Dollar Index – DXY has turned bearish after the corrective rally stopped at 105.70-106, an important resistance area at the end of June. Since then, the price even accelerated lower through summer so it appears that a bearish impulse is in play, but with recent touch of a new swing low, DXY is possibly in fifth wave, so be aware of some support in weeks ahead. But...
I told you all yesterday evening we're waiting on 3 moves according to my EW strategy which is Wave III, IV & V. Our Wave III is in full effect & pushing up in huge profits! Let me know if you're currently holding buy's from my 4H analysis.
20th September DXY: Currently at 100.60 consolidating , should trade lower, to 100.20 and could test 100 round number level. NZDUSD: Buy 0.6260 SL 20 TP 70 AUDUSD: Buy 0.6840 SL 20 TP 50 GBPUSD: Buy 1.3320 SL 25 TP 115 EURUSD: Sell 1.1190 SL 20 TP 40 USDJPY: Sell 143.30 SL 40 TP 100 USDCHF: Sell 0.8430 SL 20 TP 40 USDCAD: Sell 1.3585 SL 25 TP 50 Gold:...
The U.S. Dollar index (DXY) following the Fed's -0.50% Rate Cut, hit on Wednesday its 1W MA200 (orange trend-line) for the first time in 8 months (since the week of January 10 2024). This is obviously the strongest Support on a long-term basis and technically should attract the first wave of buying pressure. However, the multi-year pattern, being a Channel Up,...
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 upside. So we are locally bullish biased and the target for the long trade is 100.890 Wish you good luck in trading to you all!
👀 👉 The USDJPY pair recently broke structure bullish, as seen on the 4H timeframe. In this video, we closely examine the DXY, JXY, and USDJPY, discussing the trend, market structure, and price action. We also explore a potential trade setup. **Disclaimer:** Forex trading involves significant risk, and market conditions can change quickly. The information provided...
In this scenario, a bearish DXY aligns with a bullish outlook for Bitcoin and the broader crypto market, which has historically shown an inverse correlation. Let's break down the analysis based on this perspective: 1. Bearish DXY Outlook Support Breakdown Risk: The DXY is currently sitting at the strong support zone between 100-102 (blue area). However, if the...
The U.S. Dollar Index is on strong bearish levels on the 1D technical outlook (RSI = 36.538, MACD = -0.480, ADX = 39.006) as it is extending the Channel Down with a rejection today exactly on its top. The very same Channel Down was seen last October-December (2023) and declined by -6.25% before recovering. The buy signal was a DB (double bottom) on the 1D...
The fact the Federal Reserve & U.S. government cut interest rates by 50BPS, more then they were expected to, goes to show that interest rates have done MORE DAMAGE then they were suppose to, to the economy. Now the Federal Reserve cutting interest rates by 50BPS, is them trying to put on a show to the public & saying “look we know the damage has been done by us,...
US30 is up another 1% in profit since our update yesterday. Market is extremely bullish, but it is also very close to our final target of $43,050😍 If the weekly candle closes with a huge wick or shows any sign of bearish sentiment, I will look to close out my entire position & call it a wrap with our US30 investment! This has been a beautiful trade this past...
hello dear trader dxy after fund rate engulfed privious low after than retest flag limit area and collect liQidity ... after collect some voloume , i think dxy ready for below the 100 .... good luck
The 4HR FOMC candle highlighted in red is the candle I am targeting. I am looking for the high to get taken out, due to the liquidity sitting above it. Wave IV completed, now waiting for Wave V towards $2,620 - $2,640. Looking for 3 Sub-Waves in Wave V.
In todays session we are monitoring EURGBP for a buy trade, entry at 0.84142 and targets above 0.84540 and stops below 0.84000. Use proper risk management and cheers to you all.
19th September DXY: Currently at 100.60, could bounce to retest bearish trendline. If 100.60 broken, could test 100 round number. NZDUSD: Could trade higher, look for reaction at 0.63 resistance, Buy 0.6255 SL 20 TP 40 AUDUSD: Buy 0.6780 SL 30 TP 70 GBPUSD: Sell 1.3250 SL 30 TP 90 (BoE Rates Decision pending) EURUSD: Sell 1.1130 SL 25 TP 50 USDJPY: Sell 142...
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 100.474 Wish you good luck in trading to you all!
Bonjour My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist DXY "DOLLAR INDEX" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at...
If the S&P500 gets rejected at this level, it has the power to be an iconic selloff. Now before we get to “bear’d up ” understand the SPX is still holding above the key short term daily moving averages and holding higher lows. The long term trend is still up. Now to go back to being bearish. This FOMC interest cut was a big 0.50 BP which is not what most were...
According to the weekly chart of the dollar index and since tomorrow and next week we have important data such as unemployment claims, and also these data will probably strengthen the strength of the dollar, it is expected that the dollar index will rise to the middle of the trading range in the first step. .