DOLLAR/DXY INDEX
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 of dollar continues to Shoot.
This is only my view base on charts. IF you follow this idea, you made a lot.
Thank you and IM almost got 400 followers.
Well I keep posting good stuffs, enjoy trading and Happy NFP later...squeezing both sides.
Goodluck folks.
Usdx
Crunch time for DXY - Big Day Friday!I never trade DXY but I always have a tab open, I find this really useful when trading many pairs.
My current take on the Fed and the US economy is:
They were the first to respond to growing inflation
Their tightening has led to interest rates of 5.5% (only matched by BNZ)
They've hawkishly indicated more hike(s)
Consumer confidence numbers this week were strong, in spite of this
Jobless claims continue to beat target
GDP for June smashed target (2.4% up from 2%, despite forecasted reduction to 1.8%)
Inflation is now 2.97%, really low compared to others
It's looking very much like a soft landing
Whilst at the same time:
ECB interest rate held at 4.25% with inflation at 6.4%
BoJ interest rate held at -0.1% with inflation at 3.3%
Swiss inflation is 1.7% with interest rates at 1.75%
BOA interest rate held at 4.1% with inflation at 6%
BNZ interest rate held at 5.5% with inflation 6.7%
BoE decision this week, currently 5%, +0.25% priced in, but Dovish talk and highest inflation (7.95%)
So, I can't fail to see positive fundamentals from the USA, in comparison with almost everyone else?
I also think that because they moved fast and got a grip of things, unlike anyone else, they can still afford to hike without screwing their economy, unlike BoE and BNZ for instance who I believe are heading into big recessions - high interest will get to a point where it's as harmful as high inflation and will make the situation worse for the economy.
That all said, until the news this week, DXY has been on huge downtrend from it's highs, and it will take something special to break through the descending trendline around 102.
If it breaks this could be the start of a reversal if positively retested.
Like I say I don't trade DXY, but I've learned to always have it in my sights, you have to be mindful of big DXY shifts as it has an impact on many other crosses (not just USD ones). For instance the big move this week with the Thursday data had a huge effect across the board, fortunately I was expecting it...
We have a big indecision doji candle for Friday, however, off the back of last week being positive for the USD and negative for other currencies that make up the basket, I do think the dollar will court the trendline for this week, and we'll probably see a false breakout!
On the 4hr I'm seeing short term bullishness, bounce up off the 50% fib for the last bullish move:
Whatever, Friday will be a huge day, with NFP and Average Earnings released - I'm expecting DXY will have dropped back a bit by then, I'm expecting good data on Friday, but I don't think it will matter, good or bad it will lure us into a false sense of security and DXY will bounce down, hard with bad data, less so with good data, but regardless - I can't see it punching through on this juncture.
As always this is just an opinion, let's see what happens!
Crunch time for DXY - Friday will be a big day!I never trade DXY but I always have a tab open, I find this really useful when trading many pairs.
My current take on the Fed and the US economy is:
They were the first to respond to growing inflation
Their tightening has led to interest rates of 5.5% (only matched by BNZ)
They've hawkishly indicated more hike(s)
Consumer confidence numbers this week were strong, in spite of this
Jobless claims continue to beat target
GDP for June smashed target (2.4% up from 2%, despite forecasted reduction to 1.8%)
Inflation is now 2.97%, really low compared to others
It's looking very much like a soft landing
Whilst at the same time:
ECB interest rate held at 4.25% with inflation at 6.4%
BoJ interest rate held at -0.1% with inflation at 3.3%
Swiss inflation is 1.7% with interest rates at 1.75%
BOA interest rate held at 4.1% with inflation at 6%
BNZ interest rate held at 5.5% with inflation 6.7%
BoE decision this week, currently 5%, +0.25% priced in, but Dovish talk and highest inflation (7.95%)
So, I can't fail to see super positive fundamentals from the USA, in comparison with almost everyone else?
I also think that because they moved fast and got a grip of things, unlike anyone else, they can still afford to hike without screwing their economy, unlike BoE and BNZ for instance who I believe are heading into big recessions - high interest will get to a point where it's as harmful as high inflation and will make the situation worse for the economy.
That all said, until the news this week, DXY has been on huge downtrend from it's highs, and it will take something special to break through the descending trendline around 102.
If it breaks this could be the start of a reversal if positively retested.
Like I say I don't trade DXY, but I've learned to always have it in my sights, you have to be mindful of big DXY shifts as it has an impact on many other crosses (not just USD ones). For instance the big move this week with the Thursday data had a huge effect across the board, fortunately I was expecting it...
We have a big indecision doji candle for Friday, however, off the back of last week being positive for the USD and negative for other currencies that make up the basket, I do think the dollar will court the trendline for this week, and we'll probably see a false breakout!
On the 4hr I'm seeing short term bullishness, bounce up off the 50% fib for the last bullish move:
Whatever, Friday will be a huge day, with NFP and Average Earnings released - I'm expecting DXY will have dropped back a bit by then, I'm expecting good data on Friday, but I don't think it will matter, good or bad it will lure us into a false sense of security and DXY will bounce down, hard with bad data, less so with good data, but regardless - I can't see it punching through on this juncture.
As always this is just an opinion, let's see what happens!
2023.8.4 USOUSD rose sharply yesterday2023.8.4 USOUSD rose sharply yesterday
Hello, I'm Older Duan. Today is Friday, August 4th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index began to fall down yesterday, and today it is close to 2.382 (102.29) of the top down golden section in the figure!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been closing below the daily average density range for two consecutive trading days! Then, in the future, we will continue to use the daily line level of 165MA, or $1941.54, as the important Bitwise operation operation in the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil rose sharply yesterday, almost covering the decline of this Wednesday, and is about to once again challenge the recent bottom up gold split of 2.382 ($81.97)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro has been engaged in a long short competition at the daily level of 55MA (1.09508) against the US dollar in the past three trading days! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound broke through strong daily support against the US dollar yesterday, with the bottom facing the 2.000 level (1.26793) of the golden section, which was also the highest point on May 10, 2023. Today, it almost tested the daily level of 55MA (1.27555) against the top! Then in the future, these two positions can be used as the Bitwise operation of the important points in the day! Within these two positions, throw high and suck low; Beyond these two positions, chase up and kill down!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Friday, and there is a big non agricultural data market tonight. Please pay attention to the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.8.3 USDX has entered a pressure intensive zone2023.8.3 USDX has entered a pressure intensive zone
Hello, I'm Older Duan. Today is Thursday, August 3rd 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has entered the pressure intensive range with daily levels of 55MA (102.55), 144MA (102.71) and 165MA (102.87)!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has fallen below the daily level moving average density range: 55MA ($1945.1), 144MA ($1948.2), 165MA ($1941.5)! Then, in the following days, we will continue to use the daily line level of 165MA, or $1941.5, as the important Bitwise operation operation in the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil tested strong support levels against yesterday and today, with the bottom of the daily level against the gold split of 2.000 USD and 79.00 USD! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro broke through the daily level of 55MA (1.09455) against the US dollar yesterday, and has now reached below this level! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound fell below the daily strong support level of 55MA against the US dollar yesterday, and yesterday and today's lows touched the recent bottom of the gold split at 2.000 (1.26793)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Thursday, there is a UK interest rate resolution tonight, and there will be NFP data market tomorrow evening. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.8.2 USD is about to hit strong pressure2023.8.2 USD is about to hit strong pressure, and US crude oil slightly weakening!
Hello, I'm Older Duan. Today is Wednesday, August 2nd 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index is about to hit the strong pressure daily level 55MA (102.554)!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold broke through the daily strong support of 55MA ($1946) today! Then, in the following days today, the daily line level of 165MA, that is, $1941.57, will be taken as the important Bitwise operation in the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil is vying for a long short position at the bottom of the chart against the 2.382 position (81.97 US dollars) on the Golden Divide today! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro hit the daily level of 55MA (1.09378) against the US dollar yesterday! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, both yesterday and today's lows of the pound against the US dollar hit a daily strong support of 55MA (1.27462)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Wednesday, and there is ADP data market tonight. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
DXY 8hour chart EURUSD bulls get ready to buy low🔸Hello traders, let's review the 8 hour chart for DXY the US dollar index today.
Noteworthy sequence of lower highs and lower lows, bears maintain control in this
market. currently bounce in progress, target is 102.80 then we should resume
the downtrend sequence.
🔸Previously well-defined swings and lower lows indicate that we are still in a
strong downtrend until at least 99.00/98.00. upside limited/capped near 102.80.
at the same time we got a pullback in EURUSD, however overall uptrend in EURUSD
is still intact, therefore bulls should focus on buying swing lows soon.
🔸Recommended strategy for EURUSD bulls: wait for DXY to max out / complete
the bounce near 102.80 and enter BUY trades (translates to EURUSD near 0920).
DXY new projected swing is 102.80 high into 99.00/98.00 low.
Therefore conservative TP EURUSD bulls is 1360/1420). good luck traders!
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2023.8.1 US crude oil is about to hit strong pressure!2023.8.1 US crude oil is about to hit strong pressure!
Hello, I'm Older Duan. Today is Tuesday, August 1st 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index is about to hit 2.382 (102.234) of the top to bottom golden section!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold is still engaged in a long short battle near the key position of $1960, which is also the 2.000 level of the gold split at the bottom of the figure and the highest point on February 2, 2023! Then, in the following days, we will continue to use the daily line level of 21MA, that is, $1956.64, as the important Bitwise operation operation in the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil continued to rise sharply yesterday, approaching the bottom of the chart at 2.382 ($81.97) above the gold split! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro weakened against the US dollar yesterday and today, and is about to hit a strong support level, with a daily level of 55MA (1.09326)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound against the US dollar is still undergoing inter district volatility consolidation between daily levels of 21MA (1.29203) and 55MA (1.27390)! Then in the future, these two positions can be used as the Bitwise operation of the important points in the day! Between two points, maintain a oscillatory and organized approach; Beyond these two points, maintain a strategy of chasing gains and killing losses!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Tuesday, the first trading day of August this year. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.7.31 US dollar cross star2023.7.31 US dollar cross star, non US currency precious metals rebound slightly, US crude oil is tight
Hello, I'm Older Duan. Today is Monday, July 31st 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the daily closing line of the U.S. Dollar Index last Friday is a cross star, which is a standard turning signal!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold hit multiple support levels last Friday and last Thursday, with daily levels of 55MA, 144MA, and 165MA, with a dense moving average range, and then rebounded to a key level near $1960. This position is also the 2.000 level on the bottom of the gold split in the figure, and the highest point on February 2, 2023! Then, in the following days today, the daily line level of 21MA, or $1954.75, will be taken as the important Bitwise operation in the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil surged last Friday and closed near its highest point, a standard bearish market! Then, in the following time today, the highest point of $80.52 on the previous Friday will be taken as the Bitwise operation of the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, after hitting the daily level of 55MA against the US dollar last Friday, the euro rebounded upwards and returned to the bottom of the chart at 2.618 (1.10121) on the gold split! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the GBP USD fluctuated between daily levels of 21MA (1.29222) and 55MA (1.27308) last Friday! Then in the future, these two positions can be used as the Bitwise operation of the important points in the day! Between two points, maintain a oscillatory and organized approach; Beyond these two points, maintain a strategy of chasing gains and killing losses!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Monday, the last trading day of July this year. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.7.27 gold breaks against the upper limit2023.7.27 gold breaks against the upper limit
Hello, I'm Older Duan. Today is Thursday, July 27th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index weakened for three consecutive trading days, and today it stepped back on the daily line of 13MA!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold broke free from the key position of $1960 today, breaking the upper limit. This position is also the 2.000 level of the gold split in the figure, and it is also the highest point on February 2, 2023! Then, in the future today, the opening price of US $1977 on June 2, 2023 will be taken as the important Bitwise operation of the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, today is the fourth trading day for US crude oil to engage in a long short competition at 2.000 ($79.11)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose sharply against the US dollar today and is about to hit a strong pressure level. The opening price on Monday is 1.11237! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound has strengthened against the US dollar for three consecutive trading days, breaking through the opening price of July 20th (1.29363) today! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Thursday, and tonight there will be ECB interest rate resolutions, US Unemployment Claims, and ECB President Lagarde's speech. Please pay attention to risks.
Im Older Duan. Wish you happy win . Goodbye!
DXY LONG PROJECTIONThe DXY (Dollar Index) recently experienced a false breakout below the daily support level. However, the price quickly reversed and re-entered the support area, signaling a potential accumulation of buying pressure. As a result, there has been a retracement back towards the buying zone. Anticipating a bullish scenario, we expect the DXY to rally upwards, targeting the formation of a trend line.
2023.7.26 USD has hit strong pressure2023.7.26 USD has hit strong pressure, and US crude oil has hit a new high in the near future!
Hello, I'm Older Duan. Today is Wednesday, July 26th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index peaked at 21MA, the daily line of strong pressure, and began to weaken today!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been vying for long and short positions at a key position of $1960 for three consecutive days, which is also the 2.000 level of the golden section in the figure and the highest point on February 2, 2023! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil rose and fell yesterday, and the daily closing continued to be suppressed by the recent bottom up gold split of 2.000 ($79.11)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro broke through the daily level of 21MA (1.10655) against the US dollar yesterday and peaked at this position today! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound rose sharply against the US dollar yesterday, swallowing up Monday's decline and returning to the daily level of 21MA (1.28968)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Wednesday, and there will be Fed rate -decisions tonight and early tomorrow morning. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.7.25 USD has slightly declined, and US crude oil has surged2023.7.25 USD has slightly declined, the long short competition for gold is ongoing, and US crude oil has surged!
USD Index broke through the daily line level of 13MA and the top to bottom golden section of 2.618 yesterday. Today, it is down slightly!
Gold engaged in a long short battle at a key position of $1960 yesterday and today, which is also the 2.000 level of the gold split in the figure and the highest point on February 2, 2023!
US crude oil rose sharply yesterday, and both yesterday and today's highs were suppressed by the recent bottom against the 2.000 level (79.11 US dollars) of the Golden Divide!
2023.7.24 USD is strong, Gold is stepping back to support2023.7.24 USD is strong, gold is stepping back to support it, and US crude oil is strong!
Hello, I'm Older Duan. Today is Monday, July 24th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has returned to the top daily level of 13MA and the top to bottom golden section of 2.618!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold retreated to a critical position of $1960 last Friday, which is also the 2.000 position of the gold split in the figure! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil surged last Friday, breaking through the daily level of 233MA ($76.496) for the third time recently! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the daily line of the euro against the US dollar showed a small cross star pattern last Friday, which is the standard trading signal! Then, in the future, we can use today's opening price (1.11237) as the Bitwise operation of the day's important point! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound fell below the daily level of 21MA against the US dollar last Friday, and the daily closing line was below it. Today, it rose slightly and peaked at 21MA (1.28685)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Monday, and there is a Federal Reserve interest rate resolution this week. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.7.21 USD Index is about to weaken!2023.7.21 USD Index is about to weaken!
Hello, I'm Older Duan. Today is Friday, July 21st 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has released bullish momentum for three consecutive trading days, and the probability rate is about to weaken!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold rose and fell yesterday, but continued to weaken today, reaching a critical position of $1960, which is also the 2.000 level of the gold split in the figure! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil hit its lowest point yesterday, hitting the 1.382 level on the bottom of the graph above the golden section. Today, US crude oil hit the 1.618 level on the golden section and then fell back! Then, in the following days today, we can take the daily line 233MA ($76.562) as the important point of the day Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro fell sharply against the US dollar yesterday and continues to be weak today! Then, in the future period of this day, take today's opening price (1.11338) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the GBP/USD hit through the daily level of 21MA at its lowest yesterday, and there is a high probability of a long short competition in this position today! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Friday, the weekly line will be closed tonight. Please be aware of the risks.
Im Older Duan. Wish you happy win . Goodbye!
2023.7.20 USD and US crudeoil rose and fell2023.7.20 USD and US crude oil rose and fell
Hello, I'm Older Duan. Today is Thursday, July 20th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index rose yesterday and fell back today. It is still fighting for space around 100!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold showed a long downward trend yesterday and continued to break above the previous month's peak (1983.33 US dollars) today! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the picture, US crude oil rose and fell yesterday, with a long shadow on the daily line! Then, the opening price of yesterday (US $75.7) will be taken as the important Bitwise operation of the day later today! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro against the US dollar showed a long downward trend yesterday and a long upward trend the day before yesterday. This is a standard signal that a relatively high contraction triangle consolidation pattern is about to start! Then, in the future period of this day, we can take today's opening price (1.12042) as an important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound almost hit the daily level of 21MA at its lowest point against the US dollar yesterday, and there is a high probability of a sideways consolidation between small areas today! Then in the future, we can use today's opening price (1.29363) as the Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Thursday.The August futures of NYMEX New York crude oil were affected by the transfer of positions and months. The final trading on the market was completed at 2:30 am on July 21, and the final trading on the electronic disk was completed at 5:00 am. Please pay attention to the risk control announcement of the expiration of the trading venue for months. In addition, the expiration date of some trading platforms' American Oil contracts is usually one day earlier than the official date of NYMEX. Please pay more attention.
Im Older Duan. Wish you happy win . Goodbye!
DXY next week hello everyone, dxy is still bullish, so watch out for any USD pairs you trade with
the price may reach the resistance area of 105.3 - 105.8 and after that price may go into correction since it's overbought... however major news could trigger the price to remain bullish (that's fundamental)... technically it suppose to pull back from resistance to 101.0-101.3
good luck traders
2023.7.19 USD has returned to 1002023.7.19 USD has returned to 100
Hello, I'm Older Duan. Today is Wednesday, July 19th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has returned to the top of the 100 integer level, but it is unlikely to rise directly in the short term!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold rose sharply yesterday, swallowing up the decline of the past two months. Today, it is at the start of short selling in June 2023 (around $1977) and also at the opening price on June 2, 2023, engaging in a long short competition! Then, in the following time today, we can take $1977 as the important Bitwise operation of the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil surged yesterday, but both yesterday's and the day before yesterday's highs were suppressed by the opening price of May 1, 2023 ($76.00)! Then, in the following days today, we can take $76.00 as the important point of the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose and fell against the US dollar yesterday, forming a short-term top! Then, in the future, we can use today's opening price (1.12274) as the Bitwise operation of the day's important point! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound fell against the US dollar after yesterday's cheat line, and accelerated to break below today! In the subsequent period of this day, the opening price (1.29952) on July 13, 2023 will be taken as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Wednesday, and there is US crude oil inventory data tonight. Please be aware of the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.7.18 USD continues to weaken2023.7.18 USD continues to weaken
Hello, I'm Older Duan. Today is Tuesday, July 18th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the daily closing line of the U.S. Dollar Index yesterday showed a small cross star, which is a standard turning signal!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, yesterday's low point of gold hit the daily long short divide of 55MA (1946 US dollars), and today it begins to break against the upper limit! Then, later today, just use $1960 as an important Bitwise operation in the day! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the long shadow line of US crude oil yesterday was due to the influence of false news in the market, and US crude oil began to weaken today! Then, the opening price (74.11) of today will be taken as the Bitwise operation of the important point in the day later today! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the daily closing of the euro against the US dollar showed a long down shadow line and a small positive line yesterday. Today, it continues to break and rise sharply against the upper limit! Then in the subsequent period of this day, the 1.13000 integer pass will be taken as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound against the US dollar has been suppressed for four consecutive trading days by the bottom up gold split's 2.382 level (around 1.31300)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Tuesday, and tonight there is "horror data" on the monthly retail rate in the United States. Please be aware of the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.7.17 US crude Oil falls!2023.7.17 US crude Oil falls!
Hello, I'm Older Duan. Today is Monday, July 17th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has fought for long and short positions near the daily level 610MA in the last two trading days!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been trading at the daily level long short divide of 55MA ($1947) in the past two trading days, as well as the bottom up gold split of 2.000, which is also the highest point on February 2, 2023 ($1959.69), engaging in long short competition! Then, the following time today, just continue to use these two positions as the important points of the day Bitwise operation operation! Above these two positions, bulls dominate; Below these two positions, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, the lowest point of US crude oil today hit the daily level of 144MA (74.21 US dollars)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro has shown a high sideways trend against the US dollar in the past two trading days, with a sluggish trend among bulls! Then, in the future period of this day, take today's opening price (1.12265) as the important Bitwise operation of the day! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the highest point of the pound against the US dollar last week was suppressed by strong pressure, which is the bottom of the gold split at 2.382 (around 1.31300)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Monday, and tomorrow night there will be "horror data" on the monthly retail rate in the United States. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.7.14 USD has fallen below the 100 integer mark2023.7.14 USD has fallen below the 100 integer mark
Hello, I'm Older Duan. Today is Friday, July 14th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has fallen below the 100.00 integer level, coming near the daily level of 610MA!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been trading at the bottom against the 2.000 level of the gold split in the past two trading days, and it is also the highest point on February 2, 2023 ($1959.69), engaging in long short competition! Then, we can continue to use this position as an important Bitwise operation in the day later today! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil yesterday broke through the bottom of the bullish 1.618 and daily level 233MA, and today's low hit the daily level 233MA ($76.35)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose sharply against the US dollar again yesterday, with the next strong pressure at 1.12800! Then, in the future, we can use today's opening price (1.12228) as the Bitwise operation of the day's important point! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound has reached a strong pressure level against the US dollar: the bottom is at 2.382 (around 1.31300) above the golden section! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Friday, and all important data for this week has been released. The weekly line will close tonight, and it is likely that there will be a pullback trend. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.7.13 USD is about to challenge the 100 integer gate2023.7.13 USD is about to challenge the 100 integer gate
Hello, I'm Older Duan. Today is Thursday, July 13th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index has broken down continuously and has reached the 100.00 integer pass!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold broke through and rose sharply yesterday, reaching the 2.000 level of the bottom up gold split, and also above its highest point on February 2, 2023 ($1959.69)! Then, we can continue to use this position as an important Bitwise operation in the day later today! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil has broken free from the constraints of daily levels of 144MA and 165MA, and is about to challenge the strong pressure level. The bottom of the daily level is above the gold sector's 1.618 level (around $76.35)! Then, in the following time today, just use this position as an important point in the day for Bitwise operation! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro rose sharply against the US dollar again yesterday, approaching its lowest point in November 2021 (1.11853)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound has reached the integer level of 1.3000 against the US dollar, and the next pressure level is 1.30666! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Thursday, and all important data for this week has been released. The weekly line will be closed tomorrow and Friday. Please be aware of the risks!
Im Older Duan. Wish you happy win . Goodbye!
2023.7.12 USD is about to reverse! The pound has surged!2023.7.12 USD is about to reverse! The pound has surged!
USD is about to reverse! The pound has surged, and US crude oil is pressing for positions!
Hello, I'm Older Duan. Today is Wednesday, July 12th 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the U.S. Dollar Index shows a continuous release of short momentum, with the strongest support at the opening price of 101.43 on May 11, 2023!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold has been suppressed by daily level 144MA (1939.21 US dollars) for two consecutive trading days! Then, we can continue to use this position as an important Bitwise operation in the day later today! Above this position, bulls dominate; Below this position, bears dominate!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil rose sharply yesterday and closed close to its highest point, with a high probability of rising and falling today! Then, in the following days today, the daily line level of 165MA ($74.85) will be taken as an important Bitwise operation in the day! Above this point, bulls dominate; Below this point, bears dominate!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro has already broken through its highest point last month against the US dollar, and is also at the bottom against the gold split's 2.618 level (1.10115). The latest pressure level above is at the opening price of April 14, 2023 (1.10512)! Then in the future, these two positions can be used as the Bitwise operation of the important points in the day! Above these two positions, bulls dominate; Under these two positions, bears dominate; In between these two positions is the oscillating train of thought!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound continues to break through against the US dollar and is about to hit its lowest point in April 2022 (1.29726)! Then this position will be used as the Bitwise operation operation of the important point in the day in the future! Above this position, bulls dominate; Under this position, bears dominate!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, today is Wednesday, and tonight there will be five star data CPI, four star data Canada interest rate resolution, and EIA. Please be aware of the risks!
Im Older Duan. Wish you happy win . Goodbye!