The script made a double bottom pattern on weekly chart near important support zone. I am expecting an up move from here onwards.
Double bottom pattern formation. bullish divergence on RSI,, if levels of double bottom survived,, counter can give sharp upmove,, Lets see
Theres a literal Tie Fighter in the charts. It's not May the 4th yet...
made xabcd pattern abv 102.25 looks fire 103--104+++ if this happen gold may be cresh soon till 1980-65$ yes very crucial lvl for gold silver crude
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your...
Bitcoin breakout is confirming the U. S. Dollar depreciation and look at the USD chart there is forming ABC wave pattern this is the right time to invest in Indian market.
Dollar index has taken good support at previous support area indicating more upside. aving eurusd below resistance area it makes safe to buy Dollar long trades now
DXY - let's track - possibility of making a H&S and if it breaks down ...we may see a good rally in equity market :)
Technical analysis are not enough sometimes, we can't go against the big boys if they don't like it, neither should we if we want to be with the wining team. THANKS
Dollar is at previous support from where it rallied higher and its clear re test of Dollar now. I expect dollar to bounce from here since US equity started profit booking and its correction more now. And higher Crude means additional need for dollars to buy Oil each day. still now majority of countries still use dollars to buy oil right ?
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.
Hello Friends, Here, I have plotted Dollar Index in daily time frame with RSI . Apart from I have drawn sliding parallel channel. Since couple of days, Dollar Index is taking support at 101.33 level. Here, I have observed sign of trend reversal. Anyone can take long position in all forex major currency pairs with own risk management methods.
just an update on how I am seeing the behaviour of DXY is. it can sweep the liquidity and fly up anytime. valid until : candle closes below that low
As expected Fed Data and Meeting has triggered Sell in equity and Buy in Dollar pairs with Sell in Euro pairs as immediate knee jerk reaction for time being. with this we can easily see dollar index at 103.90 and 104.35 before next week !
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...
Dxy long here .Its not break lower resistance.it may be pullback ..
until now these are the major reversal areas for me, From these area DXY can fly anytime. With these areas we might see drop in USD pairs too. Never the less, we should be careful at any points any lows could be taken out and go opposite.
We might see a little non sustainable upside as we are at the support area.