last Friday. After the United States released its seasonally adjusted non-agricultural employment (ten thousand people) in April, the announced value was lower than the previous value, and expectations were significantly lowered. The pressure on the dollar is enormous. Therefore, the US dollar fell sharply after the data was released last Friday. The lowest...
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Resistance Level and Rejection
DXY still looks generally bullish as we are currently riding a bearish pullback. Price reacted from thE 50% of FVG on friday but there is a better SC deep in discount which i expect price to sell to before rallying to continue trend. :. 🚨🚨🚨STAY SAFE - Use Proper Risk Management and Trade Management ⚠️ Please LIKE, COMMENT and FOLLOW for future analysis⚠️
Dollar has broken out of the Range with a Momentum on Friday during NFP. What do you think do is heading in the moment? Here is what the patterns says to me: We are currently into a monthly Correction, Weekly Double Top Pattern align with the Daily time-frame. Long story short the 4hr tells me that we were into a Range, and we broke below the range Impulsively...
US Dollar picks up gains ahead of Nonfarm Payrolls The US Dollar Index (DXY) is trading mildly higher at 105.80. The Greenback's modest upward momentum comes despite Federal Reserve (Fed) Chair Jerome Powell's cautious remarks on inflation and its uncertain future trajectory. Ahead of Nonfarm Payrolls on Friday, weekly Jobless Claims figures seem to be benefiting...
The recent weak US data and last week’s dovish FOMC statement has seen the DXY ease and the index has pulled back (4th wave). The support level to watch now is the 50-day MA level of 104.54 and the 61.8% fibo retracement of 104.77. A failed break below this support range will allow the DXY to complete the 5-wave impulse on the chart which will take the DXY to...
Hey team Hope you are Enjoying our ideas and Analysis. Today we are Monitoring DXY Hope you will Take Profit From our Chart Analyse.. Dollars have retested a demand or Trend line of 103.900 From where willbe Expecting a local Pullback And a Move Up.....🔥 Good Luck Guys 🤞
hello traders how are you today? dxy is in a correction and it seems price has another bullish wave to fill the gap.
Hi everyone, Here we are at another Sunday. Time for some analysis. Everything I had to say is covered in the video, but for a TLDR; I am still bullish on the Dollar. Although, I'm not convinced we have reached an intermediate bottom yet. I'm still waiting for more confirmation in order to have the highest probability of being on-side. Comparing with other...
u.s.dollar index can be some corrective then it may continue it's bearish trend...
The dollar index fell below a significant intraday support level on a 4-hour chart but was unable to close below it. This support could potentially lead to a slight upward movement before a possible retracement. I anticipate a bullish correction for the pair, with a target of 105.34 / 105.56
1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.
Hello traders on the chart, this is what I'm seeing on the DXY(DOLLARINDEX). The DXY is on the zone of strong support based on technical and fundamentals also suggest a further push to the upside in the subsequent weeks. I'm Looking forward to buying the dollar against any other pair since it will be much stronger.
This seems rather logical and most likely the final run higher before what looks like multi year reversal
Extended selloff from 106.490 which is the weekly highs of the week with intraday high to lows equilibrium located @ 105.210 which is my first target. 105.415 is my second short term projection. Candlebody closure below 104.552 will negate my idea
this is very tricky and I'm not sure but it seems like FED and HedgeFunds are playing big trap game.
Unmitigated GAP from Nov. 2023 about to be filled & then we expect a reversal AUDUSD, EURUSD, GBPUSD being bullish support our trend idea that DXY is weak & making a final run to gather liquidity. This move cannot be stopped Expect strong bullish trend on xxx-usd pairs
Analysis Week - 22 Apr 2024 Daily - Range / Bullish Cloud (D) - Above Cloud Weekly - Range / Bullish Cloud (W) - Within Cloud Mid Term - Range ________________________________________________ Reaching a Target Area Soon, Be Patient