DXY is on steroids 😂🤦♂️Dxy is moving in an uptrend channel for more than eight months so based on this channel I guess he will stop at 111.60 then it will start to fall to price level 108 then we can see if it's going to continue in this uptrend channel or will it fall.💵💰
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Dxyshort
DXY (USD INDEX) MONTHLY SHORTI think we have finished ABC correction and are now in the last part of the X wave.
after this X wave, I predict that the USD index will fall to the areas shown.
furthermore, we are in the upper area of channel down.
Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X wave have made a resistance area shown in red!
conclusion:
I believe USD have very bad days in front of its currency and we may hear bad news about the united states in the months coming.
wish the best for all people of the world.
God bless us
DXY create bearish Harmonic pattern. So, Short sell, long buy
In this situation DXY chart Bearish Harmonic pattern .
So, market need to seems SELL correction at 109.327 or 108.500 support
level. Then Market fully BUY to 109.900 ; 110.240 & 110.500 resistance level.
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DXY bearish scenario Weekly timeframeHey there,
Please first of all note that this analyse is my personal opinion and please do not open any position on that.
Specifically we can see a Strong bearish divergence on Weekly timeframe on #dxy chart. Also we can find out that there is a possibility for XABCD pattern too.
Watch for next moves on next weeks.
Have a great weekend.
DXY monthly forecast ahead of NFP At August’s close, the USD can be said to have performed exceedingly well against its trading partners. The DXY climbed 3.2% over the month. Now it heads into a very important Non Farm Payrolls result, and investors will be looking for clues as to the USD’s next move.
The Non Farm Payroll data for August is released on September 2, 2022, and is perhaps more eagerly anticipated than normal. The reasons for this are detailed in Monday's market review Pound and gold head lower before NFP data.
The worst performing USD pair over the past month has been the Pakistani rupee (USD/PKR), which fell by more than 8.0%. But this movement against the USD was far from the norm.
The movements of other currencies include:
GBP/USD, fell by 5.2%
NZD/USD, fell by 2.9%
EUR/USD, fell by 2.1%
AUD/USD, fell by 1.9%
USD/INR, rose by 1.4%
USD/RUB, rose by 1.7%
USD/CAD, rose by 2.1%
USD/CHF, rose by 2.5%
USD/JPY, rose by 5.3%
We can look at the DXY chart on the monthly timeframe to try to ascertain whether the USD can sustain this upside momentum.
Thus far, technical analysis is maybe suggesting that the US dollar still has plenty of space to move toward the upside.
The monthly candle’s 107.500 resistance area, which is now broken, opens traders to scope out higher levels of resistance including 110.00 and 116.500. The former of which the Dollar index is currently butting up against.
Further afield, traders may want to keep the 2-decade high of 120.000 in the back of their mind. Such a lofty prediction is seemingly backed-up by an upcoming US Federal Reserve interest rate decision.
On the other hand, traders should be wary as well. The price could also create a monthly pullback as the Williams %R indicator is currently planted in the extreme upper range above 20%, which indicates that the price might be in overbought territory.
Dollar complete W pattern ready to SELLDollar index ready to short from 109.4 to 106.4.
Technically, Dollar create strong bearish divergence in weekly time frame.
Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price.
DISCLAIMER
Remember, there is no place for luck in trading - only strategy!
This analysis can change at anytime without any update and it is only for the purpose of assisting traders to make independent investments decisions. We are the only one person who is responsible for our physical, mental health, relationships, success, and money in our lives. So taking a trading or investment risk on the markets based on this idea. You deserve the profit and you are responsible for your potential loss. Any opinions, news, research, analyses, prices, or other information discussed in this idea.
Here i anticipated by price action, please do not consider investment advice, Because i'm not your official financial advisor. The author of this analysis does not accept liability for any loss or damage.
DXY has is preparing to take off!!DXY has opened with a big gap in the monthly perspective. With the long-term bullish market structure, DXY is preparing to continue its uptrend. It is a high probability that DXY will test the support of this structure and will bounce off to the upside.
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DXY - DOLLAR Next Move 30 - AugustDXY - Dollar Technical Analysis Chart Update
Time Frame - H4
In Long Time Frame #LTF we have Double Bottom and its Rejecting from the Second Top
We have Strong Selling Divergence in Daily Time Frame
In Short Time Frame #STF its following BULLISH CHANNEL if it breaks the Lower Trend Line and #LTL and retest then its confirm Sell
Current Level ( Daily Resistance Level ) is a strong level we need to wait for rejection or Breakout
EURUSD WILL FALL ... It has BegunNarrative goes like this:
We'll call this one #MarketMechanics
The plot is very deceiving from the start of the week but not really because I wrote the scripts to this one:)
Knowing the real bias is DOWN today we began this trading week going in the right direction. But to give the traders a little plot twist all of a sudden we go LONG at the bottom of our MZ.
Suddenly all of the Short retail traders began to watch their house money dissipate until it was no more. This was just to trick them out of their fortune.
The Long retail traders were in a state of joy because they started picking out Lambos and mansions as they saw their accounts go UP!. This was just the fake out. What they didn't know price was simply hunting the shorts Stop Losses above the MZ. After the Shorts were completely Liquidated the plot thickens: Now all of the Long Retail traders that did not pull their profits will soon begin to watch their lambos and Mansions disappear because price is now liquidating the longs and headed directly for their Stop Losses below MZ Structure and putting the Original Long play back in effect and the Shorts will Win the Day and eventuually long term the week.
How's that for a Monday Narrative?:)
As always never over leverage. This will keep you in the narrative until its completed the scene. Even if you have to adjsut the script a little to fit the narrative.
Trust the set up. Because every set up needs time to manifest.
Have Fun watching your accounts compound like a a OAK TREE.
#SniperGang
EVERYBODy EAT$