DXY - Catch the NEXT xxxUSD massive rally DXY is currently on a SHORT-TERM bearish trend and right, all scenarios point to BEARS at full strength. We expect the next impulse leg to happen around the
Baseline when this criteria is met, we expect LONG opportunities on xxxUSD pairs. Do nothing until DXY is ready.
INVALIDATION
iF DXY manage to fix ABOVE the Previous Week High level, wait for a pullback to exit LONGS on xxUSD
TARGETS
If the SHORT gets triggered, we are looking at a possible TARGET to be around PMth.5 on the HOOD DUITE indicator.
P.S I trade with literally zero complicated analysis and still maintain 90% HIT RATE on my LIVE TRADES and ideas.
Dxyshort!!!!!!!!!!!!!
A Great Insight On The Week Ahead, Touching On Mindset Wisely This is the first published video of the account
I start with DXY and approach overall direction from a 12 month perspective
I then go lower to a monthly timeframe and work my way down to the daily to get not only a longer timeframe view, but also a shorter one to then take advantage of this data and look at XAUUSD to then gauge a direction to execute in
There are some mindset and tips floating through the recording so do take some notes on the points I raised and don't be afraid to get in contact for a conversation !
Central Banks USD Reserves Drop to Record LowsI am writing to bring your attention to a concerning trend that has been emerging in the global economy. The de-dollarization movement is now evident as central banks worldwide reduce their US dollar reserves to record lows.
This trend indicates that the confidence in the US dollar as the world's reserve currency is declining. As forex traders, we must be aware of this trend and its potential impact on our investments.
The US dollar has been the dominant currency in the world for decades, but this is now changing. Countries in the BRICS (Brazil, Russia, India, China and South Africa) have been actively promoting the use of their currencies in international trade, and other countries are following suit.
As central banks reduce their US dollar reserves, its value will likely decline. This could lead to inflation and a weaker US economy. As forex traders, we need to take action to protect our investments.
I encourage you to sell the dollar and diversify your portfolio into other currencies such as the euro, Australian Dollar, etc. This will help to mitigate the risks associated with the de-dollarization movement and protect your investments.
In conclusion, the de-dollarization movement is now evident, and as forex traders, we need to take action to protect our investments. I urge you to diversify your portfolio into other currencies. Let us stay vigilant and proactive in managing our investments.
DXY 8June2023Currently the DXY seems to respond positively to the bearish trendline. the price has also broken the support. the next target is the trendline below. there are times when now is wave 4 a complex correction occurs, then we can be prepared that the price can go down quite deep going forward. the invalid area is the limit where this analysis can still be valid. when the price goes down deeper than the invalid area, then it could be that the trend has changed completely to bearish.
DXY aka USdollar aka dollar indexdxy is still bullish at the moment i want to see price action once it pushes up towards 104.4-104.5 area if we get some bearishness there we can see a nice push down if not it will head to that 105 area but this area ia attractive for the fact it created a flip zone here retest and made a move down leaving the orderblock we are testing now
EURUSD Bullishness!!!Hello traders,
Since last week, we saw EURUSD price on a downtrend until Friday when there was a Break in Market structure and a change in the direction of the general trend.
I am anticipating a bullish EURUSD this coming week with our entry at the Fair Value Gap.
Good luck.Trade responsibility.
DXY 3June2023You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
DXY Index Analyze (Road Map, 05/31/2023)!!!🗺️Hi, everyone👋.
To better understand the DXY Index roadmap🗺️, it is better to first look at the DXY weekly time frame:👇(Running well, as I expected ✅)
As you can see, the upward trend of DXY will continue.
Now, I tried to show you the DXY roadmap in the 4-hour time frame using the Elliott wave theory .
It seems that DXY is nearing the end of wave 3, and this wave can end at 🟡 Price Reversal Zone(PRZ) 🟡.
I expect the DXY to return to the first 🟢 support zone($ 103.60-$ 103.36) 🟢 after the end of wave 3 is confirmed and rise again to the top of the 🔴 heavy resistance zone($ 105.80-$ 104.53) 🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Gold Update (Long)This is my 5th Update on my Short Gold Trade I posted last month from 2055. In that post I had mentioned levels to look for taking profits and levels to look for good bounces, we have reached one of those levels 1935. It's a strong support and we are currently making bull divs here. Which only means we should look for longs here. 1935 also falls on prz of Butterfly from the current top.
As you all know DXY and XAU are very inversely correlated. That is how I was sure Gold would reverse as I DXY was forming a bottom over a month ago.
This long also falls in line with the chart of DXY as it stands today.
DXY has rallied from 100 to 103.9 and is at resistance. It should start facing difficulty to move higher from here. 104-105 are heavy resistance. Dxy has already formed bear divs on 4h I expect it to continue forming these divs and start some retrace to test Daily 34 and 21 EMAs at 102 and 101.5
DXY is also at PRZ of a crab and bat so a retrace is due for it which means a pump in Gold.
NOTE: We have US CORE PCE price index being released tomorrow, a same as forecasted or higher will lead to short term boost in DXY which will push Gold. so, you may want to wait for that to be released before taking the setup. If the number comes lower DXY should go down and Gold should rise.
I have provided links to all the past analysis for DXY and gold below the post.
Dollar Index Chart Analysis....
In this situation, DXY chart creates Elliott wave pattern. So,if 103.600
resistance level need to sell confirmation then DXY will fall 102.700 &
102.200 support level. If the breakout is 103.800 level then case is invalid.
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