Longterm Outlook on DXY. Expecting a weak dollar towards the end of the year. This is the technical view. On the fundamental sides, the data releases from the United States has continued to weaker on every release. Also, there is expected rate cut on the interest rate.
Weekly: 1. Direction: Bearish 2. Reasons: 1. Price disrespected the FVG 2. BOS with massive displacement 3. price is moving from IRL to ERL Daily: 1. Direction: Bearish 2. Reasons: 1. Price respecting the FVG 2. BOS with massive displacement 3. price is moving from...
The Dollar Index is experiencing a slight downward trend, with the price consolidating in a descending triangle pattern. The neckline of this pattern is between 105.09 and 104.88, which has been a major horizontal structure. If the price breaks below this level and closes on a 4-hour chart, it is likely that the market will continue to decline. The first target...
Monday 20th: 3 Gold Folders Tuesday 21st: 5 Gold Folders, 4 Red Wednesday 22nd: 5 Gold, 5 Red Thursday 23rd: 3 Gold, 9 Red Friday 24th: 6 Gold, 2 Red Many will cry themselves to sleep as stops get triggered on both sides as this week is a HECTIC week!
Looking at the higher time frame for the DXY. We can see order flow bullish in the mean time. After tapping in to the weekly OB(demand) we have been rallying higher ever since. The past two weeks we have been noticing a retracement on the DXY. Now the question is why? If you look to the left we see the in OCT 2023 the DXY had a massive sell-off after tapping to...
This is what I'm seeing on the USD Index. USD is still bullish and has not shown any bearish signs. Knowing what to do with USDX pairs is important. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.
Expectations for the US Dollar Market from May to August 2024 May to Early July 2024: The US dollar is anticipated to remain strong, with the market reaching a high of 108.459 by July 1, 2024. First Three Days of July 2024: After peaking, the dollar is expected to decline, potentially dropping to 105.785 by July 25, 2024. Stay updated with our forecasts to...
I’ve got the DXY going up which if it goes up will effect my GU and EU buys however I do have Ucad and UJ buys.
Dxy did a range more than a year.Some pattern occured for midterm trade.If gold and silver rise additionaly Dxy rise is bad sign.These instruments most of the time negative correlated.Only war and blackswan -ish situations change this.2025 first half looks like dangerous.
It is expected that the current correction process will end in the specified resistance ranges and we will see the beginning of the correction process. If the index crosses the red resistance range, the start of an upward trend is likely
DXY is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
the price respecting the premium arrays and am expecting a strong dollar targeting last weeks high
16th May DXY: Retracing, needs to stay below 104.50. If support 103.990 broken, could trade down to 103.40 NZDUSD: Buy 0.6145 SL 20 TP 70 (Hesitation at 0.6180) AUDUSD: Sell 0.6710 SL 25 TP 50 USDJPY: Sell 153.55 SL 35 TP 75 GBPUSD: Sell 1.2655 SL 30 TP 80 (DXY recovery) EURUSD: Buy 1.09 SL 30 TP 70 (DXY weakness) Sell 1.0850 SL 30 TP 60 (DXY recovery)...
due to various uncertainties and market turmoil us economy is facing major challenges, today market is going to spectate 4 major FOMC members speech and market expects major volatility. with the us dollar fluctuations the market also faces challenges in volatility of usd pairs especially xauusd. dxy major support and resistance are given in the chart...
we can see price pushing up further than the last major primary high. Im expecting a possible liquidity sweep and then a reaction from a 1 hour demand zone. Eventually, if fundamentals continue, we could see a further push up into the large imbalance. ✅So a brief checklist: 1- Now reaching a major previous high 2- possible liquidity sweep 3- looking for price...
After breaking a key support at 105, we can expect a decline to 103.9 for the Dollar Index.
Triangle formation is now apparent for the dollar index (H1 Timeframe). A breakout to the upside might trigger an upward movement towards the 105. A breakout to the downside might trigger an downward movement towards the 104.4 or even at 104.10. Fundamentals: Possible high interest rate differential in the future that could cause the dollar to gain strength...