Very Crucial Level for dollar #DXY if its returned from this level we may see big rally and supose if it breakdown this level there will be very deep downside and #Gold XAUUSD will rise to new high if dxy break this multi week demand zone .
Trendline is already broken lets see wether dollar takes support here or not .
#Dollar #Gold #XAUUSD
DXY broke the falling wedge and going for the test to the Supply zone . If we reject there , then that might be the Top for BTC and H&S will be formed . Lets see .
TVC:DXY has taken weekly support which is strong and is in parallel channel, it can give a parallel channel breakout and reach first target zone in coming week or 2.
Expecting the price to at least touch the bottom of the ascending channel before taking a reversal move. And if this happens then the US Market will rally accordingly. NASDAQ:NDX
Despite the fact EU trading in correction, I've spotted an area where traders should pay attention to, the price has already tested the major resistance level between Aug-Sep.
Consider below reasons for selling market.
1. EURUSD is now trading below 50% and 61.8 fib ret.
This is clear indication that EUR could continue trading low against Cable.
2. Another...
Beautiful breakout above 92 as shown the related chart below...
right now in bullish territory...
Important levels marked for next week.
Like... Share... Follow...
Beautiful uptrend..
So what next...
Some retracement and continue the journey upward... ?
Important levels marked...
Follow for more updates
Do like and share this idea with your trading collegues / friends.
US Dollar Index in 20-year peaks
The index extends the optimism seen at the beginning of the week and trade beyond the 108.00 mark for the first time since October 2002, always underpinned by the unabated sell-off in the euro.
The move higher in the dollar comes on the back of diminishing US yields, as recession concerns seem to prompt investors to seek shelter...
Monthly orderflow remains bullish, we have monthly accumulation, buyers are still in control in HTF. untill and unless i don't see any distribution on HTF, DXY isn't falling (according to me)
The US Dollar Index, DXY, is bouncing off its 50SMA (red) on the daily chart. This looks like a sign of strength in the US Dollar as it seems folks are buying this dip and a successful bounce on 50SMA can take the price back to previous highs of 105 on the DXY.
The U.S. Dollar Index is used to measure the value of the dollar against a basket of six world currencies—Euro, Swiss Franc, Japanese Yen, Canadian dollar, British pound, and Swedish Krona. The value of the index is a fair indication of the dollar's value in global markets.
