Dxyshort
DXY Rejection at the resistance trendlineUS Dollars TVC:DXY is back at the resistance trendline, after some momentum move in the past few days. I expect a rejection at this level which would bring the price down.
However if price breaks through the resistance and closes above the trendline, i will conclude that the downtrend season is over and price will continue rally to the upside.
But my bias is a short if price is rejected at this zone
UPDATE: DIXIE still on its way down to 96.40Since September 2022, the DIXIE has been coming down on a strong bear trend.
When this happens, the US Dollar weakens and many of the other currencies strengthen.
Hence you can see the EUR/USD taking off for the first time in months...
Anyway, technically the DIXIE is still showing more downside to come.
Technically, the price remains below 200SMA (Black Line) which turned the background RED.
Second, the RSI has remained below the 50 mark, which is why the background remains red - Bearish...
Thirdly, there is a strong down channel which the price is riding down.
My first target for the Dixie remains at is 96.40.
Trade well, live free..
Timon
(Financial trader since 2003)
MANAUSDT SWING LONG Here are the fews points i am looking for this chart
1.Price showing us deep pull back breaking though last uptrend swing low
2.Price showing us a new strong momentum to the upside
3.We can compare those down wave to the new up wave , very clear that buyer are taking control
4.Price start to consolidate and holding up the FIB 50% level (showing us price are strong to buy )
5.We need to see price break out in strong momentum bar before we entry (maybe restested )
6.Remember we are buying new higher high make sure moved you stop loss to breakeven when you are in profit about 1-1 risk and reward
7. Target : no Target (trend following )
DXY DUMPAll HTF from Weekly To Daily are Down trending
Price on the H4 and is ranging and i assume its all manipulation. Bonds are making a pullback due to interest rate hikes. but none the less price is still very very bearish. Even the USDJPY is on a pull back this confirms that the market is now risk on as Beta Currencies are taking a Dive too.
BITCOIN MINI BULLRUN BEFORE 2024Comparison of BTC Yearly Outlook for 2023 with DXY Yearly Performance of 2021
Bitcoin printed the exact same Pivot Grid for this year with DeMark, Woodie & Camarilla.
Fractal (DXY-2021) is applied on BTC
Will we see a bounce from Pivots DeMark (green) and Woodie (orange) to new Lows for BTC before we reach a High for this year at around $32K?
Next Move DXY (comparison BTC)In this comparison we see
BTC Yearly Performance 2022-2023 and
DXY Yearly Outlook 2023-2024
The Indicator is PIVOT POINTS STANDARD with DeMark, Woodie & Camarilla.
The Grid of all 3 Pivots for BTC in 2022 is the exact same for DXY for this year.
Will DXY dump this year? Is BITCOIN surpass its ATH?