DXY chart analysis | 3 december 2022 as per my analysis dxy looking bearish and two most important zone where dxy bounce back 1. 104 2.101.5 MAYBE SECOND TARGET WILL HIT JAN 2024 SO DO NOT SELL IN GBPUSD EURUSD XAUUSD
DXY might pump next week Monday, since it's already hit 104 and dipping on 103 area. Also Fed just came out to say they will take hawkish approach, so it will result in dxy up. GUPUSD/EURUSD (down). Target 106-107 Source: Reuters Dollar jumps as wage growth spurs hawkish Fed bets
💵DXY Declines Before Increases 💵Looking at how the dollar has behaved in recent days, it is not difficult to get the impression that we have not exhausted the full downside potential. 💵We have stopped at the first support zone. 💵I think we can stay between the nearest supports for a while. 💵Everything currently points to a continuation of the declines. 💵But...
us dollar index was consolidating in ascending broadening wedge in daily tf few dasys ago we predicted breakout to the downside dxy following as we predicted yerterday dxy breaks wedge to the downside as expected now expecting strong moves to the downside in coming days good for euro gbp aud nzd
In daily time, we have observed negative divergence. Also, a Double top has been formed in RSI. The resistance of 1800 is a very strong range that will prevent further growth. It can be said that big banks have entered sales transactions again.
The S&P500 appears to be forming a Rising Wedge and the DXY appeared to have retested this Falling Wedge. This means I'm still overall Bearish on Bitcoin.
Day Outlook: - Elliott Waves - Upward trend reversal - Stron 61.8 Fibonacci Structure
there are two support areas very close to each other on the daily DXY chart, 103.351 and 102.353. If the market moves significantly lower, it may give you a very short chance if it starts to retest these two supports, even more so if data from the US economy remains bad, which is not impossible considering the economy is slowing down.
moved as we predicted descending channel breakout already done double bottom breakout and alnd retest has already done expecting massive bulish moves in coming days
giving Bearish Evidances According Price Action Over All Moving In Ascending Broadening Wedge In Daily Tf Recently Brokes Ascending Channel Too Now Forming Symatricsal Triangle + Printed Massive Bearish Divergence Too Lets Summyrize thses Evidances chfjpy was in strong uptrend since very longtime right now price actiom showing sighns of trend...
Yesterday the DXY came right into support of both the 1.0 Fibonacci extension and the wave iv of one lesser degree. I would anticipate over the course of the next six months, the dollar will rally in its wave 5 possibly to $115.50 as high as the $122 level. What the implications are to the US indices, Crypto, etc...I will not comment. Economically I would...
Hello dear fellows , how are you all , i am hoping you are all in the good health and good mood . so lets start our day . Todays is NFP in NY Session so our objective is to choose the setup which not only move to our direction but also reached the target before NFP releases , in some cases i let the open position so news release and it further boost our position ...
I'm sharing my chart on the DXY. Weekly chart. Channel. Triangle. Trendlines.
Buying DXY at 103.35 Stop at 102.55 Target 109.50 R Ratio 7.69 Completed Crab formation The system highlights unique levels of support and resistance combined with potential cypher patterns. We use single currency analysis as an overlay.
Analysis of #USDCAD Hi traders, today we will have a look at #USDCAD The USDCAD formed a confirmed bearish head and shoulder pattern, for me this is a valid reversal head and shoulder pattern ;), since we have a confirmed break out of the neckline I am only looking for a sell entry now. As you can see on my chart, i am looking to sell at the right shoulder...
DXY almost at its pivot point. It'll reject off the .5 fib and head back up to bounce around inside the golden pocket... DXY go up, Crypto go down
We just recently reached the breakdown target for the ascending h&s pattern with the pink neckline when price fell to 109.2. Our next target is for the slightly bigger head and shoulders with the bluish green neckline at 106.9 which we are now very close to reaching. the next breakdown target after that is for both the largest h&s pattern with the yellow neckline...
Idea = Continuation of previous resistance rejection. Levels marked out , with clear invalidation.