DXY DXY had a break out this morning and took some liquidity at the $105 area from people who took shorts and put stops there. If the news isn't good for the stocks today, this might pump higher and test out the $106.14 high.
There has been little change in the market since the minutes of the Fed's monetary policy meeting were released in September. This highlighted concerns about U.S. economic growth and caused the Fed to become cautious about raising interest rates. Dallas Fed President Rory Logan and Fed Director Christopher Waller have argued that rising U.S. Treasury yields in...
DXY confirmed this week that its price has been bearish and is currently attempting to break through the reversal area. If the reversal line is successfully penetrated, it will confirm the bearish trend, although there is a possibility of a temporary bullish correction. The initial bearish target is 103.500
✅The DXY index managed to break the Uptrend line and 🟢 Support zone 🟢. 💫Currently, DXY reacted well to the Resistance line and formed a 💫Shooting Star Candlestick Pattern💫 near this line in the 1-hour time frame ⏰. 🔔I expect the DXY to trend lower in the coming hours , enter the 🟢 Heavy Support zone 🟢, and fall to at least the 🟡 Price Reversal...
Earlier this week, the safe-haven dollar strengthened against the euro as military clashes between Israel and the Palestinian Islamic militant group Hamas raised concerns that the conflict could spread beyond Gaza. However, the dollar weakened against other major currencies. Yesterday, Israeli Prime Minister Benjamin Netanyahu said Israel's response to the...
DXY- 09/10/23 **Trade setup:** If the DXY falls here the crypto might pump, but the wars going on will not help the markets and does not look like it's on the fall side of the V now from the push up from $104.20, there is a lot of supply in the way of this and demand its in the middle of now, so will keep my eyes on it.
Pair : DXY Index Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Upper Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " A " Corrective Wave. We have Strong Divergence and Break of Structure Entry Precautions : Don't Enter until its Rejects from Previous Support or Complete its Retracement
✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴. 🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago. 🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰. Do not forget...
TVC:DXY - 02/10/23 **Trade setup:** Still looks very bullish, but the X in green is telling me the trend is getting weaker! Coming into a SUPPLY zone made in DEC so were getting stopped here but looking to break out of it on the day chart! If we can get above here it will take out the two red imbalances from last NOV and try the high at $114, this is running...
Pair : DXY Index Description : Breakout the Upper Trend Line of the Consolidation Phase and Completed the Retracement. Completed Impulse and Corrective Waves " ABC ". It has Breakout the Upper Trendline of the Corrective Pattern Falling Wedge in Short Time Frame
Based on Dxy's recent movements over the past 2 weeks, there hasn't been a noticeable correction. Despite the fact that the price has reached Fibo Extensions 1, it's likely that there will still be an upward trend towards a price of 109,000.
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and " a " can Possibly Reject from Fibonacci Level - 38.20% / 50.00%. We have Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
The US dollar has been on an impressive rise, leading to a remarkable domino effect on the oil market while simultaneously lowering the Euro. Let's dive into the details and explore the exciting opportunities this presents for all of us! First and foremost, let's celebrate the recent surge in the US dollar. This upward trajectory has been fueled by a combination...
After Sunday and Monday's closure, the price seems to have stabilized. I have highlighted the area where the price remained. It would be wise to wait for the price to move out of the lower box region. If the price breaks through the bearish trend, there could be a chance of a reversal. However, if the price breaks through the bullish trend, the price will continue to rise.
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and it will Complete its " A " Corrective Wave at Fibonacci Level - 38.20% / 50.00%. It has Breakout the Upper Trendline it can Reject from the Current Resistance to complete its Retracement
Hello dear frinds : Until the dynamic level is not broken, we expect the price to decrease And if the trend line breaks, the next target is the orange static level
Dxy Bullish is unstoppable. With last week's analysis, we estimate that the price will approach the QM area. Here we can observe first, even though the price will be in the QM area not necessarily a reversal immediately. There is a possibility that the price will be consolidated for some time.
Introduction: In recent times, the US dollar has faced increasing challenges as both Japan and China take measures to defend their respective currencies. This shift in global dynamics has raised concerns among traders and investors who heavily rely on the US dollar as their primary asset. However, this situation also presents an opportunity for us to reassess our...