TVC:DXY has been continuously falling since mid *Dec 2016 and currently there are no signs of this downtrend reversal. The minor bearish Wolfe wave is currently shaping and once formed, it can become an interesting sell entry point. GL and profitable trades!
Weekly downtrend. Shorts at weekly and daily supply zones around 97. Room for price to drop to opposing tested weekly demand. New potential weekly supply zones being created at 95.55
Hello traders DXY currently in the end of correction pattern, and it's expected to finish by this week. let's put it under watch list and waiting for price action confirmation in the area to go long good luck all
Market is expect to reach previous lows, and complete the 5th wave of the elliot wave, For now only sells are smart until prices reach the low.
Hi Seildev here. This looks remarkably similar to the DXY slip in May this year. - Point A shows the attempted recovery from 18th/May ~ 19th/May however fell lower within a day - Point B shows similar patterns which shows recovery however will fall within a day. Projected high move to hit 96.44 and fade. Projected DXY to be 94.5 by end of this month. DXY has...
On the daily time frame the Dollar index has finally broken free from its bullish wedge. High probability that the upcoming week we shall see the dollar climb. On all dollar pairs there's also a nice setup in favor of the dollar.
Dollar Index is at a crucial point. We can see a nice bullish wedge. This mostly is a reversal sign for a strong wave up. However the Stoch indicator still shows enough selling pressure is left to push the price further down. ADX is a bit doubtfull about this, could hint at a reversal up. So keep a close eyes on the dollar index. If the upper range breaks we will...
Currently the Dollar Index is hard to predict, it can go either way and on neither time frame there's a clear trend. So I have placed the daily and the 4 hour next to each other to see if we can make a prediction. First the daily time frame that will tell the trend for the next week. There's A LOT of room down to the lower range of the bigger channel and some...
Expecting DXY to create a parent node in current SUB. Entry 96.00 Stop 95.3 TP 100.00 prnt.sc Continuation of the same frequency analysis. Since 98.00 was hit I was able to take it as a Close price in calculations. I could not earlier because at the time DXY hit 98 I had no idea what will be the H until that.
DXY : It is in consolidation mode and looks complete !! Already DXY index in Oversold zone !! Currently At 61.8 % Fib Levels of Wave 2 bottom !!
for someone who want to BUY DXY need to wait another 4-6 hours , it probably find floor there then it is safe to BUY I think it will not go further then the Stop loss, it needs to retrace back since it come down to much already trade with care If you like my work please help to like and follow - thank you :)
USDX was capped by the resistance level of 97.41, as it remained in a sideways range during Wednesday's session. A pullback happened after the FOMC minutes were released and made the greenback to resume the bearish bias. The critical level is still placed at 96.90, where a breakout should deliver more bears' power toward the 96.25 level. H1 chart's resistance...
The US dollar index remains strongly bearish, now looking for a consolidation below the 97.00 psychological level. The nearest support lies around 96.90, which should open the doors to test the level of 96.25. This is the preferred scenario, taking into consideration that the 200 SMA on the H1 chart is pointing to the downside. MACD indicator is in the negative...
Bullish momentum fading. Bearish divergence. This is bullish for EURUSD, bearish for DXY. This is in line with fundamentals, with a June rate hike almost fully priced in to the market.
Desc.Triangle break and now retest Big RSI Divergence. Euro short term sentiment (and index formation) pointing to a probable bull run. Seasonality after mid year could point to weakness in DJI and DXY.
Bullish above 99.5 to 101 Possible reverse at 99.5 and leg lower to 98 and 97. Bearish below 99
long with trigger pitchfork & end of correction zone (50%-61.8%)