On Friday, the NZDUSD traded with significant volatility as the price surged strongly to the 0.62 resistance level but failed to break above, ending the trading week at the 0.6150 price level. Early in the trading session today, the NZDUSD is trading lower with the potential to reach the 0.61 support level. Look for the NZDUSD to break the 0.6120 interim price...
The AUDUSD has continued its slide to the downside as the price approaches the near-term low of 0.6640. Look for continual strength of the DXY to weigh on the AUDUSD, bringing the price lower beyond the previous swing low (17th November) and 38.20% fib level. With no major news for the AUDUSD, if the price breaks beyond the current price level of 0.6640, the...
we can see the semilarity between these levels 113 /105 ... may we see test 120 befor that #DXY back to the normal ... that means the bear market still in the air but 2023 will be the best year for the accumilation phase . stand by
Last week the Dollar Index met its measured target of the descending triangle breakout. Bullish bias still remains as the Dollar Index continues to trade above the 200 simple moving average (SMA). To look for entries, let us zoom into the lower time frame in this week's analysis. In the lower time frame, we can see that the Dollar Index is trading in...
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DXY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4Hour Trend: Bearish Trade scenario 1: Overall we have been very bearish on DXY and last week was spent consolidating at this new low. Going into this week we’re looking for lower highs closer to 108.500 resistance. If we see this we can confidently say DXY will continue bearish. Trade scenario 2: The...
Looking for EURUSD to weaken while Dollar retraces up in NOV Begin DEC Dollar should roll over and become weak again Higher Timeframe outlook for EURUSD is bullish 1.0750 is (first?) target COT shows Asset Managers buying EUR COT CHART: www.awesomescreenshot.com
TVC:DXY I would look for for a move to around 106.770 and then look for a nice bullish candle and take the trade to the upsite. At the first tp I would take out 80% and let the rest 20% run but make the stopploss on break even. Maybe it comes to the 2 tp, otherwise I'll not make any loss and already make some profits on this tarde if it comes there.
❓How long will the dollar appreciate? 🏦 The Federal Reserve dollar indexes are designed to help estimate the overall effects of U.S. dollar exchange rate movements on U.S. international trade. 📈 There are three indexes: (1) the broad dollar index (this index), which is constructed using the currencies of the most important U.S. trading partners by volume of...
Look at where the 10y yield is currently trading - its right above its 200 period moving average at major resistance. This is yet another indicator to me that stocks have bottomed and inflation will start to fall away this year. Bond yields should fall away again as we move through the year. I bought heavily into stocks last week, amazon at $2050, Netflix at...
The Dollar Index is still under a bearish outlook in the coming week, as it has a downtrend that it may test for the third time in a row, and if it fails to breach it, it may return to the 102-103 levels. What do you think, does the dollar complete its downward trend? Or will the dollar have another opinion? The four golden rules of trading 1 Don't be...
DXY Expecting a choppy range for the DXY between 105 - 108 until the FOMC meeting in December. The descending channel gives us an illustration of where we can expect price to bounce around potentially forming a penant which could break upwards out of channel or downwards based on monetary policy shifts.
Hello traders ,what do you think about AUDUSD ?In this week, we will look for the sell of this currency pair. We expect this currency pair to fall from the specified resistance level to the specified level. If this post was useful to you, do not forget to like and comment.❤️
FED, as always figures into the dollar trajectory. If we take the RED trajectory, it's going to be a rotten Santa Rally. I'm inclined to believe the Santa Rally will happen with the green trajectory.
under red arrow we advice sell and hold it 10-15 day if dollar index break 109 support it can start uptrend to122 above 102.300 and green arrow we advice buy and hold it goodluck
Forming Inverted Heads And Shoulders In Shorter Tf incase Of Breakout Expecting 2% Bulish Move
Hello my friends, This is an update of previous analysis (blow link), Everything is marked on the chart. We have a reversal pattern where If the neckline is broken the price will go up to the first target. So I expect a temporary uptrend in first stage then monitor the price's action in the circle to decision. Good luck. If its useful please like it as a support...
Consolidating In Very Tight Range Wait For Breakout Incase Of Upside Breakout Go For Long in Case Of Downside Breakout Go For Short Try To Catch 120 to 160 Pips