Dollar Index reached a solid horizontal support on Friday. The market nicely reacted to that, forming a bullish engulfing candle. I believe that the Index may go higher next week. Goal will be a falling trend line. b]❤️Please, support my work with like, thank you!❤️
I am expecting that the global use of the US dollar as a currency may decline further to 50% within the next 2 years.
TVC:DXY Smooth as butter these days with the Dollar Index. Don't trade against it when looking at your favorite pair. It just might give you that edge.
Dollar Index is trading in a minor bearish trend on a daily. The market is steadily falling within a falling parallel channel. The market is currently approaching a very important confluence point based on a resistance of the channel and a broken horizontal resistance. I believe that chances will be high to see a bearish move from the underlined zone to 101.0...
Despite the positive NFP, the #DXY is not able to break above the highlighted yellow zone (Ress) on the 4h TF. i do see 2 scenarios here and both are highlighted with the yellow and red arrows.
Hello guys, Everything is marked on the chart like always. We can consider it and entering safe in the Gold , Euro , Pound and etc. Good luck. If its useful please like it as a support and follow me to next analysis :)
Price action analysis on Dollar Index. Key levels. Bearish outlook explained. Trading recommendations given. ❤️Please, support this video with like and comment!❤️
Interesting level here, price finally got a break below 102, Job reports were lacking by close to a million jobs and factory orders are down to -0.7% when -0.4% was expected. On a macro sense, there appears to be a large amount of indecision in the market and it is reflected in the price movements. Fundamental news vastly supports the level of indecision that is...
DXY we have a market breakout above our resisting trendline creating a new high (HH) as the market is about to change structures but yet waiting for an impulsive at the retest of the market.
Dollar Index retraced from a solid horizontal support. The price is currently approaching a falling trend line. If ithe market breaks and closes above that on a 4H, it will initiate a correctional movement of the index. Goals will be 102.74 / 103.09 ❤️Please, support my work with like, thank you!❤️
I posted a lot of Short Position setups (EU, GU & AU) against the dollar because of this.. I always look at the DXY before anything. My reasoning is based on purely technical analysis and if this level holds, but as we all know, anything can happen in the market. Always gotta be careful. Confirmations are important
The price touched top line of big channel and came back to complete pullback on big triangle it was broken. The price had reaction when touched top line of triangle and break up and after that had correction. I think its time to bullish.
Here is my latest structure for Dollar Index. Resistance 1: 103.11 - 103.63 area Resistance 2: 104.74 - 105.1 area Resistance 3: 105.667 - 105.88 area Support 1: 100.82 - 100.88 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
US dollar make a bullish hammer pattern at Daily time frame In the bottom Of the chart and bbreak the Trend line At 1hr time frame with HH HH We can go long if we see strength in us dollar
Update for Dollar Index. The price broke and closed below a key daily support yesterday. This morning, the market retested that and now, we see a positive bearish reaction. Analyzing an intraday perspective, I spotted a falling parallel channel on 1H time frame. I believe that the index will keep falling within its boundaries. The closest strong support -...
On Thursday, the trading activity appeared to be subdued following the release of several favorable economic indicators. However, a slight uptick in weekly unemployment claims in the United States exceeding 200,000 for the first time since January prompted the short-term returns to plummet, resulting in concerns among investors. This has consequently led to...
If this weekly candle close bullish, SELL everything xxxUSD, trade with proper risk mgt, stay blessed, MARCH has just begun.
Hello guys, Everything is marked on the chart like always. The market has stuck in trading range because of confused by the conditions of the global economic crisis. For now I expect some correction then upward to resistance zone. We can consider it and entering safe in the Gold , Euro , Pound and etc. Good luck. If its useful please like it as a support and...