Dxyshort
DXYIs DXY exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at daily time frame resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 105.20.
What you guys think of it ?
GBP/USD Short term LONGThe DXY has been on a tear, as we had predicted, for the past couple of months.
It has now reached a major resistance zone and could cool off for a little while.
It is showing a bearish edge and a perfect short opportunity with an inverse cup and handle as shown below:
In turn this gives us the chance to long a more volatile asset such as the GBP/USD. Because this trade goes against the current trend, the position is relatively small
🚨DXY Index is Ready to Fall🚨(1-hour)🏃♂️The DXY Index is moving in a 🔴Heavy Resistance Zone🔴.
🌊According to the theory of Elliott waves , the DXY index is near the end of five impulsive waves .
🔔I expect wave 5 to end near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and start to fall.
DXY Index Analyze ( DXYUSD ), 1-hour time frame ⏰.
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DXY 4hrs AnalysisDXY is back ay the resistance (Supply zone) which has held severally in the past and it has formed double top. There are two possible thing that could probably happen this week. It's either the price continue to drop or the price would reverse and break the resistance and
What's your thought on this?
NZDUSD SWING SIGNAL LONGHello trader friends
New Zealand dollar to US currency pair
Considering the breaking of the dollar index, we can think about long transactions
Due to the inclusion of the pivot in the 4-hour period, there is a possibility of a phase change from bearish to bullish in this currency pair.
Therefore, according to the appropriate risk and reward, we can enter into long positions
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