Another 48h - DXY (Daily) Sexy Dad, In Our So Called West
2024/10/19
Another 48h - DXY Sexy Dad, In Our So Called West
“not only sexy dad! much more last man standing - liquid heaven?”
Today I would like to discuss the price action within the W trend reversal formation - on a daily basis, using candlestick charts. Because here we can understand even better what I've been trying to convey to you all week as learning content! The reaction in the price action to the latest US unemployment rate and/or US inflation rate.
In principle, however - at least in my opinion - it is important to always concentrate on a time interval for each specific security, such as TVC:DXY in our case. Because only in this way, by dealing with the TVC:DXY every day for 1 hour, as in our case, do we learn! What - you don't believe me? Follow me! I have been dealing with the TVC:DXY every day for almost decades. And I still don't imagine I know it better than the market - than the mass of other TVC:DXY traders and/or TVC:DXY investors. But many people have told me that thanks to my information, they have become even more profitable. And copied a few things from me. That's why since this week - DXY 1h - new thoughts from me every day about the TVC:DXY. Basically about the 1h time frame. But sometimes I like to change so that I can maybe learn something new. And/Or also, just to have what I perceived in the 1 hour time interval confirmed in the other time intervals.
These 3 questions should be answered until the next us unemployment rate and/or us inflation rate is published. Not in the next 48 hours and/or later - next week (next 5 trading days). However, if we ask ourselves that way, we can learn something new with the help of price action; or we remember that we already knew something old and now know it is confirmed. Be that as it may; If we ask ourselves these 4 questions every day in the current calendar week while the price action is running, we will definitely (not) learn something new.
104.447 points - (2024/08/01) - High W-Formation
103.463 points - (2024/10/18) - last price action
102.160 points - (2024/08/05) - Low W-Formation
This weekend the TVC:DXY is slightly above the middle of the W formation. And tends to move upwards. But we have traded an more and more expensive TVC:DXY for three weeks - but more about that next weekend. There is no outstanding significant us data in the current calendar week - except for Durable Goods on Friday. It therefore remains to be seen how the TVC:DXY will develop further. Actually, the upward trend is intact! But a rising TVC:DXY for 3 weeks in a row is not the norm, but isn't it unusual either? Therefore, the price action is likely to be driven by sentiment - until Friday. Until we have new facts about the us economy again. For optimistic US dollar bulls, a cheaper TVC:DXY up to above 102,160 is no problem. As for pessimistic us dollar bears, an expensive TVC:DXY to 104,447. Because only a breakout changes the fundamental current picture of the TVC:DXY. And is likely to bring further trend dynamics with it. Even the outbreak out of our W formation.
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 Sexy Dad, In Our So Called West
“not only sexy dad! much more last man standing - liquid heaven?”
Today I would like to discuss the price action within the W trend reversal formation - on a daily basis, using candlestick charts. Because here we can understand even better what I've been trying to convey to you all week as learning content! The reaction in the price action to the latest US unemployment rate and/or US inflation rate.
In principle, however - at least in my opinion - it is important to always concentrate on a time interval for each specific security, such as TVC:DXY in our case. Because only in this way, by dealing with the TVC:DXY every day for 1 hour, as in our case, do we learn! What - you don't believe me? Follow me! I have been dealing with the TVC:DXY every day for almost decades. And I still don't imagine I know it better than the market - than the mass of other TVC:DXY traders and/or TVC:DXY investors. But many people have told me that thanks to my information, they have become even more profitable. And copied a few things from me. That's why since this week - DXY 1h - new thoughts from me every day about the TVC:DXY. Basically about the 1h time frame. But sometimes I like to change so that I can maybe learn something new. And/Or also, just to have what I perceived in the 1 hour time interval confirmed in the other time intervals.
- Does The W Formation Resolve Upwards 104.702?
- Does The W Formation Resolve Downwards 104.702?
- Was US Data Strong Enough For An Outbreak?
These 3 questions should be answered until the next us unemployment rate and/or us inflation rate is published. Not in the next 48 hours and/or later - next week (next 5 trading days). However, if we ask ourselves that way, we can learn something new with the help of price action; or we remember that we already knew something old and now know it is confirmed. Be that as it may; If we ask ourselves these 4 questions every day in the current calendar week while the price action is running, we will definitely (not) learn something new.
“On a personal level, I am a very critical person who looks for defects in myself as well as in others. But, being so critical, I am also quite forgiving. I couldn’t recognize my mistakes if I couldn’t forgive myself.”
George Soros
104.447 points - (2024/08/01) - High W-Formation
103.463 points - (2024/10/18) - last price action
102.160 points - (2024/08/05) - Low W-Formation
This weekend the TVC:DXY is slightly above the middle of the W formation. And tends to move upwards. But we have traded an more and more expensive TVC:DXY for three weeks - but more about that next weekend. There is no outstanding significant us data in the current calendar week - except for Durable Goods on Friday. It therefore remains to be seen how the TVC:DXY will develop further. Actually, the upward trend is intact! But a rising TVC:DXY for 3 weeks in a row is not the norm, but isn't it unusual either? Therefore, the price action is likely to be driven by sentiment - until Friday. Until we have new facts about the us economy again. For optimistic US dollar bulls, a cheaper TVC:DXY up to above 102,160 is no problem. As for pessimistic us dollar bears, an expensive TVC:DXY to 104,447. Because only a breakout changes the fundamental current picture of the TVC:DXY. And is likely to bring further trend dynamics with it. Even the outbreak out of our W formation.
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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