Oh boy... with all the bearish DXY charts I've put out lately, I just noticed something that is even more bearish. You see that yellow line on the chart? That is the weekly RSI that has been on an uptrend since December 2020 (almost 2 years now). That weekly RSI just broke below the trend line of support. That is in addition to the bearish divergence that I've...
Australian Dollar/U.S.Dollar was able to break the upper line of descending channel by the bullish marubozu candle. I expect the Australian Dollar/U.S.Dollar will go UP at least to the resistance zone & resistance line. 🔅Australian Dollar/U.S.Dollar Analyze ( AUDUSD ) Timeframe 4h⏰ Do not forget to put Stop loss for your positions (For every position you want...
USD – The dollar sank more than 1% against a basket of peers on Wednesday as weakening economic data firmed views that the Federal Reserve will slow the pace of its hiking cycle, sending the euro back above parity with the greenback for the first time in a month. CAD – The Canadian dollar weakened on Wednesday after the Bank of Canada raised interest rates...
MY MID TERM ANALYSIS ON DXY. Feel free to leave your honest take. I know a lot of stuff is going to happen with the FED etc, but blending out the noise and just looking at the charts, markets look ready to me.
I have just moved back to a 85% % net long the U.S. $ filled 109.70 And I am canceling any STOP yes NO stop
| Your time is precious so I write concise and precise, feel free to ask for more | We see good weakness sign in DXY which gives great signal for cryptocurrencies TO UP! So let's keep eye if the resistance does its job or not | Your time is precious so I write concise and precise, feel free to ask for more |
By checking the bitcoin chart, we can see that the price faced the demand pressure after the heavy correction of the dollar index and failed the downward scenario for now! As you can see, the price managed to break the resistance of $20,480 (BMS) and with a powerful move it was able to grow up to $21,000 (Fibonacci golden ratio) and an important level in the...
The TVC:DXY Dollar has broken critical support The dollar has broken down from its parabolic curve that has been intact since October 2021. We now have 3 daily closes below the curve indicating a significant trend change in the dollar. Risk assets are generally negatively correlated to the dollar. Therefore Crypto and the stock market tend to go up when the...
✅DOLLAR INDEX is trading in an uptrend With the index set to retest The long-term rising support line From where I think the growth will continue LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Based on the nature of the price action into the current weekly/monthly level of the DXY i believe it is likely that price will move off the level to the down side filling in weakness in price. I have highlighted multiple zones to the downside that are meaningful. Lets see! p.s this is also a good indication for movement in index, metals , and currencies ( THIS...
Hey tradomaniacs, so far EURO has been very strong since the market has recieved dovish tones from the FED as they are concerend about the current slowdown in the economy. Thoughts explained in the chart. Both scenarios can happen tomorrow!
We topped at the top of the long term channel into the 114.5 target . We now seem to be at the end of the correction at 109.25/109/55 . I will go back to a net long at 75 % at some time today .I will place a stop at 108.20 I am now looking for dxy to see a print at 116.10 plus if the I.T. is still in the bull phase I have targets now well above 120 ...
Following the downside drop of the TVC:DXY index that shows the strength of the Dollar, FX:NZDUSD has been trending to the upside. similar to its correlated pair FX:GBPUSD . Will this hold for the long term?? let's wait and see. my view is bulls will control the markets for the NZD/USD to the 0.6200 level. ITS A GOOD TIME FOR A BUY ENTRY. RISK REWARD...
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* !! This chart analysis is for reference purposes only !! If you want to...
📅 Date: 10/14/2022 ➡️ Trading instrument: DXY 📊 Priority direction: SELL 💬 Comment: The focus of attention for today on DXY is a large range of 109 - 114. The price at the time of writing this trade idea is right in the middle of this range. The entry point is not the most comfortable, it is much more conservative to consider trade at the upper or lower...
10.26.22 It's important to frame the dxy in order to have a way to charge the price action with more objectivity. Obviously, objectivity can be difficult to define, and even seemed not objective at all depending on who is doing the analysis. But it's worth a try, and then you test it so that you can improve. So I'll show you how I would look at the dollar... to...
Just a bear zone working its magic. Fib ext zone in progress. Fibo