Introduction: In recent times, the US dollar has faced increasing challenges as both Japan and China take measures to defend their respective currencies. This shift in global dynamics has raised concerns among traders and investors who heavily rely on the US dollar as their primary asset. However, this situation also presents an opportunity for us to reassess our...
Multiple time frame analysis for DXY. Price action & important key levels. Directional bias & thoughts. ❤️Please, support my work with like, thank you!❤️
Hey traders, here is the analysis for the DXY. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
We have more clues on the Weekly timeframe. Most recently, price broke out of a descending trendline and immediately rebalanced into a small Weekly Bisi (annotated by red arrow), which is usually indicative of rapid continuations to follow. As a prediction, I see price digging into the Monthly Sibi and the nested Weekly Breaker Block and possibly Weekly...
Monday, September 10, 2023 In the weekly chart of the US #Dollar Index, the market structure appears #bullish. Recently, the market found support around the 104 level, and the Dollar #Index has reached the 38.2% Fibonacci retracement level as part of a corrective move. In this week's trading, if the current #uptrend continues, and the 38.2% resistance level at...
The Dollar Index has displaced to the upside on the Monthly timeframe. Prior, it dipped into a Monthly Sibi for multiple months before one final stab and bounce. Current targets are the NMOG and digging into the Monthly Sibi. As a result we should see lower prices XXXUSD pairs in the coming. Seasonally, mid-October sees an incline on the DXY.
At the beginning of the year I already showed my idea about the upside potential of the US dollar (see chart below), and today I can only confirm what I said earlier. If from a technical point of view, my idea continues to be bearish on stocks markets, these considerations of mine could also have a logical sense and the scenario shown on chart could really...
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 closed this week approaching a key daily resistance. Because bulls are currently dominating the market, we may anticipate the breakout attempt of the underlined Resistance 1. If the market breaks and closes above 105.15, a further bullish continuation will be expected. Next resistance will be 105.65 ❤️Please, support my work with like, thank you!❤️
The US DOLLAR INDEX is approaching its ideal counter-swing ideal target where we anticipated that profit taking and fresh selling interests will drive the index lower.
Hi Traders! DXY has finally broken its 3-month resistance at 104.240 and looks like it may possibly complete the reversal as it is heading for the 6-month resistance level. 104.240 was the level that needed to be broken to continue the bullish momentum; 104.240 is now support, and the price action is looking very strong with higher lows and higher highs. The...
DXY H4 A little more on the calendar today but not masses. We have seen DXY unfold perfectly so far this week, exactly as expected and the dollar is moving in line with recent headlines and fundamentals discussed over the last couple of weeks finally. Lets see if we can pullback to this 104.300 price as indicated with the arrow tool. This could be a great...
Get ready to witness an exhilarating opportunity in the world of currency trading! The global economic landscape is undergoing a seismic shift as major currencies face mounting inflationary pressures. Amidst this chaos, the mighty US dollar emerges as the frontrunner, poised to dominate the market. Brace yourselves for an exciting ride as we delve into the reasons...
USD Index (DXY) Technical Analysis. Timeframe: Weekly. Here is the next most possible moves,.
Whenever the price breaks the downward trend line , there is a strong possibility for wheat to rise to the 650$
Gold hit my first target 1945$. Now we are waiting until gold finishes it's correction to 1920$ support zone, then rise again to the 1950 then 1970$.
#DXY Positive divergence in the 6-day time frame, everything indicates an increase.
DXY is back ay the resistance (Supply zone) which has held severally in the past and it has formed double top. There are two possible thing that could probably happen this week. It's either the price continue to drop or the price would reverse and break the resistance and What's your thought on this?