FX:EURUSD is in the phase of a local uptrend. The reason is the decline in the dollar index on the background of weak fundamental policy. The target in this case is the 1.100 liquids area For two weeks in a row the dollar index ( TVC:DXY ) is trading with a negative fundamental background, which is quite favorable for the euro. As the price is inside the...
What if this is the bottom for DXY and the chart tops for others? The crowd is overly optimistic.
US Non Farm Payrolls Data Actual: 223K🔺 Expected: 160k Previous: 177K
Come at me with critisism. The markets will have a hard landing. Time is on my side.
Hello traders ,what do you think about USDJPY ?This currency pair has broken its long-term trend line and has made a pullback. After a little fluctuation in this area, it is expected to drop to the specified targets. If this post was useful to you, do not forget to like and comment.❤️
In this case the gaps can be used as Demand. There was a medium inducement and there's a possibility it know starts going up but there is also an imbalance curve with a gap under which could get filled with the news. Keep that into consideration. What do you think about DXY? Write in comments LQP = Liquidity Pool 2WT = 2 Way Trap Arrows = Inducements
March 8th Non Farm Employment Change Scenarios DXY: Look for reaction at 103 resistance level. Strong NFP (>250k) : DXY break through and climb to 103.70 Weak NFP (<140k): DXY reject and drop to 201.10 NZDUSD: Sell 0.6155 SL 30 TP 80 (DXY strength) AUDUSD: Buy 0.6655 SL 25 TP 70 (DXY weakness) USDJPY: Sell 147.50 SL 40 TP 145 (DXY weakness) GBPUSD: Sell...
FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution. The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are...
FX:EURUSD is forging consolidation within the ascending channel after the breakout of the local trend. This setup may be aimed at further growth towards range resistance. On D1 we see consolidation forming above the key support at 1.07958. A rather strange paranormal volume was drawn on Thursday, which is difficult to interpret in the current environment. The...
After breaking its upward trendline, the Dollar Index dropped down to support at 102.6 and the gap. Considering that we have the NFP news today, there is a possibility that the Dollar Index might make an upward move to 103.400 and then continue its downward trend.
Preferred direction: BUY Comment: Despite the local strengthening of the Japanese yen , this currency pair is still considered more favorable to the buyer, especially in the long term. All events within the specified prospects will develop around level 150 and above. As for shorter-term prospects, it is also unlikely that the instrument will go down towards...
The Dollar Index is at a very important support level, which it has been moving around for a few days, and it had an uptrend trend line that can be said to be broken! It seems that if the Dollar Index cannot hold this support, we might expect a downtrend towards the next support level at 102.77. However, if it can hold itself above this support with today's...
US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former wave 4 area to 3.25% - 2.5%. At the same time, we can see USdollar Index - DXY also turning down due to a positive correlation with Yields, we just saw some divergence in...
✅DXY is approaching a demand level of 102.800 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bullish bandwagon just on time to get the best Risk reward ratio for us LONG🚀 ✅Like and subscribe to never miss a new idea!✅
"DXY is currently at 103.000, indicating a resistance zone between 103.000 and 102.800. Historically, market reactions tend to drive prices towards the upside demand zones at 103.700 and 103.900. Consider setting a stop loss at 102.000."
Preferred direction: BUY Comment: Previous long-trades in gold and silver have been completely fixed with profit, but short-trades are out of the question. At the moment, there is a strong limit buyer working for metals, and most likely the price is heading to a historical maximum at the level of 2140 . This week is rich in the publication of economic...
Preferred direction : BUY Comment: The British pound continues to be the most promising major currency pair to rise amid so much accumulated selling. Here, we continue to adhere to the previous plan, and events strictly develop according to scenario №2 . The growth target is the level of 1.28000 , or more precisely the area near it, since most likely, as...
Preferred direction: BUY Comment: We continue to consider the euro in favor of buyers, especially until the target at 1.09000 is crossed. Above this level, there is a target of 1.10000 , which the pair may approach quite easily, since there is an accumulated resource for this. This potential movement will develop within the framework of scenario №1. ...