In this video, we conduct an in-depth analysis of the DXY (US Dollar Index). Our focus lies in deciphering the pronounced bullish trend observed on higher time frames. Throughout the video, we explore prospective price targets and trading opportunities, delving into trend assessment, price action, market structure, and a conceptualised trade proposition. Please be...
DXY finally broke out of the bull channel it has been in since July of this year. A strong bull response off of the 30EMA brought the price back to the bull channel. We are now waiting to see if the price can re-enter the channel, or if it fails and confirms a breakout to the downside. Key Points: 1. Bear breakout of the Bull Channel, waiting for...
hi traders as i can see a very simple view on Dxy chart that the bullish move is still going to complete the given level if we watch deeply in the chart the DXY holding a strong support zone with a strong data of CPI & NFP with FOMC meeting minutes then its an easy target for incoming days Kindly share ur thoughts via comment session... stay tuned for new updates
US dollar is currently on the rise, dancing in perfect harmony with the surging US yield! The US dollar has been flexing its muscles lately, gaining strength against several major currencies. This upward trajectory has been propelled by the impressive rise in US yields, which have been climbing to new heights. It's a fantastic opportunity for us to capitalize on...
As it is clear from the chart the DXY is going upward after taking out the sell side liquidity and the current target is 107 and 107.4 for the bullish trend now
In a year when the US economy beat all recession forecasts, budget ferocity has nearly doubled, and weak budget guidance has been found to be almost more lethal than interstate budget wars. faction in Washington. The government decimated $2.02 billion in the fiscal year through September, after adjusting to remove the impact of President Joe Biden's student debt...
DXY oct 23, 2023 While many are expecting a more pronounced decline of DXY I am actually expecting more upside. Here is why: - Will start with a current price position from the monthly and will travel on to smaller timeframes as we move along. - Monthly - On the monthly DXY has broken out of a Bullish Flag structure it had formed from Dec 22- Aug 23 -...
Dollar index provided impulse, correction and we now expect the next impulse to be launched
Federal Reserve Chairman Jerome Powell said that although inflation has cooled, the Fed remains committed to achieving its 2% target. In a speech in New York on October 19, Chairman Jerome Powell acknowledged that tightening policy had brought inflation back under control, but stressed that the Fed must remain cautious in pursuing its goals. . “Inflation remains...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Federal Reserve Chairman Jerome Powell is scheduled to deliver a major policy speech on October 19th. The aim is to convince the market that the relevant central banks will continue to keep the inflation regime in check, but perhaps not, and that there will be some "easing" going forward. The first monetary policy plan was submitted to the New York Economic...
Dollar looking Bullish again after taking out Previous Day's low and having a MSS for a potential run on Buyside Liquidity residing above. What this means Risk ON for Foreign Currency Pairs such as EURUSD, GBPUSD going lower attacking Sellside.
Am still seen the bullish side of the dollar and waiting to catch some moves in the rally to come
Economists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession. In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle...
Gold prices fell on Monday, but reversed after rising safe-haven demand led to a series of strong gains in the yellow metal as attention remained focused on the potential impact of the crisis. War between Israel and Hamas. The yellow metal saw some profit-taking after rising more than 5% last week as the outbreak of the Israel-Hamas war sent investors to safe...
Dollar Index is now ready to resume its rally as we filled the bottom of the expanding flag at 106.30 though it could drop 106.20 but from now on am looking to short on E/U. I expect DXY to take out the high which is 100 pips target.
At least 30 US citizens died in the Israeli-Palestinian conflict According to CNN, on October 15 local time, a US State Department official said at least 30 US citizens were killed in the conflict between Palestinians and Israel. The official said the United States is "cooperating with the Israeli government on all aspects of the hostage crisis, including sharing...
DXY refused to fall below 4HR 200EMA support last week and had a fantastic bounce to the upside. This bounce solidified the current bull channel we are in, with no sign of a reversal in sight. There is currently a gap between 106.672 and 109.000, which is the next weekly resistance zone noted from July 2022. How do we trade this? Probability shows that breakouts...