$DXY #DXY #Elliottwave Update Bullish Scenario.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Dxylong
DXYThe dollar index looks long to me. We have corrected to a strong level of 103-104, from which I expect reactions with minimal targets in the form of 109.
The rhetoric of the Fed and the US government is restraining, their task now is to blow off the bubble and reduce the momentum, but do not forget that a lot of money is needed to fight China and support Ukraine in the war against Russia, I think next year we will see the launch of a typewriter. The dollar will strengthen until we see the launch of the printing press
What's next for dxyWe have a bullish divergence and falling wedge on dxy which is bullish sign for now.
In my opinion it's time to retest the broken support then we will see if we go into bear season or not.
That's what we will see unless there's bad news (good for stocks)
GBPUSD REVERSED AT MAJOR 50% FIB AFTER FAKE BREAKOUT TO SELL ??GU managed to reverse after giving fake breakthrough of 50 on fib which is what made me change my bias from original sell to a buy. Now back to original bias of sell. High risk on this one as the false breakout put account down a little . If trade goes right i will make losses back plus some. Should be looking at sells for the next few months/all of next year if all is right or until DXY reaches its top channel
DXY whats next?Hello Birdies,
We just clone the bars from point A to point B and after plotting it above the resistance line we found that DXY will try to tap both the imbalances which will get it as high as 133.
Seems unrealistic but this is what we are seeing on chart.
So far DXY has broken both the strong resistance we can expect some more upside from it.
Thanks to @Tolberti
DXYDXY is heading towards 104.23 Level. It will again resume its uptrend towards 116 mark, from where it will hit a monthly supply and expect a fall. Long from 104 levels.
After FOMC we could expect by tomorrow boomFed will rise interest rate tomorrow on FOMC meeting USD as Base can buy and USD as quotes can sell
DXY: Elliot Wave Price action analysis 4hrHello friends. As you can see in the chart, we have completed the y wave and we are waiting for the accelerated x wave to form, which seems to cause the index to grow to the specified range. So there is an expectation of buying in this area. Take care of your profits.
DXY longsHello traders.
After price broke structure (BOS), I wanted to see it retrace lower and it gave the retracement as the corrective structure in the channel highlighted. As soon as price broke out on the upside, I then wanted to see it pull back again into the last down candle before the up move for me to seek longs (shorts on foreign pairs)… I am currently short on AU, Gold, NU, EU and Nasdaq where my risk is split amongst them all so that I do not over expose myself into the market.
I would personally like to see the liquidity above taken out and then I am good. Whatever happens next is not my business. However, see that it is a Monday, we will see how the week goes.
Happy trading and take care.
NZD/USD- Long set upHi,
Looking for the NZD/USD to break through the local high and retest before heading up to the daily resistance.
Really basic set up on a pair that is in the clearest of bullish trends.
GL
The dollar slowly perks up ahead of US CPI and FOMC meetingThe US dollar is trying to form a base following its false break of the August low. Whilst it saw a daily close beneath the key level on Friday 2nd December, a bullish engulfing candle formed the following day. Furthermore, a higher low formed on Friday with a Spinning top Doji and held above the August low, and momentum is pointing higher today. So if this week’s FOMC meeting is more hawkish than currently expected, these levels likely look appealing for bulls after its near-10% retracement. With that said, I suspect volatility will be lower ahead of this week’s US CPI report and FOMC meeting as traders may be wary to front-run these key events.
- The bias is bullish above last week's low (although a more aggressive stop could be used beneath Friday's low)
- Open upside target, given the market has retraced nearly 10% from its highs and the Fed have the potential to deliver a hawkish hike this week
DXY UprisingHi Traders,
Price to break through the Parallel Channel. Rising to the 105.5 area.
Target price will be 106.9
Let's watch if DXY will push it up.
Thank you!
$DXY #DXY #Elliottwave Bullish Update.This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
DXY 1DExactly according to the link analysis, it came here and reached its resistance. Now we expect it to hit a high from here, and the red Fibo targets, i.e. the ranges of 108, 109 and 110 dollars, are available.
Also, the growth of DXY (dollar index) can mean that the crypto market can still correct and be bearish.
DXY WEEKLY DIRECTIONPrice just started it bearish move which might react to the support zone below, before going to one of those resistance zones
DXY - Long Term ViewDXY (USDOLLAR) has definitely broken out bullishly, its just the question how bullish is it?
I think I have found where the bulls want to go.
The cancel emoji is the target. This completes the pattern that can be seen with the other cancel emoji and the hand down emoji being in the middle.
This is all along the thick white diagonal line which wants to be hit by the bulls as indicated by the green bars pattern.
DXY Up from U.S. Nonfarm Productivity & Crude Oil www.investing.com
DXY Reject Support at 103.5 area and heading to 106-107 area of the first resistant
As USA 7 Dec
API Weekly Crude Oil Stock Actual -6.426M Forecast -3.884M Previous -7.850M
Crude Oil Inventories Actual -5.187M Forecast -3.305M Previous -12.580M
Nonfarm Productivity (QoQ) (Q3) Actual 0.8% Forecast 0.6% Previous 0.3%
Source: www.investing.com
www.investing.com
EURUSD is due for a pullback before resuming higher!FX:EURUSD has reached the end of the trading channel that it has been trending in since the end of Sept. With both a weakening momentum highlighted by the divergence in the RSI and the price action of the previous 2 peaks, coupled with the wedge forming at the end of the channel it seems it's finally time for the bears to step back. However, I don't think the bears should be celebrating yet, as so far it only seems like a healthy correction before resuming higher.
DXY elliot wave expectation - LongDear All,
I Believe we are going one more wave higher.
Please consider your SL and risk management.
Best Regards
EURUSD - ShortDear All,
Once again we reach to our good area to short!
always consider your SL and Risk Management.
Best Regards
Multi-Year Ascending Scallop on DXYDuring the DXY run-up this past year, I noticed repeated ascending scallop patterns that were continually validated by breakouts. These were often on the 5 to 15 min timeframe, but If you look at the ascent even on the hourly chart, you'll notice the pattern reveals itself repeatedly. If you're a believer in using fractals in your trading strategy, you won't be surprised to see that a clear ascending scallop appears to be developing on the longer time frame. I was initially looking for this pullback to find support at former resistance, but it has possibly regained its support from 2018-20. Given the repeated validations on shorter time frames, I'm looking for a break out above the Sept high (114.778) in early 2023 - if not sooner.
Financial Wave. DXYDXY.
The dollar index fell to 104.60, we marked this level as important in our priority option. The fall on DXY has ended or is almost over, the rise towards 108-109.50 looks the most likely. A price drop below 104.60 could bring the Dollar index to 101.56, which is a critical point for an upside sc
What do you seeusing a pitchfork i can see DXY is trading in the lower boundaries and it has come on a discounted level USD sellers should watch out
