is due for a reversal after a health run-up. the 13th of February 2024 is the probable date for a reversal.
Hello friends, I hope you are doing well. We have a 4-hour time frame on the radar chart. After its upward trend, it was in a neutral trend for a few days. This range and the support area that had prevented the price from falling many times have broken down. Currently, by hitting the 4-hour demand area, it has moved upwards again, but because the general view is...
Rejection from the dynamic swing line to the other one. Using fib level as a support and the dynamic lines and then the channel's median line.
As depicted on the chart, following the bullish spike and channel formation, we anticipate a trading range. The strength of bullish candles and the weakness of sellers bolster our confidence in DXY's upcoming rise.
In the video I go through the timeframes in a top-down analysis, starting all the way from the yearly timeframe, down to the hourly timeframes. I share my thoughts on what I am looking for in order to build a bias for taking new trades. The key indicator for me is the creation of new Fair Value Gaps (FVGs) and the disrespect of previous Fair Value Gaps....
Considering that the dollar index is on the line of its long-term upward trend in the weekly time and also that the euro is in the resistance of a medium-term channel, it seems that we have a short-term correction in response to this resistance.
It seems that the dollar index is in the support zone and we will probably have an upward correction in the weekly time frame
Hey guys, Crude oil came down recently, which can help inflation to come down as well if energy market will continue to decline. In fact I see nice bearish pattern, so my assumption is that US yeilds and USD can be trading at resistance. In this video I will also look at the chart of the 10 year US yeilds where I see greater chance for a drop to 3% rather than...
INCOMING.........DYOR - short term high taken - bearish orderflow - OTE bearish OB
✅DXY is going up now And will soon retest a Horizontal resistance level Of 104.200 at which point I think the index will be overbought Thus a local bearish correction Is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Pair : DXY Index Description : Impulse Correction Impulse Breakout the Upper Trend Line of the Corrective Pattern " BULLISH CHANNEL " in Short Time Frame According to ELLIOT WAVES , It has completed " 12345 " Impulsive Waves and Corrective Waves " AB " HEAD & SHOULDER as an Corrective Pattern in Long Time Frame
Great Case Study on the DXY from this recent push up. Now that we've cleared this most recent daily trend line to the high side, I'm expecting either a retracement after tapping the December High or continued dollar bullishness through Q1 until we reach higher. With rate pause to hold through March, we might see the dollar extend this bullish rally until we get...
The US reported a gain of 353K jobs in January, nearly double the expectations of 180K. On top of upward revisions worth 126K. Wages rose by 0.6%, double the expectations, and YoY they are up 4.5%, smashing estimates of 4.1%. Excellent data meant a straightforward reaction, with minimal reversals and an ongoing extension. The US Dollar is up, Gold is down, and...
The FED left rates unchanged as expected and removed language talking about potentially raising rates – also fully expected. The hawkish twist came from a comment on waiting to be more confident about falling inflation. That sent the USD up, risk assets down. Then came Powell with a dovish comment – he signaled the Fed only needs a continuation of data, not...
By examining the 4-hour chart, we can see the liquidity formed above the current price and below the bearish order block. So we can expect the price rise to collect the liquidity and start the bearish move from the order block to the liquidity void. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
The Dollar Index is currently fluctuating within a range, and the latest rise has been stronger than the fall. As a result, I foresee another increase, aiming for at least the previous high.
This week's focus is on the potential for a minor retracement in the DXY (U.S. Dollar Index), highlighted by a noticeable bearish divergence when compared with the 10-year Treasury yield and the 10-year T-Note futures. This divergence is particularly significant as it suggests a weakening momentum in the dollar's recent uptrend. While both the 10-year Treasury...
TVC:DXY (U.S. Dollar) Up, AMEX:SPY (S&P 500) Down: This relationship seems to be on track again. The parallel uptrend continues for the DXY, with the DXY making a bullish move today. A break above 103.57 and a close here with bullish consolidation may indicate bearish sentiment for stocks.