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...
We have a nice lower high set up on this pair on the H4 timeframe giving us more confluence for the downside movement and of course we waiting for a momentum shift candlestick for our final confirmation
**Monthly Chart**
Last month's candle closed as bullish but within the range of the previous monthly candle. This month (Feb 2024) started moving higher and then retraced to the liquidity pool of Nov 2023 and started moving lower.
**Weekly Chart**
Last week's candle closed bearish after the previous week's key reversal. This pattern provides a strong direction...
We've came into a higher timeframe key level. The midpoint of the monthly fair value gap. Everything is in line for DXY to dump. The change in the state of price delivery is visible on the 4h chart. FOMC can bring the volatility to send price lower to the monthly low firstly, than further down (waaay down).
Ok that's all byyyyyyy
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Chart for the USD on the higher timeframe looks to have turned to the downside. H4 continued to make lower lows. If the inverted h&s didnt form out on USD, likely we could be seeing more downside for USD.
Do check out my stream video for the week to have more...
I want to be brief and straight to the point. On the weekly chart price traded into the weekly breaker block and within that zone on the daily price traded into a daily orderblock and within that same zone on the 4HR price traded into the BISI which was created by the Non-Farm Payroll impact. It's amazing how price shows sensitivity just at the consequent...
DXY/dollar index still respecting the waves wave by wave.
Price action bearish divergence bearish volume bearish
The wave 2 will give us long stetups on eurousd gbpusd gold .
