Just monitoring price at the moment to see if this is going to reject off support to also support my other trade ideas or are we going to push lower. Pick bottoms or tops is hard so sometimes its best to just wait for confirmation off some candle stick reversal patterns.
After a big significant rise, US dollar is getting weak. As you see in the 4H chart, price has started a sharp downside move and is dropping. In daily time frame, we can see strong bearish candles has been closed for yesterday and the day before. Currently, price has broken the support level (red colour) at 108.970 and has been fixed below this level. I expect a...
DXY is ready to more correction after fake breakout above 109 level. Symmetrical triangle pattern will send it to 108.10. Trade safe. Good luck.
🔰You can see the analysis of the USD index in the 30-minute frame team (US Dollar Index _ 30 min)💣🔍 ✴️Supply and demand zones and ranges of 50% and 61.8% of Fibonacci retracement (purple💜) are shown in the image. If the price reaches the 61.8% Fibonacci range and the specified supply range, we can expect the price to drop to the support line (orange🧡 line). If...
US dollar is pullback to broken trend line after 5 week bearish move and ready to drop again. US economy shows signs of peak inflation and it will satisfy the federal reserve to rate hike 0.5 percent in September. So, Dollar index will week after this and its time to short it. Trade safe. Good luck.
Although US Dollar Index had a good growth last week, it is still in a downtrend. If we take a look at the price structure, we can see that the number of bearish candles is much less than the bullish ones, which means that the bearish pressure is more than the bullish pressure. Currently, price has been rejected from the red resistance zone and it seems like it...
US Dollar Index Long | Small Risk, Huge Reward | R:R +11.6 Position 1 Entry @ 105.762 Stop Loss: 105.500 Primary Take Profit: 107. 250 Swing Take Profit: 108.800 __________ Position 2 Entry @ 105.710 Stop Loss @ 105.080 Primary Take Profit: 107. 250 Swing Take Profit: 108.800 ___________ Use the Risk-to-Reward Visual Trade Levels For Risk...
In this situation DXY chart create Bearish butterfly harmonic pattern. So, market need to seems sell correction 107.3000 & 106.650 support level. If breakout 108.620 resistance level then market will go 110.00 level.
The U.S. Dollar Index (DXY) is on the 3rd straight green 1D candle, a rather strong rise that is about to test the 105.805 Resistance. A closing about could be a confirmed buy signal with the 1.236 Fibonacci extension as a Target (106.900) as this was the target on previous similar set-ups. However, the price action since the May 13 High resembles an Inverse Head...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this important update on the U.S. Dollar index. Of course, BTC is an independent asset class but it is somehow correlated with the U.S. Dollar index. Bitcoin has a negative correlation with the U.S. Dollar index. In other words, when the U.S. dollar rises, then, as...
In this situation DXY chart create Symetric Tryangle Megaphone Apex. So,If break out 99.00 risistance Zone then market goes to 99.200 & 99.400. If breakout 98.400 support zone then market goes to 98.00 support zone.
US dollar got strengthened in the last week and had a big rise. Currently, price was pushed to the downside and got rejected after reaching the last high which is a resistance point. There are two scenarios: Bearish Scenario: since price was rejected from the red resistance level, If it breaks the low of the previous 4H candle which has was closed in the form of...
In this situation DXY chart moves fully bullish. But market needs seems to sell correction. Next support level 98.100 Or 97.777 then market fully bullish.
Today I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern. If the DXY breaks out of the descending parallel channel,...
After a big growth, US Dollar Index has been moving sideway for the last two months between 95.650 - 96.900 Currently, the last descending trend line in the sideway zone is broken to the upside and price has been fixed above the line. Moreover, we can see a bullish structure with the higher highs and higher lows. But, on the other hand, price is approaching to...
Today I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern. If the DXY breaks out of the descending parallel channel,...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
US Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.