For the DXY, my outlook is that the price will retrace back up to 101.700 before continuing its bearish trend with another drop. Since that point of interest (POI) is still far from the current price, I’ll be looking for a potential buy setup around the 100.800 area, which aligns with a 3-hour demand zone. If the price respects this zone, it could generate enough...
My outlook for the dollar is focused on scouting a bearish continuation. A 7-hour supply zone has emerged, and I'm looking for the price to enter this zone to trigger a bearish reaction, potentially creating a new leg to the downside. If the supply zone is broken, I would then anticipate the price rallying higher into a more premium supply area. However, if the...
July housing data was generally weak, with building permits down 4.0% to 1.396M and housing starts down 6.8% to 1.238M. The sector is under pressure as the Federal Reserve’s interest rates peak and may begin to decline soon. Yesterday, St. Louis Federal Reserve Bank Governor Alberto Musalem noted that macroeconomic data has strengthened the regulator’s confidence...
H4 - Bearish trend pattern Strong bearish momentum Until the strong resistance zone holds I expect the price to move lower further after pullbacks.
My DXY bias this week is to generally expect a greater downside. I anticipate a small retracement back up before making a new low. Given the recent significant news and the incident involving Donald Trump, we should be cautious and avoid trading at market open, as a major move or spike is likely due to its impact on the US economy. Once the market settles, we...
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone. Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a...
My bias for the dollar this week remains bearish, leading me to seek pro-trend trades from any proximate valid supply zones. With the recent reaction from my prior 3-hour demand, I anticipate the price to continue its ascent to address the imbalances above. Subsequently, my expectation is for the price to undergo distribution within a supply zone identified on...
DXY confirmed its breakout from the bull channel to the downside and is currently showing some minor support at the 200EMA. I would expect the price gap from here to the 9EMA at 105.000 to close followed by another leg down. We have to be careful to not get caught in a 2 legged trap, which is also a possible outcome at this level. How do we trade this? Wait...
US Dollar looking bearish for the moment till it reaches the weekly support zone of 101.5542
DXY seems to be forming a bearish flag pattern which could lead to a further downside in the price. This could be a great thing for BTC, as DXY goes down the price of BTC could rise.
Dollar is consolidating, going to wait for confirmation of direction on the DXY too before taking any USD based positions, unmitigated supply above and liquidity building below, price will probably tap supply and break to the downside towards the shark D point, but let's see! Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end...
The markets are now correction and despite the fact the dollar has had a slow rally in 285 days it struggles to gain momentum and stay bullish. Now you can see from the charts that its heading into some sort of consolidation zone and I would personally short the dollar if I were trading it. I do not have any open positions on the DXY and I would watch it...
As I expected just hit the top of the right shoulder. We will see next week if it goes up or heads down to complete the Head and Shoulder pattern. If it is goes down and completes Head and shoulder we can see some long positions on USD pairs. I see this high possibility to goes down. Today USD did some strong moves but I am still bearish on USD!!! please share...
dxy have created a head and shoulder structure . this mean that dxy failed to create a new higher high. another confluence is that on the left we have imbalance that should be filled . + we have a 4h orderblock and a fresh demand zone that is waiting :D
The dollar has been in a downtrend since late March 2019 and I'm expecting a bearish rejection off the 50DMA. If this were to happen I expect us to reach new lows, which would be very good for stocks and crypto markets. Inversely if the dollar is able to break the turquoise downtrend line then that will be a worrisome signal. One thing to take note on is there...
watch for short setups . EURUSD can reach up to 1.24 or 1.27 GBPUSD still targeting 1.36+ after this downturn i think DXY will reverse up & go for 104 + due to market crash. even 115+ possible in 2021. good luck.