– Thursday Daily candle closed weak Bearish forming Daily Resistance and rejecting Daily Resistance formed on 7th February around 2035s. I’ll be looking for potential Buys above 2031.100 targeting Daily Resistance at 2036.000 and 1h Resistance at 2042.600. I’ll be looking for potential Sells below 2021.100 targeting 4h Strong Support at 2016.900 and next 1h Strong...
🔴 #DXY Update 📉 The TVC:DXY stalls before retesting its lows and fails to breach the resistance zone, suggesting a potential drop back to or below the recent bottom.
– Wednesday Daily candle closed weak Bullish as price keeps on consolidating on the 4h timeframe. I’ll be looking for potential Buys above 2031.000 targeting Daily Resistance at 2036.000 and 1h Resistance around 2042.600. I’ll be looking for potential Sells below 2021.900 targeting 4h Strong Support around 2016.900 and 1h Strong Support around 2011.700. The...
Based on the Wyckoff method, DXY is in a distribution phase precisely the same as the Wyckoff method. It's expected to start the next leg to the downside soon targeting 95.00 and then 85.00 level in the coming months.
I've mapped out what appears to be an Elliott Wave pattern on the 15-minute chart for Gold Spot vs. U.S. Dollar (XAUUSD). This pattern suggests an impulsive move followed by a corrective phase. The impulsive phase is marked by the waves labeled (1) through (5), where waves (1), (3), and (5) are the motive waves moving in the direction of the overall trend, and...
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 103.800 zone, DXY is trading is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at the 103.800 support and resistance area. Trade safe, Joe.
– Tuesday Daily candle closed Bullish around 2024.500. I’ll be looking for potential Buys above 2030.500 targeting Daily Resistance around 2036.000 and 1h Resistance around 2042.600. I’ll be looking for potential Sells below 2022.500 targeting 4h Strong Support at 2016.900 and 1h Strong Support around 2011.700. The idea posted on the previous analysis for price to...
Hey Traders, In today's trading session, we're closely monitoring the US Dollar Index (DXY) for a potential buying opportunity around the 103.700 zone. DXY, a key measure of the dollar's strength against a basket of major currencies, has been exhibiting a clear uptrend in recent sessions. Currently, it's undergoing a correction phase, edging closer to the...
Daily/4h time frames analysis for EURUSD. Price action, important key levels. Trading plan explained. ❤️Please, support my work with like, thank you!❤️
Here is my latest structure analysis for DXY. Resistance 1: 104.85 - 105.03 area Resistance 2: 105.93 - 106.14 area Support 1: 103.61 - 104.02 area Support 2: 102.58 - 103.00 area Support 3: 101.90 - 102.16 area Support 4: 100.60 - 100.90 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
As you can see the price consolidating for a while and we should see what happens next. By looking at the chart, we can figure out the price created the sell-side liquidity that formed as equal lows that can be smart money targets. In that case, I don't want to see the price go higher than the key level (107.675). In addition, there is the hourly bearish FVG...
– Monday Daily candle closed small Bullish as price ranges on the 4h timeframe. I’ll be looking for potential Buys above 2022.400 targeting 1h Resistance at 2028.400 and 4h Resistance at 2034.400. I’ll be looking for potential Sells below 2013.100 targeting 1h previous Resistance at 2007.600 and recent 4h Support at 2001.300. There is still a good probability for...
Hello,Traders! DXY is trading along the Rising support line And the index will soon Retest is so after the Retest we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
– Previous Weekly candle closed weak Bearish with an almost 300 pip Rejection wick to the downside. Friday candle closed Bullish retesting the previous Weekly Support area formed at the end of January 2024. I’ll be looking for potential Buys above 2015.300 targeting previous 4h Support area formed around 2020.000 and recent 4h Resistance formed at 2026.800. I’ll...
Here are important key levels to watch on Dollar Index on a daily time frame next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
What does it do You see what could be a continuation inverse head and shoulders and the two targets. PLAN B hot alot of people wrecked last time, and he still adamant #BTC will hit $500K this cycle. The chart says otherwise and more likely we peak above the high meet the linear target & double top (at least for now ) what say you?
In this chart, I have been analyzing the price of gold in U.S. dollars on a 30-minute time frame. The price has been moving within a descending channel, which is marked by two parallel black lines sloping downwards. This channel has been containing the price movement, creating lower highs and lower lows, which is a typical downtrend pattern. However, recently,...