🔰You can see the analysis of the dollar currency index in the one-hour time frame (DXY_ 1H) 🔍🧨
💥Considering that the price has been able to break its Down trend line🖤, if it can reach the DEMAND zone, it can rise up to the SUPPLY zone🚀🔺
Do you think this analysis can be profitable🧐❓
I hope the analysis was useful for you🤍🌹
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The noise pollution for the market is extreme this week, from interest rate announcements to non-farm payrolls and manufacturing PMI's. Based off technicals, the dollar is looking rather perky at the moment. The DXY seemed to find support off its 61.8% Fibo retracement level, from the 2022 gains, of 101,841. I suspect a move higher towards the 50-day MA level of...
Falling wedge formation chart. Moving into a higher volatility environment for the next few months. Inflation numbers should continue to fall quickly, especially relative to other countries as the real economy feels the lag effects of the FED rate hikes.
Hello guys, This is an update of previous analysis (blow link). Everything is marked on the chart like always. The market has completed its diamond reversal pattern and I expect the temporary end of the correction and break the resistance and retest in the circle for entering safe in the Gold , Euro , Pound and etc. So I'm waiting for the breakout from there and...
The US dollar index made a bold move before the Fed decision by breaking out of a descending channel in the 4-hour time frame. The instrument which tracks US dollar strength across some assets has seen its movement limited in the last 2 weeks after dropping from 103.00. The possible price movement we could anticipate before Wednesday’s showdown are:
BULLISH...
DOLLAR INDEX MY VIEW-
N.B- In this situation DXY chart shorttime chart create higher high move.So, market need
seems buy correction @ 102.555 and 103:135 risistance level.If breakout this
resistance level, then market Buy UP to 104:000 resistance level.
Hello Traders, here is the full analysis for this pair,
let me know in the comment section below if you have...
The dollar is showing signs of support at this key zone and we will like see some strength which will negatively impact commodity stocks.
First hurdle will be the yearly pivot around $ 104.22
Confirmation
• Relative equal highs are taken out✔️
• Buy side liquidity taken out ✔️
Entry
• At Fair Value Gap and above the midnight open ✔️
• London killzone ✔️
Target
• Price to sell up to 102.000 ✔️
The weekly DXY chart appears to have bottomed and turning higher, which likely will lead to some profit taking pullback on Bitcoin and crypto overall, which is not unexpected here.
I've outlined the zones here for where we could see more trouble for Bitcoin and crypto if the DXY pushes higher.
Of course if we breakdown below support, and DXY that heads lower,...
Since the low at 101.50 two weeks ago, the USD Index is trading in a range.
However, the pressure seems to be on the buy side and a break above 102.30- 102.40 resistance would bring confirmation for a possible reversal.
In such an instance, the first target for bulls is the 103.50 zone resistance
I'm bullish as long as the 101.50 low is intact
US
This week will be a fairly exciting to monitor as Interest Rate announcement and Non-Farm Payroll data will be release. Two heavy hitting news that is very key to understanding further trends in the markets, especially on DXY.
Through entire January 2023, DXY is consolidating steadily and holding ground around 101.500 area. Could this week’s high impact news...
In long term, I would only suggest sell setups for DXY, but now I think there are some liquidities that price needs to touch
after taking all those liquidies we will prepare to find some good entries for sell setups (103 seems good right now)
Drawing supply and demand areas and possible scenario Drawing supply and demand areas and possible scenario Drawing supply and demand areas and possible scenario Drawing supply and demand areas and possible scenario
Inflation is the key to US Government function. No inflation=No Bonds, No Social Security etc. All major foreign powers lowering US treasuries holdings. See you at the bottom greenbacks.
