On the higher time frame, the DXY exhibits a bullish trend, characterized by recent retracement into the 50% level on the Fibonacci. As we delve into lower timeframes, our focus sharpens. Specifically, we are on the lookout for price to form a double bottom setup—a pattern that often signals a potential reversal. This setup involves a break below the previous...
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
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...
DXY is in a bullish trend and broke and closed above the 103.000 level. Price action is trading in the ascending channel. If price pulls back to the support level,we can look for buying opportunities. We expect the resistance zone to be tested because the price broke a significant level of resistance. ------------------- Share your opinion in the comments...
HELLO FRIENDS!! As i can see DXY is creating a head and shoulder pattern this can be next move for DXY if US inflation data is good for $ Technically it is clear view for bull move till design levels friends it's just a trade idea we are looking forward for Ur thoughts in comment session it helps alote of other traders Stay Tuned for more updates.
DXY could not go higher than the resistance level. Price took liquidity above the resistance and dropped. We expect the support zone to be tested or to continue consolidating between 104.50 and 104.00. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Weekly Analysis : We are not able to have any weekly closer above the W-FVG-CE level-104.531 from the upside, another we didn't have any closer bellow the Bulish-W-FVG. So we could anticipate that we are in a confused state here. Weekly Bias: Consolidation. Daily analysis: We have got continuous rejection from the Bearish D-FVG, after taking 13 Feb...
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 US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in...
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
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!❤️
Dollar Index keeps consolidating within a horizontal trading range. The price is testing the resistance of the range today. I think that the market will retrace from that. Goals: 103.47 / 103.25 ❤️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...
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
DXY is in an ascending channel, making higher highs and higher closes. It is in the consolidation zone. If price pullbacks to the support level and the fibo 38.2% level, the market will probably go up to retest the consolidation zone. We expect the trend to continue and retest the highs. ------------------- Share your opinion in the comments and support the...
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...