Formed Rising Wedge In H4 Timeframe Incase Of Breakout Expecting 400 + Pips Bearish Move
The SPX and DXY both seem to be hunting the stops at the high/low of last week and the week before. The targets for all 4 assets would appear to be at the opposite end of the weekly ranges if we can reverse here.
The US Dollar Index on the monthly chart has been inside one giant Channel Down. The 3M RSI hit the 70.00 overbought level and as it did in 2001and 2015, the price reacted immediately with a sell-off. The rejection should aim first for the bottom of the inner Channel Up, the pattern that took the price from the lows of the giant Channel Down in 2008 to the highs...
Hello 🐋 Based on the chart, the price is close to the support area and channel support ✔️ if the price doesn't break the support zone to the downside, we can see more gain, at least close to upper resistance 💣🚀 otherwise, we can see more correction ❌🧨
Hi, I've entered the GBP/USD pair on the 4H timeframe. Reason- GBP/USD has now broke the 1.22 resistance and has tested this as support. The DXY has closed under the daily 200ma, while this pair is being held up by the 200ma on the daily. Although entered the the 4H timeframe...a valid set up has occurred on 4H,8H & 1D. Good luck if you join
Still Seeing a Higher timeframe bearishness on DXY on the daily i am aiming an internal range premium array which mean buy till we get to the premium arrays
Here is my idea on DXY. If this happens, US30, NQ100 will go down. Trade at your own risk.
remember the analysis i made yesterday on selling from 1799 down to 1785 limit, now it's touch down below to make a retest at 1782 limit or above so let's open a buy trade now......
Yesterday we saw a test of 1,0545 and a rise to 1,0595. A drop followed and low closing of the daily candle. This gives a chance of trend reversal on H1. We’ll get confirmation on a break of 1,0427. Before that we may see another upward move towards 1,0550 and upon pullback there will be the first sell opportunities. Sell trades look better on AUDUSD after correction.
The Graph presents DXY/GOLD = Inverse price of gold. Given Fibonacci levels have acted as great resistance/support lines, therefore might predict the next bull-run for gold. DXY/Gold is retesting its 2.414 Fibonacci resistance to break down; which is a bullish signal for gold. Fundamentally (refer to main graph) - Gold is a great inflation hedge - Currently...
TVC:DXY I think the dollar will definitely rise, the question is where will another strong push come from? I hope it gets down to 104,400. Would be a nice head and shoulders and on the fib 78%. There is definitely some volume in this area.But for tomorrow I don't see so much bullish momentum.
During the DXY run-up this past year, I noticed repeated ascending scallop patterns that were continually validated by breakouts. These were often on the 5 to 15 min timeframe, but If you look at the ascent even on the hourly chart, you'll notice the pattern reveals itself repeatedly. If you're a believer in using fractals in your trading strategy, you won't be...
We also had this DXY bullish setup which is playing out well
Asia found some form yesterday with further reopening measures announced and the H-Share cash index closing +5.3% - USDCNH traded aggressively down to 6.9300, and for the most part found buyers hard to come by but the reversal higher from the start of US cash trade has been impressive. A rush to broadly de-risk portfolios has hit the tape hard, with S&P500 futures...
DXY is still in a daily downtrend =) Let's wait for the fib 61.8 retracement and maybe a downtrend channel touch and short it :) Great risk reward !
DXY. The dollar index fell to 104.60, we marked this level as important in our priority option. The fall on DXY has ended or is almost over, the rise towards 108-109.50 looks the most likely. A price drop below 104.60 could bring the Dollar index to 101.56, which is a critical point for an upside sc
The DXY has been on a rip in 2022 with the US Dollar rising significantly against major currencies. This channel has been pretty consistent and the latest price point is at the peak of it. A strong DXY tends to correlate with weak stocks and risk on assets. Vice versa, a correction here would provide some relief for the markets and currency pairs such as the EUR...