🏃♂️DXY Index is moving near the 🟢 Support zone($104.27-$103.90) 🟢, and 200_SMA(Daily) and 100_SMA(Daily) , and the lower line of the ascending channel . 💡Also, the Morning Candlestick Pattern is clearly visible. 🌊According to the theory of Elliott waves , it seems that the DXY Index has completed the Double Three Correction(WXY) in the support zone...
I still focus for bullish momentum for USD . Dollar still strong. Trade with own risk.
TVC:DXY strength creates stock market bottoms as earnings translation reduces earnings from overseas. This simple graph will show you very simply how the TVC:DXY creates strong changes in earnings estimates, which in turn, cause market participants to change the value that they are placing on the market. Combine TVC:DXY movement together with other...
Hi traders, it's my opinion on DXY in high timeframe . As you can see price pullback to Orderblock daily and shows signals that have potential to reach (DOL) zone . So until price is above 104.000 in daily time frame this signal would be confirmed. If price can break 104.000 zone strongly on high time frame and close below this zone this signal would be fail.
Dxy already hit tp1 and is now consolidating in a zone where it’s either creating a higher low (#2) of a bearish Elliot wave structure or expanding higher to break the range for its target of liquidity resting above the x and d legs of the harmonic Keeping eyes on it Correlation to keep In mind is: If Dxy bullish then Xxxusd pairs bearish USDxxx pairs...
boost and follow for more❤️🔥 a recent fake out breakout past resistance zone, now sitting at a trend support.. I wont be surprised to see it slice through trend support and head down to 97-100 targets in the next few weeks or so 🎯
DXY, or the US dollar index, is an index that tracks the performance of the US dollar against other currencies123. It was originally developed by the US Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the US dollar against global currencies4. The index is used by traders seeking a measure of the value of USD against a...
The dollar slid to a multi-month low on Thursday after U.S. core inflation hit a three-year low and retail sales were flat, raising expectations of lower interest rates in the economy. largest economy in the world. The DXY index recorded its biggest decline of the year, falling 0.75% and penetrating below the MA 200 line. DXY is currently trading around its 5-week...
In correlation with the crypto this is my overview analysis
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. DXY NEW WAVE EXPECTED. 📚 👉As we can see price is still overall bullish trading inside this channel, Making clean higher highs and higher lows. 👉Moreover, price approached a massive zone, our rising trendline, lining up...
The U.S. Dollar Index (DXY) hit both Targets that we set on our January 24 analysis (see chart below): Yet again, a new buy opportunity is emerging as the price not only hit the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) Support Zone but also the bottom of the (dotted) Channel Up, which is essentially the Bullish Leg of the 1-year Channel...
📈💼 DXY Update! 💼📉 Hey there, traders! 🌟 The dollar index, DXY, is in the spotlight once again! 🚀 Currently, it's cozying up to a crucial support trendline after some recent rollercoaster rides. 🎢 This area has become a hot topic, especially after a quick dip and an even quicker recovery. 🔄 But hold your horses, we're not out of the woods yet! 🌳 The upper...
Bias is Bearish. After breaking the low, price pulled back to internal LQ at the -FVG. Reaching the CE, price was rejected and closed Fri within the range of the previous candle. The expectation is for price to continue lower, seeking external LQ at the Thurs low and potentially the swing low. Thank you for viewing! Leave any questions or comments in the...
possible recovery for us dollar. possible target : 108+ good luck.
Hey Traders, in today's trading session we are monitoring DXY for a selling opportunity around 105.100 zone, DXY is trading in a downtrend and currently is in a correction phase in which it approaching the trend at 105.100 support and resistance area. Fundamentally the recent CPI data was quiet soft and didn't exceed 0.3. Trade safe, Joe.
Backed up by fundamentals, negative correlation to us30, spx500 and nas100
21st May DXY: Needs to break 104.40 could trade down to 104 round number support NZDUSD: Buy 0.6145 SL 20 TP 70 (RBNZ rate decision tomorrow) AUDUSD: Buy 0.6675 SL 25 TP 50 USDJPY: Sell 155.75 SL 30 TP 100 (Hesitation at 155.30) GBPUSD: On CPI release, Sell 1.2695 SL 20 TP 45 EURUSD: Buy 1.09 SL 35 TP 70 USDCHF: Sell 0.9080 SL 20 TP 40 USDCAD: Test and...
Death cross on ema 13 & 21 + possibly making a hidden bear divergence will likely make Dxy making lower low and it will be good for high risk asset.