Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 100.844. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 101.825 level. P.S We determine...
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Starting this week as always with EUR/USD, we saw a drop as we predicted last week, clearing liquidity and taking out the last major low. However, we haven’t hit our area of demand, meaning this area is still in play, as shown on our chart. A new area of demand has formed, and there is liquidity below the low from which this new zone has emerged. Based on the...
In this video I detail out why I believe we will see a significant crash on Bitcoin, dig into the mechanics of how a drop to $10,000 is possible, talk about the US Dollar and macro ideas for Bitcoin, and summarize my trading ideas and why I am anticipating its a good trading opportunity. Any questions or comments, please feel free to ask or leave your own input....
Its about DXY in a high timeframe analysis. the price is currently at a critical daily level and is indicating signs of potential rejection from this level. Considering this analysis, here are some key points to take into account: 1. **Critical Daily Level**: is significant as it may act as a strong support or resistance point for the DXY. 2. **Rejection...
We had a triangle pattern on the dollar index in the weekly timeframe that was broken. The index can pull back to the lower limit of the pattern and then reach the weekly demand.
Usdchf trade idea ,, if market give bullish move then we enter trade but make sure there is bullish enfulging candle in support area
Considering how bullish the weekly candle has closed, I do not believe that Gold has not topped yet. I think Wave III is close to completion, meaning a Wave IV correction should follow next week during the FED data, followed by a final bull run of Wave V towards the $2,600 mark!
✅DXY is going down to retest a horizontal support of 100.500 Which makes me locally bullish biased And I think that we will see a rebound And a move up from the level Towards the target above at 101.388 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Gold is going parabolic and typically that doesnt mean a good thing. Now there are many reasons this could be rallying and likely a combination of the few. - Fed Rate Cut - Geo political tension - Weak Fiat currencies - Currency Crisis - Weakening economies In a time where gold enters these monthly extreme RSI moves it typically signals a good time to start...
originally posted here . 102.500 DXY in the coming weeks? The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions. Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market. This divergence in data is likely to put pressure on...
While U.S. economic data hasn't been stellar, it's still holding up well enough to support the dollar. Intra-week price action (8/26/24 - 9-6-24) reflects this, with strong upward movement indicating a continuation of the bullish trend. Keep an eye on key support levels and potential pullbacks, as this bias could persist heading into the coming weeks. Blue ATR...
Completion of the correction of the dollar index DXY The dollar index has completed its upward correction and now we are waiting for a downside downdraft on the Fed on the 18th of September. In fact, the currency futures expiration has now passed and the gap that you see in the quotes is caused by a large divergence of forward point, that is a purely technical...
Welcome to our daily DXY prediction! We made our analysis today using SMC and ICT trading theories, which, combined with our trading experience all point to the downside. So we are locally bearish biased and the target for the short trade is 100.823 Wish you good luck in trading to you all!
Within my Account Management service (The Gold Fund), I have been buying Gold since $1,600's for my investors. We have been holding for nearly 2 years now & cashed out partials profits along the way. We still have much more upside to go towards our $2,800 target. We will look for a TEMPORARY retracement, then look to buy more.
Pairs on Watch - GBPCHF NZDUSD EURUSD A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 101.006. Taking into consideration the structure & trend analysis, I believe that the market will reach 99.601 level soon. P.S Overbought describes a period of...
On the 4-hour chart (4H) of DXY (U.S. Dollar Index), the price is currently in a downtrend, indicating a strong sell opportunity. Sell Levels: 101.200 - 101.500 The price has reached a potential selling zone between 101.200 and 101.500, which is acting as a resistance range in the current bearish trend. This is a strategic area to consider short positions as the...