DXY go Long after retest and pullback. wait for opportunity. Only Go Long.
As per price action, gold is moving toward the narrow range in this triangle and we can expect a good move on the breakout/down of this structure, the Positions from COT MM are not much favorable for bears right now and we can expect a sideways move for next week.
MY DEAR TRADER DXY Possibility Upcoming 4HRS Week AS PER
Dolor index made double bottom on daily chart. While price was making double bottom... RSI made higher lows & price went in consolidation phase. Today it is trying to break this consolidation on upward sode.
Price is near support and previously we took support in this zone so expecting bounce from this zone. keep in radar.
Double bottom pattern formation. bullish divergence on RSI,, if levels of double bottom survived,, counter can give sharp upmove,, Lets see
DXY - let's track - possibility of making a H&S and if it breaks down ...we may see a good rally in equity market :)
We might see a little non sustainable upside as we are at the support area.
If you are following CFTC COT report for commodity you already knows that the CFTC is not sharing the COT report timely from last 5 Weeks , I tried to analyze the Last three week COT report on GOLD published by CFTC. On 24/1/2023 the COT showing bullish sentiments as they adding in Longs and Covering there Short and we have seen sideways (You can see the Green...
Dollar Index (DXY) currently trading in between downward trend channel. Presently at Resistance and will go downward to maintain the drawn channel. Here showing predictive two paths as per present price action and supply demand zones.
Hind Copper needs Weekly close above 111 to gain Momentum which could take it back to its high of around 190+ keep a eye on Copper it should not breach 3.9 Levels in Comex now.
DXY is making higher high and higher low on monthly chart. It has bounced exactly from last swing resistance. If it holds 102 on monthly closing basis then 120-122 is feasible in coming 6-9 months. Not good for equity and commodities. Pressure will be on countries highly dependent on import. Break of Feb month's high will be first confirmation that bottom in DXY...
If the dollar breaks the weekly support, EUROUSD will be very bulish in the near future as it has already broken weekly suply zone. #EURUSD #DXY #GBPUSD #Dollar #Forex #Currency
#XAUUSD is at crucial support Level 1810-1835 Another Support Near 1793-1776 We may see bounce back from this level and this rally will go upto 2000-2100$ level.
Looking for possible selling continuation on the pair to retest the previous support lower. This will as well be as a target point of the target for the bearish flag. A 2hr break below the support at 0.68610 would be a good confirmation on the sell bias of the pair and act as an entry point of the trade A break and close above the resistance at 0.69970 might...
If you get any reversal pattern, you can sell XAUUSD NEar 1942-44 and one can buy near 1918-20 if they get any reversal pattern in 5 min chart like Hammer folowed by engulfing candle. If it breaks the 1915 level on closing basis, then we may see 1890-1865 level very soon. I am expecting that after touching the price of 1944, it will touch 1890-1865 level for a...
Date : 9th Feb 2023 Textbook 5 impulses completed @61.8(0-3) and 61.8% correction of five impulses. Entry @ 103.235 with SL 103.135 pip Target 104.950