Traders, Since 2009 the dollar has remained under this purple trend line. Today we do battle. This is the moment of truth! A cross above it (unexpected) would be bearish for our U.S. stock markets. If we stay below? I expect good things in the next several months.
Will the "M Pattern" continue to play out? So far, so good!
US dollar bulls have seemingly halted their accension as they wait for the U.S. inflation data that is due this Tuesday. The market is predicting that August's headline CPI may edge lower by 0.1%, further strengthening the case that US inflation has peaked. Even so, it is said that the US dollar has priced in an 85% chance of a 75-basis-points rate hike from...
After the EURUSD reached and broke below parity, an analysis of the situation is in order. Last week, the euro failed to close above 1.0320 and the 50-Day Moving Average, presenting a potential bull trap and setting up the opportunity for short sellers, as illustrated by the orange circle. Although the pair broke below the parity on August 22, a decent...
US dollar is pullback to broken trend line after 5 week bearish move and ready to drop again. US economy shows signs of peak inflation and it will satisfy the federal reserve to rate hike 0.5 percent in September. So, Dollar index will week after this and its time to short it. Trade safe. Good luck.
Rising Wedge is apparent on this Weekly timeframe Rising Wedges like to act bearishly The bearish breakdown once it occurs should push price to the green dotted horizontal
N.B- In this situation DXY chart create ab=cd pattern. So, market need to seems BUY correction Up to 107.300 resistance level. Then Market fall to 106.150 & 105.400 Support level.
In this situation DXY chart create Bearish butterfly harmonic pattern. So, market need to seems sell correction 107.3000 & 106.650 support level. If breakout 108.620 resistance level then market will go 110.00 level.
In this situation DXY chart create Symmetrical Triangle pattern. So, market need to breakout and Waite for candle conformation. If breakout 104.800 resistance level then market will go 105.500 level & if breakout 103.850 support zone then market will fall to 103.600 level.
dxy usddollar i think it will rest for a very short time and came into range mode then fall to the downer zones
The trend a bit extended but I'm keeping the same target of my previous idea.
DXY is in ascending channel since 31 May 2021. USD is losing its momentum. Stoch RSI and RSI shows weakness. Tom Demark count gave red 1 on the weekly chart. I expect further decline. Prepare for weak USD in the coming weeks/months.
In this situation DXY chart create Symetric Tryangle Megaphone Apex. So,If break out 99.00 risistance Zone then market goes to 99.200 & 99.400. If breakout 98.400 support zone then market goes to 98.00 support zone.
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⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
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Prices are on bearish momentum. We see the potential for a dip from our sell entry at 12215 in line with 78.6% Fibonacci extension towards our Take Profit at 12178 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Prices are trading below our ichimoku clouds and also RSI are at levels where dips previously occurred, further supporting our...
We maybe seeing the sellers kick in fully in the next coming days... I personally cant wait to see what the sellers and buyers do at this point been amazing trading in the 2022 season so far.