We have DXY pegged for Bullish continuation.
I believe DXY is carrying a HTF Momentum to the upside.
It has made an incredible recovery since its Ranges Low at $99.578
And it does not seem to be losing steam.
I see DXY making some sort of retracement with a possible bounce around $104.561, to continue its path with a series of UP closing candles all the way up to $104.790 and the possible yet far $104.480.
Why is this important?
DXY upwards continuation will affect all assets including forex and equities.
For example: I determined NASDAQ Bearish inclinations based on the Dollars path.
See: www.tradingview.com/...tember-for-Equities/
This is not only going to translate to NASDAQ but as said above it will affect all. There will be more ideas linked to this particular movement.
Stay tuned!
I believe DXY is carrying a HTF Momentum to the upside.
It has made an incredible recovery since its Ranges Low at $99.578
I see DXY making some sort of retracement with a possible bounce around $104.561, to continue its path with a series of UP closing candles all the way up to $104.790 and the possible yet far $104.480.
Why is this important?
DXY upwards continuation will affect all assets including forex and equities.
For example: I determined NASDAQ Bearish inclinations based on the Dollars path.
This is not only going to translate to NASDAQ but as said above it will affect all. There will be more ideas linked to this particular movement.
Stay tuned!
Trade active:
DXY with a much deeper retracement than anticipated yet still within measured move.
Will begin to look for upside confirmation moving forward, if we do not see this then it is possible DXY intends to create Lower Lows and we will see a deeper retracement.
Still for not we like the reaction and looking still for more upside....
Will begin to look for upside confirmation moving forward, if we do not see this then it is possible DXY intends to create Lower Lows and we will see a deeper retracement.
Still for not we like the reaction and looking still for more upside....
Trade active:
I was not really expecting this deep of a retracement but there you have it...
Dollar is still bullish BTW
Comment:
Dollar show signs of retracement was not expecting dollar to reach this down in its retracement, yet it looks like it's for the time being consolidating in this area. And Price Action will point towards a higher target. Still I will refrain from touching dollar or any of the inverse pairs at the moment, till we see a clear path.
Comment:
Comment:
Taking its sweet time...
Comment:
Trade closed: target reached:
Dollar initially gave us a deeper retracement than necessary but good indication on what to expect o other assets...
always a great thing
always a great thing
Comment:
Well we killed the 104.790 for sure
this week we saw some unexpected price action
Dollar took a lower dip than anticipated yet met its mark
We will see what next week brings
this week we saw some unexpected price action
Dollar took a lower dip than anticipated yet met its mark
We will see what next week brings
Good thing we were expecting it lol