SAXO:XAUUSD With a strong dollar we could see this move this week in gold.
DXY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1:DXY is still holding bearish but we are approaching key resistance around 105.000 so we will be looking for reactions around this zone going into the week. Ideally we maintain the 4hour bearish trend and see a strong reversal from 105.000. Assume a bearish dollar...
✅DXY will go up now Because it broke out of the Falling narrowing wedge And the breakout is confirmed LONG🚀 ✅Like and subscribe to never miss a new idea!✅
We could see potential upward movement although sellers were stronger. We have formed fake-breakout on a 4h chart closing below the 4h timeframe and below 1d timeframe resistance. Meaning that shorting in current position wouldn't be a mistake. Waiting for a little pullback and continuation to the downside. My entry (when markets open) Entry: .66862 SL:...
Hello traders ,what do you think about EURUSD? This pair is approaching an important resistance area .We expect it to fall at least to the specified range with a little fluctuation in this area. After receiving the confirmation in the specified range, you can enter the sell position If this post was useful to you, do not forget to like and comment.❤️
DXY trying to break its major resistance by making Three White Soldiers and Bullish Engulfer. Full analysis can be seen in Chart on 1 Hour time frame. HAPPY TRADING FOLKS!
Self explanatory as all the analysis is on the chart. But market has grabbed liquidity by taking out 1810 highs and peaking at 1822. Since then Gold has crashed back down below 1778, taking out the last low and changing the market structure which now indicates a sell. Gold is currently sitting at a resistance zone , which I am looking to short from. However, it...
SP500 has finally broken down the head and shoulders pattern I discussed in the previous idea , and now it's facing some resistance from a trend line descending since last Aug. Here I see two scenarios: scenario-1: opening in a gap without under the trend line, but it has to face the demand zone @3771. Then it might shoot up to retest the neckline of the...
DXY is in 4H bearish trend. We expect that trend will stay until reach some turning point whitch didnť happen so far in my eyes. We expect continue structure from supply or liquidity grab.
Traders and investors, DXY (Dollar Index) is still bullish and may continue to rise up. In the coming days or weeks please pay close attention to the price action before making sort of decisions in the market. Irrespective of the asset class or the market that you are trading, make sure that you are watching dollar as it can change impact your trading plan. In...
The United States Dollar Index although recovered some of its losses, is still below the descending trend line. Even though the Dollar is trading below the 105.0 key level, price is still trading relatively close to the level. Upside potential is still possible if the Dollar managed to trade above the 105.00, invalidating the descending trend line and shifting...
Dxy broken out the downtrend line , and as per elliott wave theory it looks like we have completed the ending diagonal ! let's have a pump on it
The DXY needs to break up the 105.8 level, a previous resistance level, and break from a local trend line. As the price approaches 107.8, it may be a combination of 3 resistances, a descending trend line, a daily resistance, and the 100-day and 50-day moving averages. -------------------------------- Feel free to share your thoughts in the comments, and kindly...
Ascending Broadening Wedge Breakout Has Already Done Expecting Another Bulish Impulse
Possibly the Australian dollar against the American dollar has a fall because it has 4 confirmations: • Wyckoff Accumulation • Butterfly harmonic pattern • Rising wedge • Reaction of an Order Block in 4h The first three factors tend to reverse the trend or set the tone for a new trend, which in this case would be bearish apart from the fact that in elliot...
waiting for the dxy market to open... figured I should write some of this down I think DXY should drop back towards 103 before reaching again towards 106 \ 108. This heavily bearish narritive for risk assets is designed to keep markets from over-exuberance at this change of tide. I do think its possible to see more bullishness for dxy, in the short term... but...