✅DXY broke the key structure level While trading in an local downtrend Which makes me bearish And I think that after the retest of the broken level is complete A rebound and bearish continuation will follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey family sorry I've been a bit MIA this week, things happen so we gotta get through and keep pushing! Take a look into this #DXY mark up and see if you see what I'm seeing (/0.0\) Trade well gang and keep moving that stop loss into profit!
Hello,Traders! DXY went down from the Key horizontal resistance But then hit a local support From where a rebound is Already happening and I will be expecting A retest of the Local target above Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Somewhat neutral on the dollar, with a small bias for weakness, but can see it making big pushes this week to satisfy buyside objectives.
Hello. Hi. Hey there! So this is another DXY update following my previous mark ups. I want to keep posting these because 1. They've been fairly accurate and 2. Its helping you (also me) with identifying potential long term/short term plays. I mentioned that I am overall #bullish on the dollar and the way price reacted to my levels... bittersweet (,: But I also...
As mentioned in our article yesterday, as long as EUR/USD remains above 1.056, the bearish momentum is still limited, and once EUR/USD stabilizes above this position, the euro may point to 1.0650/60.The current exchange rate is 1.06482, which is fully in line with my expectations yesterday. On the fundamental side, more hawkish remarks made by several members of...
DXY Week Outlook. USE RISK MANAGEMENT. Looking for the DXY to have a push either direction for this weeks news at the end of the week earnings reports, unemployment reports, non-farm payroll is coming out as well.
✅DXY is going up to Reetest a horizontal resistance Which makes me bearish biased And I think that a pullback And a move down from the level Towards the target below Will follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The idea is based on the Elliott Wave Theory. The current upward move is to be marked as wave X correction which means a wave Y will unfold driving the prices much lower. The wick at 34895 can be marked as Invalidation for this analysis.
Hello dear Investors, Traders and of course Beez! Quick TA update on DXY coming right through your way kindly provided by CryptoQueens! DXY: It is ranging inside Triangle Pattern. Mot definitely breakout to the upside! In addition, Flat Divergence has been formed in correlatio to price. Next Resistance - Bearish 4hr Orderblock highlighted in the chart...
As highlighted on my last update, we are expecting a mid term correction on the Dollar Index, despite our main bias being bearish. The DXY is now up 300 PIPS so far & still expected to climb higher towards $107-$109. This move is a correction & corrections take time to play out. So exercise patience while this move pans out.
COT: Dollar has weakened significantly since mid NOV-22 Driven by institutional selling of long contracts since begin Q4-22 Assisted by accumulation of short contracts sinds JAN-23 Outlook for Q1-23 remains sideways to down Next downside level is 99.60 FOMC & NFP: Before another drop below 100 big figure a retrace is likely 103+ will likely be...
As you can see, the price is in the important zone that can specify the next move from here. If the price can stay above 99.64 we expect the first scenario. Please pay attention to the details. 💡Wait for the update! 🗓️03/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
DXY 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.
Hello,Traders! DXY is trading in a downtrend But a very strong horizontal Support level is ahead so I think that we will see A bullish correction Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
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...
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...
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...