The dollar has broken significant structure to the downside, leaving a clean, unmitigated daily supply zone with an imbalance that adds validity to this point of interest. Once price reaches this level, I'll likely refine the zone and wait for a CHOCH on the lower timeframe. If price moves down first, I’ll watch for it to enter the newly created 3-hour demand...
As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill...
This Weeks DXY bias is to expect another major move to the downside to continue its bearish trend that it has now set. To capitalise on this movement we will wait for a minor pull back up to a near unmitigated supply, (which will be the 9hr) to look for entries to get into this selling trend. From this we will look for our usual wyckoff distribution to play out...
As expected our last week scenario (A) played out perfectly like we anticipated which was seeing a bullish reaction from the 4hr demand. For this week's bias we are still temporarily bearish with the dollar as it's approaching a clean 14hr supply zone. As soon as it gets tapped in I will be waiting for my lower time frame confirmation i.e. a Wyckoff distribution...
We saw Tuesday taking Monday's low and then Wednesday after Fed rates we saw Tuesday high taken. I am thinking since Sellside Liquidity has been taken we should expect a follow-up into opposite side Buyside liquidity above Monday's high.
DXY(Dollar Index) created a hidden bearish divergence in the day timeframe! So, I think the dollar will correct to the 102.7 range!
USDCAD since early this morning is on a consistent fall on the 15 minute chart. AMEX:USD Dollar strength issues have continued with the latest hike in prime interest rates trying to cool down inflation. Canadian dollar is buoyed by the rising spot price of gold and oil which are more prominent parts of the Canadian economy than they are in the USA> The...
The dollar is experiencing fundamental weakness due to its data, with yuan transactions surpassing it for the first time. The GDP was worse than anticipated, causing concerns of an impending recession. Today's core PCE data, a crucial inflation indicator, could potentially alter the trajectory of the dollar, therefore, be cautious. From a technical standpoint, I...
- in order to create 4h range we must break this 4h low - lines up with EU nicely - daily high is still the target
The US annual inflation rate has slowed down for the ninth month in a row, hitting 5% in March of 2023. While this is the lowest it's been since May of 2021, it's still well above the Fed's target of 2%. Investors are trying to figure out when the central bank will put the brakes on its hiking campaign to slow inflation. The March FOMC minutes (released this...
I have noticed a bearish rally is approaching on DOLLAR and economic news seem to be the driven force.. i will continue to hold long term.
In this situation DXY Short time chart create Bearish BAT Pattern. So, market short term Buy UP to 104:930; and 105:100 resistance level. Then market need long sell correction to nearest Support 103.700 and 103.400 level. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including...
Hello everybody! We are currently in a downtrend on USDJPY on a daily and weekly timeframe, and we could expect another aggressive impulse, creating a lower low. The price has just retested the daily support that became resistance, and also the EMA. MACD lines are below 0 and the moving averages are also showing confluence to this bearish scenario. Moreover, the...
USDJPY gave us a bit of trouble over 147 and then it became a beautiful trade/opportunity once below that level. I have explained before how the US has become toxic for it's allies. You can read about it here: As well as here: and here: Unlike non traditional assets, this kind of charts offer us amazing opportunity. Similar to going short on EURUSD right at...
Is the S&P500 about to double-bottom? We should find out soon! Like today!
Hello traders, On this Monday, maybe is a good time for all pairs to make a correction. Just take this Dollars Indext as a signal that it is now turning down on 1h chart after EURO session begin. This is a classic XABC pattern for sellers. Just keep eyes on candlestick signals when price reaching those dash lines. GOOD LUCK !!! LESS IS MORE!
Regime Change Indicator The Russian ruble will let us know when the madness might end. The Russian ruble has halved in value over the last four months, accelerating that trend recently, coincident with economic sanctions being imposed by governments and by corporations themselves. At the start of the war, some economists noted that the Russian economy might be...
Dollar index ready to short from 109.4 to 106.4. Technically, Dollar create strong bearish divergence in weekly time frame. Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price. DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change at anytime without any update...