✅DOLLAR INDEX is going up now To retest the broken rising support From where we are likely to see A move down towards the target below SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
We could be at the last bear run on the DXY until we see more damage in the usd makets. If we look left, we have just completed and abc zig zag which transformed into a new abc zigzag to the upside which may turn into one of the abc flats depending on price action. The party is still going on which is cool but be careful because there is work in the morning lol....
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...
The DXY (US Dollar Index) broke last week below the 1D MA50 (blue) for the first time since August 11. Despite the drop, the 2022 Bullish Megaphone (or cylinder) is intact. However along with the emergence of a short-term Channel Down (Lower Highs/ Lower Lows), we see the 1W RSI turning on a Bearish Divergence as with Lower Highs and Lower Lows it is going against...
DXY Neutra; Idea Weekly Trend: Bullish Daily Trend: Bullish 4Hour Trend: Beairsh Trade scenario 1: Overall we are still very bullish on DXY higher timeframes. but we have seen the 4hour present a bearish trend for the last week. Price action is currently resting near 110.700 resistance and we are waiting for the next reaction. Ideally, if we are to continue...
this is a turning point for dxy it did create a lower high last week close also opened with a gap also has a lot of trend line liquidity resting below and the external trend is still down now on the flip side there is equal highs and also dxy could push up to the 112 area which would be a nice discounted move
#DXY - DOLLAR FALLING WEDGE Pattern in Long Time Frame #LTF and Rejection from the Lower Trend Line #LTL Impulse Correction Impulse Completed the " ABC " Corrective Wave will Again Follow Impulsive Wave ( Bullish ) Buying Divergence in #RSI Falling Wedge Pattern also in Short Time Frame #STF and Breakout of the Upper Trend Line #UTL and Completed the...
Since DXY is governing what happens in all other markets, I think that it is worth a deep analysis, and this is what I expect for DXY in the coming days/weeks. If this scenario plays out like this, then we can do basically the opposite for crypto and stocks. Sell crypto and stocks when DXY is going up and buy crypto and stocks when DXY in a downtrend.
In this situation DXY chart long term create bullish bat pattern and short term create Elliotte wave pattern. So, market need to seem buy correction @ 111.300 and 111.460 resistance level. If breakout @ 110.222 support zone, then market sell up to 109.700 support. AronnoFX will not accept any liability for loss or damage as a result of reliance on the...
DXY has shown a lower low. Good news for crypto and general market.
a little weak we had under the curve support line but not closed yet on the weekly. maybe little more increase and then see a correction.
1 Structure analysis time frame DAILY 2 target time frame :DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H4 4.1 Entry TF Structure: BEARISH 4.2 entry move : RETRACEMENT 5 Suppot resistence base : H1 ORDER BLOCK BLOCK 6 FIB: DISCOUNTES AREA 7 candle Pattern: MOMENTUM ENGULFING 8 Chart Pattern: RISING WEDGE BREAKOUT 9 Volume : DRIED 10 Momentum...
Towards the end of last week, the DXY showed some recovery as it bounced from the 109.50 price area to retest the 111.00 price level. However, the DXY retraced to 110.66 to end the trading week. This will be a big week for the DXY, with the release of the decision of the FOMC regarding the Funds Rate, Statement, and the accompanying press conference due on...
the big trend is up so we should find a good place to catch the next wave))) and as always risk management is the key
Hello Guys, last week we got the DXY price last week was in big fall even on friday it can comeback a half price of falling. based on "smart money concept" DXY has made the "CHOCH" Change of character based which is mean the price potentially will change the direction of trend, in this situation from bearish to bullish. so we can focus to BUY position. where...
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Here I present the idea that DXY has more down which would mean Bitcoin has more upside. The blue lines on both charts represent the bullish actions for Bitcoin and crypto in general if DXY falls, whilst the orange lines represent strength in the dollar and weakness in bitcoin and the cryptocurrency market.