Hello, Traders! With the beginning of the new week, DXY shows some reversal signs. For the past 2 weeks, this index has found solid support above 93. On a local 4H Timeframe Support and Resistance zones are created, so we need to pay close attention when index is near those levels. If the breakout occurs, the FIRST target is 94.5 level. Good Luck!
I have a hard time being bullish on the Dollar in the coming years. Bullish for #Commodities
Hi friends the graph of this market shows with a very high probability a downtrend but at the same time you have to be vigilant of the change of the same market towards the opposite direction please subscribe to receive more analysis thank you
How low can you go? There seems to be more room for you. Why don't you take a break and then dive deeper if you really want to? For us, we can have a sip of water too to get ready for the next cardio... -_-
Hey, I am back with another Forex idea, this time looking at DXY, dollar index currency. I expect DXY to rebound from the are of 94.65 - to 95.00 at least to 96.30 - 96.50, this does not mean, that dollar will be in uptrend, just this week and the half or whole next week will dollar see a rise. So long USD, because it's really oversold at strong bounce...
Mobile here today sorry. Can’t do a detailed post. Dxy looks a great long here though on hourly divergence, fake break of the double bottom
Last week I got a lot of emails regarding buying Dollar. Guys, it is not time yet. We have a good setup in this market – commercials are long, the evaluation index shows the dollar is undervalued, but time matters a lot in this business. We have to get price action confirmation. I would like to see ‘wash-out low’ before a rally starts. Besides, we have a clear...
Good Day Everyone A look at the DOLLAR INDEX which is strongly bearish and is strading in an ARC structure respecting the structure at that looking for continuation to the downside to support level 95.69 then a reversal out of the ARC structure... lets see how it goes Good luck and happy trading...
s3.amazonaws.com Unless DXY breaks the previous resistance which it attempted to about 6 times, it is super bearish.
Observations..... Pull Back in downtrend..... Super Bull Power only above 99 (on closing / breakout) Else trade levels given in hte chart and enjoy... Happy Trading......... Only heavy weakness in equity markets can make dollar more lucrative...
Buy on Pullback confirmation, watch Breakout and Buy. ThankYou
Dollar Index daily analysis based on global combination of pitchforks and Fibonacci expansions. Uptrend Confirmed . ENTRY: 97.51 TP1: 99.23 TP2: 100.96 SL: 96.74
As you see on the my setup chart above, this pair DXY done with this power rebound trend... Watchout buyer..!
I'll watch the price action near the Mirror Level. If I'll see an accurate entry point there can be a good trade. I can share my entry point here only if you will like this post. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
😯 The almighty usd is at a critical point of Resistance as it compresses for a major move. The green triangle is your zone of compression. I analyzed this chart not too long ago and spoke about how this Resistance level would be a strong level. We continue to fight as the monthly and 2 month start to compress and shift red with the ema dots indicator below. Once...