Incredibles news in the last month or so surrounding CRYPTO and the stock market. SBF on the run, exchanges being investigated, even government officials involved. And what ticker constantly pops up? AMC Entertainment. Hidden shorts that have been burried inside shell companies that are now being exposed. FTX doesn't have any AMC shares on the balance sheets,...
The pandemic caused the dollar to strengthen, despite very low interest rates. There was a moment when it weakened, and that was at the very beginning, until January 2021. After that, it consolidated until June, and then only went up. Why did the USD strengthen, even when rates were around 0%? The crisis has the effect of strengthening the dollar, since all...
As you can see we got a rising wedge pattern which is going to be break downward soon!
A trendline helps technical analysts determine the current direction in market prices, but what happens when the candlesticks break it?
The DXY (US Dollar Index) broke last week below the 1D MA50 (blue) for the first time since August 11. Despite the drop, the 2022 Bullish Megaphone (or cylinder) is intact. However along with the emergence of a short-term Channel Down (Lower Highs/ Lower Lows), we see the 1W RSI turning on a Bearish Divergence as with Lower Highs and Lower Lows it is going against...
The EUR/USD encounters solid resistance near 1.0100. The pair's continuous jerk comes on the heels of the greenback's weak recovery, which tries to restore some equilibrium following the recent steep sell-off, as the prospect of the Fed slowing the pace of its tightening plans appears as the immediate threat to the buck's further gains. Investors are taking...
Hi, as per my analysis, FX_IDC:USDINR has created its top, my view is to short USDINR from current levels. Stop loss will be only 83.5800 and my down side target will be 80.910. Note: This is my personal analysis, only for learning. Thanks.
The USD index seems to start a correction. As shown in the attached image, the price is at the ceiling of the ascending channel in the monthly time frame. Currently, we are following chart to check the next possibilities.
i still believe usdindex is making leg E of an expanding triangle and leg E are the most noisy, sometimes difficult to spot, so, if this is the case it should fall soon, not sure when but is better to anticipate worst scenario to be allways prepared and lower risks.
Q. What is the biggest confusion you have ever had in trading and how did you solve it? #Financial Markets.... Applying Classical Charts Patterns On The Candlesticks Price Charts: Ans. Hey there, These are one of the most important Patterns which i have replaced the same principles on the charts. we need to apply the same on the price charts. These are found...
#DXY (Update) USD Bulls have been in Complete Control Since May 2022. In Weekly timeframe, DXY is Facing the Key Resistance & Struggling to Clear it. In Case of Rejection from here, Expecting a Massive Bearish Wave in Coming Weeks. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments...
We can conclude from the charts that..: - Capital inflows to the USD are very strong in terms of momentum, and we haven’t reached the first layer of targets yet, based on longer-term channel work. - This trend could last for several months at least, well entered into next year (Targets on monthly charts are pointing to July 2023). - Right now there is no sign of...
USDX close to a reversal. DXY will peak ~115. This is rising channel. Yesterday i posted that EURUSD will bottom soon.
Plenty of attention will be on today's FOMC meeting. Traders are looking for a ¾ or point increase from the Fed today, taking rates to 3.25%. This is what the market expects: anything more and USD positive, anything less USD negative. That's a simple look. The projections and the statement will be the key parts traders will be looking at. We all saw the market's...
Technical Analysis Chart Update DXY - Dollar Time Frame - H4 " SYMMETRICAL TRIANGLE " Pattern being followed in Short Time Frame and We have a Clear Direction for Sell because it has Completed its break of Lower Trend Line and Retest According to " ELLIOT WAVES " we can see that it has Completed the Impulsive Waves " 12345 " so the Next Moves are Correction "...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). #DXY Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
I think we have finished ABC correction and are now in the last part of the X wave. after this X wave, I predict that the USD index will fall to the areas shown. furthermore, we are in the upper area of channel down. Also, I have provided Fibonacci retracement of the ABC wave and now we are in the middle of that wave (50%). In addition, Fibonacci projections of X...
The printed money supply in the world is currently fed into the systems, consequence high inflation. Supply chains are healing but this might take some months until we're back in the game. Since the FED has no interest in sending the global economy into chaos, interest rate hikes will come to light again in the coming months and even interest rate cuts from 2023....