It is expected that the current corrective trend will end in the current support range and we will see the beginning of the upward trend
If the index crosses the level of 78.6%, the downward trend will continue
Hello Traders!
Do you see AMD?
December moving sideways.
January moving outside the sideways price action.
February may be a run to the high of the accumulation.
Seems to be in an ascending channel - as price comes to support could be looking to buy usdxxx pairs
Let me know what you think! Comments and/or suggestions highly appreciated :)
The Dollar index is extremely oversold and looks to make a bounce back up to 106-108. IF this happens $BTC and Stocks will dump hard. The $VIX has a gap to close at 18.65 and I believe it will before spiking back up again. Trade carefully friends and be open to changing your bias.
Since September 2022, the DIXIE has been coming down on a strong bear trend.
When this happens, the US Dollar weakens and many of the other currencies strengthen.
Hence you can see the EUR/USD taking off for the first time in months...
Anyway, technically the DIXIE is still showing more downside to come.
Technically, the price remains below 200SMA (Black...
Top down of dxy and us30, trying to keep discount and orderflow aligned. So much liquidty to target im pretty sure we are going to hit it this week. ive set out some poi's but price is still moving hard even at 9pm uk time so making it difficult to gauge.
Hello,Traders!
DXY is trading in a downtrend
But a very strong horizontal
Support level is ahead so
I think that we will see
A bullish correction
Buy!
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Looks like the DXY will get another haircut tomorrow...but don't despair, we will see a viscous rebound very very soon...perhaps starts on Friday! The CPI (more like CP Lie) will come in a bit less than expected...the pump will happen...and the DXY will drop to the Centerline of the channel...that is the teal colored dashed line in the chart below....the abouts...
I read something about if NATO directly supplies weapons to Ukraine it will be retaliated. Well US just announced it is planning on sending a bunch of tanks over which will cause war fears the dollar to spike and markets to dump.
Why do you think they're pushing inflation narrative so much? Because they know greatest deflationary crash is on the HORIZON. DXY may go above 160+. This chart should scare you but warn you they are planning something VERY BIG.
With the dollar beaking out of the trendline reaching my red resistance zone at 103.436 and 102.567 . And with the rapid pullback to my blue support zone at 101.911 and 102.000 , I'm now looking to take Long entry with SL at 101.680 and TP at 102.798.
Ps: If the Dollar respects the setup , I'm taking a second LONG entry after reaching resistance level at 102.865...
Likely last post for 2day
#Volatility was great!
$VIX did nothing, go figure😁
Leaving soon, airport
Won't be gone long
$DXY revving a bit just in time for $BTC to weaken a bit
#GOLD #Silver likely retrace a bit as well
#BTC #crypto
This is DXY climbing with a probability of 80%
Here we have a strong pullback at 50% fib and it is also major
I have specified the target and we expect a trading range, and the first target is now specified, if necessary, the next targets will be updated.
Conditions will be unfavorable for digital currencies
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![DXY: $DXY [W1] Is testing a broken wedge.](https://s3.tradingview.com/n/Nscy35K2_mid.png "$DXY [W1] Is testing a broken wedge.")
