DXY is trading under the declining trendline . The price is reacting well the support and resistance of falling trendline.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 104.3 followed by 104.6
What you guys...
There seems little reason to be bearish on the greenback right now, particularly as markets continue to hawkisly reprice the policy outlook, and with the Fed’s March ‘dot plot’ again likely to point to just 75bp of cuts this year, around 15bp more than markets currently price, which should continue to see Treasuries sell-off, naturally led by the front-end of the...
It is expected that the index will change its trend in the current support range and start an upward trend. Otherwise, the correction process will continue according to the blue color path
The DXY recorded its first weekly loss for the year last week as the major red downward trendline and the 61.8 Fibo retracement rate of 104.80 held its ground. The DXY is currently sitting on the 200-day MA level of 103.73 and it will most likely test levels below this rate this week with the US GDP and US PCE prints on the schedule for this week. A failed break...
Today I have Long expectations for DXY. On previous week price deeply swept SSL and left a lot of liq. above. It would be great to rebalance during this week.
5 down wave (green label) structure has been completed, for now correction wave (complex correction : white label) might be completed if price create WXY wave structure (reject fibo reteracement 0.618 level) or price create WXYXZ wave structure, there is one more leg up break previous high (105.00)/ reject fibo level 0.786 then next down wave structure will be unfold.
Sunday's we look at the markets and try and map out a weekly direction and possible trade setups by breaking down key levels on DXY, Gold and top forex pairs. plus a look at US30. We breakdown trends and Viper setups.
Support on the daily timeframe plus further analysis on the 4hr timeframe forming an inverse head and shoulder pattern will give buyer an opportunity after pattern completion
DXY should show us it's true intentions this week. Bullish Tue low of the week from Weekly Breaker MT + Previous Week's Tail CE to Monthly BPR + Weekly OB MT
We are looking for a possible inverse head and shoulder formation which is a reversal pattern resulting in buying opportunities should the market break outside the bearish structure
A clear bear trap can be observed on the 4-hour chart of 📈DXY.
Price initially dropped below a significant support level but quickly rebounded and surpassed a resistance line in a descending channel.
This breakout suggests potential for upward movement, with targets at 104.41 and 105.00.
TVC:DXY
Short-Term DXY Stability: Despite an overall bearish outlook for 2024, the U.S. Dollar Index is showing resilience in the short term, buoyed by strong leading indicators like higher inflation rates, robust GDP growth, positive Non-Farm Payroll figures, and a rising U.S. 10-Year Treasury Yield. This suggests a period of consolidation before any...
Weekly outlook TVC:DXY NASDAQ:EU $gu
The #DOLLAR chart does not look clear to me. Last week we had the 1W fvg as DOL and it just worked perfectly.
But the way we have reacted to the 1W fvg suggests we get at least a short term rise on $dxy.
Until we get a decisive close below the 1W +fvg or above the 1D -ifvg, nothing is clear.
I will be patient and...
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have any questions,
the entry will be taken only if all rules of the strategies will be
satisfied. I suggest you keep this pair on your watch list and see if
the rules of your strategy are satisfied.
Dear Traders,
If you like this idea, do not forget to...
- Price swept the last lows (inducement) at 103.800 levels confirming a new higher high.
- You can observe the last week extreme low filled the liquidity void the formed in 2 FEB with the last impulsive bullish move.
- Full closure above 103.800 is a confirmation to look for long opportunities this week.
Hello Traders!
This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will...
