#DXY_INDEX Patterns ( H & S , ASCENDING TRIANGLE , ELLIOT WAVES ) giving us the Direction for the Confirmation that it can Follow Buy Trend In Short Time Frame #STF we can expect an Retracement Somewhere Between ( 106.963 - 107.660 ) that will confirm the Next Trend Next Target Possible FIBONACCI LEVEL - 38.20% or D D Z ( will React as Resistance in Short )
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 🐋
#DXY Technical Analysis:- $US Dollar Currency Index Currently trading at $107 In Simple way as per Past Performance $DXY inverse Proportional to #Bitcoin In This Chart Detail Explanation:- December 2016 #DXY Price was $103 ( Which was ATH ) that time Bitcoin Price was $750 After one year $DXY dumped badly and Hit $88 within one year and This time $Bitcoin Hit...
After the negative CPI numbers for US dollar index, investors and retail have turned officially bullish on equities after inflation peaked, DXY dropped vertically and gave gains to stock market closing the week green. Now, price looks over sold and the formed pattern is very bullish ( ascending triangle), a breakout will drive price to 109.6 as a first target....
DXY has broken its bullish cycle and we are about to head into a strong general Bearish Trend . As a day trader, The Daily, 4H, and 1H tend to be my go-to timeframes, and on these time frames, the market has broken to the downside, breaking through the trend, so a correction or retracement is imminent. The Formation of the BULLISH Triangle on the 4H timeframe,...
-The dollar bounced off the 200 ema -TTM Squeeze went off on the monthly chart -It's retracing after the launch -check below for more TF's -dollar going to 160 before a new Plaza Accord happens that revolves around a digital currency based on social credit scores (Mark of the Beast 666)
Dollar index just broke out of an ascending support and now the bullish momentum seems to get weakened and about to reverse
- Currently the MARKET SENTIMENT for AUD is slightly UP SIDE according to the MARKET SENTIMENT. Due to RISK ON for AUDUSD, there is currently an UPSIDE BIAS for it. The main reason for that is that the US ELECTION was won by the REPUBLICANS and the US CPI DATA is NEGATIVE. Therefore, STOCKS and COMMODITIES MARKETS are going up a bit now. It is heavily...
Weekly chart, pointing out Oil's peaks since 2000. Oil is displayed in black, Inflation in red and the U.S. Dollar in green. Excluding the one this year, Oil has had another three major market peaks, during all of which inflation followed suit and fell along. The USD tends to lag in these instances but after a multi month period of volatility, it also falls...
EUR/USD resistance is 1.0390 and 1.0425. Support is 1.0316 and 1.0286.
With gold topping out into key levels (golden pocket, macro trendline, medium term resistance zone) and losing important momentum (MACD and RSI) I think its time to lean into a short. I entered this morning on the recent spike up into the red line. Along with these factors we are seeing the DXY (dollar) running into a zone of support.
📈DXY, So what are we growing? 📈Post is a direct continuation of my short position on DXY which was a success: 📈As I have written in previous posts after such a sharp discount it will be time for growth. 📈I think we are in the right place to be increasingly confident of these increases. 📈The final test of the test will be the resistance zone resulting from the...
I think the Federal Reserve will increase the CPI again. We should wait for strange stories
It seems The British Pound/Canadian Dollar completed its wave 5 on the resistance zone & resistance line. I expect The British Pound/Canadian Dollar will go down at least to the end of wave 4 after breaking the trend line. 🔅British Pound/Canadian Dollar ( GBPCAD ) Timeframe 1H⏰. Do not forget to put Stop loss for your positions (For every position you want to...
HELLO TRADERS, I wish you a pleasant end of the week.. so let's get to the analysis If during today's NY session we rebound from the marked zone 106.630 - 106.780, then we can continue further upwards to test the zone of interest around 107.750
U.S.Dollar/Japanese Yen moved as I expected 👇✅. PRZ (Price Reversal Zone) worked very well. It seems, U.S.Dollar/Japanese Yen completed main wave 3, and now it is on the road to making the main wave 4. I showed you the next target for U.S.Dollar/Japanese Yen in my chart. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 2D⏰ Do not forget to put Stop...
DXY - Classic bearish formation - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short DXY Entry Point - 106.572 Stop Loss - 108.982 Take Profit - 102.981 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️