#DXY_INDEX Completed the " 12345 " Corrective Waves at Demand Zone ( 104.669 ) in " BEARISH CHANNEL " Pattern and Rejecting from #LTL BUYING Divergence Completed " 3rd " Impulsive Wave Breaking the Previous Structure it will Make its " 4th " Impulsive Wave and Retest
It's been 380 days of nothing but blue skies and uptrends for the US Dollar. However, starting in September the character of this uptrend started to shift shapes with large range down days and a series of lower highs. Now here we find ourselves 9% from highs and breaking below the 200SMA for the first time in over a year. What's your bet — the best days for...
U.S. Dollar/Japanese Yen moved as I expected 👇✅. It seems U.S. Dollar/Japanese Yen is near the end of micro wave 5 of main wave A (on PRZ (Price Reversal Zone)). I expect U.S. Dollar/Japanese Yen will go up at least to the end of micro wave 4 of main wave A. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Daily Timeframe⏰. Do not forget to put Stop loss for your...
Dollar index is trading in upward channel pattern since last couple of year as we have mention in earlier publish idea and it did perform according to analysis . Now it has reach the top resistance level of channel pattern as shown in chart . according to our analysis we might see DXY consolidate in triangle pattern which is shown in chart. and it will breakout...
PCE was out, seems like Inflation is stable. Powell noted they will slow down the hike, so even if data is strong they will probably stick to the plan. If data is bad, which is not impossible, considering that economy is slowing down, then the DXY will fall further. So I see win-win for the bears on DXY going forward. But there will be pullbacks of course. ...
The DXY index was able to complete wave 5 in the support zone. The sign of the end of wave 5 can be considered a 🔨Hammer🔨 Candlestick Pattern. I expect the DXY index will go up at least to the end of wave 4, and then it completes correction waves. U.S.Dollar Currency Index ( DXY ) Analyze Timeframe 4H(Log Scale)⏰. Do not forget to put Stop loss for your...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE The Fed is on a data-dependent (meeting-by-meeting) policy stance, meaning incoming growth, inflation and jobs data remains a key driver for short-term USD volatility where we expect a cyclical reaction for both the USD and US10Y (good data expected to be supportive for the USD and US yields while bad data is expected...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE A looming recession has been a key source of Pound weakness and has kept pressure on Sterling despite ongoing BoE hikes. At their NOV policy decision, the BoE’s updated projections showed a deeper and longer recession than previously thought, as well as a stern push back against current market pricing for the high...
EUR/USD resistance is 1.0463 and 1.0501. Support is 1.0391 and 1.0358.
There is a short relief that we are currently experiencing which would confluence to around February 2023 for a bearish USD rally. Then a massive bullish USD move for the next decade. Would work well together with 2020-2030s bear market predictions and a deep and long recession. What surprises me is that the numbers for DXY are exactly the same as they are now.
Can dollar index continue bearish momentum until next Fed Interest Rate Hike on December 13-14 ?
The range of 1780 to 1786 is a heavy daily resistance. It is expected that a Double top will be formed in this area. If a Double top is formed, heavy rainfall will occur until 1630 . It is also necessary for the price to pull back to the broken 8-month channel . The sales range is 1780 to 1785 . The main target is 1630
DXY Bearish Mode! 1. Big Marubozu Bearish CS. 2. My bias = SELL USD/XXX ; BUY XXX/USD. 3. DXY is my compass.
My way of analysis: 1. Seek direction(Bias) in DXY. I trades mostly MAJOR FX Pairs. 2. DXY Looking strong bearish with strong MARU Candle engulfs previous candles. 3. Classic break and retest strategy. Waiting for retracement, and weakness in bull retracement to enter. Another per-requisite is to wait London & New York Open prior to enter position. 4. Risk...
Real support for Vix is below at 19.8 and 19.4 with the strong trend line at 17.6. Though Powell did have bullish comments today, the price movement of the VIX supported the likelihood of a market move upwards more so than a market move down. Time Stamps: VIX 0:00 APPL 11:00 NASDAQ 14:39 DXY 15:40 BTC 16:50 SPY & DJI 18:22
The markets are heavily influenced by what the Dollar aka DXY is doing. When the DXY is soaring going UP US BASE pairs go down. When the DXY is going down US base pairs go up. Simple as 123. When you study the DXY and begin to chart it and learn how it moves it will give you the best overall objective view on what the markets will do especially US BASE PAIRS. In...
$EUR - RANGE UNTIL... I've seen lot of exciting commentary coming out of Powell dovish ending rates in December etc. We've heard this all before, its not much of a surprise its all baked. However, don't forget to consider price action as well. There is nothing exciting until we are out of this range! At the moment we are choppy! I expect NFP to give further...