Pair : DXY Index Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " A " Corrective Wave
DXY tecnical Analysis I am looking berish move on dxy Follow for more
Hello Traders! This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will...
Since the beginning of the year, the USD Index has risen 5% from its lowest point to its peak. However, trading USD pairs has proven to be quite challenging due to the choppy price action and significant volatility between support and resistance levels. Upon analyzing the chart, the upward movement appears staggered and resembles a rising wedge pattern. This...
Technical Outlook: - The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend. - Recent price action indicates a retracement to a significant daily (1D) support zone. - This technical setup presents potential buy opportunities in line with the prevailing bullish bias. Trade Suggestion: - Entry: Consider long positions upon...
The #DXY is currently exhibiting range-bound behavior within a broader bullish trend on higher timeframes. While the overall bias remains positive, current price action does not present a compelling entry point for a long position. My strategy involves two potential scenarios: 1: Breakdown Scenario: A break below the current range support would provide a...
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
The #DXY has been trending upwards, rallying late last week before pulling back. A potential long trade might emerge if the price finds support during this pullback. Higher timeframes show a consistent bullish trend with higher highs and higher lows. We're looking for a buy entry around the 50%-61.8% Fibonacci zone, but remember, trading is risky. This analysis is...
Given that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the...
Pair : DXY Index Description : Impulse Correction Impulse Breakout the Upper Trend Line of the Corrective Pattern " BULLISH CHANNEL " in Short Time Frame According to ELLIOT WAVES , It has completed " 12345 " Impulsive Waves and Corrective Waves " AB " HEAD & SHOULDER as an Corrective Pattern in Long Time Frame
Dollar Index successfully violated a key horizontal resistance on a 4H time frame after NFP release yesterday. We may anticipate a further growth now. Next resistance - 104.14 ❤️Please, support my work with like, thank you!❤️
The dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this...
The DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today,...
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejecting from the Lower Trend Line. Completed " 12 " Impulsive Waves and making its " 3rd - wxy " Wave. EXP Fiat and Symmetrical Triangle in Short Time Frame need to wait for Breakout
The DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video,...
DXY Analysis: The Dollar Index (DXY) has exhibited range-bound behavior recently, lacking a clear directional bias. While there are bearish undertones, a confirmed downtrend requires a break below the current range followed by a failed retest. This video explores multiple timeframes (monthly, weekly, daily, 4-hour) to identify potential dollar direction in the...
We have remained bullish the US dollar the past few weeks, and continue to suspect there are plenty of shorts to be covered as markets finally concede that fewer Fed cuts are coming this year and already priced in. The dollar has posted a strong rally YTD, and after a brief consolidation momentum is trying to turn higher with a bullish outside candle. It's not...
Pair : DXY Index Description : According to Elliot Waves it has completed Impulsive Waves " 12345 " and " AB " Corrective Waves. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure with Retracement and Divergence