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🔥
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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...
It is expected that the corrective trend will form up to the specified resistance levels and then we will witness the continuation of the downward trend.
If the index crosses the red resistance range, it is likely that the upward trend will continue
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.
#DXY #USD #Dollar #Index #Eddy
(( If he breaks the areas and swaps them with this kind of movement, I expect the supply range to grow! )) Then!... In My Opinion... The US Dollar is the most Valuable & Safest Asset! What do you think?
I didn't share it from the start but is easy to follow, n nice staff my first target is 100 before I can look for further target,this is a signal that involves educational, learn to follow the trend in different ways.
DXY traded in rising channel for a long time , after breaking trendline retested it several times and then made sharp fall , now i am waiting for little correction and weak DOLLAR INDEX again .
