5 Key Factors Shaping US Dollar Trading This Week The US dollar is in the midst of a week filled with pivotal events. Together, these fundamental drivers hold the key to understanding the potential shifts in the US dollar's performance throughout the week: - US President Joe Biden announced that a bipartisan agreement has been reached to raise the US debt...
time to short @forextrading_fb @forex @eur-usd @forexmarket #trading
Based on the information provided, you are planning to enter a trade in the USD/JPY currency pair. Here's an explanation of the trade for publishing: Trade Details: - Symbol: USD/JPY - Entry Price: 139.690 - Target Prices: 139.842 and 140.001 - Stop Loss: 139.582 Rationale for Entering the Trade: You have decided to enter this trade based on two factors: support...
In daily chart EURUSD formed the bearish candle with strong selling Volume candle. In 4hr Time frame it has formed Falling Wedge Pattern and make breakdown for downside. ------------------------------------------------------------------------------------------------------------- Risk and reward In this trade will be 6:91 Entry At : 1.09761 Sl will be :...
Hello Friends, Here we have shared possible Elliott wave counts plotted on chart of U.S. Dollar Index - DXY on daily time frame, which clearly indicates that after top of September 2022 we are in corrective phase as per Elliott wave structures, and as per wave counts we can see that we had completed wave ((3)) and now possibly we are in second half of wave ((4))...
MY DEAR TRADER DXY Possibility Upcoming 4HRS Week AS PER
Just observing the price , not clearing confirmed yet to go down for swing , weekly is still up , nearby the monthly OB , am just following the trend.
DXY Possibility Upcoming Week As Per Possibility You Can Set A Trade Plan If Price Bearke The Demand Then Next Demand Will Be 99.3145
EURGBP testing the trendline while it has already broken in OCTAFX broker , check it out with focus Take a long postion with a risk/reward ration of 1:3 . Also COT data is in favor:- EUR - 163,338 Net positions GBP - 2,398 Net positions While many short positions has been closed in GBP , but it still may go long before a reversal
Usd struggles to go upward very to near to break the trendline . if breaks than good fall expected
USDCHF possibility long with 40 pips stop loss highly demand zone
USDCAD 1HR possibility long with 20pip sl high possibility trade
FX:USDOLLAR USD can move upwards if sustains above 102.400 level, currently t important monthly weekly support zone and showing rejection for further fall.
TVC:DXY is approaching a key daily structure support Levels of 103.4 to 103.8, is the zone to focus on Depending on the reaction of the market to FOMC meeting, one can anticipate 2 potential scenarios to emerge - 1) If price breaks the resistance of a falling wedge pattern on DTF, a bullish move can be expected 2) If price breaks the support of a falling...
FX:USDCHF usdchf has created a flag and pole pattern if it breaks upper side then we can plan for buying side and i am bullish in this.... plan your trade accordingly
In the past times, USDINR is trying to hold its level and now we can see more rise above the levels Characteristics of Triangle pattern A pattern that has the following characteristics is more effective. + Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect. + This pattern gives a...
This chart provides a correlation between BTC USD, USD Dollar Index, Inflation, & Gold Asset class. Hypothesis: BTC would be an asset class similar to gold. Questions Is BTC a digital equivalent of a decentralized gold vs USD as a currency controlled by a central gov? Will historic US gov debt influence the strength of dollar which will inturn make asset...