DOLLARINDEX trade ideas
King Dollar Waking Up!Classic double bottom, The question is now Will King Dollar rise from here or just sit here on its ass.
All the signs are here already--> Inflation, Bond Taper, China Real Estate Mess, US polity Drama, RRP Drama. One thig is sure Central banks don't want to mess the same things again,So a new cockroach will emerge soon. Till then Follow price, Always folLow price.
Dollar Index - candlestick analysisTVC:DXY
Dollar Index candlestick analysis :
1) overwhelming weakness in dollar as equity markets rallied
2) First signs of some buying emerge, some range expansion on upside
3) but all of buying quickly gets absorbed, by strong bearish engulfing candles, immediately after each attempt by buyers to drive prices up
4) clear range expansion also visible on downside as sellers again drive prices lower with momentum
5) this is a first proper sign of accumulation, long tail candles, range of candles on downside is getting narrow, and range expansion happening on upside, sellers are loosing momentum
6) mid point of previous wide range candle is where supply starts coming in, but range of bearish candles getting formed now is lower than candles that formed previously in the same zone at 4
7) as price reaches the same level of accumulation zone at 5, we again get long tail candles, further absorption of supply
8) widest range candle we have seen on upside in the entire base region, clear demand emerging now as buyers gain strength over sellers
9) each time a bearish candle forms, it gets countered by a bullish engulfing candle right on the very next week, some tails forming in the lower region. this is clear accumulation at higher levels now, in start contrast to price action at region 2 and 3
10) Dollar is now in a HH-Hl structure, supply is getting absorbed, and we will most likely get a breakout on the upside
11) this can lead to short term correction in equity indices
The dollar index Resumes Bear MarketAfter 2 failures to hold on to the upward trend and corrective rallies, it is clear that this bull has no bones. The dollar index has been in a bear market since 2018 and each attempted rally has failed. This time is no different. The dollar bulls are about to make the most classic giving up of their opinion and they will do it all at once. It will be a meltdown of mammoth proportions.
DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ...as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of 92600
from here I expect a small retreat and then I will continue BUY to target 2 and complete W
THIS WEEK....exactly as I said ... DXY has passed target 1 and is heading towards target 2 which complete W
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*This information is not a Financial Advice.
XauusdPrice is currently in ranging session on xauusd am expecting a run up to the first poi(block breaker) than a reversal thereafter if price runs through block am expecting a reversal upon price reaching the open or half of the rejection block
The reason for my short analysis on xauusd,price had a strong run grabbing liquidity off the weekly low.this price move initiated by banks or smart money left a price imbalance.price rebalanced reached discount level started consolidation indicating a price reversal and continuation of downtrend
Dollar Index Cast ForwardExpecting Bullish weeks and reversal after New interest rates are out:
With Dollar index moving higher, expect it to rise until the next FED meeting on 22nd September 2021. Technically, Price will look to sweep liquidity built during the past few bearish months! Remember Trends in this timeframe (monthly) last for a long time. Once the key level of 97.750 is broken, expect a bullish period for dollar.
Track interest rates: Investing . com
To watch seasonal tendency charts : equityclock . com
Note: The above is just for educational purposes. Forex market is subjective in nature. Trading is subjective to financial risks, please do your own analysis and manage your risk properly!
DXY: Is it finally headed back to sub 90 levels? After all these positive economy date from the US and talks to taper by the Fed...DXY has failed to sustain above 93 for whole of last week...in fact it has made a perfect double top at 93.2 levels and it has fallen sharply from there on Friday...91.2 would be the next important level to watch...below that we may be headed for the retest of 89.5 levels...this view if it plays out will be good for metals (both precious and base) and EMs including India
DXYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
as I said on last weeks ... a closure even for 1 day over Fibonacci 618 means BUY to Fibonacci 786 as he did and where he rejected!
in the next period I will continue to look for BUY until area 93400-94
THIS WEEK....as I said in the last analysis made on July 4, DXY reached target 1 which I set from where it rejected to the resistance area of 92600
from here I expect a small retreat and then I will continue BUY to target 2 and complete W
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.