DXY Index is Ready to Pump by 🌄Morning Candlestick Pattern🌄🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel .
💡Also, the Morning Candlestick Pattern is clearly visible.
🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone .
🔔I expect the DXY Index to rise to at least the Resistance line .
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
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Dollar
AUDUSD - 4H Sell opportunityKeep your eye on this trendline. AUDUSD has experienced a three-leg rise, forming an ascending trendline.
A break of this trendline could be a good sign for sellers to achieve significant gains, potentially pushing the price down to the last pivot support zone.
Watch for confirmation of this break to identify potential entry points for short positions.
XAGUSD - Long Trade IdeaHello all,
I have a long trade possibility forming on XAGUSD.
Basically, my draw on price is the Relative Equal Highs residing above. My POI for taking a trade is where the BISI 2D is. Since we have a SIBI 2D, we should see lower prices to this POI. If price does not reach my POI before trading higher, I would like to see a clean 2D close above the SIBI 2D. Preferably I see price start to halt and create a consolidation at my POI. What I DON'T want to see if price blast right through it and have a 2D candle close below the BISI.
Silver is lagging behind Gold, so I am using that to back up my bias. Based on my proprietary analysis, price SHOULD go to the current target, if not at my POI, then still soon. Of course, we make allowance for wicks, and I will still hold my POI valid should any 2D candle not close below the BISD 2D and no other SIBI 2D be created, at least without an instant rejection through it in the next 2D candle.
Overall, simple and clean by the looks of it. We can always go to the lower timeframes to refine the narrative and frame some trades.
Have a good weekend!
- R2F
GDXJ new weekly lowsDollar UP.
gold at a very TOP
And miner doing very bad, after all, cant be a bullish continuation.
That means for me a RESET, to a weekly low or even a MONTHLY bottom.
If after Fed meeting, gold continues crahing (and it could) if dollar seeks new HIGH, miners would fall more...
I am full short at this moment.
There is a gap at 33 that should be filled.
And under 30 is very probable...afterwards, wait and see
us dollar index due to various uncertainties and market turmoil us economy is facing major challenges, today market is going to spectate 4 major FOMC members speech and market expects major volatility.
with the us dollar fluctuations the market also faces challenges in volatility of usd pairs especially xauusd.
dxy major support and resistance are given in the chart above.
live share and follow us for more market related updates and analysis
Very important EURUSD analysis (Bitcoin is at the beginning)It is worth noting that the euro has been in a major downward trend for over 14 years (5200 days). And it's time to end it.
In 2024-2025, the euro will rise. Possibly also in 2026
Proof of the great rise of Bitcoin, and that something we haven't seen before, something much better, is coming.
For crypto, a weakening dollar is very important.
Here's What You Can Expect On Wall Street & In The Crypto SpaceThere are no surprises with the U.S. dollar, vix, gold, precious metals, commodities, and stocks. Everything is right on track. We are nearing our SPY blow-off top target of 570-600, but we have some time to hit that before the U.S. election charades and the future recession. We'll review these things and then focus on what price action will look like in the coming weeks for the crypto space. Plus, I have added an extra video for my members in which I'll review the current altcoin entries we are in. I'll let you know clearly what my sentiment and strategy is for trading these coins, a few of which have 3-4x targets! Quickly, I believe our local low in the altcoin space is in and we are going to pop soon. Some coins will fare much better than others. I want you in those coins. Let's go!
EURUSD - Bullish and Bearish at the Same TimeOn the 1 hour, we see price in a current Bullish bias. This is the same bias on the 4 hour chart. But there is a strong likelihood that this Bullishness might not hold for much longer.
On the Daily chart, we see the price as being in a bearish swing. Prices had no doubt gone above the protected high last week, but unfortunately did not close above the protected high. The price went above and came back to close the daily candles below the protected high. We will therefore treat such price movement as a spike while holding on to the current bearish perspective on the daily chart.
What is my Trade Perspective...?
Because i trade the lower timeframes from off the 1 hour setup, i will still hold on the bullish perspective off of the 1 hour chart. I will look to monitor price movement and follow through as it meets each of every condntion of my Bullish trade setup.
It is only when the bullishness of the 1 hour chart is invalidated and I see a trend shift on the 1 hour from Bullish to Bearish, that I will begin to consider the Bearish perspective. And if that happens, we will be looking to trade bearish, all the way to the Daily liquidity target.
EURUSD - 4H Sell opportunityThe EUR/USD 1-hour chart shows a clear pattern of bullish movements, marked by three distinct legs of upward momentum.
Each leg is followed by a pullback, indicating a consistent pattern of price corrections after bullish advances.
Given this recurring behavior, it is likely that EUR/USD will experience another pullback similar to the previous movements.
For the target of this anticipated pullback, we can consider the base of the latest rise, which is highlighted around the 1.0820 level.
This area marks the starting point of the most recent upward leg, and it is a logical support level where the index might find stability after the expected retracement.
Traders should watch for bearish signals confirming the pullback and prepare to take advantage of potential buying opportunities at the support zone.
DXY is weakening after soft CPI dataHey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 105.100 zone, DXY is trading in a downtrend and currently is in a correction phase in which it approaching the trend at 105.100 support and resistance area.
Fundamentally the recent CPI data was quiet soft and didn't exceed 0.3.
Trade safe, Joe.
The dollar will capitulate and then soar!Updating my TVC:DXY predictions:
1. Everything hinges on carry trade with Japan
2. Japan is raising rates until they resubmit to negative interest rates this summer
3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency.
4. I believe the FED will cause inflation to go higher kicking the can down the street
5. After this summer the dollar will explode to over 140+ killing all other currencies as they print to escape deflationary depression.
6. The dollar will finally explode making way for CBDC's
7. Gold, Bitcoin, Rupee will be my final three picks for the end of 2030 for best assets and currencies. Of course you'll want a farm and freeze dried food for the coming collapse.