DXY can see some correction to the upside and reach 102.5 or even climb up to 103.5 before September 18, 2024, which, most probably we'll see the first rate cut after a long time. So be patient and wait for this week's NFP. Check out my post on June 11 to see how DXY followed our yellow scenario. 😉
The US dollar index, technical analysis compared against the seven other major FX currencies(AUD, CAD, JPY, CHF, GBP, EUR, and NZD), is at a strong resistance level, with RSI momentum levels close to being overbought. Fundamentally and based on the analysis of various economic indicators, the US dollar appears to be leaning towards an inflationary bias, but...
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Should I Short USD? Yes or No? If yes, then how? If no, then why? The question is simple, but the answer may be complicated. Therefore, we will dive into the macroeconomics of the American economy, with consideration given the most significant factors influencing the value of USD. > OBSERVATIONS 1) Since March 2020, USD appears to have lost approximately...
Buy NZDUSD at 0.5669 Target 0.5816 stops below 0.5640 Use proper money management. As I said earlier the big boys are shorting the dollar.
On the daily chart of the EUR/USD , the completion of a bullish divergence is observed today. Euro has reached a 50% correction to the downward impulse on January 14-28, 2022 and the resistance level is around 1.1313. These and other factors of our trading strategy give a signal for the growth of the Euro. We believe that the first wave of this growth has come to...
King dollar is about to pee his pants. Impulsive move counted on the downside basically right after it was announced that congress printed 1.1 trillion for the infrastructure. Currently it costs $1.20 to pay for $1 of goods and services. This means that whatever money printing we do now is actually a negative. We just finished a little correction up...
Updating the last post. BTC going down as spotted, healthy correction. Touched the second zone I had market today and it started to have some minor pullbacks, specially if you check the 4h chart. My expectations for BTCUSD is $43.7k as a good dip to add more buys, it's already at good price, everyday it is a good price if you're holding long term with the...
Completing a BAT pattern its time to have a long position on EURUSD
January we saw a steady grind higher in US equities until this week. This week felt very much like a repeat of last month, but the sell-off this time was bigger and faster. The market commentators are already speculating that this could be the start of a major correction in equities. The driving force? A rapid fall in long-term US treasury bond prices. Bond...
Hello friends, Here is a fairly bearish pattern that could associate with the massive push for QE and relief bills. Plus, the erupting unemployment rate doesn't look good for the US. It's a race to hyper-inflation! Thanks for reading!
the Weakness in the Dollar index might continue in the near term, after Donald Trump refused to start the stimulus program we saw a bounce in the DXY index. after that a weakness started to show which put pressure on the USDCAD and retraced down from 1.3340 to 1.3240. however the USDJPY is still holding. reaching a 4 month trend line pressure we might expect some...
Dollar index is going down to the nearest support line.