Analyzing the DXY, we've seen the last bearish phase executed in two distinct movements, hinting at an underlying weakness in the downtrend. The recent supply zone has indeed nudged the index downward. My projection? The DXY is likely to descend to, or even beyond, the previous low. Stay tuned for updates.
DXY is struggling with resistance under middle line of the channel.
104.10-104.20 zone is heavy and seems no chance to goes above that at this time.
Trade safe.
Good luck.
Scaling into 1H timeframes for possible intra-day trades for Monday - Tuesday...
We've been in a healthy uptrend creating Higher Highs and Higher Lows.
No signs or breaks of structure to switch sides and look for sells.
2 areas i'm looking for potential entries on correlating pairs such as GBPUSD & EURUSD
US Dollar Faces Supports: Potential Double Bottom Signals Market Dynamics
Major currency pairs continue their range-bound movement on Monday as investors refrain from making significant directional bets. The market sentiment is cautious due to escalating concerns, with investors eyeing key inflation data releases from both the United States (US) and the Eurozone...
hi dear trader
this price action for dxy with detail
It is near the end of the year, institutions want to put a stop to the money for the Christmas celebration and take it out now... be careful.... My personal opinion is that he may not pay attention to the conversation this year, but this year he will fill the conversation with news of a war with something, but...
#dxyindex formed a megaphone channel. What does this mean?
This is bullish for the index aaand... bearish for all risky assets like stock markets, crypto, commodities etc.
This process may take weeks, just saying beware.
NOT FINANCIAL ADVICE.
Hey traders, welcome back.
The dollar is increasing heavily to the upside as I make this video.
Now we don't know how price will close but it is important to watch how she closes today.
If price continues this could affect the major currency pair market in a mighty way.
All Base dollar pairs could continue to increase while Quote dollar pairs could continue...
US dollar is currently on the rise, dancing in perfect harmony with the surging US yield!
The US dollar has been flexing its muscles lately, gaining strength against several major currencies. This upward trajectory has been propelled by the impressive rise in US yields, which have been climbing to new heights. It's a fantastic opportunity for us to capitalize on...
As you can see, the market structure is bullish so we expect higher prices will be seen.
Since the price collected liquidity below 105.5 and then had a bullish reaction we mentioned Order Flow and Order block as support that can cause the price to move higher for creating a higher high.
💡Wait for the update!
🗓18/10/2023
🔎 DYOR
💌It is my honor to share your...
As per our analysis, it is predict on weekly time frame, that the next target of DXY 107.83, We can take a long position from the level of 106.60, with tight Stop Loss of 105.20, For more trade and info and timely analysis like, boost and share our post and follow us that.
DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡.
According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD-) between two consecutive peaks.
🔔I expect the DXY Index to trend lower in the coming hours...
✅The DXY Index has completed a Falling Wedge Pattern in the 🟢Heavy Support zone($105.80_$104.530)🟢 and 🟡 Price Reversal Zone(PRZ) 🟡.
💡Also, we can see Regular Divergence(RD+) between two consecutive valleys .
🔔I expect the DXY Index will go UP after breaking the upper line of the Falling Wedge Pattern to the 🔴 Resistance zone 🔴.
U.S.Dollar...
Bond yields have been on the rise lately, and this trend may continue in the near future. As a result, it is crucial to approach the situation with caution and consider the potential opportunities it presents.
The correlation between bond yields and the US dollar is well-established. When bond yields increase, it often attracts foreign investors seeking higher...
Price action analysis.
Important key levels.
Detailed technical outlook ahead of Employment data.
Potential scenarios.
Trading recommendations.
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I bring you fantastic news that will surely make your day even brighter. The upcoming job report expect to have an impressive addition of 150,000 new jobs, coupled with a lower unemployment rate. This remarkable achievement will set the stage for an exciting journey ahead for the US dollar!
The US economy continues to demonstrate its resilience and strength, and...
