Another 48h - DXY (1h) Becomes More Attractive & Attractive
2024/10/17
Another 48h - DXY (1h) Becomes More Attractive
“becomes more attractive and attractive for bulls!?”
That's it - what I currently don't know, asking myself, asking other financial market participants, and trying to find the answer in the price action development - while next 48h and/or later…
These 3 questions need to be answered - in the next 48 hours and/or later.
So that we can learn something new with the help of price action; so that we remember that we already knew something old and now know it confirmed.
104.426 points - (2024/08/02) - Intraday high, which manifests the high left side w formation
103.536 points - (2024/10/17) - last price action
102.160 points - (2024/08/05) - Intraday low, which manifests the high left side w formation
The market, i.e. the mass of financial market participants, currently seems to be pricing in the SoftLanding scenario for the USA. Why the TVC:DXY is rising! Or? Of course I don't know - but I think this assumption, this hypothesis is a plausible understanding. In order to better understand the price action based on this - to learn something every day - even though I haven't formulated a 4XSetUp for the TVC:DXY for a long time! Why? I was currently assuming that the TVC:DXY would fall below 100 points - in August 2024 & September 2024 (had also formulated 2 CAPITALCOM:USDJPY short 4XSetUps) - and then wanted to formulate a short 4XSetUp below 100. But the market, mostly traders and investors, have been thinking differently since the beginning of October 2024. And the TVC:DXY is now rising for the third calendar week in a row…
103.536 points - (2024/10/16) - last price action
103.104 points - (2024/10/10) - Intraday 1h high while last Inflation Data release
102.720 points - (2024/10/10) - Intraday 1h low while last Inflation Data release
102.624 points - (2024/10/04) - Intraday 1h high while last Labor Market Report release
101.855 points - (2024/10/04) - Intraday 1h low while last Labor Market Report release
However, I don't want to and can't believe that the US elections have no influence on the TVC:DXY - even if I don't want to formulate a plausible argument at this point or can't formulate it! Anyway, let's focus on the W formation & the last two important US economic data. And let's give us the time - until election day, on Tuesday, November 5th, 2024. Because as long as the price action of the TVC:DXY is above the intraday highs and lows, the last two important US economic data, we can also fundamentally argue that both US data have made the TVC:DXY more attractive and more attractive! Or? Isn't it!?
With best wishes
and with good intentions!
Aaron
Another 48h - DXY ... is pure information material.
By trying to give you even more information about the TVC:DXY every day to make even better trading decisions (buy/sell or do nothing). The goal of each day is from my side that you say to yourself after reading my daily analysis (Another 48h - DXY ...): "I didn't notice that before!" Because then you have received new information; yes - maybe even learned something!? If, yes? Then give me a like - and continue reading tomorrow! Concrete 4XSetUps with entry price, target price and also stop price are available in the daily 4XSetUps...
Another 48h - DXY (1h) Becomes More Attractive
“becomes more attractive and attractive for bulls!?”
That's it - what I currently don't know, asking myself, asking other financial market participants, and trying to find the answer in the price action development - while next 48h and/or later…
- Is the price action currently at the beginning of the end of the mid-term W trend reversal formation?
- Will the low hold from early August 2024?
- Were the US jobs data & US inflation data good enough for TVC:DXY bulls?
These 3 questions need to be answered - in the next 48 hours and/or later.
So that we can learn something new with the help of price action; so that we remember that we already knew something old and now know it confirmed.
“The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.”
George Soros
104.426 points - (2024/08/02) - Intraday high, which manifests the high left side w formation
103.536 points - (2024/10/17) - last price action
102.160 points - (2024/08/05) - Intraday low, which manifests the high left side w formation
The market, i.e. the mass of financial market participants, currently seems to be pricing in the SoftLanding scenario for the USA. Why the TVC:DXY is rising! Or? Of course I don't know - but I think this assumption, this hypothesis is a plausible understanding. In order to better understand the price action based on this - to learn something every day - even though I haven't formulated a 4XSetUp for the TVC:DXY for a long time! Why? I was currently assuming that the TVC:DXY would fall below 100 points - in August 2024 & September 2024 (had also formulated 2 CAPITALCOM:USDJPY short 4XSetUps) - and then wanted to formulate a short 4XSetUp below 100. But the market, mostly traders and investors, have been thinking differently since the beginning of October 2024. And the TVC:DXY is now rising for the third calendar week in a row…
103.536 points - (2024/10/16) - last price action
103.104 points - (2024/10/10) - Intraday 1h high while last Inflation Data release
102.720 points - (2024/10/10) - Intraday 1h low while last Inflation Data release
102.624 points - (2024/10/04) - Intraday 1h high while last Labor Market Report release
101.855 points - (2024/10/04) - Intraday 1h low while last Labor Market Report release
However, I don't want to and can't believe that the US elections have no influence on the TVC:DXY - even if I don't want to formulate a plausible argument at this point or can't formulate it! Anyway, let's focus on the W formation & the last two important US economic data. And let's give us the time - until election day, on Tuesday, November 5th, 2024. Because as long as the price action of the TVC:DXY is above the intraday highs and lows, the last two important US economic data, we can also fundamentally argue that both US data have made the TVC:DXY more attractive and more attractive! Or? Isn't it!?
With best wishes
and with good intentions!
Aaron
Another 48h - DXY ... is pure information material.
By trying to give you even more information about the TVC:DXY every day to make even better trading decisions (buy/sell or do nothing). The goal of each day is from my side that you say to yourself after reading my daily analysis (Another 48h - DXY ...): "I didn't notice that before!" Because then you have received new information; yes - maybe even learned something!? If, yes? Then give me a like - and continue reading tomorrow! Concrete 4XSetUps with entry price, target price and also stop price are available in the daily 4XSetUps...
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