I'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders. Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level...
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...
Given that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the...
The DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video,...
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...
The DXY has exhibited a prolonged period of consolidation, while the higher time frame reveals a robust downtrend. In the video analysis, we observe notable price action, identifying a triple top with a spike above, potentially indicative of a stop run, suggesting the likelihood of continued downward movement. Additionally, the video explores the prospect of a...
Taking a Look At The Dollar Index To Kick Off 2024 DXY / USD As everything hinges off the us dollar I think it is important to take a close look at the dollar index as we trade into the London Open today. In the video I give you my top down approach looking at the DXY
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hi all traders, This is a video analysis for dxy. DXY is gonna be volatile as the US election nears. but we are also at an important levels where traders could make some pips trading it. So take note of those levels i have explained in the chart. hopefully you will take some trade off it and make some pips. As always, do like and share this video analysis...
Hi all traders, This is a video analysis on dxy. Currently bears are making some short term waves but do take note of some levels as explain in the video for you. Click on the video and you will be made known of these levels.. Cheers and thank you! ****Follow me on tradingview**** ***Do like and share this video analysis so that they can be updated of such...
Hi traders, This is a video analysis on dxy, Take note of all these levels i have explained in the video. I have also attached the 23 Sept dxy video analysis which is still valid. There are some levels that i have explained then, and now it's still true and holding rather well. Cheers! ***Follow me on tradingview for more video analysis**** ****Like and...
HI all traders. This is a video analysis on dxy. DXY is actually on the upside for now, but be wary that dxy is still a downtrend for now. There are a few levels that i have pre-warn within the video for traders to take extra note on it. Do take extra note on this because dxy usually will affect most of the usd pairs movement. Especially for EURUSD. As...
Hi all traders, This is a video analysis on dxy. FOMC is this week, so please trade safe. I have pre-warn some of the levels within dxy, so please take extra note on it and trade safe as always! Follow me on tradingview Like and share this trading idea with your friends Hope you like this video analysis on dxy. Cheers!