DXY remains the “asset” and the most important chart to watch. Next supports on the daily chart are 109,987 / 108,318 / 105,126 . A pullback to the 105,126 area would provide a serious boost in crypto assets.
Hello trading community! Well, I think the market has been waiting a long time for this drop. I've said it for a long time, this is that every trend has an end and a new beginning. Despite being manipulated by different players, markets are inherently immutable cycles. Technically, the US dollar index has been making lower highs since its high of 114.8, showing a...
#DXY Dollar Time Frame - M45 IMPULSE CORRECTION IMPULSE Completed will again Follow IMPULSIVE WAVE ( Bullish ) According to Long Time Frame #LTF - ELLIOT WAVE " 123 " Wave formed will Follow Long to complete " 4 " In Short Time Frame #STF It has completed ELLIOT TRIPLE COMBO " WXYXZ" Wave will make ELLIOT DOUBLE WAVE " XYZ " Rejection from the Previous Strong...
1. Parabola broken 2. 3 ascending scallops pattern complete 3. Target 102 *Should give a boost to stocks and Bitcoin
USDCAD experienced bearish pressure to break the trendline and hit 1.36070. Price has retraced back to the trendline/pivot and faced some rejection suggesting continuation of the bearish move. Initial target is 1.35180.
Is it able to re-enter the channel it left earlier and stabilize above 20800?! Although it is possible, but I don't think so. You should focus on DXY. It determines what will happen to BTC! Although in opposite direction
DXY still in correct Phase. Price action around the support level at 108 will give us an idea of how long this rally will last in Stocks and Crypto.
USDCAD ended yesterday with a strong rejection after checking the level of 1.37460. Currently, opening a short trade is high risk because trading is at the support level. We need to wait make a lower high again, you should enter short trade / wait for bearish action price/. If USDCAD can make a new lower low, it's expected to down.
I think DXY may lose some ground in the next few weeks, to where no one knows against NOK there seems to be one of the clearest patterns a descending triangle, confirmed by the volumes on NOK Futures I expect a clear break below 10.40 and confirmation volumes on the futures, even if on the descending triangle they are not essential
the markets are still all inversely related to DXY, so it's useful to see how it performs, whether or not it holds 110 on September 28, October 13 and October 21 there were huge dollar sales, higher at the time of the covid highlighting positivity on speculative markets, which could continue if the DXY does not hold 110 although in my opinion, we are still in an...
ATLX formerly known as BMIX is in this parabolic growth curve. Volume has been increasing steadily over the past year or so, lots of buying happening from what I see. I think this stock has a lot of potential. This is a great cheap entry point in my opinion. Also ATLX has acquired some land right next to Sigma Lithium Corp. which stock is valued at almost $40....
DXY There will most likely be an upward movement from this level then there will be a downward movement.
The US dollar collapsed off of increased risk-on exhuberance after housing price data and earnings reports from Coca Cola and GM, which the markets interpreted as a possible sign of a Fed tapering. We have smashed through the lower bound of the range at 113.66, then 113.37, which we anticipated to hold as a lower bound. We traversed the entire vacuum zone, and...
Wonderful confirmation of my long call yesterday as Gold not only respected and held the MA50 Daily(1,646.71) as Support but broke now above the 4H MA200 (1,670.30) for the first time since October 09. My end-target remains the MA50 Daily (which is now at 1,688.77), just below the top (Lower Highs trend-line) of the Lower Highs since the March 08 2022 high. But...
#EURJPY - EURJPY currently has an UPSIDE BIAS. XXXJPY CURRENCIES are being BUY very fast with JPY WEAK after the INTERVENTION. The reason is that the JPY INTERVENTION has become PRICE. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going DOWN, XXXJPY CURRENCIES are BUYING fast now with JPY WEAKNESS. Perhaps the EURJPY 151.00...
Am I gonna be the only one who’ll be excited for the next massacre? I
EUR/USD resistance is 1.0054 and 1.0112. Support is 0.9926 and 0.9891.
#XAUUSD According to the analysis we gave to XAUUSS earlier, GOLD went up very fast by BREAKING the TREND LINE, due to which US10Y went down. We have some very important NEWS coming to USD this week. Be sure to keep an eye on it. So we have to wait a bit until we get them. Anyway, with US10Y UP, GOLD is going down a bit now. Either way we expect GOLD to...