The Dollar Index is sitting on a very important support level, and we do not expect it to break this support and lose ground. We expect the Dollar Index to start an upward trend with a target of 103.59. If the Dollar Index manages to push above 103.89, we anticipate the upward momentum to continue, and our next targets would be 104.445 and 104.716. 📈
↪️DXY has developed a well-defined head and shoulders pattern. With the breakout of its neckline indicating a significant bearish trend. It is likely that we will see a retracement to at least 104.05/103.91.
As We Talked in The Previous Analysis: The US Dollar Index Reached a Support Level. The Resistance Line is Broken! Currently, The Market Broke The Resistance Level, This Key Level Becomes a New Support Level. So I Expect a Bullish Move 📈 TARGET: 104.810🎯
Hola, so this is what i would like this to get hammered down from here maybe squeeze some shorts first though doubt we deiviate above range high IF we do might as well keep going and we get our rate cuts next time
We got almost 5 waves up. Now looking for a bearish divergence on the RSI. Then a sick wave down to 94!! Lets see good luck!!
Updating my TVC:DXY predictions: 1. Everything hinges on carry trade with Japan 2. Japan is raising rates until they resubmit to negative interest rates this summer 3. The USDJPY will plummet until summer, this will cause the dollar to go down which increases inflation in the USA and deflation everywhere else due to the dollar being a reserve currency. 4. I...
✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴. 📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern . 🔔I expect the DXY index to rise to at least 🟡 Potential...
The Dollar Index is currently in a strong long-term downtrend! It is testing the resistance of the downtrend line, and if it fails to break it, we can expect a downtrend movement towards 102. And if this downtrend line is broken, it's time to make up for past declines! This means a very strong uptrend movement. You can read the fundamental analysis of the idea below. 🙂
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...
Be aware!!!!! Look at daily candlesticks formation, it seems like reversal pattern is forming, yesterday (Wed) FOMC push price lower and close at almost the lowest price of the day, and today (Thu) price open low with a significant gap. This seems like a scary pattern that DXY is about to reverse and go bearish. HOWEVER, price has never violates the significant...
Since the beginning of January, the FED has been indicating that the pace of interest rate cuts throughout the year will depend on upcoming data. Additionally, by adopting a hawkish stance, it continues to temper the market's expectation of six interest rate cuts this year, as speculated in December, by signaling only four cuts. Most likely, we will see three or...
Hello Traders ! On The Daily Time Frame, The US Dollar Index Reached a Support Level. Currently, The Resistance Line is Broken! So, I Expect a Bullish Scenario: If The Price Breaks and Closes Above The Resistance Level ! We Will See a Bullish Move... TARGET: 104.810🎯
After the previous detailed analysis on DXY, which we recognized the correction well, we have now reached an important order block in the 4-hour and daily time frame. If this important level is broken, the next level can bring the price back to the target.
- Price swept the liquidity below 102.700 forming a full retest at 102.0 demand zone also rebalancing the gab at 102.600. - Strong bullish closure with last PPI news lifting behind fair value gab (Strong Bullish). * We may see a rebalance with market opening to FVG targeting the first high at 104.300 and 105.0 as an. extreme target.
Positivity is still strongly controlling the dollar index, and this will lead it to the resistance above and face an area of weakness. Then let us see what will happen. *In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this...
In our previous analysis We could see DXY on a bull run after forming double bottom pattern on a monthly time. DXY looking to stay strong through this year. A break of the counter trend line and $106 see level, the next key zone will be $114-120
Last Friday, the dollar index successfully closed the gap from January. After that, this week, the dollar managed to recover from 102.50 to 103.50 levels. We have additional support in the EMA50 moving average. On Wednesday, the FED will announce the future interest rate. Expectations are that it could remain at the same level. This could strengthen the dollar...
In recent days, the Dollar Index (DXY) has shown an impressive rally - much to the detriment of many other assets. A day before the next meeting of the US Federal Reserve (FED) and half an hour before the auction of 20-year US Treasury bonds, the DXY has reached an interesting zone. Here, several Fibonacci resistance areas converge, forming a zone of confluence....