My take on where dxy will go over the next 15 years through bought of hyperinflation and defaltion of surrounding global currencies
Short term Elliott Wave view suggests correction from 9.28.2022 high ended at 109.53 as wave (4). Internal subdivision of wave (4) unfolded as a double three Elliott Wave structure. Down from 9.28.2022 high, wave W ended at 110.055 and wave X ended at 113.942. Index then resumes lower in wave Y to 109.53 and this completed wave (4) in higher degree. Dollar Index...
The Fed had on Wednesday had hiked the upper target for fed funds to 4.0%, its highest since the Great Financial Crisis, while Chair Jerome Powell had said that interest rates will have to go higher than previously thought, even if the size of individual hikes from now on is likely to be smaller than the 75 basis points seen at the last four meetings. If we can...
movement will be regular After that, the upward movement will most likely continue.
US Dollar (DXY) COULD HIT 120.00. The last time the dollar hit 120 was in 2008 and 1972 and we know what happened then.
If DXY breaks paralel channel 114 - 115 area , It can go up to 121's. This is very bad for BTC and alt coins.
Looking for price to correct to previous broken level before a continuation to the yellow zone. Will finish riding the wave.
It is the best description for the BTC! In itself, he has nothing to say. just watch DXY to get a sight about BTC! For the long term, there is no hope for this lazy king. But maybe the 19800 will be a chance for scalpers to buy.
Despite the 75 Bps Rate Hike yesterday from the FED DXY is still respecting the highs in the current corrective downtrend. Price is now testing a 4H Order block in confluence with the 0.786 fib taken from the most recent bearish impulsive move which Broke structure. Looking for potential confirmations inside this zone for a NY reversal into the lows of the previous week
British Pound/New Zealand Dollar was able to make a Head and Shoulders Pattern near the important trend line. I expect the British Pound/New Zealand Dollar will go down to the target of the pattern = Support line. 🔅British Pound/New Zealand Dollar Analyze ( GBPNZD ) Time frame 4H⏰. Do not forget to put Stop loss for your positions (For every position you want...
The parabolic curve pattern DXY has been forming for over 16 months was broken on October 21st. DXY bounced at the 109.53 level and now appears to be retesting the curve. I see the following support levels if DXY is rejected at the curve. 1) At the previous bounce level (109.53) 2) Near the 105 level. 3) Near the 101 level. Thoughts: ...
Perfect move from DXY. Got a wick yesterday during the interest rates event which pushed price to the .618 fib level before further strength which has now pushed price to the -.618 extension level. Price is approaching trendline ( expecting a break above soon) but we should see a short-term retracement before further strength. Check related ideas section below...
#DXY Dollar - According to the Long Time Frame #LTF we have BEARISH CHANNEL and Rejected from the Lower Trend Line #LTL - Buying Divergence in #RSI - We have IMPULSE CORRECTION IMPULSE - Completed the Correction " ABC " and Again Following IMPULSIVE WAVE - RISING WEDGE in Short Time Frame #STF
Dax now on yellow Y leg and going further down,horizontal lines indicate possible target areas and when we reach the target we can securly take buy position. have a safe and profitibale trade any question please commnet below.
sl @ 1614 Tp @ 1638 Sell position running almost 400pips (check related ideas section below) expecting a short-term retracement on DXY which would push this up slightly before further weakness.
Hello,Friends! Indecision in the market is changing Towards a clear bullish sentiment And the price action on the lower timeframes Is clearly supporting this narratve Therefore, I think it is a good idea to go long! Like and subscribe and comment my ideas if you enjoy them!