➡️ Long-term #DXY analysis (March 11 - March 16)
We doubt US data will move the Dollar much today and instead, investors are waiting to see if Friday's February NFP jobs release does indeed correct lower from the strong gains in January and December. Consensus is around 200K and any lower would probably be good for risk assets in that it would allow the...
➡️ Macro perspective:
The US dollar index rose ahead of the GDP data but then fell again. This slightly weaker data encourages investors to hold risk assets, but the big data is the January PCE released today.
➡️ Technical perspective:
DXY produces higher highs, followed by higher lows, signaling the start of an uptrend. If DXY rises immediately, a break...
Pair : DXY Index
Description :
ELLIOT WAVES - " 12345 " Impulsive Waves and " AB " Corrective Waves Completed
Retracement for BREAK OF STRUCTURE
BEARISH CHANNEL as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
FIBONACCI LEVEL - 61.80%
Divergence in RSI
In a fragile holiday trading session on Tuesday, the US Dollar Index remained at 101.6, hovering close to its lowest point in five months. This comes as additional signs of declining US inflation reinforce bets on the Federal Reserve initiating interest rate cuts next year.
Published data on Friday revealed that the core PCE index, the Fed's preferred inflation...
The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone.
Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a...
Dear Traders,
Distribution phase successfully occured on the DXY and sellers are looking for a strong final push down so that it can reach a potential buying zone for investors as keeping the new year in the mind. DXY is likely to keep dropping until the new year begins, however, there will be small retracement but overall price of DXY remain bearish for this month.
While Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households,...
While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of...
The bias for the dollar this week remains bearish, leading me to anticipate further downward trends. Near the current price, there is a supply zone on the 3-hour chart where we'll wait for price redistribution. Following that, we'll await confirmation on a lower timeframe to execute the sell trade. Additionally, I anticipate a minor reaction from the 13-hour...
The Dollar Index (DXY), measuring the greenback against a basket of key currencies, extended its decline to 103.40 (from 103.75) during the holiday trading session.
The Canadian Dollar (CAD) outperformed, causing USD/CAD to drop by 0.7% to 1.3615, hitting a one-month low. Canada's year-on-year retail sales for September surged to 2.7%, beating expectations of...
The US dollar was barely changed in early European trading on Tuesday ahead of the latest inflation data that could determine the direction of US monetary policy, while sterling rose as investors British workers continue to benefit from healthy wage increases.
At 3:10 a.m. ET (08:10 GMT), the dollar index, which tracks the greenback against a basket of six other...
DXY The dollar index extended gains to above 107, its most substantial level since November, and tracking Treasury yields higher, as hawkish comments from Fed officials continue to strengthen the expectation that interest rates will remain elevated for an extended period. Meanwhile, economic data continues to signal a resilient economy, with the ISM Manufacturing...
Pair : DXY Index
Description :
Breakout the Upper Trend Line of the Consolidation Phase and Completed the Retracement. Completed Impulse and Corrective Waves " ABC ". It has Breakout the Upper Trendline of the Corrective Pattern Falling Wedge in Short Time Frame
Pair : DXY Index
Description :
Completed Impulsive Waves " 12345 " and " a " can Possibly Reject from Fibonacci Level - 38.20% / 50.00%. We have Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
Pair : DXY Index
Description :
Completed " 12345 " Impulsive Wave and it will Complete its " A " Corrective Wave at Fibonacci Level - 38.20% / 50.00%. It has Breakout the Upper Trendline it can Reject from the Current Resistance to complete its Retracement
Pair : DXY Index
Description :
It has completed the Impulsive Waves " 12345 " and Making its " A " Corrective Wave. We have Break of Structure with Retracement it can Reject from Fibonacci Level - 38.20% / 50.00%
Pair : DXY Index
Description :
DXY Index is Following Bearish Channel in Short Term Frame and it has Breakout the Upper Trend Line it can Reject from the Previous Strong Resistance ( 104.578 / 104.668 )
And in Long Time Frame it is Following ELLIOT WAVES Theory , according to it will make its " 4th " Corrective Wave at Fibonacci Level " 61.80 / 78.20% )
