📉DXY has broken and closed below the support line of a bearish flag pattern. Given that the pair is currently in a bearish trend, this breach could lead to a sell-off. I anticipate a bearish move towards the 102.57 / 102.37 levels.
According to the US Dollar Index, dollar longs are under pressure. Despite still technically exhibiting an uptrend, there are signs of technical weakness emerging. Since topping at 104.97 in mid-February (just shy of resistance at 105.04), price action has tunnelled through support at 104.15 (now marked resistance) in addition to channel support, extended from the...
-I see bearish price action over the past couple of weeks for this pair -CPI is tomorrow which would be a perfect pump to play out this Bearish Harmonic Bat on 4hr -For this D extension to play out it has to reach 104 level first. So you can buy now and short at that higher price. But be careful because DXY might need to touch support/ 102.35 for a boost up...
The U.S. Dollar Index is coming off a three day rebound after the 1D RSI almost touched the oversold (30.000) level. Even though the 1D technical outlook is bearish (RSI = 35.930, MACD = -0.200, ADX = 51.582) this small reaction is most likely the start of a counter trend rebound like late June 2023, which reached the 0.5 Fibonacci level. Consequently we are...
The recent rebound in the US Dollar Index (DXY) appears to have stalled as it’s now little changed from the start of the week, and a further decline in price may push the Relative Strength Index (RSI) into oversold territory for the first time since July. DXY Outlook DXY consolidates after failing to defend the February low (102.90) and the Greenback may...
With the recent Bitcoin rally avove new highs and currently over $72k, the DXY is also showing further weakness on this chart. This signals the BTC rally will continue and I believe straight to $80 if not $100k before the halving. See my other sudies on 'The Path to $100k - $155k Bitcoin' for reasons why this is in play.
✅DXY is making a pullback From the horizontal resistance of 103.041 And the index is trading in a Downtrend so we remain Bearish biased and therefore We will be expecting A bearish continuation SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Been waiting for this since December, but it looks like the DXY is going down to 98 region.
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I think usd is going down looking at monthly. Thoughts and comments will be appreciated.
USDollar Index - DXY is falling due to lower US Yields and we have been talking about that in the previous articles. There can be actually room for much more weakness, but on the intraday basis, we see room at least for one more leg down towards 102.00 level or lower. We have seen some intraday recovery recently, but looks like a clear corrective movement in...
Price may fall back to daily support at 102.276. A daily candle close below the support May insight further fall in USD. After price gets to 102.276 and close below the Price level in daily timeframe , our second target would be at swing low
💵 DOLLAR_INDX, H4 💵 13 March 2024 The Dollar Index, consisting of major currencies, surged following the release of robust US inflation data. February's consumer price growth exceeded expectations, indicating persistent inflationary pressures that could complicate the Federal Reserve's rate decisions. Headline US consumer prices rose by 3.2% annually, surpassing...
the dxy just touched the horn of the 369 expect exponential rally..
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Refer from my previous post . . now, we need to wait for confirming 103.400 in my focus to 1st BMS
Hi folks, I would like to share my opinion on the DXY in the 1H timeframe . In my analysis , I believe that the DXY is currently exhibiting a strong bearish bias on higher timeframes.However , it's showing signals that indicate a potential completion of it's pullback before reaching lower price levels.