DXY confirmed its breakout from the bull channel to the downside and is currently showing some minor support at the 200EMA. I would expect the price gap from here to the 9EMA at 105.000 to close followed by another leg down. We have to be careful to not get caught in a 2 legged trap, which is also a possible outcome at this level. How do we trade this? Wait...
TVC:DXY manages to pick up extra pace and extends further the bounce off multi-week lows around 104.00 on Thursday. In case bears regain the upper hand, the breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.61 prior to the weekly low of 102.96 (August 30). In the meantime, while...
TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday. The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key...
#DXY The dollar has reached the reversal zone (Harmonic Enlightenment pattern) The decline prediction fails with a daily close above 108.14. Otherwise, we wait for the green targets The "Butterfly" pattern is a technical analysis pattern used in trading, including cryptocurrency trading. It is a specific type of harmonic pattern that traders use to identify...
The US dollar was barely changed in early European trading on Tuesday ahead of the latest inflation data that could determine the direction of US monetary policy, while sterling rose as investors British workers continue to benefit from healthy wage increases. At 3:10 a.m. ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other...
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.
Hello dear traders, In the global gold market, on the 1-hour timeframe, we are witnessing a downward trend where the price, after forming a bottom at 1931.5 and making an upward spike, indicates the possibility of forming a price pivot. We have two scenarios for the movement of gold: 1. If the trendline is broken, we expect further price growth. However, 2. if...
Hi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after...
Hi guys, this time i bring you all a Dollar analysis, where my direction is bearish if the yields really throw it down with the SMT Divergence, I'm bearish because we closed under the Weekly Inverted Fair Value Gap and also we have an OB which is really strong even though it has a lot of liquidity in the upper part, but still, im expecting to see DXY going after...
USDJPY is going to reverse soon IMHO. I do not exclude we could see some stop hunt, reaching 152.500 level. 153/153.500 is a good Stop, target is around 500+ pips, near 146.000
As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution...
This chart shows the 1hr analysis I have landed at. Last weeks analysis played out rather accurate and ended at the final spot I predicted as we ended bullish for the Euro. I see the geopolitical news being a factor that the dollar is getting beat up the way it is, as well as Gold on its move last week, there wasn't much give for the Dollar. I have several...
Overview of my DXY sell idea. I have been following this for a longtime but i've decided to share it. Technically my chart explains itself, but fundamentally the US economy is in a very bad shape, increased government borrowing and on the brink of a debt default, inflation, war, all this is affecting the US which hasn't fully recovered from the coronavirus...
In my previous post on DXY ,i mentioned how i expected it to move up a tiny bit in wave c of Z before starting to tumble. Well, from the fresh piece of evidence available it seems like that the expected tiny bounce failed which in Elliot wave terms means that wave Z has truncated. That also means that the first leg to the expected downfall towards 93-94$ mark is...
Dxy is going through a critical period, after several weeks in a row it lost a bit of its price, the ultimate test, that is, the neckline was finally broken and now it seems that it has room to go down. I have mentioned the important areas. The FED meeting in December can help DXY in a comeback if this will be a Hawkish meeting, but at the moment December is quite...
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.
This morning, the USD on the world market dropped sharply in the international payment basket. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, reversed and fell 0.69% stronger than the previous session, to 106,150 points.
As I posted in Mind, I am waiting to break the barrier of 1.05861 to go up on another strong support of 1.06520.. Hopefully my analysis will be correct again