- Seasonally AUD is strong in DOC - Seasonally USD is weak in DEC - Institutions bought below 0.6250, looking for 1000 Pip Mark Up - Seasonal target is 0.7250 before USD gets strong again (in JAN) - Correlation: NZD is leading, AUD is lagging - COT confirms the move higher
These are levels that I'll be keeping an eye on when dealing with $DXY, and I'll revise as price action progresses. I adapt to the change in money flow.
We move past US payrolls with only a momentary shake for risky markets - the immediate reaction was to buy USDs, sell Treasuries and equity, however, the market was quick to reverse that flow. When we drill down into wages, revisions and the balance between the Household and Establishment survey, the wash-up is it supports the ‘soft landing’ argument and won’t...
The US Dollar Index is argually on one of the strongest falls in history and this long term chart does its justice. The emphatic rejection in September was outside of the long term Channel Down but on the 1.118 Fibonacci nonetheless. The technical target is the 1M MA50 (blue) line where a multi week break below could repeat the 2002 - 2008 mega correction....
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. For those who know me, I always keep an eye on DXY to feel the overall market (stock, crypto, forex) As per my last analysis (attached on the chart), DXY rejected the upper bound of the brown channel and traded lower. Now What? and why you need to be prepared? As we all...
Getting into a short position. Pretty clear bearish channel forming with a clear strong downwards tendency due to the retracement and inflation of the American and Worlwide economy.
The USD index recently topped and reversed, it was killing every other currency except the Russian Ruble! (fancy that huh!) A new down-trend channel was formed and this was broken at the start of December 2022 Could be easy pair trades here on FX against the USD but possibly wait for a pullback and watch for the flip in direction, it's definitely hazardous...
DXY is still making its way down to meet support so that it can resume its up-trend.
Midterm forecast: 20.621 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 20.621 is broken. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A trough is formed in daily chart at 20.860 on 11/28/2022, so more gains to...
Markets are constantly seeking balance, even if it looked huge at early stages ,, it will come back around ..
Hey traders, As I predicted, EURUSD bounced after a retest of a broken neckline of an ascending triangle formation. Next week, the price will most likely go higher. The next goal for buyers will be 1.0585 - 1.0655 supply cluster. Good luck next week! ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
as we can see on my chart audusd was on a long bearish trend before going bullish which resulted in a rising wedge pattern so therefore a bearish trend is expected to begin soon my advice to my followers is to look for sells. if my forcast was helpful pls like, share, comment and follow.
1hr retracement with 15min higher low , first tp is green line in the middle , 2nd tp is the top of blue box , expecting a big drop either at tp1 or tp 2
Eurusd has a rising wedge forming and a possible bearish trend is on the cards my advice would be for everyone to look for sells on eurusd. if my forcast has been helpful like, follow, share and comment.
Could be heading lower but do take note of this area as a key zone. price action wise is a bit undecided to have a clear break down. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on...
Has been on the downside since last rate news..bias still on the short side.. 104.5-105 should be a zone of supply and demand to watch.. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on...
This is the USDJPY pair on the 1M chart. The October rejection and subsequent deep red November may have come as a surprise to many but not if they've had been paying attention to this multi-decade chart that clearly shows the rejection was on a major, historic Resistance cluster. Before we begin, note that the October mega rejection was something we called for...
It is no big secret that the U.S. Dollar Index (DXY) is on a strong bearish reversal. It is something we've been warning the community about since September when we caught the exact top on the Channel and called for a massive reversal: What however appears to have confirmed the bearish extension is the fact that the DXY broke and closed below its 1D MA200...