Hello Birdies, We just clone the bars from point A to point B and after plotting it above the resistance line we found that DXY will try to tap both the imbalances which will get it as high as 133. Seems unrealistic but this is what we are seeing on chart. So far DXY has broken both the strong resistance we can expect some more upside from it. Thanks to @Tolberti
British Pound/U.S.Dollar was able to make a double top pattern on the resistance zone. Also, the British Pound/U.S.Dollar broke the important uptrend line. I expect British Pound/U.S.Dollar will go down to PRZ(Price Reversal Zone). 🔅British Pound/U.S.Dollar ( GBPUSD ) Timeframe 30min⏰. Do not forget to put Stop loss for your positions (For every position you...
DXY is heading towards 104.23 Level. It will again resume its uptrend towards 116 mark, from where it will hit a monthly supply and expect a fall. Long from 104 levels.
S&P (in this chart ES futures) divided by EURUSD (in this chart Euro futures): The whole of 2022 could be Wyckoff distribution, now entering Phase C, the shortest phase. To confirm the pattern and continuation to phase D, look for: Fed hike less aggressively in 2023 ECB hike more aggressively in 2023 A move up in EUR (a move down in DXY) A move down in...
A Bullish DXY and Bearish SPX may cause the next leg down for BTC.
There's quite some bearish momentum on DXY and although FOMC issued hawkish statements to try and jawbone the dollar into strengthening it's most likely that the USD will continue bearish though not in the long term. Price action in my perspective agrees with a bearish dollar
As you can see, price is in a deep discount, so we search for a good long position. Price had a bullish reaction to daily supply zone, we should wait and see if price go up from here or more downward move for collecting the liquidity under 0.915. I am bull in this chart and as always we should study price in a lower time frame for finding a good buy...
US Dollar index still didn't retest the HTF breakout and still in the descending wedge range... As long as we stay in this range, there will be no major movements in the market... Scalp trades only, untill it breaks... #forex #CFD #Crypto
According to my previous analysis, the Rising Wedge pattern has broken down and issued a definite sell signal. A big fall is coming. So every rise is a selling opportunity. The upcoming targets are 1767, 1745, 1728
The Australian Dollar/New Zealand Dollar is running near the support zone and lower line of the main ascending channel. Also, it seems the Australian Dollar/New Zealand Dollar completed the 5 impulsive waves. I expect the Australian Dollar/New Zealand Dollar will grow up at least to the upper line of descending channel. 🔅Australian Dollar/New Zealand Dollar (...
The Swiss Franc/New Zealand Dollar completed the fifth wave after it managed to break the downtrend line and form a double-bottom pattern. I expect the Swiss Franc/New Zealand Dollar will go up at least to resistance lines in the next days. 🔅Swiss Franc/New Zealand Dollar Analyze ( CHFNZD ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For...
Hello,Friends! Indecision in the market is changing Towards a well defined bearish sentiment And the price action on the lower timeframes Is clearly supporting this narratve Therefore, I think it is a goodidea to go short! Like and subscribe and comment my ideas if you enjoy them!
Observations show that the Rising Wedge pattern has been formed with a strong negative divergence on the resistance of 1820 to 1825 , which can cause a sharp price drop. Also, the price has reached the end of the 5 ascending wave. Also, a Falling Wedge pattern has been formed in the dollar index , which can cause a sharp growth of the dollar index ...
Fed will rise interest rate tomorrow on FOMC meeting USD as Base can buy and USD as quotes can sell
Hi everyone ! I see that Dollar needs to go for a deeper correction or a total reverse fore more upside. Based on that every buy is worth of taking because there is a nice potential to be made. Thank you for your support
1. DXY For DXY market,area F is the core of the current market. Although the hawkish style of yesterday's speech was obvious, it did not have a decisive impact on the market trend, and the price rebound was still at a low level. If the price rebound cannot return to the F area, the trend prediction of A cannot be established, and the market is still the trend B...
Introduction : - As you know, the $DXY is the index representing the strength of the dollar against a lot of other currencies. - Often used as a representation of capital flows, from RISK ON to RISK OFF, and vice versa. - With the economic conjectures of the moment, the rise in rates, it is normal to see the DXY grow. On the other hand, it has been retracing...
Could be making a megaphone for santas rally. Would need to break the median $21ish area to continue down and fill the gap. It made a lower price from the area it broke out of the recent down trend. Breaking $21 would be confirmation of a Re-test of the down trend line. If the median holds i would suspect VIX to continue upwards and make a higher high taking the...