Currently Dollar is expected to grow for 2 consecutive weeks up to the level of 107 followed by a cooldown period and classic correction ending in the last week of October 2023 at level 100-101. Starting from November 2023 Dollar seems to be having a powerful boost rising for 5 months up to 113 in mid March 2024. Something is going to happen in November, isn't it?
Hey Traders, in today’s trading session we are monitoring DXY for a buying opportunity around 104.800 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.800 support and resistance area. Trade safe, Joe.
– Previous Weekly candle closed weak Bullish around 1923.800 forming weak Weekly Support around 1919.200, Friday Daily candle closed strong Bullish around 1923.900 above recent Daily Resistance formed on 12th September 2023. – Buys on close above 1928.800 targeting 4h Resistance formed around 1934.000, Leaving Runners to the next 4h strong Resistance formed around...
Hey Traders, in tomorrow’s trading session we are monitoring XAUUSD for a selling opportunity around 1945 zone, Gold is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1945 support and resistance area. Trade safe, Joe.
The global economy is facing a number of challenges, including rising inflation, slowing growth, and geopolitical tensions. These challenges have led some economists to warn of a potential stagflation environment, characterized by high inflation and low economic growth. Overall, the dollar had a few battles with other intermarket factors that tried to halt its...
Here is my latest structure analysis for EURUSD Horizontal Key Levels Support 1: 1.0630 - 1.0645 area Resistance 1: 1.0756 - 1.0775 area Resistance 2: 1.0923 - 1.0946 area Vertical Key Levels Vertical Support 1: Support of a falling channel Vertical Resistance 1: Resistance of a falling channel Consider these structures for pullback/breakout trading. ...
Hello, Welcome to this analysis about the US-Dollar Currency Index, we are looking at the 4-hour timeframe perspectives. As I detected recently the index is forming an important formation that has a high possibility to be the origin of a bearish reversal to the downside that should not be underestimated. As when looking at my chart now we can watch there that...
Hello,Traders! EUR-USD has retested the Horizontal support level of 1.0639 From where we are already seeing a Bullish reaction so I think we will See a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dollar Index was nicely rejected from a broken horizontal resistance. Taking into consideration, that the market is trading in a bullish trend, probabilities will be high that we will see a bullish trend continuation next week. Next goal - 105.28 ❤️Please, support my work with like, thank you!❤️
USDCAD reached a solid horizontal support this week. The price formed a double bottom pattern on that on a 4h time frame, bounced and violated a resistance line of a falling wedge pattern. Probabilities will be high that the pair will bounce next week. Goals: 1.355 / 1.358 ❤️Please, support my work with like, thank you!❤️
This is an idea showing the possible downtrend until year end for the Dollar index DXY.
Sp500 waiting for the DXY to head down, maybe the CPI tomorrow will be positive, marking the start of the reversal
Traders, Are we going up? Or are we going down? Sigh. This market is exhausting, I know. And once again we are on the brink of decision time for the U.S. market. The dollar is knocking on the door of overhead resistance, if it breaks then we can expect downward movement both in the U.S. stock market and in crypto. But if resistance holds firm, expect weakness in...
ISR @ 2030.34 RESISTANCE @ 1970 TP1 @ 1860 TP2 @ 1760 (near major support) TP3 @ 1690 (aggressive) TP4 @ 1580 (aggressive) SUPPORT @ 1553.75 IBR @ 1490 FUNDAMENTAL ANALYSIS: It is important to keep in mind the current state of the US dollar. With its value decreasing, it is crucial to manage our short positions accordingly. We must be vigilant and keep a close...
Hey Traders, in today’s trading session we are monitoring DXY for a buying opportunity around 104.500 zone, DXY is trading in uptrend and currently is in a correction phase in which it is approaching the trend at 104.500 support and resistance area. Trade safe, Joe.
Dollar Index broke and closed above a key daily resistance. Such a violation will most likely trigger a further growth, because the market is trading in a bullish trend. I believe that the market will reach 105.3 level soon. ❤️Please, support my work with like, thank you!❤️
DXY aka dollar index price instead of forming expanding flat pattern, probably is forming a running flat pattern where price will be kept below 105.883 for time being.
SLO @ 1.1210 ⏳ TP5 @ 1.1190 TP4 @ 1.1125 TP3 @ 1.1015 TP2 @ 1.0950 TP1 @ 1.0850 BSO @ 1.0715 BLO @ 01.0690 📈 After a +500 pips profit towards the downside, PA should be ready to rock towards the upside again. Let's get this money. R:R @ 1:1 👉🏾 For more info, check out the Big Picture Analysis on my LIVE STREAM www.tradingview.com