U.S. Dollar IndexUpdated DXY - 61.8 % Cycle
Hi All.
I am a student to trading so please do not use these top trade.
I would like to get a professional view on the 61.8 % fib push and pull I see happening.
I see on a weekly pattern a 61.8% recycling pattern
Which completed the Sep uptrend cycle period.
I think we are about to switch over to the Monthly 61.8% cycle and if we monitor the min candles we will be able to determine what the market believes the fed's will do i.c.w rate hikes.
I personally feel like they wont increase the rates this month but definitely November and December (Bonus time) - Could be wrong
NASDAQ also broke its support from what I could see,
Monitoring the candle movement at 113.442 might be a lovely short position if it breaks going long USD/ short stocks / eth / bitcoin
These are purely my views.
I am a student to trading so please do not use these top trade.
I would like to get a professional view on the 61.8 % fib push and pull I see happening.
I see on a weekly pattern a 61.8% recycling pattern
Which completed the Sep uptrend cycle period.
I think we are about to switch over to the Monthly 61.8% cycle and if we monitor the min candles we will be able to determine what the market believes the fed's will do i.c.w rate hikes.
I personally feel like they wont increase the rates this month but definitely November and December (Bonus time) - Could be wrong
NASDAQ also broke its support from what I could see,
Monitoring the candle movement at 113.442 might be a lovely short position if it breaks going long USD/ short stocks / eth / bitcoin
These are purely my views.
Note
NASDAQ Not doing well. USDZAR Pair boosted Scary stuff
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.