The DXY has formed a doji on the Daily frame which shows indecision in the price, however the DXY has been able to consolidate above the 103,917 support with a strong rejection wick above it which gives me a bullish signal to the trendline resistance at 104.991 with a possibility of breaking above the ascending channel to the next required resistance of...
This The Continued Analysis Of My View On The Dollar Index, This Is The 4 Hour Time Frame And That's What I Anticipate To See Pan Out This Week On The DXY.
Dear Traders, we have a good opportunity of selling XXXUSD pairs and buying USDXXX pairs, as the price currently testing previous LL we are expecting price to bounce from this zone. Let's not miss out on this opportunity. Good Luck and Trade Safe.
Dear traders, hope everyone having a great week, DXY we had a massive sell off due to mostly by economic events came out negative for USDOLLAR. What we are expecting on DXY is to reverse from the current price. Though we have NFP which will be crucial
Hi guys. Welcome to my TA analysis on the dollar index. ALot of talk has been going on about whether or not we are in a bull market for bitcoin and if equities will rally further or not. In order to assess or determine if its likely that we are, the dollar is used by many analysts to gauge at what the sentiment is, whether "RISK ON" or "RISK OFF". As such i also...
Only a personal opinion - DXY Weekly Seems positive for the USD today; look out two weeks, and it can still remain around the 102 level. It will be sideways in the area 102-103 for the following week, now attempting to go to area 103. If it break, the area 103 will continue to the area 104,448. Perhaps the usd will receive some good news.
TVC:DXY made retracement of 61.8% successfully after made a significant downtrend and reversed from a strong resistance zone. now if it breaks 101.3-100.8 it will down till 99.8-99.4 to 97.7-96.9 and moreover 97.02 also a fibonacci forward zone of 127.2%. allover trend is downtrend. Disclaimer - This chart analysis is only for educational purpose. Do proper...
Pair : DXY Index Description : Rising Wedge as an Corrective Pattern in Short Time Frame and Breakout the Lower Trend Line Divergence Rejecting from the Daily Demand Zone Break of Structure Completed " 1234 " Impulsive Wave at Fibonacci Level - 38.20%
#DXY LTF update... Deviating January high didn't convince me. I expect #DXY to wipe out the monthly FVG... If it wipe out the monthly FVG first before liquidating the previous low, I expect a good correction of USD. Parallel with that #BTC will make hh's again…
The weekly close was very bullish, this is my first target next week. I am targeting the daily FVG and equilibrium of the FVG. My long-term play is the weekly volume imbalance as it has been for a few weeks but it may take months to play out.
HELLO TRADERS, I wish you a pleasant end of the week.. so let's get to the analysis If during today's NY session we rebound from the marked zone 106.630 - 106.780, then we can continue further upwards to test the zone of interest around 107.750
The U.S. Dollar Currency Index (DXY) is showing continuing strong BULLISH move towards ATH of 114.773 of Mon 26 Sep '22, with U.S. inflation figures out later on today are in the spotlight, with the data expected to reinforce bets that the Feds will continue to tighten policy aggressively, hence extra strength to the DXY. Keep a close eye on DXY today, happy pip...
The US dollar is losing strength after getting rejected from the 2nd top. It also formed bearish divergence. Currently, it is holding above the trend-line support and a breakdown below it, would be a bearish confirmation for it and if it gave a close above 2nd top then that would confirm more upside move in the price of the US dollar.
No position was opened. If so, a pullback for its next move up is required. Crypto could be making its next move up. Correlations in TOTAL and the DXY are very noticeable right now. A slight pull back could mean cryptos next leg up.
Now Dollar index consolidate on108.3-109.3. If breakout then dollar gonna another high to 111.2; If NFP data will negative, Dollar gonna 106.3 and go on. Big Picture! Dollar now on solid bullish trend or up trend and still dominates the higher price. DISCLAIMER Remember, there is no place for luck in trading - only strategy! This analysis can change...
DXY create higher high & lower high; bearish divergence pattern. in technical view dxy need a correction. I also see another view of dxy; dxy create bearish butterfly pattern.
as we had analyzed this index earlier in lower time frames (240,D), we are getting more confluences or trend reversal even in the higher time frames of weekly. we can see the price has reached one of its significant support zones and it is diverging with MACD and Its Histogram so forming a Bullish Divergence, which is the sign of trend reversal and we may have...