My prediction is in snapshot. Whenever price breaks the wedge pattern. It reaches 26-70% range. So as of now the dollar is strong and will reach upto 123 and beyond.
SELL : 1529 TO 1373
TARGET : 822 TO 730
Reason For Selling This Script :
In this script it has formed head and shoulder pattern in in monthly time frame. Now price has been broken the neck line and retested the neckline. So we can go for sell side target above mentioned.
Note :
Above given levels are based on monthly & weekly time frame . So be patience...
I have been working on EUR/USD since a long time as the charts it has completed its 3-3-5 corrective pattern and now heading towards a new motive wave. Probably now the third wave is progressing according to the daily chart.
This is clearly my idea and don't claim and signals trade according to yours lookout and analysis
Happy Trading
Economic narratives and dialogues covering crypto and traditional market trends have discussed the hypothesis of inverse correlation between Bitcoin and the US Dollar. As the world’s largest cryptocurrency was created with the vision of decentralized substitution for centralized fiat currencies, we have seen the hypothesis becoming true in the past couple of days....
It is looking like to give a strong breakout, although trading on life highs and it is very painful to see a breakout which is not good for entire markets trendlines indicating where it can go up to
It is likely that DXY has started to show a pull back to 100 or slight below it. Wave 2 of this 5th wave was small so wave 4 could be 38% to 50% in retracement
. We can see clear w pattern on usdjpy which tells that we can 100k for shorting opportunities following are the zones marked which I believe can act as good supply zones
As we can all see nifty has a negative correlation with the dollar index, so either the dxy should come back to 100 or nifty if breaks 16850 on 3hr time frame, i.e one 3 hr candle closes below then we can short it and if closes above 17950 then we can go long with heavy future till then it's sideways one can make iron condor for it or can scalp in intraday...
As seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs.
Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront.
God bless us all!!!
Trading Setup:
There is a Trading Signal to Buy in EURUSD Currency Pair.
Traders can open their Buy Trades NOW
Rank : ⭐️
⬆️Buy now or Buy on 1.0869
⭕️SL @ 1.0759
🔵TP1 @ 1.1085
🔵TP2 @ 1.1258
🔵TP3 @ 1.1458
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you...
The Dollar Industries The share all time level brackout and than market volatility the share is take support in the previous aal time high level this is the techanicaly very good share.
Dollar index if makes low we probably will have RISE and Index and Vice versa this is correlation of Dollar index with Index in a particular Dynamics of Market.
This is a long term analysis on TVC:DXY . Dollar has a strong supply area around 98. As long as 103 isn't crossed, we can expect lower levels of 80 soon. Considering global macro factors, this is a strong possibility. The rub off of this would be huge on other linked currencies. One can keep a watch on this in coming months.
Disclaimer : This is a long term...
hi ,
As per weekly chart , bitcoin makes Head and Shoulder pattern and its takes support and Ready to breakout ,
lets see what happen within 15 days we know full picture
Buy - above 51500
SL - 46676
target - 60000
Its a eductional video so try on your risk and comment if u agree and share what u think about that idea ???
Your opinion is also helpful for us .
