The U.S. Dollar Index is trading inside a Channel Up pattern for more than 2 months. The price is approaching an inner Rising Resistance, similar to late August, a quick breah of which caused the Higher High peak on Fibonacci 1.618. Trading Plan: 1. Sell on the Rising Resistance. Targets: 1. 105.350 (bottom of Channel Up, Fib 1.0, -1.44% from a potential...
✅DXY is going up currently And the pair broke the key structure level of 105.674 Which is now a support, and after the pullback And the retest, I think the price will go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Past couple of weeks we've the DXY continually rebalancing immediately and pushing higher. Last week's high stopped right in its tracks at the Mean Threshold of a NMOG. Random, right? Other than that, nothing of too much in interest in terms of a swing trade POI. However, I will still be expecting price to push higher. (See previous analysis on the DXY).
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
It's no secret that Bitcoin has been the talk of the town, captivating the attention of traders worldwide. However, amid this crypto frenzy, we cannot overlook the immense potential that lies within the US dollar. As the DXY continues its upward trajectory, it's time to consider a pause on BTC and explore the possibilities of longing for DXY. Why should you...
FOMC Today, Let's see if we Penetrate through that Buyside. Would like that Buyside to be tagged
Hello Traders, The dollar has been bullish for weeks now, going after multiple buy-side liquidity. Currently, it is close to a monthly buy-side liquidity (previous high). If this level should hold, we should see price go after the weekly sell-side liquidity (previous weekly low) which you would see on the weekly chart. If you look left, you will notice how price...
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...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
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.
TVC:DXY is currently trading in a consolidation pattern and is located in the premium end of the trading range between 104.447 and 103.013. The August 30 candle swept the short term daily sellside liquidity at 103.013 into the Weekly BISI fair value gap which was nearly totally rebalanced. Upon leaving the Weekly FVG range, it was repriced to the premium end of...
EUR\USD has a Daily Volume Inefficiency right below this weeks closing price. I expect that, with the current momentum and the draw that this particular inefficiency is having on price for it to tap into this area and quickly spring up. This area of Volume Inefficiency is a visible Gap on the Daily chart Friday March 17-March 23rd this is also a Weekly opening gap...
Today holds significant importance as we await the release of US inflation data. Projections indicate a rate of 3.6%, surpassing the previous reading of 3.2%. This surge in expectations has propelled the US dollar's recent strength, driven by speculations that the Federal Reserve (FED) may consider implementing further interest rate hikes in the upcoming meetings....
I just checked in d1 timeframe and it seems that DXY is about to finish correction A Elliot’s wave, but also I added the supply zone in this chart which is related with my latest DXY analysis.
Following tomorrow's news ,the inflation index, we will see the drop in the dollar index chart.
hi guys dollar index is so hot i want sell on dxy my structure by ssm and smc look a rest for pull back on dxy
Hello Traders, The dollar has been rallying for days and weeks and we are slowly approaching a potential turning point. Price has already cleared two weekly buy-side liquidity (previous high) on its way up and is approaching the third. Although I am speculating and willing to go short, the market structure doesn't confirm to me bearish sentiment. I have...