Hello Traders ! On Wednesday 22 May, The Dollar Index reached a resistance level (105.123 - 104.915) and failed to break it! Let's expect the bearish scenario: If the price breaks and closes below the higher low We will see a bearish move📉 ------------- TARGET: 104.210🎯
The tide may be turning for the US dollar. After a period of strength, investors are growing less optimistic about the greenback as recent economic data suggests a slowdown in the US economy. This shift in sentiment is reflected in positioning data from the Commodity Futures Trading Commission (CFTC), which shows a net short position on the dollar for the first...
Today's Trade Summary 📊 2x Trades Taken (1x Win & 1x Break Even) 📈 EUR/USD failed to gain enough momentum when the NY markets opened, so we closed for break even to protect our profits. XAU/USD (Gold) hit TP 1 for a 98.5 pips move, with all profits taken off the table at this time of writing, equating to a 1:1 Risk Reward gain. 💰🏅 I still expect XAU/USD to move...
hello everyone, DXY has been bullish with all the positive USD news.. at the moment dxy reached the resistance level the price can either pull back to 1st or 2nd support depending on the market.. buyers can kick in since all pairs are falling against USD (mostly all major pair).. so far there is no confirmation on price being bearish... price need to break below...
Selling USDSGD here, price is at supply. Only issue with this trade is price dipped into weekly demand. However, I'd expect price to retrace back into the demand before firing up to weekly supply.
🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
We expect the euro to decrease against the dollar according to the chart
This is my view of gold. The analysis fails by closing below 1850 GOLD/USD
Based on the chart, here are the reasons why I would consider buying the dollar index: Uptrend Resumption: The dollar index has been in a steady uptrend since the beginning of the year, and after a brief correction, it appears to be resuming its upward trend. Buying into this momentum could be a profitable strategy. Support Held: The index has bounced off a...
due to various uncertainties and market turmoil us economy is facing major challenges, today market is going to spectate 4 major FOMC members speech and market expects major volatility. with the us dollar fluctuations the market also faces challenges in volatility of usd pairs especially xauusd. dxy major support and resistance are given in the chart...
Scenario 01 : if the Federal Reserve raise interest rates : Probability of this to happend is lower in my opinion but could happend somehow 1. *Dixie (USD Index):* Typically, when interest rates rise, the value of the dollar strengthens. This is because higher interest rates attract foreign investment, increasing demand for the dollar. So, the Dixie would...
short term bullish, late summer / autum bearish. expecting a run to 10549-106 region before a decisive move, possibly to the low 102 region.
USDx looks bullish for the coming week, all xxxUSD will short, get ready for the wave!
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 105.100 zone, DXY is trading in a downtrend and currently is in a correction phase in which it approaching the trend at 105.100 support and resistance area. Fundamentally the recent CPI data was quiet soft and didn't exceed 0.3. Trade safe, Joe.
Updating my TVC:DXY predictions: 1. Everything hinges on carry trade with Japan 2. Japan is raising rates until they resubmit to negative interest rates this summer 3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency. 4. I...
Dollar Index TVC:DXY on the cusp of making a major move TA speaking ; (100.8 or 110) - To the upside starting currently by jumping at 200EMA and breaking recent highs within pattern while facing strong resistance just above on Range Ceiling(105) and last Highs of 107(ChoCh). - Either falling off a cliff headed in to re-visiting Range Bottom of 100.82...
The dollar index #DX1! respected its previous downtrend and the News about CPI (Consumer Prices) today helped with this movement to the downside. Will the Dollar continue its Downtrend or will change its Direction to the Upside? CPI m/m Actual: 0.3% Forecast: 0.4% Previous: 0.4% Empire State Manufacturing Index Actual: -15.6 Forecast: -9.9 Previous:...
HS operantly forming. I opened a short position. I'm not waiting to break down the neck I think it can do it at any time. SL if a daily candle closes above the right shoulder.