The dollar index moved in a triangle pattern. Last week, the market tested his upper trendline. If the market tests the upper trendline then it is 106.500 level. Another thing is there is a resistance and supply area at 107.00 level. if the market does not respect the upper trendline then further move to 107.00 level and then reject.
My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar. I...
The US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the...
For those curious about the DXY's direction and targets, take note of the bullish movements displayed in these two legs. The Dollar Index is showing signs that it could complete these runs and effortlessly reach the resistance zone. Keep a close eye on these developments as the DXY approaches key levels.
The recent strength of the US dollar is posing a significant challenge for emerging markets around the world. Their currencies are weakening, creating a ripple effect across their economies. This article explores the reasons behind the dollar's dominance, the impact on emerging markets, and potential policy responses. A Rising Dollar: The Driving Forces The US...
🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders ...
The dollar index has once again hit the resistance of the downward trend line. It looks like the dollar index is forming a double top pattern. It is expected that the index will experience a fall from the range of 105.00 Breaking this range to the top will be an ominous sign for asset risk, and we should also wait for more currencies to fall against the dollar.
Life happen for you not to you.. those who fail to plan, plan to fail.. Traders our discipline and consistency prevail again today. If you don't fail you are not even trying, don't complain about the trades you lost and the money you did not make.. A lot of people spend dollar but do not make money from it.. With detailed analysis we have prepared ourselves...
Based on the chart, my bullish stance on the DXY (U.S. Dollar Index) is due to the clear pattern repetition visible in the price action. The Index has formed what appears to be a bullish channel pattern, showing higher lows and higher highs within a confined range. The recent break above the consolidation zone within the channel suggests a continuation of the...
hello everyone, at this point you must wait for DXY to breakout, there is alot of mix up with the fundamentals causing manipulation in market... however, the overall direction of DXY is still bullish... For bearish confirmation the price need to break below 103.4 For bullish confirmation the price need to break above 104.45
The DXY's recent sharp uptick fell short of breaking past the previous downtrend pivot, suggesting a potential pullback to retest lower levels. Watch for possible fall.
🔴 #DXY Update 📉 The TVC:DXY stalls before retesting its lows and fails to breach the resistance zone, suggesting a potential drop back to or below the recent bottom.
is due for a reversal after a health run-up. the 13th of February 2024 is the probable date for a reversal.
As depicted on the chart, following the bullish spike and channel formation, we anticipate a trading range. The strength of bullish candles and the weakness of sellers bolster our confidence in DXY's upcoming rise.
By examining the 4-hour chart, we can see the liquidity formed above the current price and below the bearish order block. So we can expect the price rise to collect the liquidity and start the bearish move from the order block to the liquidity void. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
The Dollar Index is currently fluctuating within a range, and the latest rise has been stronger than the fall. As a result, I foresee another increase, aiming for at least the previous high.
DXY create classical hidden bearish divergences in 4h, 2h & 1h time frame. A healthy short anticipated to 101.6.
Hello my friends, how are you doing? I hope you will fulfil your ambitions ❤️❤️❤️ Today, I want to talk about EURUSD. What a chart! wow. Before that, I want to remember It's not financial advice. so, just see and think about it. I'm just sharing my view and opinion of the chart. Please do your own research. Don't waste time and Let's go into details...