Inflation released this week is expected a difference of 0.1 and 0.2. The written analysis over past months was correct and here's why. Since Inflation highs in June 2022 at 9.1 and 15 months later to current 3.7, each Inflation release averaged 0.36. The actual drop for each Inflation release was 0.1 and 0.2 and failed to meet or exceed the 0.36 average. The...
Hi Everyone The DXY is the back bone for all the investments including crypto The DXY and the USDT domination is showing weakness confirmed by mathematical modules and analysis, I expect a rise for all major markets (Commodity, stock and crypto) I hope you Enjoy the ride Good luck Everyone
DXY's current holding pattern matches a previous reversal almost perfectly. If it continues to play out I'd definitely rather be owning assets than sitting on cash.
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...
The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻. 💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA . 💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a...
Last week the US dollar index (DXY) closed at a 15-month low and beneath 100 for the first time since April 2022. Yet subsequent price action has seen a lack of conviction form bears, allowing prices to form a double bottom just above the March 2022 high and close with a Spinning Top doji yesterday. Given US yields are showing signs of stability (and hinting at...
Seeing the current Dxy structure, there is a downtrend channel in which there is also a triangle expanding pattern. Seeing patterns like this, the possibility is Dxy while the time will bullish up to the pattern that I describe on this chart.
This Is The Dollar Index On The 4 Hour Time Frame And This Is What I Anticipate To See, Ideally A Sweep Of The Sellside Liquidity Engineered Today Then A Bullish Confirmation On The M15 To Confirm Our Bullish Bias Then We Can See The Dollar Index Rallying To Take The Buyside Liquidity.
This Is A Simple Anticipation I Have On The Dollar Index, It May Or Not Pan Out But We'll Wait And See, I'll Update You Guys As It Progresses.
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.
I'm eyeing a significant decline in the U.S. Dollar Index (DXY) from its current level around 103, down to 25, driven by escalating inflation, competition from Bitcoin and gold, and the influence of BRICS nations. Should this substantial DXY drop materialize, it would likely benefit commodities, emerging markets, export-oriented economies, cryptocurrencies, and...
You can see the note that I gave on the chart, the possibility of wave 4 happening later. I still believe DXY will remain bullish as long as the price does not fall deeper than the invalid area, there is a possibility that DXY will fall more than that, but there is a certain limit to how deep the price will fall.
if elliot's notation is correct, most likely there will be a correction and DXY will continue the bullish trend again, limited to 105,600
As expected, DXY continues showing weakness, with smaller increases of expected rate hikes, yields drop, and increase in CFTC net short positions, I expect the following bearish scenario to play out in the coming weeks, Good luck and DYOR , CAPITALCOM:DXY
- we can see a potential reversal here after sweeping SSL - we are currently continuing downwards into more discounted levels within this weekly range
Currently, we are in the process of completing a correction space, there are three areas: 1-103.037 2-102,863 3-102.719 It was based on a combination of percentages of fibrizing waves with pivot points. The range of 102.719 is located in the vicinity of the static support range of 102.634 and provides suitable conditions for the upward trend. In case of failure of...
We are in a channelized space of a decreasing trend of daily time. Currently, we are witnessing a negative reaction in dealing with the ceiling with a negative divergence. It is expected that by breaking the resistance zone of 102.808 based on a combination of static and pivot point, it can touch the target of 102.455, which is on the static ceilings from the...
Hello, my dear friends and fellow traders. What we are going to look at today is the US dollar index. When looking at the daily chart this is a good setup for the price of this index to go up. if we see if this index can be taken long position, according to the daily time scale in this index, it is at the lower side. Very dangerous one to take a long position....