Been charting this move since mid July 2022, we are getting close to a bottom IMO, currently testing the bottom TL of the mega phone pattern. Now looks like a support flipped into resistance. Targets remain $45-$55 for a bottom and likely big bounce from there. Which is the 618% from the covid 2020 crash when prices went negative.
We confirm support above broadening bottom, which is nested inside another broadening bottom... since confirmation, can expect to find resistance near local high around 108. I expect the larger broadening bottom to fail... that is DXY price would not find support above that upper trend line. that's just my impression based on the greater macro... bulls are...
The US dollar's previous bullish momentum met monthly resistance at the all-time high price of 114.750. Since then price action has been making lower lows and lower highs followed by a massive sell-off toward the support zone around 105.300. However, there is a rejection of lower prices at this support zone. This hypothesis can be validated by the double bottom...
my expectation for dxy i had some network setback so i could not post it earlier... looking for price ti hit a premeium array to continue downside movement...
Dollar index has bounced off the 200dma/ema bands and also formed divergence on the RSI. 108/109 next?
Hello dear fellows , In todays session i might trade in USDCAD , as we saw yesterday it played v well against CAD , and chances are CAD might remain under pressure . we got nice discount in early Asian session . Risk is pretty affordable . Trade with risk Management . Best of Luck !
Central banks around the world are rapidly raising interest rates, while at the same time the US fed is showing hints that it will slow down interest rate hikes. This means that USD will be less valuable since there are more and more currencies that offers more than the dollar.
I still have a Bearish view on the EURUSD chart and I think it will fall more! The first target will be 1.0222 ! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 11.29.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It...
US Dollar Currency Index (DXY) 1W hollow candlesticks After an ATH (All-Time High), the US Dollar Index appears to be finding its first major support area, which occurs from the golden ratio of the Fibonacci Retracement sequence. Two triangles are formed, two ascending triangles. In the first triangle, the breakout will occur at the end of 2022. Certainly from...
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 💣🚀 otherwise we can see more correction ❌🧨 Please, feel free to share your point of view, write it in the comments below, thanks 🐋
Volume is descending with PA in the short term, contradicting the short term bearish trend. Volume is ascending with PA on the long term, confirming the long term bullish trend. => what we are seeing is a correction. PA will drift lower until a significant breakout on the descending volume trend happens. PA will go again parabolic to the upside after that. I...
Analysis of #EURUSD Hi traders, today we will have a look at #EURUSD The EURUSD yesterday tried to break out to the upside only to fail and close back below the previous structure high, and not we can consider this a double top. now I expect the market to keep moving down as explained in my previous analysis to test its key market support level near 1.0100,...
#DXY_Dollar - Falling Wedge - Elliot Waves - Divergence - Correction - Impulse Correction - Symmetrical - S/R Level
GBPUSD H4 - 4R seen following the move we witnessed yesterday from that 1.21 handle, pullbacks towards 1.20500, a nice area of H4 S/R but also corrective exhaustion, hopefully this is the next zone to sell from.
Hey traders, here is the analysis for the USD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
I also interested in NZDUSD as it perfectly standing at the Lower High formation which is known best for Selling and Sell trend entry point . so lets try this one , Trade with Strict Risk Management . Best of Luck !
Yesterday EURUSD rose almost to 1,0500, followed by over 150 pips drop. In this way a reversal candle is formed on a daily chart. Therefore, today is important to see whether this drop will have the strength to continue or we will see a new peak. We’re not looking for trades in EURUSD at this stage, again there are better opportunities in the crosses. A...