J-DXY
GBPUSD, H1 | Bearish reversal off key resistancePrice is testing a major overlap resistance and at the same time, seeing a bearish descending resistance line continue to weigh down on prices.
A reversal from here could see prices drop all the way to the 1.2606 level - but take note that there's a risk level at 1.2659 which acts as our intermediate support.
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DXY, H4 | Bearish breakout?We're looking at DXY today and we can see that price is forming a sort of elliott wave structure - with wave 4 potentially recently finishing.
A break of 12856 which is a major overlap support could trigger the bearish acceleration down towards the 12801 level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
DXY, H4 | Reversal off pullback resistanceWe're seeing price approach a major resistance level at 12858 which is an overlap resistance + 23.6% Fibonacci retracement and a 38.2% Fibonacci retracement. It'a also nice to see a descending resistance line and a bearish ichimoku cloud contribute to the bearish momentum of the setup.
A reversal from here could see prices drop towards the 12804 level.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM EU LTD (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com): **
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
FXCM Markets LLC (www.fxcm.com):
Losses can exceed deposits.
A Great Insight On The Week Ahead, Touching On Mindset Wisely This is the first published video of the account
I start with DXY and approach overall direction from a 12 month perspective
I then go lower to a monthly timeframe and work my way down to the daily to get not only a longer timeframe view, but also a shorter one to then take advantage of this data and look at XAUUSD to then gauge a direction to execute in
There are some mindset and tips floating through the recording so do take some notes on the points I raised and don't be afraid to get in contact for a conversation !
Market Update - BTC, ETH, SPX, NQ, DXYThe SEC targeting Binance is a major blow to the biggest crypto exchange.
BTC lost more significant levels than ETH which managed to bullishly hold structure.
Both the NQ and SPX are significantly up with the beginning of some failing structure
however a bit early to confirm.
The DXY had a breakdown last week which bullishly back tested its yearly open
However it is distributing quite heavily on the daily time frame.
The higher timeframe BTC cycle is still playing out, if 2020/2021 was the bull market, 2022 was the bear market, then 2023 is clearly the transition period going into the next halvening.
Generally the Crypto markets held much better than expected and given the gravity
of the SEC filings against Binance, either way our recommendation is to be cautious with
holding capital on any exchanges. Remember - "Not your keys, not your Crypto"
USD buyers ready to test resistance again?Today's focus: USD Index
Pattern – Continuation
Possible targets – 105.60
Support – 103.40
Resistance – 104.20
Today’s update is on the USD index. Do we have a new uptrend? For us, we want to see resistance beaten. If we can see a break, this could set up a new move to 105.60 and a break of that level take price out of its consolidation range and gets an uptrend going. For now, we have a short-term up trend, but buyers have more work to do to confirm it overall.
If we see a new retracement, we want to see support hold. A move back to 102.70 is a worry if you’re on the short-term bull side. With momentum back in the buyer’s court, will we see a break of resistance?
Thanks for stopping by. Good trading, and have a great day.
DXY, The Wifey: Our 10-minute (up)DateI took DXY out on a date to see how she was doing because lately she's been too hype and hasn't let up — well actually that's all she's been doing is going up. smh
I just want her to relax, calm down (literally), and let me do the going up (in my bank account). LOLOLOLOLOL
✨ DXY Curve Analysis (3W) ✨RESISTANCE @ 116.82
— a break above this level would indicate an uptrend
SUPPORT RANGE 101.635 to 105.005
— now that Price Action (3W) has opened/closed below this range I'm anticipating a continuation of the downtrend
SUPPORT @ 90.80
— if Price opens/closes below 89.66, it should continue the downtrend; however, it's highly unlikely to break below.
DXY Abyss: GOLD & BTC Shines 💰Hi Traders, Investors and Speculators of Charts📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year 🏫
Today's analysis is a little more economic-financial, and we dive into three main assets - Gold, BTC and DXY (money). Remember that being "in DXY" simply means that you are saving in dollars in the bank as opposed to investing in the markets. Recently some concerns have raised across the world causing investor panic because we're seeing 2008 vibes. Some similarities between the 2008-2009 financial crisis and the present situation:
Economic Uncertainty : The 2008-2009 crisis was characterized by the collapse of major financial institutions, high levels of unemployment, and a sharp decline in economic activity. Similarly, the ongoing COVID-19 pandemic has caused economic disruptions, job losses, and uncertainty about the recovery. We're also seeing many banks calling out to the government for help as some have already closed down.
Central Bank Actions: In response to the financial crisis of 2008, central banks implemented unprecedented monetary stimulus measures, including lowering interest rates and implementing quantitative easing programs. Similarly, in recent times, central banks around the world have taken similar measures to support economies affected by the pandemic. These actions have the potential to impact the value of fiat currencies and drive investors towards alternative assets like gold. Furthermore, inflation is rising across the world and the DXY continuously loses more value as inflation increases.
Flight to Safety: During times of economic uncertainty, investors often seek safe-haven assets to protect their wealth. Gold has historically been considered a reliable store of value during financial crises. In both the 2008-2009 crisis and the current situation, the demand for gold as a safe haven increased, leading to upward pressure on its price. Since Bitcoin has a positive Correlation Coefficient with gold, we can expect the price of BTC to rise along with gold.
Inflationary Concerns: The massive injection of liquidity into the financial system by central banks during the 2008-2009 crisis raised fears of future inflation. Similarly, the significant fiscal stimulus measures implemented in response to the pandemic have raised concerns about inflationary pressures. These concerns can drive investors to seek inflation hedges like gold and lately, cryptocurrencies such as BTCUSDT.
Incase you missed it : more on BRICS and the dollar potentially being replaced by a new reserve currency:
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