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Usddollarindex

DXY could MOVE UP!Hey tradomaniacs, DXY (US-DOLLAR-INDEX) continues its breakout of the primary trendchannel and is now facing a very strong demand-zone❗️ According to my wave-count we should see another wave up which will initiate either the continuation of the globale uptrend or a just a correction of the current impulse. Either a wave X, which would be a correction of the W-X-Y-Pattern or an A-B-C-pattern, which would correct the current impulse are both possible scenarios right now. In both cases the US-DOLLAR would rise at least back to the previous support-zone. The stockmarket is completly overheated and not reacting to any positive news and hopes anymore, such as stimulus and vaccine. This is showing that bulls are suffering under a lack of power, thus an exthaustion would be the consequence and so a rising (retracing) US-DOLLAR. Previous news about a 12-Month-exetenstion of the ECB`s Bond-Buying could put EURO under pressure aswell. Let`s see what happens with the upcoming Non-Farm-Payrolls.👌
TVC:DXYLong
by Trading2ez
4
DXY (US-DOLLAR) playing GAMES! Good momen tum coming soon? Hey tradomaniacs, looking at DXY we can clearly see how the market does not know what to do. It`s kinda hard to say where majors go as long as DXY (US-DOLLAR-BASKET) is playing these games. After three attempts to break through the resistance while SPX500 has shown a fakeout below a Key-Support-Level yesterday DXY continues to consolidate in a range. I`m carefully watching the current market-depth but its just an random up and down. A break into any direction will probably cause good momentums to catch. Stimulus seems to be impossible ahead the election so a break to the upside could be likely. LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:DXY
by Trading2ez
1
DXY has a DECISION to make!Hey tradomaniacs, tough week ahead with a lot of risky events which will drive the market crazy! Election debate, further stimulus packages and Non-Farm-Payrolls... uff! "Investors might have been growing increasingly impatient with a lack in expediency of additional US fiscal stimulus. At a congressional testimony, Fed Chair Jerome Powell stressed the need for further support from the government. Still, volatility cooled into the end of the week. The VIX ‘fear gauge’ failed to accumulate material upside momentum. Might volatility pick back up? This coming week is certainly filled with event risk. All eyes will turn to the US House of Representatives where the chamber may vote on a $2.4 trillion fiscal package. This is as Donald Trump takes on Joe Biden on Tuesday during the first presidential debate ahead of what is likely to be a tense election come November." "The Euro has been seeing some selling pressure, particularly as coronavirus cases in parts of Europe pick up pace. Might the British Pound regain some lost ground as the EU and UK head into another round of Brexit talks? All eyes at the end of the week turn to the US non-farm payrolls report. Chinese manufacturing PMI will also be watched to gauge the health of global growth." Why so uncertain? Well there are bearish aswell as bullish aspects to see in the chart! Bearish: Cycle-Analysis Double-Top-Pattern Breakout of Channel Potential Wave-Continuation (c) Breakout & Retest-Scenario Bullish: Previous close above Resistance-Zone Strong momentum to the upside SPX500 in downtrend and TL Wave (c) could be finished FAN-LINE holding No idea what is gonna happen! I guess it will be up to the upcoming decisions! :-) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
TVC:DXY
by Trading2ez
9
DXY | Dollar Getting Stronger..!!DXY (Update) US Dollar Index has been getting Stronger Since NFP News. At the Moment, Facing Major Resistance (94), If this Resistance got Cleared too, Next Stop would be Trendline Resistance (94.20) Expecting Trendline Breakout 📈 & Good News From United States in Coming Days USD Upcoming Major Events CPI (m/m) (Today) Unemployment Claims (Thursday) Retail Sales (m/m) (Friday) Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
TVC:DXY
by Faibik
11