EXPECT SOME DOLLAR STRENGTHin my last DXY analysis I predicted dollar strength as I spotted bullish flag and it has broken and come and retested as predicted and is about closing with a bullish candle in a daily TIme frame, which it is a sign of pure bullish. already I'm short in EURUSD, I added some position which is playing out nicely. GBPUSD and AUDUSD is the next pair on my list. XAUUSD Is also sell not on my sell list though. enjoy.. remember reduce risk while trading correlated pairs.
Dxyanalysis
DXY Elliott Waves Analysis (midterm Expectations)Hello friends.
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Everything on the chart.
Nothing has changed from my last analysis, everything according plan.
We got downward impulse, like for me very soon should start correction with target zone 106.5 - 108,after that our downward movement will continue with minimal target zone ~98, maybe even 93, for wave of (C).
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DXY H4 ZONE MARKINGWe have an analysis of DXY H4 zone marking
According to this analysis, we have found that Dollar is a bullish move because of price is moving above the (200MA & 50 EMA) golden cross-over price also tested the trendline 2 times for more information we marked the Demand & supply zone which is mentioned in the downside
Demand zone1@ 104.563 to 104.397
Demand zone2@ 103.676 to 103.492
Demand zone3@ 101.863 to 101.519
Demand zone4@ 100.962 to 100.761
Supply zone @ 105.536 to 105.738
With this analysis, you will be able to find your most profitable trade. EnclaveFX does not recommend that you buy or sell this assist. We do not take any responsibility for your profits & losses. EnclaveFX believes in enhancing the knowledge of our clients & followers
dxy !!dxy is here at a key level once again a break here we could see another push down to that 104.4 level first then 104.200 area and if it fails to break back up we could see continued downside
on the flip side if it holds here we could see the dollar get strong
but at the moment its still a bit bearish so there will be some nice usd trade setups
dxy deciding areai want to see how dxy plays out but if the 104.800 level holds we could see a nice move to the upside if not we will see a test of bigger time frame order block which would a nice pull back for a possible move up either way im waiting on price development market is getting ready for some nice size moves
dollar index update!I am super bullish with dollar index.
Wallstreet corporation banks are fighting with FED despite that Powell's pessimistic speech afterward.
Fear and Greed index became GrEEEEEEED now :)
Extreme greed will appear soon.
then
Extreme fear will begin.
USA CPI data was low as expected. but we have to watch oil price and China's re-opening.
Inflation is a beast that we can't kill at once.
DXY New Week SetupPair : DXY Index
Description :
Impulse Correction
Bearish Channel in Long Term as an Corrective Pattern
Break of Structure and Retracement at Daily Demand Zone
Fibonacci Level
Divergence
Bullish Channel as an Corrective Pattern in Short Time Frame
Completed " A - WXYXZ " Corrective Wave
DeGRAM | Dollar Index DXY is approaching the major resistance level.
Price action may create an AB=CD pattern or an equal-measured move.
We anticipate a retracement from the resistance and Fibonacci extension levels.
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DXY - Febuary Price Action Analysis on the DailyHi guys. As everyone knows DXY is inversely related with all RIsk ASsets. We've seen the major markets and crypto start consolidating and falling in price. As the Dollar rallies.
This is on the Daily timeframe.
Ive drawn 3 trend lines which i followed closely to make sure i take profits in my trades across the boards.
First line we broke was the white trend line. Which pushed us to the next line, the red line. There was tremendous momentum seen with the size of the candles, especially the size of the one that broke out MASSIVE!
We fought that for a couple days and ended up breaking through to get to the last trend line, the Orange line which coincides with our downtrend from the September highs. This indicates we may have changed trends from downtrend.
Our next target is the white horizontal resistance line . Watch how DXY reacts here.
~Im in the camp that we will get rejected here in the short term when we reach.~
BUT if it consolidates around it, like price action did with the red line, it can break through.
ANd come down to test support on either:
1. On yellow horizontal line
2. Or the Orange slanted line
Indicator:
Also if you notice the RSI, as we were breaking the white trend line, it broke above the yellow moving average with force, and created a higher high from the previous high of the RSI. This also show cased that we would move further up in price and break the red trend line.
We are also getting to overbought terroritory on RSI marked by the 70 level or dashed line. And
We've been above the yellow MA for some time now, eventually to come back to test it and move below it which would possibly coincide with when the broader market stops consolidating. This can also coincide with not breaking the white trend line in the shorrt term. Lets see whats up!
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Let me know what you think and where the market is headed!
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Disclaimer: This is not financial advice and i am not a financial advisor. This is my opinion based on TA.
DXY ( High Probability SELL Setup SOON )* Here we can see clearly the next moves for USD index ( DXY ),
* We can see clearly the Bearish Divergence on the RSI indicator,
* This shows us more confirmation for our U.S. indices Strop Bullish Move,
* We're using H2 time frame for a clearer view of our analysis, hence we can't predict the duration of our analysis to occur,
* Keep a close eye on U.S. indices coming days & weeks,
* Happy pip hunting traders,
* FX KILLA.
USD Index Targets 104.820 After US Federal Reserve Meeting?We have learned that almost all US Federal Reserve officials backed a 25-basis-points rate hike at the last FOMC meeting held on January 31 to February 1.
Only a few officials favored a larger 50-basis-points hike at the meeting or said they "could have supported" it. Even so, many more dovish sentences were spoken in the latest meeting than compared to the December meeting. Although, officials did not go as far to consider a pause in rate hikes. The only time this topic was broached was in reference to foreign central banks and their potential strategies.
Of course, the meetings also showed the obligatory note that, although the rate hikes have started to ease inflationary pressure, officials agreed that there was much more work to do to get inflation under control and were definitely aware of the risk of not doing enough, so the drip of dovish language will likely continue for some time before a dovish outlook overtakes a hawkish. Especially, because the meeting took place before the release of the hotter-than-expected jobs and retail sales data from January. This might go some way in supporting the USD in the short to medium term.
Looking at the DXY after the release of the minutes, it looks to have helped the USD index push into the mid 104s, where it is encountering some resistance. The index only has to break into 104.700 to eclipse its recent one week high and return to its month high. A target above this range could include 104.820, which aligns with the 200-EMA and some peaks reached in January.
DXY Chart Analysis....
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart create Bullish Flag Pattern's breakout @104.360.
resistance level, then market Buy UP to 105:000; @ 105.500 and 106:000 resistance level.
Then market need seems sell correction to nearest Support 105.500 level.
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🥇Gold🥇 Analyze [Road map!!!🗺️(02/17/2023)]To analyze the chart of gold, it is better to start from the weekly time frame so that you can have a better view of the 🗺️Gold road map🗺️, so I suggest you pay attention to the chart below for a few seconds.👇
Now let's go to the Gold 8-hour time frame that I shared with you a few days ago; Gold ran through the zigzag(ABC) corrective structure as I expected.👇
Now, to make sure that the zigzag correction is complete, we go to the 1-hour time frame; as you can see in the chart of this post, microwave 5 of microwave C of the main wave 4 in PRZ seems to have been completed.
To ensure the end of the main wave 4, it is better to wait for the downtrend line to be broken in a valid way.
Gold Analyze ( XAUUSD ), 1-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 be glad to see your ideas in this post.
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