Dollar decline for next two months The decline of the US dollar, also known as "dollar depreciation," refers to the decrease in the value of the United States dollar relative to other currencies. Several factors can contribute to such a decline:
1. Inflation: When the US experiences higher inflation rates compared to its trading partners, the purchasing power of...
The Dow Jones is now reacting off my area of interest I am now expecting the Dow Jones to start swing bearish
Confluences
-0.618 bearish fib
-0.27 bullish fib
Incline trendline
Decline Trendline
Rejection point
London Session
rejection candlesticks
I expect a double top at the top of this up channel that can be plotted
This allows for a larger slanted inverted H&S structure to be formed in the process.
Bearish at top of the channel.
Last week failed at the low, then took short term buyside. I am willing to short from above one of the daily short-term highs, but I am finding longs more attractive for now.
I'd like to see a play on internal range liquidity where the two BISI(D) are stacked with the BPR(M) low before getting long this week.
Going to be looking for 1-2 opportunities/day...
The Dow Jones has recently breached a bearish flag pattern, leading me to anticipate a shift towards a bearish trend following nine consecutive weeks of bullish performance. There are several factors aligning to suggest that the Dow Jones may embark on a downward trajectory. Meanwhile, the outlook for gold appears favorable for long positions, signaling a...
Price is reaching the top of an up channel
I expect this to act as a rejection point for price as my current analysis. I have made other analyses in the past that differ from this but this is my latest thoughts.
Staying within the channel is the most likely scenario.
An inverted H&S pattern on the daily timeframe
The more thick green line is a strong trend line and should be held
I expect the right shoulder to recover bullishly
Hello Guys,
This week might end the dollar bullishness as I speculate that Friday 'could' be the last bull run before the bearish move starts...
If you look at the daily chart of the dollar index, you would notice how price was manipulated to get people to sell the dollar only for it to reverse and rally. This rally, however, should continue.
It would be nice...
After the exaggerated drop in the DXY last week following a marginal miss on US CPI, the USD has regained some of its poise. The DXY has returned to 101, a level which provided solid support through most of H1 23. A rebound in US yields has likely played its part in the bounce-back, as equity markets remain elevated suggesting little or no ‘safe haven’ element to...
USDOLLAR is still unstable. So the area below can be visited faster than the upper part. My short entry will be here with a sl of 40 pips and a RR of 1:4.Let s see!
We will be looking for pullbacks now as the USD is looking oversold on both the Stochastic and RSI. We continue to believe that the USD is in the early stages of a structural decline, and that its move lower may not be linear. The most recent break in the USD’s recent trading range, to
the downside, gives us increased confidence in this view.
To watch this week on the USDOLLAR , a long possibility with a RR of at least 1:4 I m waiting to have my entry on 12642 with my T1 on 12743.Let s see !
I anticipate an impending retracement for the Dow Jones index, as it has recently reached its target of 12,756. We should begin witnessing a decline from this point onwards.
The Dow Jones index has recently established a new lower low, and I am awaiting a price break below 12,745, which would further confirm the bearish sentiment.
Hello Guys,
As I have stated most times that at some point, the dollar will rally and reach higher prices.
I suspect we have gotten to that period. I will insert my previous analysis for this.
With this view of the dollar rally, I would be looking out for USD pairs that have a good structure in alignment with the dollar rally.
Pairs like: USDCHF, USDSGD &...
US Dollar Index...
This is not sell or buy signal. Never risk more than 1% of your account on any position. And don't forget to have more than 5 confirmation for any trade!
We're looking at DXY today and we can see that price is forming a sort of elliott wave structure - with wave 4 potentially recently finishing.
A break of 12856 which is a major overlap support could trigger the bearish acceleration down towards the 12801 level.
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