My bias is still higher prices for the DXY. CPI on 12th Oct 2023 further confirmed this bias with large displacement to the upside. I have 2 areas where I will be anticipating a bullish continuation to the upside for the DXY. 1. A 4-hour iFVG Sibi nested with a Breaker Block and a large Liquidity Void. This is my first choice and is where I believe we will not...
📈Bullish Bias Next Week 📈 🟢Weekly IRL Taken 🟢Strong H4 Bullish Reaction from W-IRL 🟢Looking for Longs into Weekly ERL 🎯Targets: 107.348 & 107.993
✅The DXY Index has completed a Falling Wedge Pattern in the 🟢Heavy Support zone($105.80_$104.530)🟢 and 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD+) between two consecutive valleys . 🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴 Resistance zone 🔴. U.S.Dollar...
The Fed has raised interest rates 11 times since March 2022, but inflation remains well above target and U.S. central bank officials are taking more aggressive action than in the past. This is thought to be due to a lack of monetary policy adjustment. When Federal Reserve officials say their long-term inflation target is 2%, they are referring to the percentage...
There has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates. Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in...
✅The DXY index managed to break the Uptrend line and 🟢 Support zone 🟢. 💫Currently, DXY reacted well to the Resistance line and formed a 💫Shooting Star Candlestick Pattern💫 near this line in the 1-hour time frame ⏰. 🔔I expect the DXY to trend lower in the coming hours , enter the 🟢 Heavy Support zone 🟢, and fall to at least the 🟡 Price Reversal...
Earlier this week, the safe-haven dollar strengthened against the euro as military clashes between Israel and the Palestinian Islamic militant group Hamas raised concerns that the conflict could spread beyond Gaza. However, the dollar weakened against other major currencies. Yesterday, Israeli Prime Minister Benjamin Netanyahu said Israel's response to the...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴. 🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago. 🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰. Do not forget...
Bond yields have been on the rise lately, and this trend may continue in the near future. As a result, it is crucial to approach the situation with caution and consider the potential opportunities it presents. The correlation between bond yields and the US dollar is well-established. When bond yields increase, it often attracts foreign investors seeking higher...
I bring you fantastic news that will surely make your day even brighter. The upcoming job report expect to have an impressive addition of 150,000 new jobs, coupled with a lower unemployment rate. This remarkable achievement will set the stage for an exciting journey ahead for the US dollar! The US economy continues to demonstrate its resilience and strength, and...
The dollar is very important to understand through 2024 because it is your primary market driver on dollar pairs with its position as the world reserve currency. During times of economic global turmoil, even though the US economy may be facing weakness, if global economies are facing weakness then the dollar will still hold appeal from a market perspective as a...
There are several factors that could contribute to a sharp increase in the value of the US dollar in the future: Strong economy: If the US economy is doing well compared to other economies, it can boost confidence in the US dollar and attract investors. Strong GDP growth, low unemployment, high investment and innovation may be factors contributing to increased...
The dollar is keep on the rise while the FED Pause there Hikes. So we wait this zone 108 for filling its 4hr GAPS. But tonight More FEDs member speech. ISM later 10pm asia . This is my view and my top of the DOLLAR. only this month ranging around 108. Trade at your own risk. Follow for more ...This idea is base
The U.S. Dollar Index had a bullish Q3 and has been bullish month after month. There is a bullish bounce off the EMA ribbon with $101 acting as a strong support level. I believe DXY is headed towards the top of the Bollinger Band with wicks forming above at approximately $112-114 (marked by the white circle).
🏃♂️The DXY index has been moving above the Uptrend line for more than 2 months . ✅ The DXY index managed to break the 🔴 Resistance zone($105.8-$104.5) 🔴 last week. ↘️ In the last week, we saw the DXY pull back to the 🔴 Resistance zone($105.8-$104.5) 🔴. 🏆Today, I analyzed the possible trend of the DXY Index for the coming week using the 🏆Holy Grail...
Pair : DXY Index Description : Breakout the Upper Trend Line of the Consolidation Phase and Completed the Retracement. Completed Impulse and Corrective Waves " ABC ". It has Breakout the Upper Trendline of the Corrective Pattern Falling Wedge in Short Time Frame
The dollar index still bullish and I'm still expecting it to head higher next week to take the highs 106.840 and maybe even higher from a long term perspective, we are maybe going to see a retracement into the FVG and then a push higher .