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DXYDXY (Dollar Index) DXY - This is the dollar index against a basket of other major pairs. An analysis of this index before trading dollar pairs is highly recommended, as I know the general trend where $ is going, you can clarify the situation with other pairs. In general, as you can see the index is "nowhere". The past few weeks have been bearish for the dollar, so it is not clear whether the index will correct upward before continuing the downtrend, or whether the price will continue to fall without a correction. In any case, watch out for the two ranges that are 90.60 and 91.40. These are the nearest key levels where the price reaction will come from. Based on how the price will react at those levels, it will be possible to guess where the dollar will dive approximately in the coming week.
TVC:DXY
by Hudondonch
AUDUSD: two options for the development of eventsIn early February, the price bounced off the support zone of 0.760 and rose to the 0.797 line. After that, a fall began and during it a trend continuation pattern was formed - a falling wedge. Last week, the price left patern, breaking through its border at 0.762. After that, one could expect an uptrend growth by volume. The price has already reached the resistance zone of 0.780. Now it's worth waiting for the price to break through this zone or not. 1) if yes - we are waiting for growth to the volume of the 0.794 pattern. 2) if not - a fall to support 0.767. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
by UnknownUnicorn15614419
3
BFLY update.I had previously put this on a watchlist for going long. Now, I am actually thinking it's going to fall further. I thought at this point the wedge breakout would have occurred, and since buyers haven't moved in, I think it may be headed down further. I have seen similar setups where the wedge keeps getting tighter and tighter on the top, then finally no buyers are to be found and price plummets. I'm not saying this is going to happen.. but if market makers are trying to hide their intention to buy they are doing it strictly and collectively. I think I will steer clear of trading this, but I do enjoy a good case study, especially when it's not being done on me, so let's see what's in the cards.
NYSE:BFLY
by emehoke
1