DXY – 2H Chart • Possible bearish pattern, with a probability of an Expanded Flat in Minuette (ii) (black), which could lead towards a bearish impulse in Minuette (iii) (black).
On Oct 5, did an analysis on Eurjpy where the trade was triggered only 3 days later. From execution to achieving the exact Target profit was a total of 8 days. They always ask what will you do differently if you get to relive your live again or if you are young again? But the interesting thing about trading is that you get to relive redo and reenact your beliefs...
Ahead of the data releases today, this post elaborates on why these indicators matter for the economy and what exactly they show. To begin with, Capacity Utilization refers to how much of available production ability has been used in the past month as a percentage of the total production ability. Naturally, the higher the Capacity Utilization rate used, the...
The usdchf hit a low of 0.9540 before retracing to 0.9960 . That's a whopping 460 pip of retracement. Thus what's the revelation? U can never be too sure about the extent of how much a currency pair would retrace and if (surprise surprise) it could eventually even start an uptrend on its own. Such is the reality. The analysis is as good as it gets at the point of...
H4: - Top: Double top - Tendency: Downward - Below resistance --> Down !
H4: - Top: Double top - Tendency: Downward - Below resistance --> Down !
DXY - Fractal Pattern example: 1 - Weekly Chart: 2 - Daily Chart: 3 - 2H Chart: Verdict: Down-trend coming for USD (DXY)
A Eurusd short was attempted at the break of 1.1450 which was shortlived as it has chosen to reverse its original course of action. At the moment as long as prices maintain above 1.16 more upside is expected with a probable target of 1.1750 Any break below 1.1540 would be a warning sign to reassess all long positions initiated.
The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. In other words, the PPI measures the prices offered to manufacturers of goods and services, in contrast to the CPI which measures the prices consumers (end-users) pay to obtain the good or service. The prices included in the...
USD Index (DXY) seems to have survived the selloff and is holding above the weekly ichimoku cloud. The move higher becomes increasingly likely as time passes.
Hello Traders, In this chart, I have defined Monthly and Weekly Support and Resistance Zones. The reason I define the time frame of S&R is because the higher time frames hold more strength. The reason for this is because there are larger institutional players in the markets at these levels and in some cases, governments and central banks. With that said, here...
In accordance with what is described in the chart, the dollar index seems to be completing wave b from a zigzag pattern. If wave b completes, wave c will be able to reach the target price of 93.65.
H4: - Sideway : Double top and bottom - Below resistance daily --> Down !