Hello traders, according to my graphical analysis of DX1!, there is a high probability of a decline towards the support showing on the chart.
thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis and good buy opportunities.
The US CPI is out on Thursday, which is key, but the reason that we think this week is important for the Dollar is a technical one. We had previously been viewing this as a potential bull flag, however last weeks price action has negated that view, why? When a market breaks higher from a bull flag pattern it tends to be quite dynamic and directional, the break...
In this update we review the recent price action in the Dollar Index and identify the next high probability trading pattern and price objectives to target.
Nearing a multi year symmetrical triangle monthly resistance level, if we see a bull push over the next week I suspect by the FOMC meeting, the scale of probability will significantly increase for bullish continuation. However, if the current hourly trend turns bearish, the likelyhood that symmetrical triangle resistance level has been verified increases and will...
Indicated areas of support (green) and areas of resistance (red) are ascending (rising) and descending (falling).
These areas indicated suggested support / resistance for Monday, 3/13/22 and either rise or fall based on their channel structure ascending or descending.
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SO it has been awhile since I have posted on here. But I figured this could be of some value since it has been a long time since the dollar index has come into this "danger zone" so to call. The nice thing with trading is it's only dangerous if we don't know how to approach the markets. As traders we are the ones that determine our results.
Keep an eye on the...
DXY / USDOLLAR / DX1! is at equilibrium of its long term range (since Q1-2020). Hence I anticipate it'll be stuck in this range for quite a while - unless tensions escalate in Ukraine/Russia
Following March 2020, DX1 has decreased upwards of 13% with increased M2 money supply and inflation. As the next year unfolds the interest rate hikes will increase the dollars strength and hinder inflation.
Wave 1 begin Jan 2008 at 72 and peaked January 2009 at 84.5. There was a retrace into June 2011 at 74.
Wave 3 peaked at 101.74 in December 2016 and has been...
first we have BAT pattern has been completed with perfect levels
also we expect the price broke the channel just we have very important BOX from 95.275 to 96.200
we need to confirm the price action at these levels
Tightening Liquidity... Stronger Dollar.
Bond Yields Higher... Stronger Dollar.
Uncle Buck, the Lonesome Cowboy with just a hand held
radio to keep him sane.
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This creates Gale force winds for the Indicies to Sail into.
Typically it is the Northerlies that create the Marching Elephants
in the Straights of...
The Fed left its policy settings unchanged following its January policy meeting as expected. While responding to questions from the press, FOMC Chairman Jerome Powell noted that there was "quite a bit of room" to raise the policy rate without hurting the labour market. Powell further added that inflation has gotten worse since the December meeting and reaffirmed...
This graph demonstrates the last 5 years.
In March of 20 US starting spending heavily on Covid.
In January 21 Biden enters and retains the same fed chair and the US $ improves.
In November 21 The signs of inflation look like they are not transitory the US $ peaks and begin a bear market.
Today we languish 95.50 in a downturn that should take us to minimum...
The US Dollar Index (USDX, DXY) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of US trade partners' currencies.
