The U.S. Dollar Index (DXY) hit the first out of our two bullish targets (January 24, see chart below), and despite a minor divergence, remains well within our pattern:
That is the 2nd Bullish Leg of the long-term Channel Up pattern. We are past a 1D Golden Cross with the short-term pull-back finding support on the 1D MA50 (blue trend-line). The last 1D...
The U.S. Dollar Index is coming off a three day rebound after the 1D RSI almost touched the oversold (30.000) level. Even though the 1D technical outlook is bearish (RSI = 35.930, MACD = -0.200, ADX = 51.582) this small reaction is most likely the start of a counter trend rebound like late June 2023, which reached the 0.5 Fibonacci level. Consequently we are...
Last time we looked into the U.S. Dollar Index (DXY) we gave a bullish signal on two targets (January 24, see chart below), one of whom is already hit:
The long-term pattern is a 1-year Channel Up and currently the market is on the Bullish Leg to price the 3rd Higher Highs of the pattern. Target 2 (105.900) is on the 0.786 Fibonacci retracement level of the...
The U.S. Dollar Index (DXY) gave us the most optimal buy entry last time we analyzed it (December 28 2023, see chart below), exactly at the bottom of the 1-year Channel Up:
Our perspective hasn't changed, this is the new Bullish Leg of the Channel Up but this consolidation is simply a standard technical re-accumulation within the 1D MA50 (blue trend-line) and...
The U.S. Dollar Index has closed the week on a flat 1W candle, the first such since October 2nd 2023 on a marginally bearish 1W technical outlook (RSI = 43.488, MACD = -0.450, ADX = 30.953). The 1W RSI has rebounded on the S1 Zone forming a HL trendline and this gives shape to a Channel Up. This RSI formation is much like the bottom's of 2021 and 2018 as you can...
The U.S. Dollar Index (DXY) has started trading within a Channel Up pattern of Higher Highs initially since the beginning of the year (2023). The price is at the moment almost on its bottom, which will be the 2nd Higher Low since July 14. Since the October 03 top after which has entered the corrective (bearish) leg, the index is within a very tight (hence...
The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week.
Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic...
The U.S. Dollar Index (DXY) is taking punishment since the October high and this week in particular after the Fed Rate Decision. In times of price distortion by fundamentals, we always think it is useful to look into the longer term time-frames (1W and over) for technical patterns that withstand fundamental irregularities and filter out the news noise.
In that...
The U.S. Dollar Index has been declining since the October 3rd High and is now under the MA200 (1d).
The RSI (1d) is nearly oversold and is double bottoming on the 30.00 level, while the price is approaching the 0.618 Fibonacci level of the July 14th bottom.
That will be a -4.50% decline, comparable to all three major decline of 2023: -4.55%, -4.85% and...
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...
TVC:DXY chart mapping/analysis.
US Dollar getting thrown out with US Treasuries as punters pile into "risk-on" trade.
Downward momentum to continue until change in trend on lower timeframe &/or Markets flip back into "risk-off" sentiment.
Shekel drops to 4 against the dollar, in first since 2015.
Currency’s weakness comes as conflict rages, even after Bank of Israel announced plan to intervene in the foreign exchange market to try and contain sharp shekel FOREXCOM:USDILS moves.
The exchange rate of the New Israeli Shekel on Monday crossed the threshold of NIS 4 per dollar, the local currency’s...
The U.S. Dollar Index is reversing at the top of October's Channel Down on a technical outlook that is about to turn neutral (RSI = 56.064, MACD = 0.260, ADX = 25.484). As long as the price stays inside the Channel Down, we are bearish, aiming at the 1.1 Fibonacci extension (TP = 105.225). If the price crosses over the top of the Channel Down, while the 1D MACD...
This publication is for Euro against U.S. dollar, and quick and simple as well as all other publications by @Pandorra
2023 is about the end, so let's take a look on technical perspectives for FX:EURUSD .
The main graph is EURUSD semi-annual 6-month chart (yes, they also exist on TradingView, as well as quarterly 3-month charts and annual 12-month...
There is much noise about dollar losing its king status in the world.
The drop in the yellow wave b within a correction could have spurred that speculation.
You can see that it was a natural move to retest broken former barrier.
It was successfully rejected as the price bounced up quickly.
The target for the next move could be around $125
where yellow wave c...
