Hi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis.
So as we can see on provided weekly time frame that chart is improving and came out from downtrend by breaking last swing top area and closed above which is the highest weekly...
In times of market uncertainty, investors often seek refuge in assets considered safe havens, such as gold and the US Dollar Index (DXY). While traditionally these two assets exhibit a negative correlation, meaning when one rises, the other tends to fall, their simultaneous ascent during periods of uncertainty might seem counterintuitive at first glance. However,...
DXY: Price Managed To Develop Above 105.00
From yesterday's analysis, DXY developed above 105 even after the ECB meeting.
Despite the hawkish tones from the ECB President Lagarde, we say the dollar index keeps the bullish tone strong.
The focus came back on the FOMC rate decision during the coming meeting and the possibility that the FED will not cut rates...
This chart is revealing something... There is a signal that is interesting to us, it came in 8-March. To us this is a clear reversal signal. This session/day ended as a Doji before reaching 0.618 Fib. retracement and now we see full green.
After the initial bullish move, after the "reversal," we get a price peak. These moves tend to be corrected by 50-62%. When...
The market moves in waves, pretty simple.
➖ Up and down.
From July through October 2023 we had a major bullish wave followed by a distribution phase.
From November through late December 2023 we had a correction.
➖ Up and down...
We are now set to see a bullish wave based on how the market cycles through positive and negative, red and green, bearish and...
US Dollar flirts with a fresh six-month high as traders divide markets in weak and strong currencies
The US Dollar locks in gains for this Friday and this week, trading at the strongest level since early-November. Traders are pushing the Greenback higher while markets are diving the forex markets in two camps with weaker-for-longer and stronger-for-longer...
US Dollar loses ground on the back of lower Treasury yields
The US Dollar Index (DXY) is currently trading at 104.12, remaining rather neutral. Markets stand largely quiet as the week's highlight is the release of March’s US Consumer Price Index (CPI) figures on Wednesday. In the meantime, declining US Treasury yields seem to be weakening the US Dollar, and minor...
⚠DXY closed last week at a solid daily resistance zone
Depending on the reaction of the price to that structure, I see 2 potential scenarios for this week.
Bullish Scenario
If the price breaks and closes above 106.17 resistance on a 4-hour chart, a bullish continuation will be expected to 106.89 level.
Bearish Scenario
The price may respect the underlined...
Hello Traders !
Yesterday, The Dollar Index Broke The Resistance Level (104.976 - 104.810).
This Resistance Level Becomes a New Support Level !
So, I Expect a Bullish Move 📈.
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TARGET: 105.770🎯
Previous Analysis:
I will change the dollar's bearish stage to bullish stage.
I see some potential conflict between south korea and north korea , also china vs taiwan since the new president of china is elected now.
dollar target is fibonacci's top which is 140.
Based on the positive economic data from the US session last week, it appears that the US Dollar is currently at a strong level and poised for potential long-term highs. However, it's important to exercise caution and closely monitor the currency's movements.
Observing recent trends, the US Dollar has approached the top trend line twice but has yet to break...
Hey traders Congratulations..
"Unlocking the Potential: DXY Analysis Indicates Long-Term Highs Ahead"
In the dynamic world of forex trading, the US Dollar Index (DXY) stands out as a key indicator of global economic health. Recent analysis suggests that the DXY is gearing up for a significant move towards long-term highs, presenting a compelling opportunity for...
Overview:
The DXY Dollar Index is currently undergoing intricate price action dynamics, characterized by fluctuations within key levels. Understanding these levels and potential scenarios is crucial for navigating the market effectively.
Key Levels:
1. Support Levels:
- Notable support lies at , representing a significant area where buying pressure has...
Dólar is going to keep risig for the next few months. I Guess untill end of May, brginning of June, surpassing the pprevious hight of 2023, but bellow the high of 2022. I dont ecpect to see GOLD to rise as it did in previous weeks with the dollar. I exepect the opposte: A correction of 8 weeks os so in gold back to 2100 -2150.
**Monthly Chart**
Last month's candle closed bullish and as a key reversal to the upside indicating a continuation move of DXY to the upside at least to 106 level and balancing monthly engulfing levels at 107. This tells me that other pairs such as EURUSD & GBPUSD still have room to move lower to the discount zone (extreme demand zone) before deciding to move...
