My Dear Friends , I analysed this chart, and concluded the following: BIAS: Bullish ENTRY: 108.541 TARGET: 109.237 STOP LOSS: 108.092 ——————————— WISH YOU ALL LUCK
The DXY is at at trend line that hasn't been broken in 18 years. The Jackson hole news is the perfect news to make the dollar bearish. A big short is about to happen.
1h time frime and wekly and dailyy all want dumping
The DXY is correcting a little, and the ADX is clearly showing we have reduced the upward pressure. It feels we may see another attempt higher, and likely support 108.00 area will hold for a mopve back 109.00 and beyond is my humble opinion.
Looking for DXY to Reach at least 112 first before going down below 100. Most likely to only see below 100 by end of this year.
BEFORE OPENING YOUR TRADE: - Remember risk management 1-3% of your capital - Take profit of your position partially - Don't open too many orders at the same time - Be patient - Don't be so greedy - Waiting for a candle close and execute your plan. - DON’T FOLLOW BLINDLY - ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE! YOUR TRADE YOUR DECISION!
Hello Traders DXY formed AB=CD pattern and price reject from important monthly resistance and price make series of LLs and LHs and bearish trend continues
It looks very much like the stock market correction is not over yet. We have been seeing DXY since 2008 in the ascending channel. According to Fibonichi, I see the end of the 5th wave at the level of 114 points, possibly a puncture to 115-116.
DXY dollar index near to finish the bullish The DXY dollar index is approaching the end of the bullish trend and the beginning of a downward phase that may extend to the levels of the nineties
The current correction process is expected to move along the specified path. Then, according to the behavior of the price in the range of the support trend line, possible scenarios have been determined
Here as expected - DXY is exhausted with pushing so much up, that it didn't even reach the wedge's top line and stopped at the horizontal resistance. It started moving down and expecting it to move as I previously predicted - go for the bottom of the wedge - and a final bounce up and go down for the much needed retracement. Additionally EURUSD is also looking...
The DXY (USD versus various other major currencies) had a bit of a pull back against its reaching the recent highs. However this pullback was in a bullish descending wedge pattern and now we see what looks like a breakout. It could re-test those recent highs again soon.
Tomorrow is a big day in the markets as the Jackson Hole Symposium is under way where monetary policy leaders from around the US will be meeting to discuss monetary policy and other key economic issues. The US GDP (QoQ) (Q2) Forecast: -0.8% Previous: -0.9% figures will also be released which is a highly important event, this will measure the change of inflation in...
The DXY looks like it is reaching a top here, maybe some event could be the trigger like Jackson Hole, peace in Ukraine or something else?
✅DXY has retested a resistance level And we are seeing a bearish reaction With the price going down but we need To wait for a confirmation Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hi Traders, in this market breakdown I will be discussing about my short-term view on the dollar index (DXY) Trade safe and take care.
In all the very powerful upward paths of every market, there is finally a peak where this trend needs a short, long or medium-term break, and in the dollar index or the dxy, by observing involvement in this area in the daily time frame and breaking all The peaks and the conquest of a new peak are finally involved in this area and need to rest, and from here we...