Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 101.725 Wish you good luck in trading to you all!
3rd September DXY: Still in consolidation. Watch the resistance at 102 round number. Looking for downside, needs to break 101.50 (23.6%), could trade down to 101.15 NZDUSD: Sell 0.6205 SL 20 TP 60 AUDUSD: Retracing, could retest 0.68 resistance level GBPUSD: Buy 1.3170 SL 40 TP 90 EURUSD: Look for reaction at 1.10 round number support level USDJPY: Sell...
The US Dollar Index (DXY) is showing renewed strength, climbing above the 101.70 mark after a relatively flat Monday. This move extends the momentum from last week, where the DXY gained over 1%. As the market braces for key labor data later this week, all eyes are on the August jobs report, set to be released on Friday. This report is expected to reveal a solid...
gold Looks Extremely Bearish Here Formed Rising Wedge Got Rejected From Upper Trendline Resistance Expecting Test Of Rising Wedge Lower Trendline 2455-2460$ Support Area And If Rising Wedge Broken Then Expecting Move Towards 2300$ In Coming Days
After forming a double top above the 106 level, with the second top occurring at the beginning of July, the DXY (US Dollar Index) began to decline. After breaking the 104 neckline of this pattern, the index tumbled to the key support level at 100.50, which coincides with the price level from the start of the year. As expected, the price started to recover, and...
It’s been some time since we last looked at the Thomson Reuters CRB Index, a key indicator for tracking commodity performance and gauging inflation. With inflation softening recently, it’s not surprising that the CRB Index is also reversing. The chart shows a three-wave rally from the 2023 lows, which suggests a corrective movement in an ABC formation, as...
The XAU/USD pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 2497, positioned close to the breakout...
4H Corrective approach towards entry zone. -68 Fibonacci completion aligning with entry zone . = Sell limit. Bearish Fake Out flag also there as extra evidence. 0.5% risk. Aiming to take full profit at Daily TP.
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1060, positioned close to the breakout...
The US July PCE was in line with market consensus. Headline PCE prices rose 0.2% from a month ago and 2.5% from a year ago, which aligns with market expectations. Core PCE, the Fed's price benchmark, rose only 0.16%, slower than the previous month's 0.18%. This is the lowest level this year and has catalyzed the market sentiment of the Fed’s rate cut. It is...
US Dollar Index (DXY) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 101.53 1st Support: 101.16 1st Resistance: 102.144 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can...
Analysis for the month of September we hope the dxy reaches level 103 to 104 in GBPUSD and EURUSD we bring a bearish trend
hello dear traders this price acton for dollar curency index .... this is my personal opinion.... fundamental reason: While British fund manager abdrn predicts that the U.S. economy will see a soft landing, there is still the risk of a prolonged slowdown in 2025, said Kenneth Akintewe, the company’s head of Asian Sovereign Debt. Is the economy already weaker than...
Welcome! I am expecting dollar index to get rejected for monthly order block where i can see a 4H FVG just inside the Monthly OB. Let’s see how it reacts on the marked areas. Cheers
Hello this is my forcast on DXY. i see the Dollar taking Previous Year Low . elections coming up trade safe feel free to share with me your opinions.
In todays session we are monitoring GBPAUD for sells. Our first entry is at 1.94866 current price, our targets are 1.93525 and stops above 1.95372. Use proper risk management.
Pair : DXY Index Description : Completed " 1234 " Impulsive Waves CHoCH Bearish Channel as an Corrective Pattern in Short Time Frame Fibonacci Level - 50.00% Impulse Correction
Hello my wonderful community ! it’s been a while I posted. I really appreciate you guys for reviewing my charts Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here. The colors for each line/zone Monthly - Yellow Weekly - Orange Daily - Green 4H - Red 1H - Purple My Monthly...