DXY is at a crucial point. Either we see an underside retest of previous low and break down of the range or reclaim and move back to the top side of the range. SPX seems topped out. What do you guys think?
A lot of bearish clues on Dollar Index: the market violated a major rising trend line last week and broke a horizontal key level yesterday. The underlined blue zone is based on broken horizontal and vertical structures. From there, the index will most likely drop. Next support - 108. ❤️If you have any questions, please, ask me in the comment section. Please,...
The uptrend has taken a pause naturally as it is struggling to break above the 4H MA200 (1,668.71), having failed to close a candle above it. This is a strong sign of (short-term at least) profit taking. As mentioned yesterday, the 4H MA50 (1,648.31) is the short-term Support, there is also a Higher Lows trend-line involved (1,653.90) starting from the October...
EUR/USD resistance is 1.0070 and 1.0112. Support is 0.9948 and 0.9927.
$DXY Looks like #Dollar might switch the trend👀 We have a distribution above 110 s/r zone and now testing this zone + lower boundary of SuperGuppy support More downside if we cross below this support cluster📉 (btw it will be good for crypto)
The EUR/USD encounters solid resistance near 1.0100. The pair's continuous jerk comes on the heels of the greenback's weak recovery, which tries to restore some equilibrium following the recent steep sell-off, as the prospect of the Fed slowing the pace of its tightening plans appears as the immediate threat to the buck's further gains. Investors are taking...
DXY Dollar Time Frame - M30 Falling Wedge Pattern in Short Time Frame #STF If it Breaks the Upper Trend Line #UTL Then USD will be Stronger If it Rejects from the Upper Trend Line #UTL then USD will be Weaker and could Break the " 109.523 " Completed " 123 " Impulsive Wave
The ECB is due to release its interest rate decision today 8:15pm (GMT+8) The current market forecast is for a 75bps hike, taking the interest rate from 1.25% to 2.00%. This decision is likely to have been fully priced in. The EURUSD had climbed to reach a high of 1.0095 on the back of the DXY weakness and possibly with markets anticipating the 75bps rate hike to...
Finally taking a break, but it won't dip as low as 95-97 as many expect. Consolidation withing the descending wedge and up we go for more !
I think this week everything against dollar will go up until next week and after fed interest rate they will dump it
so on the smaller time frame dxy created a double bottom im looking for a retest of a 5min ob and also if you look closely theres a fair value gap in that same area if that area holds we can see a bullish ny session for dxy most likely im still bearish dxy this is just a pull back for the next real move
After the very nice uptrend of the last months, Dollar gives a short term alarm. This one comes after the breakout of the trendline. The last support is the flat of daily SSB at 109.73 points . This first alert signal show a weakness in the dollar bullrun, with momentum that diminished since last week.Also the cross of the daily MACD confirmed the loss of...
We are approaching a nice Weekly DEMAND/BUY zone which starts around 109.2 which is a previous swing high in the current trend that will likely form some sort of support and is a good area to go LONG again I will be looking for my indicator to give me a signal on TFs above the 4hr to daily around these levels. If this trade happens I expect a run back up to...
In 2009 the DXY hit the top of the channel crashing the SnP. The DXY finally pulled back and broke the RSI Trendline Support. The RSI went back up to hit resistance, at which point the DXY hit a double top. At this point the SnP hit a NEW LOW, and FINALLY the market started to rally. In 2015/16 the same thing occurred as the DXY hit a double top, and potentially...
a niceeeeee down move giving you direction on all the other dxy pairs but this dollar weakness could be coming to a pause as it approaches this key level now with that being said it could just break down at this level and go fill that fair value gap and cause a nice up move for gold we have to see how price develops here but it is a point of intrest everyone...
finally getting the move we were waiting for from dxy finally making its decision
Since the end of September, Dxy has had 3 attempts to conquer 114 figure and failed each time. On Monday the index broke down the rising trend line that kept price elevated since August and an aggressive drop followed. At this moment the price hovers above the support area (108-109 zone) and a resumption to the up move can follow. Dips against 107.50 should be...
DXY deviated range high on lower timeframes. CPI data came out at 8.3% so seen the last flush (maybe ) into the doller. I think its topped short term and will cool off. But charts will lead the way here. If it cant reclaim the range High il look for long in BTC also for a short term trade.