DXY upThis hook bottom looks like is going to retest supply on the 110 level
This recovery will affect directly on Bitcoin and Gold
Dollar-index
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.
🚀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, 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!
InvestMate|DXY Correction before continuing declines💲💲DXY Correction before continuing declines
💲In today's post we will look at the situation on the dollar index.
💲As in last post I perfectly predicted the declines by presenting my observations on current monetary policy in the US, I refer to the material below:
💲This time I think there is a chance to make an upward correction in the downtrend.
💲I have used several technical analysis tools on the chart, I will describe each one separately below:
💲1. I have determined the downward channel of the downtrend
This has been respected many times in the past, as we can see we are currently below it, and there is a high probability of a return to the middle.
💲2 I measured the fibo waves from the peak to the current low. The levels could provide resistance in the future
💲3 I measured the biggest correction in the downward momentum and came up with the level of the 1:1 equality of the biggest correction falling at the level of 110.168
💲4 I have set a support zone at current levels, we can see that this price level has been a zone of interest in the past.
💲5 I determined a resistance zone, based on the 0.382 level cluster of the downward wave and the 1:1 range of the largest upward correction. The location on the chart is not coincidental, price has found solid support at these points in the past
💲The scenario I'm playing out is for a correction to the resistance zone from where the next downward wave will start, all due to a weakening dollar based on the ever-closer valuation of the peak of the interest rate hike and falling inflation. For more fundamental data, I refer you to my previous post on the dollar
💲*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
dollar index daily : technical say it can see 125 support dollar index touch fibo61 and now little can go up but i predict trend will remain down if high not break
good luck
DXY 1DHey Guys
I hope you have a good start to the week
Dxy is on a bullish Order block and can make the market bullish for USD/pairs
According to the chart, if there is a rise for non-dollars, even to create a new high, it can be the last rise before the fall
DYOR
11/14/2022
GME | GameStop | $GMEVideo breakdown of what looks like a short trade in GameStop...
Time will always tell.
Control risk 1% and 2:1 RR
$USOIL $97 short-term target 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Hello fellow traders and investors! My team isn't expecting oil/gas demand to slow down anytime soon. A long-term target of $132 and beyond is on the horizon. Ever since the war in Ukraine began the Biden administration has been trying their hardest to keep prices down by releasing war-time oil reserves periodically. This is a temporary solution, and my team believes that it will eventually lead to a blow off top. Raising interest rates seems to be the feds only solution to combating the situation, yet it has become evidently clear that they have no idea what to do and whether or not this will actually solve the issue.
These are just our thoughts surrounding the situation and things could change quickly with the emergence of new information. We hope that this helps!
!! This chart analysis is for reference purposes only !!
If you want to see more, please like and follow us @SimplyShowMeTheMoney
EURUSD | LongThe dollar does seem to be relaxing, I see the break out of the descending trendline.
Ideally, we wait for the pullback to hit that 50% Fib level to go long. Almost a 2.5:1 Risk Reward.
The trade is technically sound. Let's see how it plays out.
1% Risk
2.5:1 RR
DXY very bullish ! growth can continue up to 120The Fed had on Wednesday had hiked the upper target for fed funds to 4.0%, its highest since the Great Financial Crisis, while Chair Jerome Powell had said that interest rates will have to go higher than previously thought, even if the size of individual hikes from now on is likely to be smaller than the 75 basis points seen at the last four meetings. If we can break through the previous high, the growth will continue very strongly.
DXY Will Fall! Sell!
Hello,Traders!
DXY was trading in an uptrend
But then the index broke the rising support
Went down and the up again
To retest the supply level above
From where I think it will go down
Towards the target below
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!
✅DOLLAR INDEX SWING LONG🚀
✅DOLLAR INDEX is trading in an uptrend
With the index set to retest
The long-term rising support line
From where I think the growth will continue
LONG🚀
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✅DOLLAR INDEX BUYING OPPORTUNITY|LONG🚀
✅DOLLAR INDEX is trading an uptrend
Which makes me bullish biased
And the pair is retesting the rising support
Thus, a rebound and a move up is expected
With the target of retesting the level above
LONG🚀
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Dollar Index Chart Analysis....
In this situation DXY chart Hopefully create M pattern.If breakout
111.600 Nick line zone then market need to Seems sell correction on 110 :999 and 110:400 support zone.
If breakout 114.000 resistance level then market Buy UP to 117.560 resistance level.
DOLLAR INDEX DXY BULLS READY?In dxy dollar index price is tested its strong level of resistance multiple times which is 113.10 to 113.20 area and if break this area than we see the bullish momentum in the dxy price and we see price test its high of the wick which is 113.70 area also fill this wick because wick never lie/ and for the next target for dollar index is 114.07 area this is the target for next complete week.
✅DOLLAR INDEX TIME TO BUY|LONG🚀
✅DOLLAR INDEX fell down sharply
But a strong support level was hit
Thus as a rebound is already happening
A move up towards the target shall follow
LONG🚀
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USDJPY - Short Idea. I break down where I see price action struggling to make new highs.
I also step back and point out a very sizable "inverse head & shoulders"
These pattens could take months + to play out - if they do.
3:1 RR
1% Risk happy trading.
✅DXY WAIT FOR THE BREAKOUT|SHORT🔥
✅DXY is currently forming
A bearish flag pattern
While trading in a local uptrend
So I am expecting the index
To make a bearish breakout
And go down to retest the level below
SHORT🔥
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DXY correction playing outThe correction on USD index is playing out - we're headed for the bottom of this ascending wedge - Breaking it will be bullish for stocks and crypto - We need to see what will happen there.
If we break it - likely target is marked on the chart.
I remain neutral and will keep monitoring it.
DXY's Fall will be brutal
Lets take a look at the USD Index DXY
Its been forming a hell of a bear flag all the way since 2008 and we're now in the final moments of reaching its top.
Right now the 5th wave of C looks like an ending diagonal (yellow) count where the 5th wave gets extended forming a broadening wedge top formation.
Once that breaks the game is on for lower.
DXY should turn before 112.943 (so that orange w3 is not the shortest within the parent wave)
In order to keep this idea valid DXY may not exceep 2.618 of AB @ 117.56 / local 1.886 @ 117.70 confluence
The dollar has weak support!By breaking the support with a daily candle, it is heading down at lightning speed
