Pair : DXY Index Description : Impulse Correction RSI - Divergence Symmetrical Triangle Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
The dollar index moved in a triangle pattern. Last week, the market tested his upper trendline. If the market tests the upper trendline then it is 106.500 level. Another thing is there is a resistance and supply area at 107.00 level. if the market does not respect the upper trendline then further move to 107.00 level and then reject.
US Dollar loses ground on the back of lower Treasury yields The US Dollar Index (DXY) is currently trading at 104.12, remaining rather neutral. Markets stand largely quiet as the week's highlight is the release of March’s US Consumer Price Index (CPI) figures on Wednesday. In the meantime, declining US Treasury yields seem to be weakening the US Dollar, and minor...
🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders ...
**Weekly Chart** As Expected in our previous analysis DXY coiled near MC Candle of 14th Feb 2024. Note: Please refer to our last week analysis. **Daily Chart** Last week DXY moved higher only to break the high of the previous MC, balance the IPA (FVG) candle of Nov 2023, and tricked retail traders by moving slightly higher before started dropping and...
USD Index (DXY) Caught Between a Rock and a Hard Place. Catalyst May be Needed for a Breakout. The US Dollar Index (DXY) has struggled to maintain the upside momentum it gained over the last 2 days. This could in part be down to the Thanksgiving Holiday and we could get a continuation of the recent bounce heading into next week. The US Dollar has struggled on...
DXY - Weekly For me, this chart is bullish, HL's and HH + symetric triangle breakout
Update on DXY's Movement: The DXY has hit our projected targets in DXY Rebound Alert: Prepare for the 104-105 Swing and completed its last wave in a WXY pattern, with a truncated Y wave. Following this, we've observed a downward trend, with the DXY breaking through the main price channel. We anticipate a decline from the current area to the Fibonacci levels...
DXY - 4h - NEW UPDATE Nothing bearish for now on 4h. Testing resistance zone now.
Although the US dollar index will temporarily come under pressure at the central axis of 104.2 today, this central axis cannot be suppressed. There is a high probability that it will break upward and test the pressure position of 104.5-105; keep the slow bull trend moving upward! Therefore, yesterday’s transaction was also a huge profit! Those who were long in...
As Gold looks to snap its recent run of losses this week the US Dollar has remained supported on fears that the US Federal Reserve will need to keep rates higher for longer. This comes as US data with the exception of the PMIs this week remains strong. Strong labor data and US Durable Goods numbers yesterday further strengthening the idea of higher rates while...
3W. 1.086 Within 2Q. 1.11 2Y. 1.2 Time and Price. I don't make the rules.
✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support...
"The DXY seems to be retracing from 100.615 to take liquidity at 104.565, and we've observed significant price reactions in the area since Monday, November 13, 23. This suggests that the DXY is currently showing efficiency and may be inclined to move lower towards 99.559. However, reaching 99.559 might face resistance due to a "shield area," which could...
I often talk about the power of looking over our trades for those highs and lows over time, not because we can not trade but because we can be dynamic. Well to put it simply, I am bullish on DXY this year but price failed to break above 105.00 and 104.000 respectively.. Price seem to be unfolding to bring about something beautiful on the chart, this might just...
as you can see dxy could possibly see one of its worse days. the first trigger for shirt has been passed and it wont stop that easily until 50. most likely it would stop there or become sideways but if it can break that support, it can go till my last tp :). but i think its less likely.
Given the time of the year, DXY is likely to keep a small range until FEb. Possible 104.5 - 105.0 by December END. Then Sells to begin the year toward 102 - 101.50 Not financial advice. These are my opinions.