Do we break above the 50-MA this week when FOMC meets for rate hike? 1-2 NOV RATE DECISION Break above 50 MA we bleed Reject of 50 MA we moon What does everyone else think about this week?
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 price structure shows the beginning of a correction after a rise of about 28% (from the 90 support), confirmed by a MACD triple top and a RSI bearish divergence. On the other hand, I remain bullish in the medium to long term:
Hey traders, Here is our forecast on DXY. DXY is trading within a resistance cluster. Based on our stand point the price will dump to the next structure support. ❤️ Please, support our work with like & comment! ❤️
U.S.Dollar/ Canadian Dollar found the fifth wave at PRZ(Price Reversal Zone). Now, U.S.Dollar/ Canadian Dollar is breaking the lower line of ascending channel by a bearish marubozu candle. I expect wave A can continue at least until the end of wave 4. 🔅U.S.Dollar/ Canadian Dollar Analyze ( USDCAD ) Timeframe 4H⏰. Do not forget to put Stop loss for your...
British Pound/U.S.Dollar was able to break the upper line of the Falling Wedge Pattern. I expect the British Pound/U.S.Dollar will go UP at least to the resistance zone. We can even see a Pennant Pattern on the British Pound/U.S.Dollar, a 15min timeframe chart. 🔅British Pound/U.S.Dollar ( GBPUSD ) Timeframe 15min⏰. Do not forget to put Stop loss for your...
The bearish movement of the United States Dollar Index was extended last week and was poised for a reversal. Supported by the 110.0 level key support region, the Dollar retraced some of its loss but was unable to push higher from the minor resistance at 110.885 region. If price managed to push pass 110.885, we are likely to see the Dollar push towards 111.665...
Hello,Traders! DXY was trading in an uptrend But then the index broke the rising support Went down and the up again To retest the supply level above From where I think it will go down Towards the target below Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
Gonna start publishing ideas here since metatrader is gone now
DXYUSD daily guidance is cautiously bearish. Recommended ratio: 25% DXY, 75% Cash. * 50MA RESISTANCE TEST. Both PCE price index and Core (without food and energy) for September saw the same increase from the August report , with PCE increasing 0.3% from August and Core increasing 0.5%. Though some may see this as plateauing, it's a bit premature and doesn't...
This 1M chart focuses on the U.S. Dollar Index (green trend-line), which is seeing its first serious and sustainable pull-back after a long time as since September 28 it has been trading on Lower Highs and Lower Lows (not seen on this monthly time-frame though). This week the low completed a -4.50% from its peak, which is the strongest pull-back since the January...
... see how it plays out. could get interesting. Fibo.
My apologies for forgetting to start my TradingView stream guys. I'll get my act together and promise to catch you in the next video.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DXY is overall bullish trading inside the rising broadening wedge in brown, and it is now approaching the lower brown trendline acting as a non-horizontal support zone . Moreover, the zone 109.0 is a strong support zone. So the highlighted purple circle is a strong area to...
The US dollar has crept up, pivoting off our level at 109.47. We have now encroached into the 110's, but have not quite made it to our level at 111.37. A red triangle on the KRI suggests that we are running into resistance. If we can keep pressing forward, 111.37 and 111.66 should provide resistance. If we retrace, then we should continue to see support in the 109's.