The U.S. Dollar Index is coming off a three day rebound after the 1D RSI almost touched the oversold (30.000) level. Even though the 1D technical outlook is bearish (RSI = 35.930, MACD = -0.200, ADX = 51.582) this small reaction is most likely the start of a counter trend rebound like late June 2023, which reached the 0.5 Fibonacci level. Consequently we are...
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 U.S. Dollar Index has closed the week on a flat 1W candle, the first such since October 2nd 2023 on a marginally bearish 1W technical outlook (RSI = 43.488, MACD = -0.450, ADX = 30.953). The 1W RSI has rebounded on the S1 Zone forming a HL trendline and this gives shape to a Channel Up. This RSI formation is much like the bottom's of 2021 and 2018 as you can...
The U.S. Dollar Index closed last week under the 1W MA50 for the first time since August and that signals the bearish extension of the decline that started on the October High. Naturally, the 1W technical outlook has turned bearish (RSI = 42.067, MACD = 0.190, ADX = 46.054) but the 1D is oversold (RSI = 29.749) and calls for a rebound in order to harmonize this...
The U.S. Dollar Index is reversing at the top of October's Channel Down on a technical outlook that is about to turn neutral (RSI = 56.064, MACD = 0.260, ADX = 25.484). As long as the price stays inside the Channel Down, we are bearish, aiming at the 1.1 Fibonacci extension (TP = 105.225). If the price crosses over the top of the Channel Down, while the 1D MACD...
DXY refused to fall below 4HR 200EMA support last week and had a fantastic bounce to the upside. This bounce solidified the current bull channel we are in, with no sign of a reversal in sight. There is currently a gap between 106.672 and 109.000, which is the next weekly resistance zone noted from July 2022. How do we trade this? Probability shows that breakouts...
Hello There! Welcome to my new analysis about the DXY, U.S.-Dollar Currency Index on the 4-hour timeframe perspective. Within the recent times the DXY has shown up with these main bounces in the range to retest previous resistances. With this occasion I detected further important signs to consider especially as bonds recently trended upward and non-DXY economies...
The U.S. Dollar Index is rising on an almost overbought 1D technical timeframe (RSI = 69.699, MACD = 0.650, ADX = 30.040) supported by a HL trendline. Following the 1D Golden Cross (first since July 26th 2021), it is now facing the most important Resistance for the long term, R1 at 105.900. We will go long if a 1D candle closes over it and target the R2 level (TP...
The US Dollar Index crossed today under the S1 (100.800) for the first time since February 2nd and this sets in motion the second part of this new bearish leg of the Channel Down pattern. The 1D timeframe turned oversold (RSI = 28.999, MACD = -0.360, ADX = 23.314) and with the 1D RSI imitating the November 11th 2022 Low (as well as the MACD), it is likely to get a...
DXY is having the strongest bearish 1D candle since the May 31st rejection at the top of the long term Channel Down. The 1D time frame is deep in red technicals (RSI = 36.647, MACD = 0.090, ADX = 40.756) but the fact that the price crossed under the 1D MA50 gain, calls for more selling. Based on the previous bearish leg, we aim at a medium term correction of...
The Dollar Index is trading under a Falling Resistance and the MA50 (4h). The Death Cross a week ago has confirmed the continuation of this short term bearish trend. Trading Plan: 1. Sell as long as the price remains under the Falling Resistance. Targets: 1. 100.850 (Support 1). Tips: 1. The MACD (4h) is about to make a Sell Cross. It will be the final...
In previous reviews, we considered the target where the possible reversal zone 104.6-101.66 is located. Our view remains the same: an increase from the reversal range will bring prices to 109.5, a fall below 101.66 will change our opinion.
In This video we look at the DXY again and where it can go next. Remember to NEVER Load your Trading size. it kills. Use PA only WISELY.
The price is trading near the support line. Strong support at 95.94 if break 97.41 conform bullish