👉🔍 We can observe that DXY has been in a bearish trend recently. However, it has experienced a significant move into a key support zone. In the video, we discuss market structure, price action, and the trend. I'm expecting to see a potential reaction and an opportunity to go long if the price action unfolds as described in the video. As always, this is for...
US Dollar Index (DXY) is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support. Pivot: 104.51 1st Support: 104.03 1st Resistance: 104.80 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
Love TVC:GOLD , stocks, real estate? Well I'm about to make your day. TVC:DXY is strolling into historic resistance at 115. On the WEEKLY timeframe, we have two conjoining forces: A major resistance from the '85 high of 160 (in yellow), and a triple top high of 118 during the early '00s(in yellow). We're also riding the bottom support of 104 in our current...
FX:GBPUSD is in a correction phase testing the liquidity area as well as a strong support level from D1. The correction is news related, but something happened over the weekend that could put selling pressure on the dollar. Technically GBPUSD is bullish, as evidenced by the update of the highs and the counter-trend correction to the liquidity area....
FX:USDCHF strengthened as the Swiss franc went into correction due to the actions of the central bank, which is trying to protect the currency from excessive strengthening. Technically, the dollar is in the phase of correction, which may stop in the near future and the index may go back to the strengthening phase, but against this background the Swiss franc...
By examining the gold chart on the 30-minute timeframe, we observe that after a CHOCH and a break in market structure (BMS) at the $2466 and $2462 levels, gold experienced a further decline, correcting down to $2451. Currently, the price is trading around $2465. Given the structure formed on the chart, we can anticipate another potential drop to $2451 as the first...
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line RSI - Divergence Break of Structure and Retracement Completed " 12345 " Impulsive Waves Resistance Level
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line RSI - Divergence Break of Structure and Retracement Completed " 12345 " Impulsive Waves Resistance Level
The XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel 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 2465, positioned close to the breakout level. This...
22nd July DXY: If price breaks below 104.20, could retest 104 round number support. (possible formation of inverted head and shoulder) NZDUSD: Sell 0.5975 SL 20 TP 45 AUDUSD: Buy 0.6685 SL 20 TP 45 USDJPY: Sell 156.60 SL 40 TP 90 GBPUSD: Buy 1.2965 SL 25 TP 75 EURUSD: Sell 1.0870 SL 20 TP 60 USDCHF: Buy 0.8925 SL 25 TP 85 USDCAD: Sell 1.3765 SL 25 TP...
Technical Outlook: In remaining month`s US Dollar Technical Forecast we mentioned that DXY was, “buying and selling into confluent guide this week on the 52-week transferring average / 38.2% retracement of the December rally at 103.96-104.26 – searching out a response / feasible rate inflection right here over the following few days.” The index grew to become...
| FOR MORE INFO READ THE SIGNATURE SPACE AT THE BOTTOM | Good morning Traders. I kindly ask you to leave a like on this post and follow my profile to support my free dissemination. It costs you very little but makes a huge difference for me. | DXY AND TRUMP? | Could another Republican show us a bearish dollar again? From the chart, we can see that Democrats...
DXY: The USD index in today's session has reacted to a decrease and correction right after the information last weekend. Showing a bearish outlook in the context of Biden's withdrawal from the white house. The scenario in today's trading session is that DXY is expected to continue to weaken. Ace, please consider selling with USD US President Joe Biden introduced...
Complex is an understatement for USDCAD. As you can see from the chart, we have been meticulous in our analysis. To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag. We are currently in subwave 2 and looking for a massive move down to complete the overall WXY...
I Think everything is clear but I don't know why anyone don't speak about that !
Dollar Index is trading in a bearish trend on a daily. After the market set a new lower low lower close earlier this week, it started a correctional movement. Ahead, I see a solid resistance cluster. Probabilities will be high that the price will drop from the underlined area at least to 103.75 level. ❤️Please, support my work with like, thank you!❤️
Hey Traders, In today's session, we're eyeing a potential selling opportunity in the DXY around the 104.600 zone. Currently, DXY is in a downtrend and is undergoing a correction phase, approaching the key support and resistance area at 104.600. From a fundamental perspective, the downtrend in inflation and easing economic conditions in the US suggest that a rate...