* The USD could see some weakness this week, probably not coming until mid-week price possibly propelled by double/bottom structures on mid-timeframes, however the Daily timeframe is indicative of some weakness with price below the moving averages. It's possible later in the trading week the USD could retreat to the 100.60 - 100.85 zone where there is...
Have a downware trend on USDX's charts so gold may become stronger and we should look for a good price point for long position. Have a order block on 1H , we can enter the position on 50% order block
hi all Im expecting a drop following a breakout of previous weekly resistance 103.216, but the USDX maintained its momentum and ended the week at 104.366. The price is close above my resistance level from the last trade plan. Therefore, to limit losses, I either cut after the market opens or wait till after US open and watch the price action. On the weekly...
hi all Following a breakout of the 103.256 level, I expect a correction to wave B. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
hi all I'm looking for a pullback around level 103.7, with a target of 102.1, before continuing long. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Since this idea posted. 2 weeks ago. at a price 99.590$ PRice easily shoot 102.8$ Im expecting light manipulation above the box line before it falls back for retesting at 101 zone or the price might be going down to the previous lows. If only The FED would stop raising hikes. Then we might see a Bullish on everything. If September has a hikes then The price...
Market structure showed a shift lower twice, and indication of downtrend continuation. Daily chart printed multiple rejection followed by thursday bearish engulfing candle. I anticipate price trade to or below the 50% level of the uptrend price range before buliishness resumes or we see downtrend continuation. I would like to see a pullback to my entry A or B....
greetings fellas, us dollar index in bearish 3 drive pattern and want to take sell side liquidity once again and reach to 99.84 zone. btw, in the second drive we seen 3 drive in 4h timeframe, maybe in third drive we will seen this pattern again but daily timeframe. after that i expect bullish spike candle to reach TVC:DXY 103.4.
Currently, tracking the USDX (US Dollar Index) has become more enjoyable than ever before. Upon further examination, I have come to the conclusion that the DXY has reached its peak and is now in a phase of aggressive decline, beginning from the level of supply that I have identified, or potentially even worse from the fair value gap (FVG). I will continue to keep...
Technical Analysis: - As you can see the above daily chart, USDX is still doing a ABC correction in blue - We present two possible paths - Black and Blue ( With actual data each path has 50% probability ) - The decision of both paths (Black and Blue) will be taken when USDX will arrive to the orange circle area - Short term structure is bearish - H1...
Here is my view for USDX on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for USDX on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Head and Shoulders has formed on Daily. It didn't even complete a decent looking right shoulder, which shows how strong the bears were to push the index. Moving averages are all bearish with 200 >21 > 7 MA. The interest rate hike has shifted attention to possible inflationary measures in the future for the US. This has resulted in Investors taking their money...
We continue to look after DXY. The dollar index is falling in a small wave C, the intermediate target of which is 107.20. A rise above 113 will change our view.
The dollar index is about to go bearish therefore the EURUSD will be going bullish for a while.
Inflation is USA still remains high, but it have eased a bit, showing the CPI published yesterday. The investors are currently more worried regarding the interest rate increase that Fed is planning to implement in order to continue slowing the inflation. USDX broke the support of the triangle pattern on the 1 day graph, which might indicate a downturn for the...
US dollar bounced back from his stron buying zone ,now approaching to his strong selling zone, after confirmation at selling can take short trade with stoploss above selling zone handsome gains.
Looks like Dollar made a high while running stops above MAY highs Then an impulse lower Retrace higher to rebalance Expecting next leg lower Looking for buy set ups in Majors while Dollar weakens