DXY 1D timeframe, long to 0.5 fibo (107.8) Double bottom in 1D
After last week played out perfectly with the news manipulation, the big upside impulse on NFP friday makes the following weeks very interesting with clean price action in sights, the green zone around 102 would be a nice low for the week to then continue the upside movement to the weekly FVG it is currently in, maybe have a bit of a battle at the top of that...
1. i expect suddenly up after fake <-- already start 2. bearish is also possilbe scenario x 3. expect bull but long~~~~ term bearish expect scenario Y
One can only assume a trend continues until it doesn't. After the dixie ran the lows I therefore am expecting a bearish retest. A support held above retest zone should lead to continuation of bullish price action. I am targetting the 97 levels as support.
The dollar was an unclear market for the last two weeks, but it looks like it is going up after the NFP news on Friday. We are expecting good opportunities next week. IA.
Price has swept the buy side liquidity and now i want to see a retracement to the ODB and the FVF then look for buy setups.
The DXY has printed a reversal candle and is on the way to an engulfing candle I think that a possible bear trap in the markets is likely Bullish divergence on the RSI And Vumanchu vs price and a breakout of the trend line
DXY moving to the upside due to the interest hike by the FED, it means USD getting stronger, look for bullish for USD Pair at least for a week. USDCAD - Bullish - as USD Strong, CAD (USOIL) will be traded to the south due to the slow demand as Operational Cost will be increased (USD). USDJPY - Bullish - JPY so sensitive with the interest hike
DXY still waiting for upcoming 31 Jan FOMC Meeting , to either continue bearish or back into bullish pullback !
Brent, I did a "Special US Dollar chart" for you ;-) Battle of bullish and bearish forces in play on quarterly chart. Still in "good zone". #fintwit #dxy
Hindsight is always 20/20....It seems so obvious now that the dollar bounced. The bulls should be nervous. If this turns into a 3 bar surge on Monday we could see a nasty sell candle in the SPY & QQQ.
Dxy has had enough for the downside for now , consolidation in play for the short term = 103.50-103.75, break above this zone then 104.60-105.10. Price will be volatile in the short term and upside resistance between 103.50-104.00, Once this price has been exceeded then next price zone 105.00-106.00 will become resistance. Enjoy your weekend
In this analysis DXY impulsed out and broke-out from the huge period of consolidation on the higher time frame, now we want to see a continuation correction like a flag.... etc.... get ready to scale it to the top which means i'm going to observe some DOLLAR pairs for some sell momentum for e.g pairs stay tune #WHAT ARE WE EXPECTING: we need a lower time...
DXY & ES1! - Starting to look like a Pull Back in markets, Including Crypto. DXY bouncing off major support ES1! could be printing a Bull Trap so Keep an eye on it! BTC pulling back taking the whole Crypto market down as a whole. Yep that's right! Bitcoin runs the show in Crypto but there may be some smaller caps that will not get the memo.
DXY is moving like expected... But isn't tranquilo and showing strenght... I don't like the volatility... If it stay calm from here, we will get some air for the market and make clean #trades... The supply zone should be the zone to reverse...
Posted 1 thing on #DXY since the quoted post Was just observation Normally would've said that #DXY was done BUT held back because something didn't look right $UUP shows $ coming in last 2 days $TNX & 2yr #yield support held WEL Pumping actually #GOLD #SILVER #Crypto #stocks