A quick high-low TF analysis of USDX.Next week:correction starts
https://www.tradingview.com/x/8Q3qk5lv/
HTF to LTF high/low analysis of the dollar index the USDX. It was interesting to see the gold price rally as the USD$ continued to breakout this week, the dollar's prior weeks volume was massive but its petered during Friday (yesterday) after failing to close higher than the last known candle at this price level 108.33 on a day back in November 2022. Furthermore, the 108 level got rejected and the USDX fell back to close just under the 50% level of the daily candle which is still a bit bearish 107.47. See below my series of charts why I see the USD$ starting to recede next week, I would say commencing Monday.
https://www.tradingview.com/x/8Q3qk5lv/
Now to the 4HR chart where the bears have already moved in commencing Friday (yesterday)
Further bearish charting on the 30m
10M chart below, more bearish clues.
3M Chart. Is this getting boring?
1M TF a bears head n shoulders is for viewing & price has already retested and moving lower.
and finally a 10sec chart for giggles.
HTF to LTF high/low analysis of the dollar index the USDX. It was interesting to see the gold price rally as the USD$ continued to breakout this week, the dollar's prior weeks volume was massive but its petered during Friday (yesterday) after failing to close higher than the last known candle at this price level 108.33 on a day back in November 2022. Furthermore, the 108 level got rejected and the USDX fell back to close just under the 50% level of the daily candle which is still a bit bearish 107.47. See below my series of charts why I see the USD$ starting to recede next week, I would say commencing Monday.
https://www.tradingview.com/x/8Q3qk5lv/
Now to the 4HR chart where the bears have already moved in commencing Friday (yesterday)
Further bearish charting on the 30m
10M chart below, more bearish clues.
3M Chart. Is this getting boring?
1M TF a bears head n shoulders is for viewing & price has already retested and moving lower.
and finally a 10sec chart for giggles.
Trade ativo
A start on Monday for lower prices of the USD$. The 3rd last 4hr candle got rejected during yesterday Friday and the USD slowly but surely started a move lower. Further momentum lower for a few days to a couple of weeks I would say. A short short.Nota
My biggest trade for the new week is in Silver. It's price was held back this week when many went Short on it including me, but generally only when I was forced to for holding too many long positions. I came out on top but its a bit stressful when you get hunted down like that. I gave them a piece of my mind and asked them to stop bullying me and I was then treated like royalty lol. Yeah I do have some positions in the Silver price. But here is why Gold and Silver will rally nothwithstanding the $ which should ease back from Monday. The Silver and Gold Charts are bullish and I think 1 to 2 weeks gold and silver will be at an ATH once again.
See here price of silver is about to pop upwards from this formation triangle. Momentum with it.
Nota
The daily for silver. I believe price has turned around inside this rising wedge, although it probably can't be confirmed due to the zoomed in effect on this chart, the fib retracement when price turned around to the northside recently, those fib levels price respected the 50% fib levels. When fib levels 62, 50 and 38 are respected by the price, it usually means a confirmation of that new trend. which. is long.
Nota
RE- SILVER: Daily to 1Minute timeframes are very clean and bullish. However, I see that the weekly chart which carry's a lot of weight on intraday price-movement is very very bearish at present. But that tells me that for Silver to return to ALH, the Silvery people will be trying to get the silver price out of the blocks in the Asian session very bullishly. By shifting fast momentum on the daily and intraday charts it will knock the bears out of the weekly chart.
Currently bitcoin is bearish on the higher time frames, it's been knocking on that $100 mark and seems to keep getting rejected. That is why. Its' overbought on the Daily. But BTCUSD does not sell easily. It has its ways of pushing bearish charts back to bullish.
Nota
What I describe above about Silver commencing bullish on Monday makes sense after quickly looking at the chart patterns 1 more time just a few moments ago. So on the 1hr & 2hr there is a triangle formation and the silver price is very close to the top of this triangle, so you guessed it they will try to pop the price upwards and through the top section of this triangle.
Usually Silver gets more head n shoulders, double tops, double bottoms than gold. Currently on the silver charts from 15m right up to the 1m chart, price is just millimetres below a Top 2. Again, similar to the triangle, they will want to drive price upwards with momentum, especially through these Top 2s, because price has a habit of selling off fast at these junctures double & triple tops.
As I said further up the pages, by getting Silver off to a bullish start, they can correct the bearish weekly chart to bring the hang-over and sell-effect on the weekly back to a more neutral weekly chart that does not scream sell. Overbought and oversold conditions only occurs when sellers and buyers (respectively) move in to place orders. In other words, by turning up the bullish theme on Monday, they will be looking to turn the weekly silver chart from an overbought and selly-state, back to one that is simply moving with plenty of bullish momentum as you would find in rsi and stochastic's. Then they will have the daily, weekly firing bullishly together. Ideal scenario for higher prices.
Nota
Monday Asia session 25 Nov 24.
Australian ASX trading day has finished for Monday.
USDX is about 0.5% lower today in line with my expectations or even a bit better, because it opened earlier today with a gap down. You can see from the chart the pink box 4hr candles have not moved up.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.