DXY fell sharply after weak US economic dataWeak economic data, along with CPI and PPI data released earlier this week, reinforced the view that the Fed's rate hike cycle is over. This has strongly affected US government bond yields and caused the 10-year government bond yield to fall below 4.45%, approaching the lowest level since the end of September.
With the market expecting the Fed to gradually loosen monetary policy, gold prices may maintain an upward trend in the short term. This scenario will be confirmed if US economic data continues to weaken.
J-DXY
DXY: DXY technical analysis todayThe three major US stock indices continued to eke out small gains while bonds
rebounded from Monday’s corrective move lower, pushing yields down again.
Several Fed speaks turned out hawkish still despite last week’s dovish pause
and data weakness seen in the labour and services sectors. Fed Logan said
inflation still remains too high. Fed Waller said the spike in yields was an
“earthquake” for the bond market, while Fed Bowman said it was too soon for
policy makers to know the full effects of the recent rise. Earlier in European
and Asian sessions, stocks ended in the red as weaker than expected China
exports stoke fear growth in the economic giant is cooling much more than
expected. Futures are pointing to mixed openings in the Asia markets today.
• Global bonds rebounded and drove yields lower again by and large. The UST
curve shifted lower by 2-9bps across the curve led by the long ends, bull
flattening the curve. 10Y European bond yields also fell about 8-10bps with
the German bunds losing 8bps to 2.66% while the UK gilts shed 10bps to
4.27%
DXY: The trend I predict todayLast week, the DXY Index fell below the 106 mark, then continued to fall to the 105.50-105 range. In the short term, the risk of a trend reversal will only appear if the DXY index slips below 105. The decline is driven by the Fed's dovish stance and that will likely cause the greenback to decline. at least for a short while.
DXY : Today it is likely to recover slightly and continue to dec DXY today is likely to recover slightly and continue to decline, currently DXY is still in the bearish channel and today the news may be bad for DXY because non-agricultural employment is forecast to be bad so the possibility of a decrease in DXY is huge
DXY formed a downtrendThe DXY chart on the 1D frame formed a bullish leaf, but yesterday DXY had a false breakout, so it is likely that today DXY will tend to decrease, tomorrow there will be news of Non-Farm Employment Change, if the news is bad, DXY may dropped to 104.28, on the 1D chart stochastic is in the overbought area and is trending down, RSI is also trending down. On the H4 chart, stochastic is falling very strongly and so is RSI, so it is likely that DXY today will fall in the range of 106.12 - 105.68 and 105.68 also coincides with the 200 EMA, tomorrow there is news that DXY may fall to 104.28.
DXY : is likely to decrease slightly and recover today. Yesterday DXY fell quite strongly and today the 1D DXY frame is likely to fall forming a head and shoulders pattern, on the daily chart the histogram has begun to gradually decrease and the stochastic has left the overbought area and is showing a downward trend, at The H4 stochastic chart is below the oversold area and the histogram has a negative value, so DXY is likely to decrease slightly and recover today.
Crazy times aheadLooks like the consolidation over for DXY and its ready to fly "Higher for Longer"
Some may call it a flag pattern breakout.
Momentum Oscillator also after retracing back to 77-80 is rising again.
Super move ahead!
Equities, commodities are in for a roller-coaster ride.
Saavdhan Rahein Surakshit Rahein
Trend is about to get strongerChart is self explanatory.
Ideal scenario will be a day or two consolidation at current levels which will make the momentum oscillator cool off to 78-82 range.
Post this consolidation, we may see the explosive move.
And everyone knows, an explosive move in this index means a lot for riskier asset classes.
Savndhan Rahein Surakshit Rahein
US DOLLAR analysis Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
dxy sellTrade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
dxy analysistargets green
entry point blue
sl red
..RRR 1:2 , 1:4
Considering the ABC correction wave in DXY, a potential short opportunity arises during the B-wave's rebound. This setup offers an attractive risk-reward ratio, targeting the expected C-wave decline. Caution: Monitor closely for any sudden changes.
GBP/USD Wave Analysis: Riding the Profit Wave 📈🌊 🤑 Hold on tight for the GBP/USD profit adventure! We're cracking the code on recent moves (1-2-3-4-5) and diving into the next big thing: correction wave excitement! Let's dive into Wave ABC and snag those gains! 💰
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Course Correction: Time to talk about the bounce-back waves. Check out what's in the mix for Wave ABC – levels, patterns, and when it's coming to town.
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AUD/USD Wave Analysis
📈🌊
Description:
🤑 Get ready to ride the NZD/USD profit waves! We're breaking down recent moves (1-2-3-4-5) and diving into the next big thing: correction wave time! Let's get into Wave ABC and grab those gains! 💰
🔍 Highlights:
Wave Rundown: We're zooming into NZD/USD moves, uncovering the cool five-wave setup (12345). You'll know each wave's vibe and how they roll together for the big picture.
Correcting the Course: Time to talk about the comeback waves. Check out what might pop in Wave ABC – levels, patterns, and when it might hit.
Cash In on Corrections: We're spilling the tea on scoring profit during correction waves. See how to time your moves right for max cash – enter and exit like a pro.
Wave-riding BC: Dive into Wave BC, the sequel to correction moves. We'll break down the who's and what's that shape it, so you ride it smooth for gains.
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Real Deal Stories: Dig into past AUD/USD waves. It's like learning from OG wave riders – see patterns, scores, and what went down.
NZD/USD's on stage, so gear up for the profit ride! Correction wave (Wave ABC) is where the fun's at, packed with big potential wins. Stay sharp, trade bold, and get the scoop from our full analysis!
(Note: Trading's got risks, and past wins don't promise future fortune. This is about learning, not financial advice. Do your research and chat with money experts before making moves.) 🚀🤑






















