DXY brief gain and long position 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
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 🐋
Dxylong
Dollar repeating year 2000 patternI'm redoing this one because I selected short by mistake on my previous idea.
Using TA, Trendlines, and patterns, I show how the dollar appears to be following its pattern from the year 2000.
It may have a short term down movement but overall it will be heading up towards 122 by 2024.
Note: I only use public indicators in all my charts.
BUY DOLLAR BEFORE FED NEWS I am currently bearish on GOLD using DXY projection, selling from 2,000 to 1985 and 1975 respectfully. fed news will be dropping today so i am expecting a pump before a dump.. DXY is bearish long term but SMTF shows bullish back to 102.400 area.. what do you see for the fed news today ? Discuss.
DXY brief gain to the resistance area 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
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 🐋
DXY close to great daily support area 📖🚀Hello 🐋
Based on the chart, the price is close to the support area and channel support ✔️
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 🐋
$GBPUSD Short Trade
Similar to the USDJPY trade I'm taking a position based on two things, price is at channel resistance whilst DXY is at support. Granted, DXY hasn't necessarily been performing well in the past couple of months but I believe we have found a bottom.
I think we see a DXY rally which will negatively effect other currencies vs the USD base.
2023 tradingdesk for the dollarHi Traders.
From now i will have one main idea, and all the ideas as we reach cycle targets for the year will be updated in the thread.
Fallow, like so you dont miss the updates.
I dont trade short term, keep in mind my ideas are longer term, and its boring.
We wait for the cycles to bottom and we wait once in the trade for the trade to mature.
DXY AT IMPORTANT RANGEHello friends, today Jerome Powell indicated that they should increase interest rates further more, they said same thing last month but it didn't give much strength enough to DXY enough, so I expect such a move which I have indicated in the chart... and J Powell speech indicates that there's loads of supply of US dollar in the market, and to make US Dollar strong, they should lower down the dollar note printing... and they have to lower the supply of US Dollar.... this indicates that US dollar supply is high, which means collapse of DXY... and I expect US dollar crash anytime soon, and I predict that it may happen after NFP report on 10 March...
Hope y'all wellness....
I am backToday the weekly data of the US labor market was published, confirming its cooling. Thus, the number of initial applications for unemployment benefits increased by 228.0K, which is slightly less than the previous indicator of 246.0K, but higher than the forecast of 200.0K. At the same time, the total number of citizens receiving assistance from the state increased from 1.817M to 1.823M instead of the expected decline to 1.699M. This statistic confirms the possibility of suspension of the interest rate hike cycle at the next meeting of the US Fed in May. We also note the corrections in the opinion of the head of the Federal Reserve Bank (FRB) of Cleveland Loretta Mester, who on Tuesday argued that the cycle of monetary policy tightening should continue, and the rate should be raised above 5.0%, but already on Wednesday said that it was too early to talk about whether the cost of borrowing will be raised again in May.