EURUSD BACK ON THE RISE 1.0000?The EUR has seemed to fail at making another Lower Low after pushing down hard off of a Daily Supply zone, also the EUR has been having good momentum and bullish pressure from the lower TF H4 Counter zone which seems to reverse price if it holds. The DXY is now looking bearish with the H4 50Ma now above the price it leads me to believe the dollar is losing its momentum and in turn, will make EURUSD rise.
Entry Criteria/Confluences
1. D failed at making Lower Low off of strong bearish Supply momentum
2. Price has broken the H4 structure to the Upside twice now
(1st time was the zone it respected, highlighted blue)
(2nd time just happened with ALOT of momentum and the entry is at retest)
3. DXY is falling and turning bearish
4. Entry is right at Psych Mid Level 0.97500 (SL 50 pips)( TP 250 pips)
Trade Management
1. At 0.99000 I will move SL to BE and take 50% of profits, hopefully, the price can fly up to 1.20000 for 450 pips
2. If my limit hits to protect my psych I will reassure myself of all my confluences and be ready to let the trade play out.
3. I will set the Scale in positions only at H4 BOS/POI for the highest probability
Dxyshort!!!!!!!!!!!!!
DXYGood day everyone! Don't forget to put your thumbs up and write your comment if you like the idea
Today, in addition to technical analysis of the dollar index, I would like to consider the situation with global liquidity (that is, the need for this DXY).
In order not to be distracted later, let's immediately see what is happening in our technical system. Here, the main magnet still remains in the red zone at the 117.5-118.2.
It is very difficult to calculate what structure the price will go there, but it is highly undesirable to break through the yellow trend exponent for growth.
The first bearish zone is 105.5 - 106.2.
Now let's talk about current liquidity.
1) As Bank of America reported in August, more than 15,000 US companies posted losses, the highest since the 2008 crisis.
That is, in the cycle of liquidity compression (shrinking the balance sheet and increasing the cost of money due to an increase in the interest rate), there is not enough cash, while at the same time selling off assets means fixing losses, which can negatively affect the balance sheets of financial companies and their creditors. The first of the big ones to experience this problem was Credit Suisse.
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
Dollar Index Waite To Contamination.......
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DXY- Lower high in place. Reversal could followA few days ago I've pointed out the 113 zone as a strong resistance and potential point of reversal for DXY.
The market's reaction after CPI data yesterday could offer exactly this: a confirmation for reversal.
Although on data release DXY has spiked above this important level, a very strong reversal followed, leaving a long-tailed candle on our chart, and, now, there is a high probability of a lower high in place.
With this in mind, we can search for buying opportunities for EurUsd, GbpUsd, AudUsd, and NzdUsd.
DXY first important support is under 110
dxy is not done!!!theres equal highs here so i beleive we see a test to that orderblock which is right by a key pivot level dxy still has a bit more upside when it gets to that level ill see what it does but if bears come in we could finally see dxy make a nice move down but until then its not done yet !!!!
DXY aka USdollar aka dollar indextheres liquidity on both sides equal highs and lows price been here before and failed to break the low creating that equal low so i believe it will sweep orders up top before fully heading down unless it breaks those lows soon and it will keep pushing down
look at previous equal highs and lows and see how it swept out liquidity b4 the actual moves
DXY - Feds Gone Louco ModeFeds keep printing MOARE of that junk currency we call USD, Los Saudis ain't playing ball no more, they are refusing orders from the yankees if they ever announce a switch to another currency let's say like hmmmmm ze Chinese yuan? or Bitcoin? Then that will be the day the yankee dollar will be going Kansas Bye Bye!
DXY seems to be setting up for a monthly bearish divergence, u know wut happens next right? right?
- Monthly MACD (Bullish)
- Monthly Pekipek's Divergence BETA (Bullish)
- Monthly RSI (Bullish)
- Monthly Stochastic RSI (Bullish)
- Monthly Cipher (Bearish)
- Monthly OBV (OBV gone AWOL)
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DXY USD dollar going down to 110.05 or 108.30USD ELLIOTT WAVE FORECAST... : This X wave (yellow) had reached the golden fib and the intermediate C (pink) reached the 123%.. only one more possible target at 113.57. If the $ is reversing here, we most expect a retracement at least around 110.045, but 108.29, 107.25 and 105.51 are also possible. Other possible targets are 107.25 and 105.51.
DXY Analysis and Trade Idea for 10-10-2022DXY is in between trend lines and will make AB=CD till this week. Only the lower trend line can break the scenario. DXY might be bearish today As USA and Canadian banks will be closed today so overall it will push DXY bearish or vary slow momentum for today.
dxy where is the dollar going!so lets talk about dxy here
number 1 dxy is a a trendline also bearish order block also last time equal highs was made and this area has perviously been mitigated so i expect a bulish push here to my next oderblock aka liquidation b4 dxy tries to make any movedown so im looking for dxy to head to areound 112-113 area