Hi. As I said in my last forecast the gold will move up, and we saw the pressure of the news on USD so it touched the 4h trend and it got responded which we which broke the 15 min down trend and got pull backed... now we wait for our target. Here is my last forecast as I mentioned.
Thank You and plz tell me what do you think.
We are still bullish on DXY. in the coming week we expect a little pullback from the supply zone before the index continues to push higher. the first zone in my eyes is 96.4
i highly recommend doing DXY analysis before market opening at least if not everyday. that will help you to spot important zones and directions of usd pairs and then trading the pairs in a...
I anticipate a selling opportunity in the coming week for DXY, it is evident that there is a triangle wave pattern with wave (e) ending at 96.43.
A breakout of the triangle pattern is expected, with a target of 95 price level.
Hey Traders, in the coming week we are monitoring DXY for a buying opportunity around 96 zone respecting the daily supply and demand zone in combination with the bullish trend. Once we will receive any bullish confirmation the trade will be executed.
i highly recommend doing US DOLLAR INDEX analysis at the entrance of every trading week if not everyday to trade...
US Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
My most recent analysis on the U.S. Dollar Index (DXY) was a long-term one comparing the current situation to mid 2018, plotting a potential long-term Channel Up for next year but calling first for a sizeable correction:
This time I bring you back to the 1D time-frame where my call for a shorter-term correction may be taking shape after all, as DXY seems to...
Hi All, my main 3 take-outs from this analysis are the following:
1- In the weekly chart - so long term view - the US$ is possibly going to re-test the 110 area (at least!). In fact, in that area we have a strong uptrend line (in red) which will possibly act as support
2- The cross came out from a descending channel which lasted since the end of 2016, and this...
Hi All, my main 3 take-outs from this analysis are the following:
1- The cross is just re-testing the static support at 1.3360, which also recalls the neckline of a wide reverse head & shoulder, which is visible in the daily chart.
2- The cross is rebouncing on the 61.8 fibonacci level of the uptrend leg that started on Sep 2020 from the 1.27 level, and this...
Hey Traders, wish a happy weekend for y'all!
i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in the coming week expect a pullback for the dollar index around 95.9...
Although US Dollar Index is in the uptrend and price is bouncing on the ascending trend line, price is facing a strong bearish pressure and has started to retrace the previous uptrend.
Currently, price is dropping sharply and I expect a fall to 95.520, which is also the 38% level of Fibo.
If today’s Daily candle closes below the yesterday’s candle and engulfs...
Hey Traders, hope you had a great Weekend.
it's time now to start a fresh week, i would love to recommend you to take in consideration the USD INDEX analysis in the beginning of every week at least if not everyday. That will help you to trade USD pairs more professional and will help you to spot the direction of USD pairs too.
in this week we will be focusing on...
USD Index Nearly Its Correctio Level, Let the marker correct first, then we can carry buy the USD against all other major currencies except safe-haven assets again.
As an investor and trader, you should buy at a low price and close at a higher price if you can't win at buying and must not make a profit at selling.
From the present condition, 95/95.30 is...
The U.S. Dollar Index has made a Triple Top just over 94.260. Currently the 4H MA200 (orange trend-line) is giving a short-term bounce but the true Support is the 1D MA50 (red trend-line), which already held once on October 28.
Based on the long-term Bullish Megaphone though, the downside target of a Higher Low is the 0.786 Fibonacci retracement level and that is...
