Please don’t be tricked into thinking it time to buy the dollar by looking at some of the pairs. If we dig into the DXY everything is lining up for a rather large sell-off. I am expecting a pullback into that structure and trend line before the sell-off. My bias for the USD base pairs is still bearish and I advise you to keep this in mind too.
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Price is currently being rejected at resistance so we can look for sells on the lower time frames, but once broken we can buy to the next level of resistance marked on the chart
Be aware that this is on an uptrend but you can scalp a profit off the 1h or 30m
As you can see from my previous charts analysis was correct, price couldnt break resistance so we were looking for sells on the lower TFs now price is testing resistance and should break through so we look for buys
With this happening the USD is gonna dump all over the place so look out...
The key is the fractal in the blue rectangle. The analysis shows that the fractal sequence in the yellow square has the same size. This includes the magnitude of the main trend and the magnitude of the correction amplitude. The first major difference is the blue rectangle. This is more important. In this rectangle, fractal modification occurs. Thus, the size of...
The exchange rate may build a declining fractal. Its size may be the same as the size of the first fractal. If the theory is correct, the exchange rate may drop to 96.96 usd.
My previous analysis has pinpointed the short entry point and possible direction of movement of the dollar index (USDOLLAR). To continue this analysis, I dedicate the current forecast. The figure shows a fractal sequence. I look forward to repeating this. At present, the first part has already been reproduced, clearly. Therefore, I have reason to believe that the...
