❤️MY FOREX TEAM❤️ INFORMATION Gold price is set to finish the week with losses, even though has recovered some ground. According to the daily moving averages (DMAs), XAU’s is upward biased, but since reaching $2088 on December 28, it has printed successive series of lower highs/lows, opening the door for further downside. If XAU/USD prints a daily close below...
Daily analysis: As the price has been closed above the D-BSL & W-FVG, & situated between D-FVG, so if we get any daily closer above the D-FVG-CE (105.048), Then we are going towards the D-BSL- 106.006 level. Daily Bias: Bulish
DXY recently had its massive rally to the UPSIDE which imo is a CORRECTIVE MOVE. We are expecting DXY to make its first LEG down this week or have its FULL DROP next week. How does this information about US DOLLAR help? IF USD goes DOWN, xxxUSD rallies UP. It is important you understand the US DOLLAR before engaging in any xxxUISD pair. How do we FRAME the...
Potential bullish London Swing Counter Trend play.
The directional bias was perfect. The price traded to the monthly FVG as expected
The #DXY is currently exhibiting range-bound behavior within a broader bullish trend on higher timeframes. While the overall bias remains positive, current price action does not present a compelling entry point for a long position. My strategy involves two potential scenarios: 1: Breakdown Scenario: A break below the current range support would provide a...
Pair : DXY Index Description : ELLIOT WAVES - " 12345 " Impulsive Waves and " AB " Corrective Waves Completed Retracement for BREAK OF STRUCTURE BEARISH CHANNEL as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement FIBONACCI LEVEL - 61.80% Divergence in RSI
Weekly Analysis: The price has been rejected and closed bellow form the W-FVG, So we could anticipate that the momentum is bearish, but as there is another W-FVG- Level(103.941-103.817) formed. This w-FVG could act as a support. So the momentum will be in consolidation until we have daily closer bellow the W-FVG- Level(103.941-103.817). Weekly Bias: Neutral
HELLO TRADERS Hope everyone is doing great 🛑 A look at DXY ahead of the day 📌 DXY 4H TF * Looking at DXY from the 4H we see a break above BSL * Swept BSL but traded back into the range with some bearish momentum. * If we see momentum back into the range i would be looking for shorts. * Looking for some short ideas on the dxy. * Especially because of that body...
HELLO TRADERS Hope everyone is doing great 🛑 A look at DXY ahead of the WEEK 📌 DXY WEEKLY TF * Bulish sentiment still in play on the weekly TF * Violated the bearish FVG * Tested and rejected from this PD ARRAY * POSIBLE BULLISH CLOSE FOR OUR WEEK DXY D TF * Looking at DXY from the DAILY TF we see a break BELOW (SSL) which are Monday lows. * Swept SSL...
is due for a reversal after a health run-up. the 13th of February 2024 is the probable date for a reversal.
The US Dollar Index (DXY) has shown signs of a potential bullish continuation after breaching and closing above the previous week's high, overcoming a significant supply level at 102.750. This bullish momentum followed a two-week consolidation period, indicating a potential shift in the market sentiment. Last week's bullish close and the successful breach of the...
The #DXY has been trending upwards, rallying late last week before pulling back. A potential long trade might emerge if the price finds support during this pullback. Higher timeframes show a consistent bullish trend with higher highs and higher lows. We're looking for a buy entry around the 50%-61.8% Fibonacci zone, but remember, trading is risky. This analysis is...
Weekly Analysis: In the last week PA had a very good consolidation above the W-IFVG, & Its acting as a support here. So in the up coming weeks we are going to touch the W-BSL level 104.263, nested in the W-FVG. Weekly Bias: Bulish. Daily Analysis: The last week PA had a very good consolidation & the D-IFVG worked as a good support level, so as long as we are...
Weekly Analysis: As the price has been not been touched the W-BSL yet so we can anticipate we are going to hunt the W-BSL(104.263). Weekly Bias: Bulish. Daily Analysis: As the Price has been closed above the D-BSL, So in Monday we can have a downward move, after that we can anticipate that we are going higher towards the W-BSL(104.263).| Daily Bias: Bulish
Decoding the US Dollar Index: Navigating Wave (V) with Thrills Since the economic tumult of 2008, the US Dollar Index DXY (USDX) has been on a captivating journey, tracing significant waves on its chart. As of now, it stands on the precipice of unfolding the final leg of this larger movement, marked as the thrilling wave (V) on the weekly chart. Weekly Chart...
Given that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the...
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