Hey M, I am looking to sell GBPAUD below 1.76000 and expecting continuation to the 1.75000 based on fundamental and technical confluence price broke major resistance and tuned to rejection to support and supply creation to continuation of bearish momentum with head and shoulder confirmation thanks.
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.
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 weekly charts for DXY show that the correction may continue till 99. After that, we will have to watch what happens.
TVC:DXY is showing divergence with RSI where DXY has made a higher high but RSI made a lower low on daily timeframe. Could this bring some breather for equities and commodities for few days? Lets wait and watch.
dollar index toping out singal show sell dollar index rsi negative divergance macd move negative area
DXP cmp 104.665 looking at the charts, I am sensing possible structure in DXY... We are in wave 5, whose tgt comes around 108.xx (can be seen in charts) Charts if for study purpose only!!!
The DXY chart shows the value of the Dollar against all assets, it is said that if the value of the dollar goes up the value of assets goes down and vice versa. If this plays out we can expect some red days around all assets. I hope it doesn't play out, else 2022 will be a bear market.
These are my personal opinions and not trading or investing advice .
DXY will fall soon and #btc is also close to complete its correction.its good for #btcusdt
TVC:DXY NSE:NIFTY Dxy Formed very bad structure CMP 97 SL 98 Target 92 Looks like we are going to see a quick fall in DXY. May be positive for Emerging markets like India (Nifty)
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...
there is 4 hour chart analysis xauusd break 4 hour downtrend line and go for 1916 may be gold 1877 touch and come back to downtrend or may be gold go for 1877
As we can see bulls run in market theres a good chance for buying DXY
TVC:DXY Possible DXY movement has been mapped. Emerging markets like India (NIFTY, SENSEX), might be impacted due to this