Break to either direction! Pattern: Pennant / Cup & Handle pattern - At key support. TJ
dxy is in the process of seeing a significant breakout. this 105 level is basically a line in the sand for what can be. above 105, opens a door to 109,113,116,119. --- if you think things are bad in the market right now, you have seen nothing. 🛑
In this update we review the recent price action in the Dollar Index futures contract and identify the next high probability trading pattern and price objectives to target
US Dollar Index continues to grind higher on broader market weakness but has yet to settle on a weekly basis 1%+ above the COVID-19 highs. I've also updated support and resistance structures for your reference. Wishing you a blessed and profitable week ahead!
OK, that's creepy to me. On this long term chart we see that price respects the Pitchfork very nicely. But that's not creepy, that's what I see day in and out. But here it comes: IF this is a monster Bull Flag we see in the grey shaded area, the USD will explode to the upside in the comming months. That means, that with the higher and higher inflation in the...
In last week’s post, I highlighted that the US Dollar was being held at a major resistance level and was preventing price from climbing any higher. So far this week, price has broken through. Closing prices are more critical than intraday movement, so although price is above resistance, it does not mean it will stay above it at the end of the business day. This...
good evening o/ a case could be made for the topping of the us dollar in the days ahead. --- while the chart may suggest this theory to be probable, the worldly conditions do not. though; last year when i called out a $100 target on dxy at the absolute low, it too didn't seem plausible - until it was. 💲
The high to low cycle in the dollar is looking to complete the primary target at the 88% retracement price at 102.25. **High to low cycle: Pivot high to Low retracement and have price action surpass the 24% retracement and downtrend line. Move up to fill the 38% target and hold uptrend without making a new low. Further upside targets Resistance above at...
the us dollar seems to be getting abducted by aliens here. it will likely continue getting pulled until 112~113 algo target is met. this will complete the longer term wave count, and it could begin a decade long correction to the downside after (in theory).
A popular yet often overlooked technical took is the Pitchfork. On this analysis I have applied it on the U.S. Dollar Index (DXY) on the 1D time-frame. The dotted line is the median, with the dashed being the 0.5 Fib and the black straight being the 0.75 Fib. As you see the latter two are used as Support (on the lower) and Resistance (on the upper) levels...
Hey! Hope all is well. Here's a quick trade idea you can dive into whilst using your own trade plan as well... All the best, TJ Disclaimer: Not Financial Advice
dxy is currently backtesting a decade old trendline, if we get above it, this is bullish for dxy - bearish for the global markets. this is my updated projection on dxy as of this moment. i do expect a downturn into a sub-wave 2 of the primary fifth wave to take place sometime soon. once that wave 2 is completed, there will be some real pain in the markets. if...
good afternoon, quick update to my previous dxy post via: the us dollar is finally up here at my target. might expand just a hint higher to my 123.60% extension (market burgundy on the chart). if it does indeed expand, expect a tad bit more pain in the markets. if it rejects the 100% extension, relief will come quickly as many assets across the board will...
DXY / USDOLLAR / DX1! is at equilibrium of its long term range (since Q1-2020). Hence I anticipate it'll be stuck in this range for quite a while - unless tensions escalate in Ukraine/Russia
morning, it was last february when i called out the rise of the us dollar, and it has been moving up ever since. my initial upside target back then was at about $99. you can view that idea over here: ---- we moved up in what looks to me, like a leading diagonal. >a leading diagonal can be counted in only two ways, >wave (A) >wave (1). we won't know for sure...
Candle says that the buyers are squeezed with the force and we expect a bearish market next weeks so if you hold this stock you'd better close the position. SELL WITH 80% OF PROBABILITY
DX1 analysis on the weekly chart What I'm saying may be wrong, it's just personal effort, the responsibility lies with you
i recently talked about this 10 year trendline on dxy, and its importance in the global markets. as of right now, both the usa and crypto markets are lining up for a major move to the upside - which leads me to the conclusion that dxy is going to be a leading catalyst for this. i'm not a fundamental person, in fact i don't know anything about any of that stuff -...