originally posted here . 102.500 DXY in the coming weeks? The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions. Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market. This divergence in data is likely to put pressure on...
last weekly bar of the Month of August is weekly key reversal bar, made a new low & closed off the high. current week price pulled back to its 0.618% & 0.70% fib level. last fib level expecting before rally up is 0.79% which is 100.68. last and extreme level may touch 100.50 as well. if price breaks & closes below the 100.50 then it can go down further. but key...
USD Dollar hit the 100.50 price level which is strong support area of last 8 months. 28th December 2023. this is quite strong support area which should fight to hold and reverse price upside to the 102.50. Buying zone 100.50, stop loss: 100.20, target: 102.50. Trend is quite bearish, reversal trade takes time to digest supply for long. If USD Dollar holds that...
4h time frame price tapped demand zone. suspect bullish for 105.60. if price retest 104.00 then ideal long setup on usd dollar. stop loss below 103.70, target: 105.60
Last week the US dollar index (DXY) closed at a 15-month low and beneath 100 for the first time since April 2022. Yet subsequent price action has seen a lack of conviction form bears, allowing prices to form a double bottom just above the March 2022 high and close with a Spinning Top doji yesterday. Given US yields are showing signs of stability (and hinting at...
bullish order blocked formed on 4h time frame on 23rh may, 2023. price until hold 102.80 suspect bearish, if breach then may suspect more down. demand zone 103, sl 102.70, target: 104.30
TVC:DXY Hmmm, with this NY session morning DXY being bearish, looking for plays on USD currency pairs. Remember, Trade management Trade well
Hi Traders, A possibility for price to push down towards the monthly low. Entry Price: 103.8 Target Price: 103.4 Hit the Boost and Follow if u agree. Trade Safe! Thank you.
USD Dollar index tested trendline support areas 108.15 which is 13th September low. Demand zone area for long 108.15-107.50. stop loss: 107.30, targt: 112.30.
a little weak we had under the curve support line but not closed yet on the weekly. maybe little more increase and then see a correction.
The printed money supply in the world is currently fed into the systems, consequence high inflation. Supply chains are healing but this might take some months until we're back in the game. Since the FED has no interest in sending the global economy into chaos, interest rate hikes will come to light again in the coming months and even interest rate cuts from 2023....
Daily playing in ascending broadening wedge with losing momentum continuously in the past couple of days loosing the trendline support 105.259 will be more downside for DXY here to major support levels 94.92 to 94.25 which causes disaster in all other markets. It might be the start of the continuation of the bear market. As every other major market is approaching...
The USD has been weakening significantly and there is a chance now to buy it. We are choosing GBPUSD to sell at 1.2175 with a 40 pip stop loss. It is overbought on H1, M30, M15. The H4 trend is up, so we will look to take money quickly with maybe a 40 - 70 pip profit.
Short Sell into Long Buy to End The Week I use the US DOllar as a tool to have a perspective on how the rest of the market should react to its direction. I only trade 10 pairs every week outside of crypto which I only trade 3 pairs. I trade correlative pairs to manipulate the market, have more opportunities to make profit and lastly to stack the odds in my...
#usd dollar, 14th June daily bar broke previous resistance to catch stop losses of short traders. 15th June made a key reversal bar dictation for weakness ahead. 102.90 initial target for short. while 101.50 target for medium term.
dxy usddollar i think it will rest for a very short time and came into range mode then fall to the downer zones
#USDDOLLAR, usd dollar monthly key reversal bar made a new high closed off the low. weekly bar 16th-20th May formed two bar reversal for bearishness ahead. 13th May daily bar is a key reversal bar confirmed with next bar down a insurance bar. 104.40-70 supply area for short. stop loss above 105.10 which is 13th May high.
hey tradomaniacs, Remember this Chart? 👉 The DXY (US-DOLLAR-INDEX) is currently re-testing a strong support-zone after a fakeout. Often a classic preparation for another move upwards which is why I`m holding trades. Watch this support-zone closely❗️👊 Also keep in mind that we will get to see the FOMC-Meeting today, which could be hella hawkish! ...