Hello trading friends, Bitcoin is still in the short trend also with the small increase candle we have seen to around 33K trend. Bitcoin has an important zone 33170+ to get confirmed into uptrend area, as long this not happened, bitcoin will return into breakdown trend. There are 2 important points of confirmation and it means not just a price hit. First are...
🏛EUR_USD is trading in a downtrend In what some might call a falling narrowing wedge I think that the pair will keep falling in this "wedge" Until it hits a key support, after that We will see a breakout and a bullish correction LONG FROM SUPPORT🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! AUD-USD is falling in a local downtrend But the pair has almost reached a support cluster Of the rising support line and the horizontal key level Which makes me bullish And I think we will see an upward movement soon Buy! Like, comment and subscribe to boost your trading! See other ideas below too!
🏛EUR_AUD is trading in a bullish flag pattern While a local horizontal support is below IF we see a flag breakout to the upside A bullish continuation will follow LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello Traders. We have DXY hit a weekly order block and and fill in a fair value gap on Daily yesterday. With CPI news today I anticipated we'd see a weak dollar and flip bearish.
As I track BTC, I also track DXY as they are closely correlated. The DXY is due for a big retracement to the bottom of the diagonal triangle. This will give a strong push to BTC on the way up. I now target at least the 42 k level for BTC, and midterm, the 58K...needs to break a few resistances before I turn completely bullish. I still think we will go to 22k after...
This is a USD index I created. I use these to help gage currency strength when looking for a pair to trade. I have more of a neutral bias for the dollar right now. Waiting to see how price action plays out. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
After this morning's insane inflation print (YoY CPI of 5.4%), the Dollar (DXY) is being heavily bid (again). We just saw a rejection at the wedge this morning for the 4th time in a month. It's been a bumpy ride, but if the wedge is recaptured on broader market weakness, our 2H target remains 95+...
With everything going on in the news - to long to list, this is my long term price prediction with the dollar index.
Hello traders, Dollar Index In 1 hour time frame, dollar index chart based on Elliott and channels, it can be said that wave c is over from wave 4, and this means the end of wave 4. And now wave 1 is forming from wave 5, but now we can not say that this wave is one of the subgroups of wave 5 or the microwaves of wave 5 itself. With all this explanation, we expect...
*Markets have likely turned a blind eye to domestic factors for many pro-cyclical currencies over the past few weeks, with global risk dynamics driving most losses. This was the case for NZD too. *Markets are almost fully pricing in a rate hike by year-end from the RBNZ, which is now looking increasingly likely. 1Q GDP jumped to 2.4% YoY (exceeding expectations),...
*The RBA has continued to buck the hawkish trend of peer central banks as a small tapering of asset purchases (from AU$5bn to AU$4bn per week) was accompanied by a reiteration of the 2024 forward guidance for the first hike at the July policy meeting. *A shift in forward guidance to 2023 looks likely before the end of the year, but markets are already pricing it...
*The loonie has been caught in the crossfire of unstable risk appetite and the impasse at the OPEC+, but is still counting on a solid set of fundamentals (as emerged from the latest jobs data). *The worst of the data-flow affected by the spring flare-up in Covid-19 cases in Canada is likely past us, and the fast vaccination roll-out is offering hope for a summer...
*In the UK the focus is very much on the full re-opening of the economy despite rising case numbers. Here the government thinks the link between getting Covid-19 and hospitalizations has been broken by the vaccines. UK activity data is actually softening a little now, but full-year growth is still seen near 6.5%. *BoE Governor Bailey has poured cold water on...
*Instead of settling into a low volatility of summer carry, investors seemed to have been spooked out of widely held positions. At time of writing, summer carry trades are being unwound, with EUR, CHF and JPY all in demand. The market is even starting to re-price the Fed cycle lower – withdrawing support for USD/JPY. *Carry unwinds tend to be short, sharp...
Having been bearish on the dollar since April 2020, this month we feel compelled to outline a more positive medium-term scenario. At the heart of this is the likelihood that the Fed’s exit sequence from ultra-loose monetary policy is more compressed than they would have us believe. ING now sees the first hike in 3Q22. The earlier-than-expected Fed tightening...
🏛EUR_AUD is trading in a bear flag pattern on 1 day timeframe And I think that after reached the horizontal resistance The pair will break out of the flag to the downside And begin a new bearish leg move SWING SHORT🔥 ✅Like and subscribe to never miss a new idea!✅