After the DXY index makes a new low in 4H and retesting, I assume it will make a FLAT pattern which usually goes around 138.2% of A, Around 107.44 TVC:DXY
After FOMC released the new interest rate which was higher than the expectations, we saw the immediate impact on US dollar which caused a strong strength on it. Currently, we can see that price is facing bearish pressure and is moving in an ascending parallel channel and is rising towards the channel’s upper bond. There is a resistance zone ahead which is also...
The Median Line per I.II.III: DXY back to test the Center Line =dynamic support zone now. The strong trend looks intact. This is a good way to use the Median Line to track the trend consistency. Update of:
DXY moving just as planned - soon will touch roof and we will need to check VIX and stocks to see what happens theres - but it is likely for DXY to range until mid Dec - New Year (red trajectory). Expecting a breakout to the upside afterwards.
Looking for the continuation higher in the US dollar index following the London open. We had a bull flag and have started to move but we need confirmation that the overnight trading is supported by the London trading desks when they digest what the Fed said last night.
DXY INDEX According to the interest rates that we have in front of us, it is very likely that the dollar index will reach the level of 120 and there is a possibility of correction from there.
With the 75 basis point rate hike in yesterday FOMC Statement & the data dependent slow down in December, we got impulsive bearish move after rejecting from 1668-1670. We have been mentioning 1675-1680 as the key level of rejection in our last gold trade reports. with this hawkish move from FED we can still see the US dollar getting stronger in higher time...
Yesterday, the interest rates were raised by 0.75%. That led to move towards the parity and a big rejection wick- just as expected. Aggressive entries could've been made right after the news. We can now expect that this downside move will continue. The next confirmation would be after a test of 0,9870 and another rejection. In order for this move to...
The EURUSD is attempting to break out of this period of consolidation. The DXY confirms that the direction of travel this morning for the US dollar is higher, so the EURUSD sell signal on the 'Classic Retest' is valid.
Hello traders ,what do you think about EURUSD ? We still believe that this currency pair can be bearish. Therefore, we expect it to move back to the previous floor after this corrective move. In the resistance range, after receiving the confirmation, you can enter the sell position If this post was useful to you, do not forget to like and comment.❤️
Hello everyone, After todays FOMC meeting which saw an increase to the Fed Funds rate by 75bps, the hint for Fed's Powell continued inflation pressures yet to be resolved are clear. The hint for "Fed Pivot" was not, with clear emphasis that hikes should continue. Technically, on the Weekly TF, DJI is facing strong resistance at 0.786 fib level as well as top of...
With FED raising interest rates by another 75 basis points, it will inevitably strengthen the dollar. We can use this correlation to short NZDUSD. Expecting price to stay below the blue structure. We appear to be rejecting the 618 fib. Trade Idea: - For safe entry, watch for break of the red trend line - For risk entry, watch for a rejection of the 618 fib -...
DXY (US Dollar) Cup & Handle dump and pullback DXY RSI Hold and Support 50 mark
Breaking Rising Wedge in daily tf incase of successful breakout expecting 800 pips besarish move
dxy looing for breakout 116 or 105 if dxy breaks to the upside we can expect further uptrend towards 116 or may 117 if dxy breaksdown then get ready for 104 or may be 100
After increasing the interest rate by 0.75% with the retest of the previous 50% wave, the dollar index can face widespread support from buyers. The dollar can touch higher targets after a deep correction by touching the specified trend line. The dollar index has maintained its trend line in the daily and four-hour time frame, so the probability of its further rise...
Oil on correction mode and I don’t recommend to take any sell,because main trend is bullish so wait for bullish rally active then take a trade. Have a safe and profitiable trade Any question please comment below.