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DXY Bearish Longterm.Back in May of 2002 price created an imbalance in price for Dollar Index (Monthly Chart). Price had only participated in sell-side delivery, leaving behind buy-side inefficiency. Since that time price has returned to that Monthly SIBI (Sell-side Imbalance, Buy-side Inefficiency. Fully closing the imbalance, making price completely balanced. From that strong Point of Interest, price has reacted aggressively to the downside. It is of my opinion that the Dollar Index is long-term bearish. Short-term i'm under the opinion that the Dollar Index is Bullish, and heres why. Last month price dipped into another monthly imbalance in price...to the upside. I believe this is the first retracement leg for the overall Long-term bearish move. I am bullish DXY until price reaches equilibrium of the most recent monthly range swing high and swing low. Primarily I would like to see price retrace to the .62 FIB for what I believe to be an Optimal Trade Entry. Perfect for Position and Swing traders. For Day Traders/Intraday Traders, I will be anticipating price moving lower to attack sell-side liquidity, then take price all the way up to the level prior mentioned. Ultimately I will buying into the sell. What this means for me is that I will be firstly selling Foreign Currencies paired with the Dollar (i.e. EU, GU, AU etc...) to later buy them once DXY reaches the specified Point of Interest. (.50 FIB/.62FIB or a close of the Monthly -FVG) I hope this idea helps you with your trading. Bless.
TVC:DXY
by chaarate
EURCAD: Detailed Technical Outlook🇪🇺🇨🇦 Here is the wave analysis for EURCAD. The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse. 1.46 - 1.465 is the resistance of the range, 1.423 - 1.43 is its support. The upper boundary of the range matches perfectly with a key weekly resistance. Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios: If the price breaks and closes above the resistance of the range, one more bullish wave will be expected. While, a bearish breakout of the support of the range will most likely initiate a correctional movement. Wait for a breakout and then follow the market. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
GBP Set for Record Breaking LowsThe Pound closed weak on Friday as the bearish sentiment continues to drive the market with what appears to be a Double Top on the Daily Timeframe 1.19000 marks what could be the neckline where buyers may attempt to regain control A break of 1.19000 confirms Double Top and should trigger more shorts In September 2022 the Pound dropped to 1.0350 forming a 37-year all time low A break of this low would once again set new records First Targets will be at the September 2022 lows A break below could see the Pound trading as low as 0.98000 or lower over the next few months
Short
by Swiing
2
BTC Bull Run 1.22-6.57% 02 14 2023If you love the spot-on analysis done so far, please boost, share, comment, and follow for more. This strategy is also used Live by Green Lion Capital Social Trading on Zignaly. As projected earlier, the market experienced a reversal after accumulating enough volume for liquidation. I anticipate that the market will witness another bull run to attract more volume this time since many investors believe that we are gearing up for a major bull run as we did not break the $21k-20k zone. However, this is not the case, and based on current market metrics, the ideal target is $23,500. For this chart, the estimated entry zone roof is $22,056, and there is a potential upward movement of roughly 6% with a +/-1% tolerance. Confirmations have been made on the 5 minutes chart, 3 minutes chart, and through a private chart. *** Disclaimer: a second non-public chart layout was used to officially confirm this oversold point. Safe points to take profit: T1: 1.22% T2: 2.86% T3: 4.82% T4: 6.57% Baseline Information: The strategy used for this analysis takes into account the following factors: Timeframe: 3min and 5 min Symbols: BTCUSDT, ETHUSDT, BTCDOWN, and ETHDOWN Exchange: Binance Indicators: For obvious reasons, precise indicators names can not be provided, but this analysis makes use of VWAP, moving averages, and Fib charts. Chart Count: 8 3min chart confirmation: white MA crossing up yellow while above lowed dotted white line. 5min chart confirmation: vwap greater than lower dotted white line while with three candle confirmations above the white ma. Disclaimer: The information and publications are not meant to be or constitute financial, investment, trading, or other advice or recommendations.
Long
by ghost2019