Pair : DXY Index Description : Break of Structure Divergence Bearish Channel in Long Time Frame as an Corrective Pattern Completed " ABC " Corrective Wave Impulse Correction Rejecting from Resistance Level
Pair : DXY Index Description : Bearish Channel as an Corrective Pattern in Long Time Frame Divergence Completed " 1234 " Impulsive Wave Break of Structure Rejection from Fibonacci Level - 38.20%
seems like this news is setting dxy for a nice pull back after that last explosive move if 104.200 holds we can see another leg up for a move up since dxy made a higher high im still bullish biased over all this pull back most def was needed now if the next push up doesnt break that last dxy high we could see seelers start to step in
much needed pull back here from the dollar and a retest of 104.6-104.9 would be nice for a continuation to the downside now if thats broke we could see bulls back in play but as of now its still bearish
We have an analysis of DXY H4 zone marking According to this analysis, we have found that Dollar is a bullish move because of price is moving above the (200MA & 50 EMA) golden cross-over price also tested the trendline 2 times for more information we marked the Demand & supply zone which is mentioned in the downside Demand zone1@ 104.563 to 104.397 Demand...
dxy is here at a key level once again a break here we could see another push down to that 104.4 level first then 104.200 area and if it fails to break back up we could see continued downside on the flip side if it holds here we could see the dollar get strong but at the moment its still a bit bearish so there will be some nice usd trade setups
i want to see how dxy plays out but if the 104.800 level holds we could see a nice move to the upside if not we will see a test of bigger time frame order block which would a nice pull back for a possible move up either way im waiting on price development market is getting ready for some nice size moves
DXY LTF update 🐨 Soon I expect a downward movement of US dollar index to sweep out FVG 4h... In parallel, BTC will move to its final destination towards 27k - 30k...
the 1hr dxy is still bullish and creating hh and hl right at that last bullish ob if 103.800 level is one to watch and also the last higher high level watch it as well dxy still looking bullish to me
I'm expecting a bearish week for DXY, I believe we are heading for the weekly volume imbalance at 97.2.
DXY will be open soon and should dropping becoz of it exited from weekly channel and tested . also #RSI is over sold and tested resistant so should see big dump for this week and next weeks for DXY
🔴 DXY - USD Currency Index TF: 3D Side: Short Pattern: Ascending Broadening Wedge SL: $118 - $120 TP 1: $109.831 TP 2: $106.926 TP 3: $104.578 The ascending broadening wedge is a chart pattern that tends to disappear in a bear market. Most often, you'll find them in a bull market with a downward breakout. Monthly RSI is at 94 indicating oversold.
DXY chart analysis | 3 december 2022 as per my analysis dxy looking bearish and two most important zone where dxy bounce back 1. 104 2.101.5 MAYBE SECOND TARGET WILL HIT JAN 2024 SO DO NOT SELL IN GBPUSD EURUSD XAUUSD
The dollar is still resisting the rise and it has signs of weakness, and I expect the next movement to be downward, especially with the somewhat lower inflation and the comments of the Monetary Policy Committee from the Federal Reserve members to reduce interest rates on the US dollar during the coming months. We wait and see what next week has in store for...
dxy is at a nice turning point after a nice bearish push to end the week dxy tries to climb back up on market open upside right now is a bit limited unless i see a break above 107.500 failing to break the daily pivot at the moment and also opening below a weekly pivot im currently looking for another bearish push down for dxy which should pump gold a bit
2 scenarios can happen the dollar is bullish right now since it just recently broke a high now i would like a pull back but tbh it could just keep pushing up to the high b4 coming back down but once price gets to that high i will see how price action develops this is just more confirmation on golds sells we are already in for the pull back 110.360-110-800 area...
a close above here will push dxy to our discount area b4 the next move like i thought keep eyes on other dxy pairs in favor of bullish dollar at the moment until proven other wise theres many good setups right now follow like share ill keep dropping more and more thanks for the support