DXY Intra Week Thesis "JUICY"GUYS FOCUS AND CAPITALIZE ON WHAT I AM PROVIDING YOU WITH IN THIS POST. THIS THESIS CAN CHANGE YOUR LIFE.
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Dollarcrash
In response to Headline: Dollar Slide
This was the headline from well-known news media. Traders, you have to be careful when you read headlines like this. Don't jump into the conclusion that the news is 100% correct.
Look at the chart for yourself.
The candlestick circled in yellow is the European market opening candle. It is a 33pips retracement(a big word to describe market pullback from a previous, more significant move).
When there is no mention of the Dollar rally on previous days, you can read the news media's bias.
The next question the people have is, "Is Fundamental Analysis more important or Technical Analysis more important?"
It is like asking if water is more important or air is more important...
Both are essential to a Trader who wants to go Pro.
One thing I could say, the chart tells you what market participants are looking for and what they have "voted for". Through their action, you will either see the market going higher or lower.
Market Participants - Financial Institutions like Bankers, Hedge Funds, Private Hedge Funds, Family Funds, Investors, Traders, Importers and Exporters, etc... Not forgetting Governments who holds the trump card of intervene the FX Market, which has seen "NOT EFFECTIVE" for the past decade.
So next time you read a news headline, don't jump to a conclusion. Do some research, do your analysis or ask experts with relevant experience you trust.
Silver squeeze. 43 Dollar SilverHold your horses! Silver looks as if its ready for a squeeze ! I predict an impulse movement creating silvers ATH any day now. 80 dollars, however i do not think it will sustain there long, most likely finding a bottom of 43 dollars. Then up to 111 dollars peaking impulse around mid-to-late June.
The dollar is likely to crash in late November Around a month from now the dxy should be at around 102
This has huge implications for risk assets
Just this figure alone should put Btc on course for 50k and dji/spx for aths
Let’s see what happens!
GRI 2022
NOT TARDING ADVICE
WHEN THE DOLLAR CRASHES!!!!!When you trade US Based pairs (anything tagged to the dollar) it's important to be mindful of news and what price the DXY is trading between.
EURUSD has been shorting hard because the DXY (dollar) has been at an all time high.
With the bad inflation news that just recently came out, the dollar immediately fell off a cliff causing all US Base pair to experience a correction in the markets.
This is nothing to get worried about.
When we know when and why these things happen in the FOREX market we can better capitalize on these moves for huge profits.
Happy Trading Family!
DXY, 23 Dec. Is the Dollar about to Crash?The DXY has been stalling since 24 Nov. and the weekly chart reveals an important resistance. Let’s take a look if the USD is about to break out - or crash.
Stochastic:
The Stoch is in overbought territory for the past 161 days. This is the longest period since 2015, and a dip into oversold is due.
Pitchfork:
The pitchfork and its internal Fibs appear well-respected by price. The outer boundary now provides resistance. DXY is stalling precisely at this point and formed a triangle.
Elliott:
Price is in the 50-62% retracement zone but has not hit the 61.8 Fib mark. The EW count is difficult. We are able to ‘force’ a completed ABC count with 5 sub-waves in wave C. Alternatively, we can count a completed wave 3 and expect a lengthy wave 4-correction towards 94 (the 38.2% retracement).
How I trade it:
Even though the ascending triangle is a bullish formation, a few factors point at a strong resistance. The idea is to build short exposure after a break below 96, in case the bearish assumption is correct, and to exit the position if DXY continues to range outside of the pitchfork.
EURUSD - 60 min chart (updated) - broke local res.support at .618 held - so up to test: 1st- high 1.105, then higher
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