Pair : DXY Index Description : Falling Wedge in Short Time Frame Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Demand Zone RSI - Divergence Symmetrical Triangle as an Corrective Pattern in Long Time Frame
Hi fellow traders, DXY is ready to make a move lower from the blue box after completing the ABC correction. Target the 102.45 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!
DXY is moving under the descending channel and trend lines. The price has already approached the support level for the third time. We expect a rebound after the support is retested. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
I have gone through every trick I know trying to settle on analysis for the dollar. Let's be honest, the past year and a half have been nothing but squirrelly, sideways movement that appears to go nowhere and do nothing. In fact, we are basically sitting at the average price over that time period. SO, how should we read this? Well, this is how I read...
**Monthly Chart** DXY monthly candle closed as bullish. This month's candle (still active) reached the supply zone last week around the 106 level and bounced lower from it. Note: I don’t trade DXY but I use it as an indication when analyzing other currency pairs linked to USD. **Weekly Chart** Last week's candle closed as a bearish engulfing suggesting a...
Impact on Bitcoin (BTC): The DXY’s movement often has an inverse relationship with Bitcoin. A rising DXY typically exerts downward pressure on BTC, as a stronger USD reduces the appeal of alternative assets like Bitcoin. Conversely, a weakening DXY can provide a tailwind for BTC, encouraging capital flows into the cryptocurrency. Historically, the 12 EMA and 50...
Do you remember the pandemic period? The markets seemed to crash first, many of us even said, let's keep our money, neither stock market nor investment, let's see the way ahead first, let's not be exposed. Today, they had another case that shook the world. I say they did because I think there is nothing unconsciously done. Does the Monkeypox case look familiar?...
CPI is lower than expected, gold falls off a cliff, can the US dollar survive the desperate situation? Today, the US seasonally adjusted CPI annual rate for the end of July was lower than expected. With gold and silver slightly bullish, gold price fell from a high of 2474 to 2050, a drop of 24 US dollars. Everyone knows that if gold price falls, the US dollar will...
Yesterday, the deputy governor of the Bank of Japan said that "the market is unstable and there will be no interest rate hikes". This is a relatively "dovish" statement. In addition, the upcoming September interest rate cut conveys a good opportunity to enter the market. That is, the US dollar will still fall. Although the market is narrow today, the US dollar...
As The Employment Data This Month was Really Bad, and The Fed is Likely to Cut Interest Rates in September. its Looking Bearish for the Dollar,
DXY fell to the lower boundary of the descending channel, continuing to move between the trend lines. The price reached the support level, which was already acting as a rebound point. The chart reached the lower trend line. We expect a rebound after a retest of the lower channel boundary. ------------------- Share your opinion in the comments and support the...
Pair : DXY Index Description : DXY Index is following Symmetrical Triangle as an Corrective Pattern in Short Time Frame and It has breakout the Lower Trend Line. According to Elliot Waves theory it has Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves. Rejecting from Strong Support Zone and Fibonacci Level - 61.80%
The Dollar Index and what we will see in the coming years from its collapse has become imminent, we may witness it at 64
The TVC:DXY is experiencing a cooldown, as indicated by the MACD. It was overbought and needs to relax a bit. However, this is not a reversal; it is just a reaccumulation. The inverse head and shoulders pattern suggests a target of $106 if the pattern stops at the bottom of the right shoulder, returning to its previous level and ready for more uptrend. A buy in...
8.2 US stocks collectively plunged Qualcomm fell 9% Nvidia fell 6% Tesla 6% Philadelphia Semiconductor Index fell 8% Intel fell short of expectations Is the above directly related to the news of interest rate cuts in September? The answer is "YES" What do you think of this comment area? Welcome to comment
DXY None Farm Payroll outcome from 13:30 today U.S PRIVATE NONFARM PAYROLLS (JUL) ACTUAL: 97K VS 136K PREVIOUS; EST 148K U.S PARTICIPATION RATE (JUL) ACTUAL: 62.7% VS 62.6% PREVIOUS U.S MANUFACTURING PAYROLLS (JUL) ACTUAL: 1K VS -8K PREVIOUS; EST -1K U.S AVERAGE WEEKLY HOURS (JUL) ACTUAL: 34.2 VS 34.3 PREVIOUS; EST 34.3 U.S GOVERNMENT PAYROLLS (JUL) ACTUAL:...
The DXY index - measuring the fluctuation of the USD compared to six major currencies in the world - decreased from 104.8 points (8:00 p.m., July 30) to 103.94 points (8:00 p.m., July 31, Vietnamese time). Male). Thus, there are more positive signs for the US economy. This is a factor that may cause the US Federal Reserve (Fed) to have a plan to lift monetary...
Quarterly: Based on the Quarterly theory this is Q3 of this year 24, & Q2 was the manipulation of this year, which has been formed upside, So the Q3-Destribution the price will go down whole August-September 2024, Draw on Liquidity: If I draw a FIB from the last year low to this year high the OTE Level is around 102-389 to 101.917. levels. So we will check any...