Another 48h - DXY (1h) Bulls Recapture Lost Ground Of Friday
2024/10/21
Another 48h - DXY (1h) Bulls Recapture Lost Ground Of Friday
“it seems like; taking profits on friday! and/or full on again today?”
Although the FED has lowered the us key interest rate, the us yield curve has become more expensive since then - and so has the TVC:DXY too. And COMEX:GC1! also seems to be asserting itself as an opponent, as a reinsurance if you will, against the unrestrained debt policy of the USA. This Monday, the TVC:US10 rose to 4.18%! Why? Because traders and/or investors seem to assume that the debt orgy will continue, regardless of whether Harris or Trump wins the election. Why the us yield curve is still becoming more expensive; which put the stock markets on Wall Street under pressure today. Only the NASDAQ:NDX held up because NASDAQ:NVDA continued to rise. A commentator friend from another cfd online broker said today to me (with a blink on his eye): “That's not the S&P 500 anymore - it`s the S&P 1!"
This week there are only us durable goods as important new US economic data. Doesn't everything else have no influence on the price action? No! But I would like to focus in this calendar week, the 5 trading days, on the w formation, and/or also the medium-term high, the long-term historical trend reversal formation. So we have 2 technical factors for the course of the week - to (not) learn something new. And/Or even formulate a long TVC:DXY 4XSetUp? If the TVC:DXY should break out above! In the event of a downward breakout, I don't dare say that today (yet)...
104.447 points - (2024/08/01) - High W-Formation
103.820 points - (2017/01/03) - Mid-Term High
102.160 points - (2024/08/05) - Low W-Formation
These are the most important technical prices this week.
A breakout near the top and/or down should attract the attention of the bulls and/or bears!? And spark trend-following price dynamics?! And because we only get very important us economic data on Friday this week that could fundamentally justify bullish or bearish price dynamics, the price action is likely to continue to move sentimentally over the course of the week.
NASDAQ:NVDA is today saving WallStreet from major setbacks
despite continued rising capital market interest rates. COMEX:GC1! and the bond markets continue to oppose the FED - and continue to raise. So despite the interest rate cuts by the Fed, both the TVC:DXY and the TVC:US10 became more expensive. What the stock market fundamentally cannot ignore - and gave way accordingly today. I assume that we will experience a soft landing scenario in the US economy from today's perspective. And why the price action develops the way it does in the different asset classes.
103.104 points - (2024/10/10) - high while last Inflation Data
102.720 points - (2024/10/10) - low while last Inflation Data
102.624 points - (2024/10/04) - high while last Labor Market Report
101.855 points - (2024/10/04) - low while last Labor Market Report
The latest us unemployment rate and/or us inflation rate played into the hands of the bullish TVC:DXY traders and/or investors. Therefore, a price action above should generally continue to be bullish for the TVC:DXY ! Or?
However, 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. But let’s not allow ourselves to be put under time pressure. Let's give ourselves - and the market (i.e. the price action) time - until the us elections. The influence of which I cannot formulate let alone quantify! But no one assumes that they have no influence! Are you?
The last price action was at 103.981 points.
The low of the w formation is at 102.160 points.
And te high of the w formation is at 104.447 points.
Today there was a strong upward swing - by roundabout up to 0.5%. So the us bulls have recaptured the bears' lost field from last friday, the last trading day. The path for a breakout from the w formation seems to be becoming more realistic with each passing day. But I don't want to anticipate too far ahead on the timeline, let alone too high on the price axis - that`s here is a learning post. Which is why I will only formulate a long DXY 4XSetUp after the breakout from the w formation! If any?
But I have to discipline myself not to get too euphoric.
I feel like a coach, an NFL head coach if you will, who is trying to verbally discipline his offense, his US TVC:DXY Bulls, even though everything currently - today and the last handful of trading days - seems to be going as expected! What? The last 4 Pivots HL 24h highs were always higher (102.687, 103.178, 103.358 & 103.387) and/or last 2 lows were also both higher (102.292 & 103.031). Which, with the help of technical analysis, represents a confirmed upward trend. And also seems to be fairly prepared with the help of fundamental analysis! Because the upward trend has been going on since the last us unemployment rate was published - as can be seen in the chart...
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) Bulls Recapture Lost Ground Of Friday
“it seems like; taking profits on friday! and/or full on again today?”
Although the FED has lowered the us key interest rate, the us yield curve has become more expensive since then - and so has the TVC:DXY too. And COMEX:GC1! also seems to be asserting itself as an opponent, as a reinsurance if you will, against the unrestrained debt policy of the USA. This Monday, the TVC:US10 rose to 4.18%! Why? Because traders and/or investors seem to assume that the debt orgy will continue, regardless of whether Harris or Trump wins the election. Why the us yield curve is still becoming more expensive; which put the stock markets on Wall Street under pressure today. Only the NASDAQ:NDX held up because NASDAQ:NVDA continued to rise. A commentator friend from another cfd online broker said today to me (with a blink on his eye): “That's not the S&P 500 anymore - it`s the S&P 1!"
This week there are only us durable goods as important new US economic data. Doesn't everything else have no influence on the price action? No! But I would like to focus in this calendar week, the 5 trading days, on the w formation, and/or also the medium-term high, the long-term historical trend reversal formation. So we have 2 technical factors for the course of the week - to (not) learn something new. And/Or even formulate a long TVC:DXY 4XSetUp? If the TVC:DXY should break out above! In the event of a downward breakout, I don't dare say that today (yet)...
104.447 points - (2024/08/01) - High W-Formation
103.820 points - (2017/01/03) - Mid-Term High
102.160 points - (2024/08/05) - Low W-Formation
These are the most important technical prices this week.
A breakout near the top and/or down should attract the attention of the bulls and/or bears!? And spark trend-following price dynamics?! And because we only get very important us economic data on Friday this week that could fundamentally justify bullish or bearish price dynamics, the price action is likely to continue to move sentimentally over the course of the week.
“It’s not whether you’re right or wrong, but how much money you make when you’re right and how much you lose when you’re wrong.”
George Soros
NASDAQ:NVDA is today saving WallStreet from major setbacks
despite continued rising capital market interest rates. COMEX:GC1! and the bond markets continue to oppose the FED - and continue to raise. So despite the interest rate cuts by the Fed, both the TVC:DXY and the TVC:US10 became more expensive. What the stock market fundamentally cannot ignore - and gave way accordingly today. I assume that we will experience a soft landing scenario in the US economy from today's perspective. And why the price action develops the way it does in the different asset classes.
103.104 points - (2024/10/10) - high while last Inflation Data
102.720 points - (2024/10/10) - low while last Inflation Data
102.624 points - (2024/10/04) - high while last Labor Market Report
101.855 points - (2024/10/04) - low while last Labor Market Report
The latest us unemployment rate and/or us inflation rate played into the hands of the bullish TVC:DXY traders and/or investors. Therefore, a price action above should generally continue to be bullish for the TVC:DXY ! Or?
- Does The DXY Break Out Of The W-Formation High?
- Does The 2017 High (103.820 points) Serve As Support?
- Does The 2017 High (103.820 points) Serve As Resistance?
- Does The DXY Break Down Of The W-Formation Low?
However, 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. But let’s not allow ourselves to be put under time pressure. Let's give ourselves - and the market (i.e. the price action) time - until the us elections. The influence of which I cannot formulate let alone quantify! But no one assumes that they have no influence! Are you?
The last price action was at 103.981 points.
The low of the w formation is at 102.160 points.
And te high of the w formation is at 104.447 points.
Today there was a strong upward swing - by roundabout up to 0.5%. So the us bulls have recaptured the bears' lost field from last friday, the last trading day. The path for a breakout from the w formation seems to be becoming more realistic with each passing day. But I don't want to anticipate too far ahead on the timeline, let alone too high on the price axis - that`s here is a learning post. Which is why I will only formulate a long DXY 4XSetUp after the breakout from the w formation! If any?
But I have to discipline myself not to get too euphoric.
I feel like a coach, an NFL head coach if you will, who is trying to verbally discipline his offense, his US TVC:DXY Bulls, even though everything currently - today and the last handful of trading days - seems to be going as expected! What? The last 4 Pivots HL 24h highs were always higher (102.687, 103.178, 103.358 & 103.387) and/or last 2 lows were also both higher (102.292 & 103.031). Which, with the help of technical analysis, represents a confirmed upward trend. And also seems to be fairly prepared with the help of fundamental analysis! Because the upward trend has been going on since the last us unemployment rate was published - as can be seen in the chart...
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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