dollar index is due a decent pullback today. so i see a retracement if not today this week. great RR
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
The dollar remains on the front foot, with the buck benefitting from haven flows amid rising geopolitical risk, as well as the continued outperformance of the US economy; both being factors which point to further upside remaining on the cards. The greenback has continued to gain ground of late, with the USD rallying to fresh YTD highs against a basket of peers -...
We might get weakness here, simply due to the fact how technically overextended the pair is. Fundamentally, we are anticipating rate cuts, so that helps in forming the bias. Monitoring $105.95 as of now for further confluences, as it will help me form an idea on the rest of the pairs in the Dollar basket.
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...
Dollar Index may continue growing. The market reacts positively to a recently broken resistance and we see a strong bullish reaction. I believe that the index may easily reach 106.4 level today and potentially go higher. ❤️Please, support my work with like, thank you!❤️
fter successfully trading dxy long due to inflationary pressures and unrealistic beliefs surrounding the scale and scope of Fed interest rate cuts. It is now time to look for value in selling dollar at high prices and to plan that approach after the 6 month close. Their are govt forces that hold USD dollars and will potentially seize the opportunity to gain more...
Week of the 15th April (H4) DXY: Consolidate along 106 resistance, look for breakout to 106.70. Maintain bullish if price stays above 105.30 NZDUSD: Sell 0.5915 SL 40 TP 110 AUDUSD: Sell 0.6640 SL 30 TP 90 USDJPY: Buy 154.20 SL 40 TP 75 GBPUSD: Sell 1.2475 SL 40 TP 115 EURUSD: Sell 1.07 SL 30 TP 160 USDCHF: Buy 0.9155 SL 25 TP 75 USDCAD: Sell 1.3730...
16th April DXY: Consolidate along 106.30 or retrace down to 106.10. Look for bounce to test 106.55 NZDUSD: Sell 0.5910 SL 15 TP 35 AUDUSD: Sell 0.6430 SL 20 TP 70 USDJPY: Sell ORDER 154.55 SL 30 TP 130 (Intervention position) GBPUSD: Look for reaction at 1.2380 if support breaks, Sell 1.2360 SL 30 TP 90 EURUSD: Sell 1.0645 SL 35 TP 105 USDCHF: Buy...
hello everyone, DXY has been bullish with all the positive USD news.. at the moment dxy reached the resistance level the price can either pull back to 1st or 2nd support depending on the market.. buyers can kick in since all pairs are falling against USD (mostly all major pair).. so far there is no confirmation on price being bearish... price need to break below...
After reaching its important price range, the Dollar Index experienced a downward movement. It seems that after a retest of the price range of 105.86 - 106, it will start its downward movement towards 105.1.
The Dollar moving with huge bullish momentum the past few weeks😍 The DXY is up 300 PIPS from when I first posted the analysis. Using this DXY long analysis, you'd know to short the XXXUSD markets.
There are many facets to dictating near term direction on dxy. Using larger time frame weeklies, the low of week was 6 nov retest weekly topside. A near term correction from a rejection wick at 106.5 made some sense and a scalp in the opposite direction performed well. The objective was to form a new weekly low. looking at the reaction of the red week top from...
The US Dollar Index (DXY) is poised for a bullish run in the coming months, supported by a number of factors, including rising interest rates in the United States, a weakening euro, and geopolitical tensions.
Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 105.823. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
The US Dollar gave a positive outlook on wednesday from positive CPI data. The dollar has now confirmed to be positive for the upcoming weeks with some corrections there and there. The following pairs will go as follows: - XXX/USD pairs will sell - USD/XXX pairs will buy
Dxy broke out of the range it did and now it heading to 107 as first target but we would need to see some pullbacks for us to continue to the upside to atleast 107