I would not necessarily listen to certain You-Tubers who write-off important momentum indicators like Stochastics & RSI. My observations of both is that they are wonderful at telling me what is overbought & oversold. When a commodity, currency or stock is in either of these phases, massive & fast swings in price can occur as price comes out of the overbought...
HELLO TRADERS. As I can see DXY on smaller TF creating H & S pattern we are looking for it to test the downtrend line once in 2024 and then all the way down its just a trade idea has a look on our previous analysis share Ur thoughts with us, we appreciate Ur love and comments. Stay Tuned for more updates!
The New Zealand Dollar (NZD) is trading bearish against the Japanese Yen (JPY) at 87.386 on Friday, October 27, 2023, following comments from Japan's Chief Cabinet Secretary Taro Matsuno that the Bank of Japan (BoJ) is expected to conduct appropriate monetary policy. Matsuno's comments come amid rising expectations that the BoJ will eventually tighten monetary...
hi all HIGH RISK and possibility an unsuccessful setup **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Hi all from the weekly chart, the price high and low are almost retracing 0.618%. Additionally, the Federal Reserve is aiming to lower inflation to 2%, thus we had a pennant pattern break low, which I see as contradicting. I therefore expect to see a cpi y/y below 3.3 in this week's upcoming release of the CPI data, which could result in strong...
usdx has made a sharp bottom in my opinion it has completed an impulse move and now a corrective move in a down trend it can go up to the retracement levels marked on the chart however it has to be remembered that this is a corrective move only not a start of an uptrend or any impulse move so have to plan accordingly 101.5 on the downside is a key level until it...
Hi Tradingview Family, Shaquan here. Today I noticed the Dollar Index(DXY, USDX) made a new low. What this tells me is the sellers still have control and it's time to look for another selling opportunity on USDCHF while buying EURUSD. I'll be going live on Trading-view at 8:00 pm EST. tonight to cover the in detailed analysis while sharing with you the 10 tools...
What should happen to see USD index on 113 bro? Just look within next few month..
Based on the latest bullish USDX analysis, on top of that, the price couldn't brake the Ichimoku cloud and we are witnessing a decline in price and another bearish trend.
This is the U.S Dollar Futures contract expiring in December. I usually use this in Forex but lately the crypto market has been moving like the Forex market so i might as well drop it in here so you can use this information to analyse for the 4th Quarter of the year. Below the chart, there are 2 panes (the 1st pane indicates the Commitment of Traders report and...
USD remains one of the stronger currencies in this period of uncertainty in the FX markets. The US Dollar Index, that had reached a two-decades high earlier this month, has broken the resistance of its Falling Wedge pattern on the 4H graph and it is returning to its upper trend. If this trend continues, the Dollar Index might try to test again the level of 105....
US dollar bounced back from his stron buying zone ,now approaching to his strong selling zone, after confirmation at selling can take short trade with stoploss above selling zone handsome gains.
- Looking for temporary Dollar weakness in the form of a retrace to below 100. - Followed by next impulse leg up on negative GDP-news - Fundamentally a US recession is looming - US slump will translate to a cooling world-economy - This will trigger risk off and with it Dollar strength - Volume profile shows strength in upmove - After the high volume is falling on...
Hi guys! Good way to hold a long with USD till 103.5 but it can looks stronger till 106
Good US reports and technical inidcators are probably to push USDX to test 94.00
USDX may be looking at a trend reversal to the upside. A doji just formed near support, more confirmation needed but overal sentiment is bullish.