🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone. 🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside...
Hola Ola Hello Traders, This is our master plan to Heist Bearish side of DXY market. kindly please follow the plan i have mentioned in the chart focus on Short entry, Our target is Green Zone it is High risk Dangerous area Consolidation will happen Bull Trend will continue to go Upside.. Be safe and be careful and Be rich. Loot and escape near the target 🎯 support...
The dollar index broke the consolidation zone of the 106.200-105.500 range. the market broke out to a downside level and now tested its 105.500 level of support that's become resistance. If the market rejects this level then more downward to 104.800 which is the support and demand area.
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...
hello dear trader I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon i think the yello area is the best place for open...
In our last analysis, the DXY TVC:DXY continued its upward movement. actually due to geopolitical crisis, the market was betting on stronger dollar. We believe that this week is going to be calm and slow market. we are still bullish on US dollar. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and...
■Outlook for DXY on 1W chart. We are in sub-wave iii of the upper degree wave C. The sub-waves of wave iii will form a 5-wave impulse. If the assumptions of this scenario are correct, the sub-wave (3) of wave iii should start soon.
■Outlook for the EURUSD 1W chart. Currently, we are in sub-wave ⅱ of wave (ⅲ). Sub-wave ⅱ is expected to complete soon. After that, sub-wave ⅲ will start. It is anticipated that sub-wave ⅲ will form a five-wave impulse. If the assumptions of this scenario are correct, sub-wave ⅲ is likely to break through several channel lines and resistance lines, and I...
TVC:DXY *D (tf) Previous Ideas of Resistance to Watch (before & after 'play button' ) (before & after 'play button' ) Next decent Resistances for TVC:DXY to face will be the 0.5 Macro Fibb Level @107.7 level . Surpassing that via decent breakout, correction may be anticipated as a retest and confirmation for TVC:DXY to continue Higher. Meanwhile on...
Updating my TVC:DXY predictions: 1. Everything hinges on carry trade with Japan 2. Japan is raising rates until they resubmit to negative interest rates this summer 3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency. 4. I...
The Fed's Higher-for-Longer Strategy: A Strong Dollar Squeezes Markets The Federal Reserve's unwavering commitment to its "higher-for-longer" interest rate policy is pushing the U.S. dollar to its limits. Chair Jerome Powell's recent pronouncements leave little doubt: rate cuts won't be coming soon. This strong dollar is creating a ripple effect across global...
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.
Always good to measure against the DXY not just the USD value Not perfect of course as it is mainly the Euro and Yen but still insightful. Been watching the relationship for a while currently breaking out to the upside HVF theory means this should be a violent expansion Target 1 coming up.
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...
hello everyone, DXY has been bullish with all the positive USD news.. at the moment dxy reached the resistance level the price can either pull back to 1st or 2nd support depending on the market.. buyers can kick in since all pairs are falling against USD (mostly all major pair).. so far there is no confirmation on price being bearish... price need to break below...
#DXY is preparing for next step of moving up and this bullishness will bring more volatility. Bad for #crypto #btc #commodities #stocks etc. Hard price declination will be the invalidation. Not financial advice.
The US Dollar Index is showing a bearish chart pattern after having made a strong rally since the beginning of 2021. We are now seeing a correction that will most probably end in some kind of consolidation, which should take it down near the 100 mark. In the meantime, the EUR and GBP are booking some gains against the greenback!