DXY - Classic bullish pattern - Our team expects growth SUGGESTED TRADE: Swing Trade Long DXY Entry - 106.417 Stop - 105.347 Take - 108.016 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
dxy expected move based on fundamental and chart analysis
I think the Kiwi offers a tremendous reward to risk ratio on the short side here. The situation with persistent inflation and rising energy prices is certainly a headwind for the economy, combined with Powell's increased determination as per his last speech at Jackson Hole, has helped bears gain ground here, triggering both a daily and a weekly down trend...
The rise that accompanied gold this week was brightness, not the rise of gold, which rose from 1616 to 1771 levels in just a week, but this rise is conditional on a correction that may extend to 1735 levels. We are not saying that the price will be corrected from the current prices, but it may rise slightly, and then selling is available to those who speculate on...
DXY collapsed this week with news related on the CPI news. Despite that I believe index could break it highs since early 2000's
After the severe selling wave that the dollar was exposed to in the middle of last week due to inflation data that came less than its predecessors, we may witness a correction of the dollar and its related currencies that may bring it back to levels of 108. The dollar may reach the levels of 105, which is a very strong support, and it is likely that the price may...
Just looking at the TA and ignoring the macro bc I'm not that good at macro, but I can draw patterns real well. I feel there are going to be a significant amount of sellers at these highs which will cause a distribution pattern to begin. As DXY tops, riskier assets begin to look more appetizing. What do you all think?
USD/JPY, Potential short on UJ we had some fundamental from the BOF on Friday hiking rates, if we see the JPY gain strength this week we can see bears take over UJ, Also the DXY showing weakness, pay attention to price action and look for some opportunities on UJ
Hello traders! Here we can see retail traders are trapped above that swing high. How do we know this? Simply see how quick price distributes after the buy stops are taken. That move to the downside is attractive to any trader, however, this is how they entice retail traders to chase price and sell late! By the time retail is all shorting the commercials are...
Hello Traders! Here we can see DXY is clearly not breaking swing highs. It not looking to seek buy side liquidity above swings highs. Instead we can see price seek sell side liquidity below swing lows. We also can see here on the daily a swing low is broken and price follows with a lower swing high forming (High probability scalp model in play). I would like...
Hello,Traders! DXY collapsed today on the CPI news Breaking all the key levels on it's way down But the next key level is nearby So after the retest a rebound And a bullish correction Are to be expected Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Here you can see that the 4 year BTC cycle lines up well against the oposite corelation against DXY. So much history in 20 years with some important major events to gander at. Why does the DXY drop when FTX files bankruptcy? So many questions about why the DXY moves the way it does. Is this the Bitcoin bottom? Not according to the 4 year cycle. We could be headed...
I will enter sell gold on this price 1765 and my target is 1755 1750 stop loss will be 1770 and if its hold above 1750 then we might see 1830 soon then
Hi, this is my new update for AUD/USD. We all have been waiting for this moment guys and now it's happening. We have now tested big resistance around 0.6700-0.6720 and at the same time we are testing the 100 days moving average. The probability to see big fall from here is very high, but if we close the daily candle above 100 days moving average then the bullish...
We just achieved a higher high on the daily time frame with DXy’s price action. Considering how long the history of the chart covers (several decades) the larger weekly and monthly time frames lower high/lower low & higher high/higher low sequences are probably more important for bull and bear trends than the 1 day is. So even with a higher high on DXY’s 1 day...
This is roughly where I think we are in this major bear market cycle. The index is hovering around the 50 Month TEMA and the DXY is having in a large shorter term correction. IMHO the market is vastly over-reacting to a single monthly CPI datapoint and there's a lot more pain yet to come. I suspect strongly that the 100 and 200 Monthly TEMA are still in play over...
hello traders We have a reversal signal for the dollar index, we may start a bearish wave from here that will retest the demand levels