Investors await the Fed’s meeting minutes tonight at 22:00 (Dubai time). The minutes are expected to indicate the Fed’s reasoning for its higher-for-longer stance on interest rates, which are currently at a 20-year high within the range of 5.25%-5.50%. Markets will also be searching for signals that may clarify when the Fed will begin rate-cutting, especially...
dxy will pumb to 110. sell EURUSD for long term invesment.
Triangle formation is now apparent for the dollar index (H1 Timeframe). A breakout to the upside might trigger an upward movement towards the 105. A breakout to the downside might trigger an downward movement towards the 104.4 or even at 104.10. Fundamentals: Possible high interest rate differential in the future that could cause the dollar to gain strength...
🔴 Here are the most notable developments: • Many statements by Federal Reserve members were issued during the week, giving the dollar support in the market in general, or at least preventing it from falling further. • Including the statements of Federal Reserve member Loretta Mester, who said that a one-time drop in inflation will not encourage us to reduce...
It is expected that the current correction process will end in the specified resistance ranges and we will see the beginning of the correction process. If the index crosses the red resistance range, the start of an upward trend is likely
Expectations for the US Dollar Market from May to August 2024 May to Early July 2024: The US dollar is anticipated to remain strong, with the market reaching a high of 108.459 by July 1, 2024. First Three Days of July 2024: After peaking, the dollar is expected to decline, potentially dropping to 105.785 by July 25, 2024. Stay updated with our forecasts to...
Key Focus For Today: EURUSD - SHORT 1. 4H double top is anticipated before a much longer term sell off takes place as per the daily high value area. 2. Targeting 30M ERL lower into 1H POI. 3. Still waiting for 30M POI (IRL) to be mitigated before entry confirmation and short position execution. Disclaimer: Trade Responsibly! These Trade ideas are my own and not...
Hi guys, In this video I go through what are "seasonal tendencies", and how you can implement it into your analysis and strategy(ies). Seasonal tendencies in the context of financial markets are basically what the particular market or asset has historically done throughout the years in terms of bullish or bearish movement. For example, in April-May the US...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
this is very tricky and I'm not sure but it seems like FED and HedgeFunds are playing big trap game.
TVC:DXY The Dollar Index is at the lowest level of the uptrend. Let's see how you react on this important point .... If the upward trend continues at this level, it will continue and we have good upside potential, if we cannot hold this position and it falls and the upward trend is no longer valid and then we look for sell opportunites
After a small correction I can still see the DXY in Long.
I keep seeing it higher. We still have an unclosed weekly GAP.
The USD decline settled into key support last week at 104.15/36- a region defined by the December high-close (HC), the 38.2% Fibonacci retracement of the December rally, the measured head-and-shoulders objective of the April breakdown, and the 200-day moving average. Note uptrend slope support also converges on this threshold over the next few weeks and the...
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...
This seems rather logical and most likely the final run higher before what looks like multi year reversal
DXY D1 chart Looking for a rally in price as price is trading at the Swing @103.901 taking into account the amount of selling pressure coming into the market at this price area as LTF traders are looking to take sell trades expecting price to breakout of this swing and continue dropping to lower price levels. We are long and targeting the recently formed swing...