the dollar has been real nice to use had a pull back then broke the high came back retested that bullish orderblock and starting to push towards tp1 we also had a internal break of structure so bulls have a little power the downside is i dont see a higher low just yet and new session about to start lets see what happens with dxy
Considering the divergence and performing 5 ascending waves, we can boldly say that the ascent has stopped for a period of several months! And we expect price increases in high-risk markets, including stocks and cryptocurrencies
DXY chart long term create Double bottom pattern And short term chart hopefully create butterfly pattern. Then the market goes Up to 92.730 & 92.922 resistance zone. Then, the market goes down to 92.111 support zone. If breakout 93.300 resistance zone then market goes to buy to 94.000.
Dollar Index A third-wave decline might be at the early stages It seems like a wave (2) might have been in place, so we could be at the beginning of wave (3). If correct, the market should break the low of wave (1) in the weeks to come. At the same time, we can’t rule out that wave (2) might be a little bit longer, possible as a flat pattern. We will...
Good morning everyone! Following dxy closing out of the flag, we are waiting for more confirmation for it to break below 92.95 If broken , we will have confirmation of more bears for this bear flag to confirm and continue. Cheers and stay safe!
My whole view for Index is short , there can be a Pullback but it wont last too long , Two zones to sell , please Note >: all the Analysis is Based on FA . All the mouves that happend in the Stock/Forex Market in the last 4 Months were fundamettaly based ,from QE to keeping Interest rates near 00 untill the end of 2020 , all this is in favor of my short position...
DXY formed into Double Top pattern .A pin bar occurred on top and this pin bar strong because previous two two pin bar on top worked successfully.Expecting a small lower move in respect of DOUBLE TOP.
DXY bounced off 97.40 where it could potentially rise further to 97.83. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY expected to rise up to 1st resistance at 98.69 where it could potentially react off and drop down to 1st support at 97.63. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY to climb from its upside confirmation at 97.89 where it could potentially bounce further to 98.64. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY bounced off 98.61 where it could potentially rise further to 98.95. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY to climb from its upside confirmation at 98.46 where it could potentially bounce further to 99.31. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The Dollar under the Monthly 50SMA is toast, doomed. Why? Take a look at the previous 2 major declines of the Dollar. The last one is on the chart and highlighted with a yellow ellipse. Recently price is worming around it (red ellipse). Once it is below the Monthly 50SMA again there is nothing to stop it from falling like a rock. Currently, the price is under it...
Yellen continues to beat around the bush regarding a rate hike this month. Yields have been rallying leading up to Yellen's speech but the Fed continues to disappoint by not providing a concrete decision on whether they are raising or not. If we treat this as a fake break of the trend line but more so as a box and range then we could see 2.300 again before the...
Today we ran a clean level of stops around 101.70 with a nice reaction and 4H pinbar. There has been some divergence in the recent up move though we could see more bullishness to 102-102.50 levels before turning. There is a liquidity void where orders were not filled around 99.00 which I believe we will need to fill before further upside.