mrs_E

mrs_E

Aiming 103+... Dxy toke some strong hits. Now it looks is going to hit back. Confirmation needed. Trade safe

mrs_E Updated 

Dxy took a strong hit today after the release of consumer confidence index today. The 107.7 level may hold for a while just a small possibility for retreace. After it will melt to 105, or maybe 102 before again retesting 114 level.

mrs_E

Dxy seems to have retraced to the 0.5 Fib level. Will it react and push back tomorrow? Was today a price in of the Fed speach tomorrow? Shall wait and see, and prepare for both scenarios.

mrs_E

Looks like Euro is finding support to resume its uptrend after an not that enough expected retrace. DXY MA indicator has turned bearish as well in the 4H time frame. First target 1.036.. Not a financial idea

mrs_E Updated 

DXY has reached the 0.382 Fibo level at 105.5 and is reacting to the support provided by it. As expected we have Core CPI release data today and high volatile price action is expected. Forecasted numbers are bullish for the DXY but we need to wait and see how the market will absorb them. It has been 4 days of losses in a row and is time for a retrace at...

mrs_E

It looks like the weekly supply area is keeping usd afloat. Will it have enought strength to touch the M formation serving as resistance in the weekly TF? We have to have patience and wait for the market to decide. I'm side way watcher currently. I'll wait 🧐

mrs_E

Target 1.009 . Chart has all available thoughts . Good luck and keep trading carefully

mrs_E

Hiting an Rsi of 24 on the monthly was a non brainer time for a retreace. I wasnt expecting a so strong one though and not today anyway. Time to learn from the market and wait for when the other possibility appears. Now is time to wait patiently.

mrs_E

Monthly time frame suggests a retrace, maybe? This is why Dxy is struggling to move forward? Thought?

mrs_E Updated 

Eur retraced during the Us publishing data today and looks both ways waiting the NFP tomorrow. Looking for TP as per chart details.

mrs_E

Its printing a W formation in the weekly , and perhaps a double Top. Not interested in buyng$ in the current market conditions. 🧐 Closely.

mrs_E

Market shorted DXY at the previous high @109.2 . Most of Usd shorts went for GBP longs. The DXY weakness was misreaded as strength in the Euro front. To me , whales went long on GBP, retail went long on Euro. To me DXY will weaken and GBP will raise to 1.2 , reason for that , is M pattern in the weekly timeframe.

mrs_E

Dollar index has been in an broading acending chanel since February. After touching the lower line is now headed toward the 114 level. That means strong bearish impulse for the Euro that could lead the latest to its lowest level of the decade. However divergence is looking on the horizont , so I'll be very careful but also ready to trade it

mrs_E

It has been quite some time that the Gbp has shown a downtrend trading around 1.18-1.21 area. It broke a strong descending trend line, retested it and than back down again. It looks is forming a double top on the daily confirming the short move. High trading volumes meaning the market is interested in this move down. However will it go lower than 1.17?

mrs_E

The price shown some wickness but was able to find buyers at 1.177 area. I want to se a daily closure at 1.176 and lower price around 1.17-1.173. I'll long GBP only if it reaches my price point and only if i see strong DXY rebound.

mrs_E

Waiting for the pair to reach my buy in price for longing the Gbp next week. Retest of the W neck formation on the daily. Short term short. First target 1.18, second target 1.176. 🧐🧐🧐🧐

mrs_E

Euro seems to have found temporarily support on the acending trend line from July 19. For the moment bullish impulse looks being headed toward 1.027. Watching closely.

mrs_E

Euro tried to raise yesterday by almost touching 1.03 level resistance but not enough strength to break it. As matter of fact declined almost immediately. Today we witnessed a retrace , and now has resumed the down trend. Short, first target 1.003. Not a financial advise. Good luck