Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves at Daily Demand Zone. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement.
As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill...
The DXY has exhibited a prolonged period of consolidation, while the higher time frame reveals a robust downtrend. In the video analysis, we observe notable price action, identifying a triple top with a spike above, potentially indicative of a stop run, suggesting the likelihood of continued downward movement. Additionally, the video explores the prospect of a...
In this video, we take a close look at the Dollar Index (DXY) on higher timeframes to assess the prevailing bullish momentum and its potential implications for traders. We'll delve into market structure, price action, and explore a potential trade setup. Important Disclaimer: The information presented here is for educational purposes only and should not be...
After wild move at Friday, DXY is under pressure and seems to goes down to mid line of the channel. On my view, Big picture is bullish, but I think lack of momentum will send it lower at this time. Trade safe. Good luck.
DXY - 48 hrs. In the run-up to the us labor market data released on Friday, the leading us stock market index, the S&P 500, fell on the first three trading days of a year, for the first time since 2008! Omen? Hopefully not - but now, after the better than expected us labor market data, the stock market bulls are hoping that the coming us inflation rate will also...
👋Hi everyone (Reading time less than 3 minutes⏰) . 📚One of the most important Indices that we should have an analysis of is the DXY index because it has a direct impact on the Forex , Cryptocurrency , and stock and etc markets. So, in this post, I'm going to show you the 🗺️ Roadmap 🗺️ for DXY until at least the End of 2023 and Early 2024 . 💡I used the ...
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line. Rejecting from Daily Resistance and Fibonacci Level - 78.60%
The DXY forecast remains bearish in my view; however, there is a notable strong bullish retracement occurring. I perceive this retracement as temporary, as the price is retracing back to a premium supply level. I anticipate a distribution to take place in either the 1-hour supply zone I've identified or... Alternatively, if the price continues to climb higher,...
Morgan Stanley updated its outlook for the US dollar, moving to a neutral stance, a significant shift from its previous forecast of an 8% gain in the Dollar Spot Index in the fourth quarter. two of the year. The adjustment comes as a response to the Federal Reserve's recent dovishness and the resulting decline in Treasury yields. The bank recorded a slight...
DXY - 48 hrs. While the DXY has been trading sideways in Chicago since yesterday's publication of the FOMC statement, stocks in New York tend to continue to fall. Even today - when the so-called Santa Claus rally on Wall Street was canceled for the first time in eight years. The US Federal Reserve did not publish any significant new statements about when and how...
Taking a Look At The Dollar Index To Kick Off 2024 DXY / USD As everything hinges off the us dollar I think it is important to take a close look at the dollar index as we trade into the London Open today. In the video I give you my top down approach looking at the DXY
Pair : DXY Index Description : Head and Shoulder Pattern as an Corrective Pattern in Long Time Frame completed Its " Left Shoulder ". Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. If Rejects from Daily Demand then Buy
DXY - 48 hrs. Hardly any impulses from outside until the middle of next week! Or? The days before new year's eve and/or new year's day are usually associated with lower volatility: Sure - there are more important things than price action. Family, meeting acquaintances in person that you haven't seen for a long time, or simply switching off from your main job,...
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...
Pair : DXY Index Description : Symmetrical Triangle as an Corrective Pattern in Long Time Frame with the Breakout of Upper Trend Line and Completed its Retracement. Impulse, Correction ( ABC ) and Impulse Completed making its Correction. Retracement for Break of Structure
DXY - 48 hrs. Next year there are elections in the usa - and they already seem to be sending their shadows out! A reporter friend of mine even said yesterday to me in a private phone call that Fed Chairman Powell had may be brought interest rate cuts into play in order to avoid having to take a public position shortly before the us election in autumn 2024. In...