Dxyshort!!!!!!!!!!!!!
DXY - At a Crucial Point.[
A Monthly, Quarterly, Yearly and Decades candle formation in sight.
Break and Close Below 91.70 will lead to a big dent.
XAUUSD, weekly analysis, Oct 12-16Gold against Dollar, have been seeing the bullish trend right from the 1st of October, reason could be weakening US Dollar , strong fundamentals have contributing the bulls of this pair particularly US Elections also joins, Last week the sudden rise of Gold is expected to go Long for at least next few days in the coming week.. may be till 15-Oct till at the price of 1965 - 1970 area,
Price action analysis is posting for education purposes..
DXY US dollar index Bearish Flag prepare for Big Crash !!!Disclaimer : This is not financial advice please do your own research before investment.
As you can clearly see right now DXY creating Bear flag if DXY failed to sustain
above and breaks the flag from downside then the next support will be around 95.9
and if the price goes below 95 then the technically support will be around 93.
AB=CD short DXYDXY appears to be overbought on momentum indicators and at the same time there is a AB=CD pattern on the chart
EURUSD beginning a bullish channel since November 2019Good macros from European countries make the EURUSD follow a book bullish trend at the same time that Fed is trying to keep up its repo balance sheet and dollar is weakening against major currencies (refer to DXY where it has broken second support). The fact that Iran looks like is going to retaliate any moment from now does not give a positive scenario to markets and even though it was the US who issued the order to kill General Qasem Soleimani, a hard response from Iran (until now it has only withdrawn from the nuclear agreement) would mean an appreciation of the dollar currency as it is considered as the safe heaven. Other currencies, despite their good macros would tumble. As this is the worst case scenario, EURUSD contemplates this possibility and does not react as expected towards good macros from European countries. Besides, today's US's ISM Non-Manufacturing PMI and Factory Orders (MoM) were better than expected which gives wings to the greenback. My position would be: Start a bullish position in EURUSD at 1.1118, bearing the risk it can go further below at 1.1101 maximum and close at 1.1245, bearing the possible missed opportunity at 1.1260.
DXY weekly clean and simpleDXY exhausted right now, after pullback expecting a sharp rally toward the 100 mark
