Technical Analysis Update: DXY & Bitcoin Price Correlation DXY Overview: The US Dollar Index (DXY) is currently trading at a pivotal support level of $105. This level is crucial as it has played a major role in dictating the next moves for Bitcoin. Bitcoin Price Implications: If DXY Bounces: Should the DXY rebound from the $105 support level, we might see a...
Once the #GBPUSD closes below 1.2480 on the hourly chart, keep an eye for a retest of this level. If there's rejection on the retest on the M5/M15 timeframe, consider initiating a sell position with a 30-pip stop loss and a target of 70 pips down to 1.2400. There's substantial trendline liquidity beneath these levels.
Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500 Closed that position in more that $5000 profit in just 2-3 days. My long setup is formed again in USDMXN Taking long positions here at CMP 16.67000 My SL would be 16.62000 Target I'm expecting is 17.00000 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing...
Hello Friends, Hope you find doing well. As there are so up down in market now a days because of many reasons Elections, war, Global data, USDINR, DXY. So based on following all parameter i am trying to analysis crude oil price action, hope it helpful for all commodities trader. As we can see in chart it is making bullish flag pattern on 4hr timeframe. So we...
Analysis A five wave decline from 107.34, the high on Oct 03, 2023 to 100.62, the low on Dec 28, 2023. In Elliott terms, this impulse structure tells us that the movement at the next larger degree of trend is also downwards. Within this impulsive structure, wave (i) is a Leading Diagonal, wave (ii) is a Flat which neatly predicts a Zigzag wave (iv) by...
Market still round 2193 to 2203 Wait today...today Unemployment and Final GDP NEWS If market cross & CLOSE ABOVE 2222 next zone will me 2238-2300 If market cross & CLOSE BELOW 2145 it will be RED ROSE... then NEXT buy zones will be 2038-2025 1995-1973 1948-1931 1829-1811 Checking in day candle body doesn't close above DAY BOS in line chart seems M PATTERN...
the upcoming week ahead bring alot of volatility have days with events and major ones Recap - the previous week was more based on sharp turns that has tested important level and broken important level but left behind some imbalance that given a strong sign or outperformance by DXY What to Expect - 104.300 the price breakout now the upside potential liquidity...
GOLD/USD March FINAL WEEK PLAN... In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160... Which is buy correction zone(BUY FLIP ZONE)... EXTREM BUY ZONE IS still there 2152-2146 I am looking for buy because of below mentioned points: 1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area 2.In 30M Awesome...
Weekly view Swing high Sweep is more Probability Daily View Weekly Swing High sweep and day ob. near that high Reaction in that area is crucial
BTCUSD is looking for short after forming ascending channel & expecting a movement to the downside at 59K
NZDUSD is expecting to reach to the downside after having a reversal formation & has a clear movement to the downside.
EURUSD is forming a movement to the downside after forming reversal. Currently formed correction on 4h timeframe.
After the highs of 107+ price , since price went bearish that has created a monthly bearish FVG that is marked in orange , price after reaching 101 lvl mitigated the open Bullish FVG on higher time frame, which leads to price bouncing back towards the zone of Bearish FVG currently price is getting rejected and due to higher time frame giving the bearish bias...
EURUSD is looking for short opportunity after forming correction for a movement to the downside.
As we have talked in past post #DXY is high and after CPI result it has break up side. same for #USDINR #US10Y Till it has chance to more fall and here i have added some supports in this post. you can find your levels and analysis then take trades. More to indian market has looks fall to come soon as it making pattern like that but all game of news and data...
DXY/Dollar Index is currently trading near an overhead supply - It will be very crucial to watch how it exactly reacts to its overhead supply - IMO even if we see a good reaction from the overhead supply it will be still important to watch the reaction. - From a long perspective it's better to wait out and first let the breakout happen - let the base form -...
- Dxy currently looks bullish - I am waiting for a retracement if not we can see DXY mitigate its overhead supply - DXY can take out some more bullish momentum post that we can see some downfall. - We are in a mid-range don't trade aggressively.