Hey Traders ! On Tuesday 16 April, The NZDUSD Reached a Support Level (0.58774 - 0.58590). Yesterday, The Price Broke The Resistance Level (0.60830 - 0.60598). The Resistance Line is Also Broken. So, I Expect a Bullish Move 📈. ---------------- TARGET: 0.61750🎯
🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
📈💼 DXY Update! 💼📉 Hey there, traders! 🌟 The dollar index, DXY, is in the spotlight once again! 🚀 Currently, it's cozying up to a crucial support trendline after some recent rollercoaster rides. 🎢 This area has become a hot topic, especially after a quick dip and an even quicker recovery. 🔄 But hold your horses, we're not out of the woods yet! 🌳 The upper...
The EUR/USD pair is poised for a potential downside move as key technical and fundamental factors align. Here's my analysis: Target Projection: With a clear break of 1.06, the EUR/USD could aim to take out the previous year's low, currently at 1.0450, and head straight for the level of 1.0377. This breakdown suggests that sellers are gaining control and may...
The EUR/USD 1-hour chart shows a clear pattern of bullish movements, marked by three distinct legs of upward momentum. Each leg is followed by a pullback, indicating a consistent pattern of price corrections after bullish advances. Given this recurring behavior, it is likely that EUR/USD will experience another pullback similar to the previous movements. For the...
There's a bullish sentiment in both the short-term and mid-term outlooks for the pair. Two critical zones to watch are approximately 1.08356 and 1.08585. Consider ECB Financial Stability Review and then enter regarding your personal setup.
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 104.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.200 support and resistance area. Trade safe, Joe.
Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
we believe The DXY TVC:DXY will rise after inflation data. in the technical term we can see a 5-wave impulse pattern and an ABC correction after that we may see another 5-wave upward momentum. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer:...
On Yesterday News DXY has broken our 4h Trendline and has formed a Bullish Divergence. Considering today's News we can expect a restest of our trendline and then fall to the downside.
The US #Dollar is trading in the middle of its range since Late 2022. It is also holding the recent uptrend well. TVC:VIX is a tad lower today. #Gold & #Silver still look good, Daily & Weekly. Loading up on AMEX:SLV when we stated the inverse head & shoulder was a good move. (took some off recently but still have large position) AMEX:CEF AMEX:GLD
The dollar index #DX1! respected its previous downtrend and the News about CPI (Consumer Prices) today helped with this movement to the downside. Will the Dollar continue its Downtrend or will change its Direction to the Upside? CPI m/m Actual: 0.3% Forecast: 0.4% Previous: 0.4% Empire State Manufacturing Index Actual: -15.6 Forecast: -9.9 Previous:...
by the Politicians, Talking heads and Bankers. Governments can only Tax, Borrow & Spend Central Banks can only Print & Lend. If this index were to rise by the average of 43% You are looking at the CPI Index hitting 372 by Jan 2030 There is every likelihood this decade, will be a higher than average inflation rise. You must save in scarce Assets #Gold &...
So it appears. Will smash through the key level of 100 and onto the 94 area.. The dollar moves have massive ramifications for every financial asset , commodity & currency. lets see what it gives us.
The release of core inflation rate data in the United States can impact the AUD/USD exchange rate, especially on a weekly timeframe, due to its influence on market sentiment and monetary policy expectations. Firstly, let's break down the core inflation rate. Core inflation measures the change in the price of goods and services, excluding volatile items like food...
Previously, The Dollar Index Formed a Bearish Double TOP Pttaern. At The Moment, The Price Has Pulled Back to The Neckline and Failed To Break it ! So, I Expect a Bearish Move 📉 ----------- TARGET: 105.08🎯
Well hello, traders. Here is my view on the DXY daily chart. As you can see the price left the buy-side liquidity which formed as an equal high, and then respected to the 50% of bullish FVG which is internal range liquidity. In this condition usually, the price seeks to the external range liquidity. So the first scenario is bullish and I follow this scenario...
Greetings Traders, I'm observing a sustained bullish institutional order flow in the Dollar, targeting the weekly and monthly buy stops as my buy-side objectives. Currently, we're operating within discount prices, having rebalanced the daily discount Fair Value Gap (FVG) and tapped into the mitigation block, a zone of institutional support. Additionally, price...