U.S. Dollar Index
Looks like Dollar Index completed the correctional movement and ready to go down again. I see a bearish flag pattern with a confirmed violation of its support on 4H. The market may reach 104.2 soon. ❤️Please, support my work with like, thank you!❤️
EURUSD has turned bullish short-term on its 1D technical outlook (RSI = 59.604, MACD = 0.002, ADX = 30.311) as it rebounded before the 1D MA50/200 test. This is making a LH, same way it did on March 21st, again after holding the 1D MA50/200. Similarly, the 1D RSI us on the MA period. A rejection today validates the fractal bias of happening again. In that case, we...
hello guys... do you think usd dollar will become weak? I think the price is on QML now and it will do some corrections! however, it is not a strong Quasimodo pattern due to the head location! so the price will start an upward movement until the MPL level! MPL level will make the price some (just a little) correction and then the price will go to 1.27$ level...
The EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This...
👋Hello Traders, Our 🖥️ AI system detected that there is an ICT Short setup in USDCHF for scalping. Please refer to the details Stop loss, FVG(Supply Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our...
Just like USDT Dominance, US Dollar Index (DXY) has a somewhat inverse correlation with Bitcoin's direction. If we look at the DXY historically, whenever the DXY was in a downtrend or sideways movement, Bitcoin was in an uptrend. Also, whenever the DXY was in an uptrend, Bitcoin was in a downtrend. Simply put, if the DXY goes up, that means the U.S. dollar is...
Bias is Bearish. Looking for price to close below 104.00, forming -FVGs along the way.
Stops and liquidity have been hunted above the resistance zone, suggesting that gold (XAUUSD) can continue its downward trajectory towards the $2315 level. The chart shows a bullish trendline, and a break below this trendline will serve as a confirmation for initiating sell positions. This break would indicate a shift in market sentiment, reinforcing the bearish...
USDCAD based on daily data is conveying a significant increase in short positions -- and buyers/LONGS exiting. Expect some series of descend (downside) from the current price point. Spotted at 1.36 TAYOR Safeguard capital always.
Simple trading - Bearish Pattern 1: Slanted Head and shoulders Bullish Pattern 2: Ascending Triangle Always a risk when taking trades and this is one of the biggest. Will BTC continue its rapid uptrend or will it make another major pullback to the downside? Bears: H&S pattern is not completely invalid yet. If BTC continues to create a higher high or move...
Key Points: Sell Entry: Consider entering a short position around the current price of 1.2750, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2720 2nd Support – 1.2680 Stop-Loss: To manage risk, place a stop-loss order above 1.2810 This helps limit potential losses if the...
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...
The Strong Rejection of the Downside below 0.6400 has been tempered by the FOMC minutes and stronger US Confidence data and the AUD/USD has pulled back from 0.6700. Support has been found at 0.6590 and we are currently on Front Foot into 0.6630. Aussie has a couple of risk events with Aussie Retail Sales Tuesday which were weak last month and then the Monthly CPI...
Here is my latest structure analysis and important key levels to watch and trade on EURUSD next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
US30 is creating a really interesting pattern. We could be in an impulse/diagonal - Both of which follow similar rules. Wave 2 was a clear flat correction = 335, which broke out upwards of 23%! We are seeing a similar correction to wave 2 now. Typically wave 4 retraces atleast to the 38.2 fibonacci level. This is where we'll have our buy zone. We want to see 5...
USDCAD is neutral on its 1D technical outlook (RSI = 50.081, MACD = 0.001, ADX = 32.778) as it formed a Lower High yesterday and today got sold aggressively. This is a Channel Down since the April 16th High, which having broken under the 1D MA50, has confirmed the continuation of the bearish price action. We expect the 1D RSI to at least hit the 30.000 level, as...