestMate|DXY, So what are we growing?📈📈DXY, So what are we growing?
📈Post is a direct continuation of my short position on DXY which was a success:
📈As I have written in previous posts after such a sharp discount it will be time for growth.
📈I think we are in the right place to be increasingly confident of these increases.
📈The final test of the test will be the resistance zone resulting from the cluster of the 0.382 level of the entire downward wave and the 1:1 level of the largest upward correction.
📈If there is no major correction or test of support levels. We can confidently expect increases.
📈The scenario I am playing out is to continue the upside to the resistance zone and watch how the price reacts there
📈*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases.
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InvestMate|DXY, where to join the rise?💲💲DXY, where to join the rise?
💲Post is a direct continuation of my previous analysis:
💲As we can see as I wrote we have started a wave of rises on the US dollar.
💲In this case, I have determined for you a possible support point from which the price will again continue the increases.
💲The point was based on the fibo level of 0.382 of the entire upward wave and where the previous price found resistance.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
DXY : Between The Bullish and The Bearish Scenario! Why?DXY : Between The Bullish and The Bearish Scenario! Why?
⚠️BREAKING:
REPUBLICANS WIN ENOUGH SEATS TO GAIN CONTROL OF THE U.S. HOUSE OF REPRESENTATIVES
The above news may create some volatility today regarding the USD.
The market will have to take a stance on the future direction of the government and the dollar.
The biggest problem is that traders will have to deal with the fact of speculation with this news.
So we can never know what might come next as these events are heavily interpreted by news websites for future impacts on the US economy. So be careful.
At least that will happen until the market absorbs the news.
Thank you!