Upon examining the Elliott Wave pattern for the DXY in a broader timeframe, it seems that the current phase aligns with the fourth wave. This phase could be characterized either as a zigzag or a WXY correction. Based on this interpretation, it's plausible to anticipate an initial upward trend leading towards the fifth wave, preceding a notable pullback in the index.
Hi my trading friends, Have you been following the dollar and what she has been doing over this past week? If not, I got you. The dollar made a new high after pulling back in a slight downtrend over the last few weeks. We now need to see if price can hold that high position or fall. Let me know in the comment section below what your next move will look like!...
The dollar is keep on the rise while the FED Pause there Hikes. So we wait this zone 108 for filling its 4hr GAPS. But tonight More FEDs member speech. ISM later 10pm asia . This is my view and my top of the DOLLAR. only this month ranging around 108. Trade at your own risk. Follow for more ...This idea is base
H4 - Price respected a key resistance zone and bounced lower. Uptrend line breakout. Lower lows. H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold I expect the price to move lower further after pullbacks.
On the weekly timeframe it is more convincing that the last spike down was a sellside liquidity grab in order to start reaching towards the buyside liquidity, starting with the descending trendline. I will be anticipating further movement higher over the weeks/months to reach for the weekly Bearish Breaker Block. I also expect a measure of using a previous...
DX1 DOLLAR💥1H-TIMEFRAME ANALYSIS 💗Hello ladies and gentlemen This is my new idea for 💥Dollar Index I hope my idea is clear Support me by like and share thank you Stay Safe💯💲💲💲 Good luck💰😍
We have broken out of a falling TL, prices above the 20dma and 50dma. While everyone is expecting the $ to decline, it seems to have other plans. Till 100.60 is not broken decisively, $ may be heading a lot higher. Initial target 106-110
To print, or to not print? That's the question to resolve, if you want to succeed in different markets. Many investors & traders focus onto indicators, bands or some chart structures like Harmonic patterns, economy overviews, data and personal opinions. Everything what would help is useful. Especially at shorter time frames. When I am looking from my view...
The 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...
After a long period of uptrend, US DOLLAR INDEX reached its critical point. The Fed raised interest rates last week. After that, dollar index a very strong growth and reached the level of 114.400. What's next ? I have no problem admitting that the XXX/USD short trade is the only trade right now, with the US Federal Reserve and other central banks intent on...
Dollar index ready to fall are you ready market break in the two demand zone we expect a market bearish move to start valid till invalidation level if break then continue uptrend start
DOLLAR INDEX MY VIEW- N.B- In this situation DXY chart create bullish butterfly pattern . So, market need seems to SELL correction at 107.666 & 107.300 support level. Then Market fully BUY.
In this situation DXY chart Hopefully create bullish Rectangle pattern . So, market need seems to SELL correction at 108.600 & 108.400 support level. Then Market fully BUY to 109.550 & 110.200 resistance level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel...
N.B- In this situation DXY chart create Bearish butterfly harmonic pattern. So, market need to seems sell correction 106.250 & 105.700 support level. If breakout 107.500 resistance level then market will go 108.400 level.
The price responded perfectly to the signal sent by the MCS in H4. After this excess of strength, the price pushed down until it reached MML H4, giving us the opportunity now to place a Stop Profit below the entry point. Let's set the new Stop Profit at 96.72 Once we reach 38.2% of the last bullish vector we can lower the Stop Profit on the MML to 96.05,...
When dollar index chart breakout 93.800 resistance level then reach to 93.800 level.
Possible forthcoming trend scenario!