DXY Dollar Next Move Technical Analysis Chart Update
DXY - DOLLAR
Time Frame - H2
According to the Pattern in Long Time Frame #LTF - Daily we have Bullish Channel and Rejecting from the Upper Trend Line #UTL
In Short Time Frame #STF - H1 we have Rising Wedge and If Breaks the Lower Trend Line #LTL and Retest then DXY will Fall
Break Of Structure
Selling Divergence in #RSI
If Rejects from 110.822 then it will Rise
If Breaks then Long Term Sell
USA
DXY - Dollar Next Possible MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
DXY still have Potential to maintain its Bullish Pressure
According to the Pattern " BULLISH CHANNEL " in Long Time Frame #LTF - H4 it can Reach the Highest ( 112.089 ) if it breaks the Current Strong Resistance Level
In Short Time Frame #STF we have Rising Wedge and it can make its Impulsive wave after breaking ( 110.785 - 111.060 )
Strong Buying Divergence #RSI
ABCUSD - Sell
USDABC - Buy
DXY - Dollar New Week MovementTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
In Short Time Frame #STF - H1 we have ELLIOT WAVES
Completed " 12345 " Impulsive waves and " AB " Corrective wave
Next move Sell to complete its " C " corrective wave
RISING WEDGE in Long Time Frame #LTF - Daily
Rejection from the Upper Trend Line #UTL and Retracement at Fibonacci Level - 78.60%
DXY - Dollar Next MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H1
BULLISH CHANNEL Pattern in Short Time Frame #STF - H1
Rejection from the Previous Strong #SUPPORT level
Buying Divergence #RSI
According to ELLIOT WAVES it has completed the #Impulsive Wave " 12345 " now it can Follow Up Trend to completed the Corrective waves " ABC "
DXY New Week MovementTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
" SYMMETRICAL TRIANGLE " Pattern being followed in Short Time Frame and We have a Clear Direction for Sell because it has Completed its break of Lower Trend Line and Retest
According to " ELLIOT WAVES " we can see that it has Completed the Impulsive Waves " 12345 " so the Next Moves are Correction " ABC " waves in Bearish Direction
If DXY Breaks the Current Level and Retest then :
ABC / USD will Rise
USD / ABC will Fall
The strong rebounce of bitcoinThis should be the strongest and final rebound of bitcoin as it going further down. My prediction will be 16k before the bottom is really bottom.
We already hit 18k, and it immediately rebound to 19k, which apparently is a cat market - dead cat bounce.
Still the economy is not stable:-
1. The Ukraine war is escalating or there are no way out still, the USA still sponsoring Ukraine with millions of support. And Russia had determine to turn off the gas pipelines.
2. The China lock down or so call communism close down policy. Is rather fishy and insane or not making any sense. To just selfishly contain economy within China and remain exporting goods to outside. This mean that, they can make your money and you can not even make theirs.
3. The economy of whole world is frozen by covid-19 for 2 years and just seeing it start to melt. The melting process take longer than expected. People do not want to travel due to safety or rigid process. And yet some country do not want you to visit them. It's just not going back to pre-covid era.
DXY - Dollar New Week MoveTechnical Analysis Chart Update
DXY - Dollar
Time Frame - H4
According to the Long Time Frame #LTF
EXPANDING DIAGONAL and it has almost completed the " 3rd " wave After Reaching the Upper Trend Line #UTL it will Reject
In Short Time Frame #STF we have Bullish Channel and its Rejecting to the Lower Trend Line to Reach its "3rd Impulsive wave"
We have Strong #Selling_Divergence in RSI
Wait until it Rejects or Breakout with Strong Price Action
BTC - Economic data will be released today. Watch out👀Today important economic data will be released:
🇺🇸 Non-Farm payrolls
🇺🇸 Unemployment rate
This is important as during such days market loses volatility as everyone fears to open trades before they know for sure what happens in #1 world economy.
If you look at the charts, we can see clearly that morning should have been bullish.
1. Volume at bottom as a sign of strength from buyers
2. Broke the trandline after long accumulation.
However, after trendline breakout there no significant bullish movement, meaning that players are not ready to enter the game yet.
It's better to wait until 08:30 GMT-4 and trade volatility.
Not having a position is also a position☝️
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Here's the move. US30 DJI LongWe'll drop to that 1M/1H FVG zone marked at the 31550-31500 Levels. Then off we go. It might dip slightly below 31500 to trap more bears.
AUD / USD Next Move 30- AugustTechnical Analysis Chart Update
AUD / USD ( Australian Dollar / U.S Dollar )
Time Frame - M30
We have BULLISH CHANNEL Pattern in Both Short Time Frame #STF and Long Time Frame #LTF as well
It has Breakout the Lower Trend Line #LTL and completed its Retest
We Need Strong Bearish Price Action for Sell
USDCNH breakoutPrice broke up this triangle📐 and I think there is chance for run to 6.92 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Resistances along the way
ENTRY : local high @ 6.735
STOPLOSS (SL) : local low @ 6.668
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 6.92
REWARD RISK RATIO (RRR) : 2.8
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Ever wonder what’s preventing the market from a massive crash?The answer is DEBT
Real GDP (Green) US Public Debt(yellow).
Look at how aggressively debt has grown from 1970 till today.
Just to bring this a bit closer home. It’s like constantly getting yourself in financial trouble yet the bank keeps giving you more and more credit.
If the government was an individual, it’s credit score would be less than 500. And even with a shitty score like that, they keep getting more and more into debt.
This is NOT capitalism. This is the part where gamesmanship applies.
The question becomes, what happens to our economy if the government didn’t bail out or print any NEW money for 10 years?
In other words, Be slightly paranoid when it comes to your investment philosophy.
Play offense, but stay alert.
BTC Daily - What to expect from GDP data today?As always, BTC is very stale on the days when fundamental news have to be released.
Today USA GDP data will be released to public which will provoke volatility across all financial markets
We can see that BTC accumulates power for more than 6 days, meaning that we have strength for an impulse up or down. Locally we are in triangle and trading near the upper level, seducing bulls to enter longs .
I advice you to wait until data, so you won't get trapped in unpredictable market. If you want to enter long positions, think twice as market already showed us a movement up in the morning
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DXY - Dollar Next Move 25 - AugustDXY - Dollar Technical Analysis Chart Update
Time Frame - M30
According to Long Time Frame #LTF it is Following BEARISH CHANNEL and Rejecting the Bullish Trend and Heading Towards its Lower Trend Line #UTL
If we Look Short Time Frame #STF we have SYMMETRICAL TRIANGLE with the Breakout of the Lower Trend Line #LTL and completed its Retest and Following Bearish Trend
Pairs Like XAUUSD , GBPUSD , EURUSD . ABCUSD can Follow Buy Trend
Pairs Like USDJPY , USDCAD , USDCHF , USDABC can Follow Sell Trend
ECONOMIC UNITED STATES GDP compared with Other NationsThis chart illustrates the GNP of the USA compared with others over a period
of several decades. The USA is on a much slower trajectory of growth than
all the other countries on the chart except Russia and Ukraine. This
includes the Eurozone, China, India, Mexico, and others. This trend
has been in place for decades. It makes for a poor prognosis for
the future of the US economically, no matter how much our politicians
and other influencers try to hide this.
MSFT Short position Much to the surprise of many investors, this month has seen stocks continuing to rally. A bullish rally can be identified using swing high and low underlying price points since the start of July. The golden dotted line presents this, indicating upward underlying price movements. During this period MSFT saw lows of $243 and highs of $293.
Currently trading above 20, 50, 100 and 200 day ranged EMA levels, the underlying valuation of the stock is suggested to be overvalued given that it’s trading above these averages. When trading above all EMA levels, investors should anticipate a correction, back in line with these moving averages.
When using a 1-week ranged Fibonacci investors can see that the stock is currently trading in line with its weaker 0.382 resistance level: a price of $293. Based on bullish momentum, we anticipate this resistance level to strengthen. We anticipate the stock to reach it’s stronger 0.786 resistance level: a price of $298. The investor should look to buy around this price. Once the underlying price of the stock reaches this point, it is reasonable to anticipate a correction towards its support.
Therefore, we have set a sell price in line with the 100-day ranged EMA and stronger 0.786 Fibonacci support level. The buyer should sell at $275.
DXY - Dollar New Week Forecast DXY - Dollar Technical Analysis Chart Update
Time Frame - H4
According to the Pattern it is Following #Bearish Channel it is Possible that it can Follow Buy Trend Because it is rejecting from the Good Lowe Trend Line #LTL Area and if breaks out and Retest it will Follow Buy Trend till it Daily #Resistance Level