According to my analysis and with major news events coming up, My opinion on DXY is looking bearish. Why do I feel so? - Change of Structure in higher timeframe - We have been in a long upward cycle. CHoC may lead to short term correction - We have a demand zone in the bottom. we I expect the price to bounce off. Again, these are my views for the week. Thank you.
DXY index showing bearish move.it can be reverse by making W apttern so safe entry will be at notch of the flag 110.147 and can placed stop loss at 111.145..target will be at golden line.so make your position as per your risk appetite.
Dollar index is consolidating in the big time frame We are still for the news to get the breakout or the breakdown the further movement in different currency pairs , commodities , equity will be directly depend on it and break on either side will give a start to new bearish cycle or the bullish cycle for dollar index. As per my view we will be going higher...
Beautiful Example of Price Action on H&S breakout on monthly candle.
Beautiful breakout above 92 as shown the related chart below... right now in bullish territory... Important levels marked for next week. Like... Share... Follow...
The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE). The index is currently calculated by...
for thpose who bare interested to buy gold needs to wait for channel breakout incase of breakout we can expect big bulish move untill breakout we in bearish trend
The Reason posting this we have clean SMT Between EURUSD and DXY. EURUSD did MSB in LTF and hit 1h Demand, possible ready to pump during London Open or NYO About DXY price could drop below original consolidation. More update you can find later
Looking buy possibility above 0.87800.. respected stoploss below 0.87400 Reacted DEMAND levels are 0.87300 and 0.87500 and expecting next spike level between 0.87700 and 0.87800. TARGETING 140 pips.
Beautiful breakout and then retest and again reaching out to 115+ important reversals marked... Like... Follow... Share....
Dollar Index on Daily TF moving for major retest for next upside Targets as fed will continue to increase rate by 100bsp so its good to buy Dollar
Beautiful uptrend.. So what next... Some retracement and continue the journey upward... ? Important levels marked... Follow for more updates Do like and share this idea with your trading collegues / friends.
$DXY US Dollar Index: •15-16 Year cycle is progressing. (Expanding) •Expanded time between cyclic crest & trough is 2 years. (Previously cyclic expansions was for 7 year and now it is for 9 years.) •Now entering the M3 supply zone. Top is near.
This is current gold monthly cycle and as we can see that gold already breakdown the multi years support (1680) and trading below it, from the monthly chart we can see that there is more room for decline from the price action view. On intraday levels we can expect some pullback /Corrections but in the bigger picture trend will remain bearish as DXY is keep pushing...
TVC:DXY has been moving perfectly as per Elliott waves. It has completed an impulse and now in correction. It has already corrected near 50% which is also close to previous degree wave 4. Worst case we might do 61.8% around 107. Once we get a positive daily close from here, it would be reasonable to assume next impulse has started. What does this mean for...