Dxyindex
DXY nearing neckline. Whats next ?As you can see from this chart, the DXY has been creating CUPS ever since the $ de-pegged from the GOLD standard on the order of President Nixon in 1971.
Not only that but, with the exception of 1982-1986, there has been a "Ceiling" or Strong line of resistance, that PA will not cross BUT the Cups have been getting Deeper on each occasions. No gains, bigger Losses
We are now approaching that "Ceiling" once again and PA is possibly NOT going to reach that line before Dropping away again.
The Real world situation that the $ finds itself facing is with little doubt, the most adverse it has faced yet.
Currently we are seeing the US banking system under pressure and liquidity being placed in various organisations to help.
The State Treasury is also under serious pressure as the $ is pushed aside in international transactions. The Loss of the use of the Petro$ has already cost the USA $Billions and may well be the unspoken factor in the loss of support in Banks. IT should be noted that the Use of the PETRO$ began in 1971, when the $ walked away from the Gold standard
The $ is also facing stiff competition for the First time in its life, for the very foundation of Banks.
CRYPTO is making itself felt and the reaction of the USA Will be very telling in the future. Currently, The USA, or the BANKS, are very Hostile to the "young pretender" and this may well weaken the $ against Crypto
What ever happens on Wed, 22nd, when the FED proposes it new level of interest rates, any gains by the $ will be short lived due to the reasons mentioned above. The REAL question is how will it recover? And When ? Will it even reach the neckline of its current CUP ? Traditionalists may well support the $ and this alone may push it higher but the outside pressure will surely weaken even them
MAKE OR BREAK TIME
🥇Gold🥇 Analyze [Road Map!!!🗺️(03/19/2023)]Hi everyone, today I want to update the 🗺️Gold road map🗺️.
It is better to look at the previous roadmap that I published on Feb 7 in the 8-hour time frame. (Gold is moving ✅well,✅ according to the analysis).👇
Now we have to look for the end of the main wave 5.🧐
The end of wave 5 will most likely be in the 🔴resistance zone($2,114.9-$2,062.7)🔴 and 🟡Time Reversal Zone(TRZ)🟡.
Of course, according to the fundamental news, Gold seems to touch the resistance zone and resistance line easily.
Gold Analyze ( XAUUSD ), Daily Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
🥇Gold🥇 Analyze [Road map!!!🗺️(02/07/2023)]Hi everyone, today I want to show you the 🗺️Gold road map🗺️ maybe you can find the 😱treasure map😱 in my chart.
If you would like a good view of Gold on a weekly time frame, I suggest you take a look at my July 3, 2022, Gold road map post.
After watching this post, you will be surprised how beautifully Fibonacci price and time zones worked correctly✅.👇
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Better to go back to the present😊; Gold seems to have found the end of the main wave 3 above the ascending channel and is now completing the main wave 4 since the structure of the main wave 2 was a Price correction, so I expect It is most likely that the correction of the main wave 4 happens in ⏰ Time ⏰, also it is most likely that the structure of the microwaves of the main wave 4 is zigzag(ABC/5-3-5).
I marked the end of the main wave 4 on my chart with the yellow zone.
Gold Analyze ( XAUUSD ), 8-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBP Short Setup Straight forward short setup for the GBP / USD .
Perhaps this is too obvious but either way i present to you a nice short setup with easy invalidation .
At the target box we have the 200EMA sitting with .618 fib and the point of control of the range *POC
I don't think we go straight down from here although of course that's possible but i would like to see a
reaction at the level provided and then perhaps a move back up to take out those equal highs before the real move down .
With NFP tomorrow perhaps this is a scenario which will play out during this time .
Trade with a clear invalidation and like follow to support me .
Thanks for stopping by
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/10/2023)!!!Euro /U.S.Dollar reached the top of the descending channel for the third time while it sees the 🔴resistance zone($1.07220-$1.06850)🔴 above.
It also seems that the RSI indicator is forming an Expanding Triangle pattern in the 4-hour time frame.👇
I expect the EUR to break down to the 🟢support zone($1.050-$1.046)🟢(maybe more) based on my analysis of the DXY as well as the high points.👇
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 4-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
DXY Next Possible MovePair : DXY Index
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame
Divergence
Break of Structure
Completed " 12345 " Impulsive Wave and " AB " Corrective Wave
Impulse Correction
Rising Wedge as an Corrective Pattern and Breakout the Lower Trend Line and Completed the Retracement
DXY brief gain to the resistance area 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support and even made new ascending channel that we mentioned in our next analysis too ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Dollar Index Chart Analysis....
In this situation DXY Short time chart create Bearish BAT Pattern. So, market
short term Buy UP to 104:930; and 105:100 resistance level. Then market need long
sell correction to nearest Support 103.700 and 103.400 level.
AronnoFX will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
data, quotes, charts and buy/sell signals.
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Traders, if you like this idea or have your own opinion about it,
write in the comments. I will be glad.
DXY brief gain to the resistance area 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support and even made new ascending channel that we mentioned in our next analysis too ✔️
if
the price doesn't break the support zone to the downside, we can see more gain 💣🚀
otherwise
we can see more correction ❌🧨
👌 Notice: pay attention to the price on shortcut chart (located above the main chart with black colour) 📖💡
Please, feel free to share your point of view, write it in the comments below, thanks 🐋
💵Euro/U.S.Dollar💵Analyze (Short Term, 03/08/2023)!!!Euro/U.S.Dollar is running near the lower line of descending channel, support zone, and SMA100(Daily TF).
Also, Euro/U.S.Dollar was able to make a 🌅morning star candlestick pattern🌅.
I expect Euro/U.S.Dollar will go up at least until the middle line of descending channel
🔅Euro/U.S.Dollar Analyze ( EURUSD ), 2-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵U.S.Dollar Currency💵 Index Analyze (DXY,02/23/2023)!!!It seems that The DXY index is making a leading diagonal.
The end of wave 5 can end at TRZ(Time Reversal Zone) & PRZ(Price Reversal Zone).
I expect that the DXY index has started the first impulsive wave.
U.S.Dollar Currency Index ( DXY ) Analyze, 4h-Time frame (Log Scale)⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵U.S.Dollar Currency💵 Index Analyze (DXY,03/10/2023)!!!After the completion of the leading diagonal, DXY Index started to build an Expanding Flat(3-3-5) corrective structure.
I expect the DXY Index to start growing in the coming days and reach the next 🔴resistance zone($109.32-$107.74)🔴.
U.S.Dollar Currency Index ( DXY ) Analyze, 4h-Time frame (Log Scale)⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
dxy nfp setupseems like this news is setting dxy for a nice pull back after that last explosive move if 104.200 holds we can see another leg up for a move up since dxy made a higher high im still bullish biased over all this pull back most def was needed
now if the next push up doesnt break that last dxy high we could see seelers start to step in
DOLLAR dxyLETS start to buy dollar by today.
reasons:
1.Fed testifies that unemployment rate gonna increase.
2.Fed is gonna continuing increase the interest rate.
3.Inflation still high and way far from Fed's target 2.
4.NFT came last month high rate 517K and its highest data until last year June.
5.Today we have NFP data and might be bullish dollar again and even if not I am still bullish pn dollar and
i will look some other support levels to buy.