Dólar is going to keep risig for the next few months. I Guess untill end of May, brginning of June, surpassing the pprevious hight of 2023, but bellow the high of 2022. I dont ecpect to see GOLD to rise as it did in previous weeks with the dollar. I exepect the opposte: A correction of 8 weeks os so in gold back to 2100 -2150.
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
In my opinion, the correction of the dollar has been completed and this index has started moving to break the level of 121 by completing the money back with the local support of the rand number 100, and this is a warning for other markets. "Beta version whale"
In our last analysis, the DXY TVC:DXY moved as we had anticipated. Right now the bullish scenario is dominant, but DXY is overbought and hit a resistance. So there is a chance that price make some retracement. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team...
Hello Traders ! Yesterday, The Dollar Index Broke The Resistance Level (104.976 - 104.810). This Resistance Level Becomes a New Support Level ! So, I Expect a Bullish Move 📈. ---------- TARGET: 105.770🎯 Previous Analysis:
As of daily chart, DXY is showing bullish momentum and next resistance will be around 107.
After a breakout of a key daily structure resistance yesterday, Dollar Index is consolidating within a horizontal range on an hourly time frame. For those, who are looking for an intraday signal to buy, a bullish violation of the resistance of the range - an hourly candle close above 105.32, will give a strong bullish confirmation. A bullish continuation will...
DAILY Just watch, the current sideways movement has me in a daze, previous similar price dropped and melted. 4H Let it move more before any judgements. Rejection of price from 18200 and candles direct us to look for sells. 1H 17900, our target price. Just waiting for entry prerequisites. 15Min The impulsive bear candle just gave us the first confirmation wait...
In this video, I'll conduct a comprehensive analysis of GBPUSD , examining it from a High Timeframe (HTF) perspective down to our Low Timeframes (LTF) . This approach will provide insights into what to expect in trading for the upcoming week. Additionally, I'll delve into an analysis of the DXY to further enhance our understanding of market dynamics. Stay...
🏃♂️ DXY index is moving near 🔴 Heavy Resistance zone($105.88-$104.65) 🔴. 📈In terms of Classical Technical Analysis , the DXY index has succeeded in forming an Ascending Broadening Wedge Pattern and is currently completing the right shoulder of the Head and Shoulders Pattern . 💡Also, the Regular Divergence (RD-) between the right and left shoulders ...
The weekly real yield is in uptrend, which should act as support for the USDOLLAR and as a headwind for the risk markets. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC, (collectively “FXCM Group”). Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high...
In our last analysis, we had anticipated a minor correction in DXY but the correction has exceeded our expectations. Right now, because of selling pressure in DXY, the momentum has gone weak. Plus, the market is waiting for NFP/Unemployment news. So we are expecting a correction in DXY to the 103.7 zone before going up. Our technical view has been shown in the...
- huge bullish divergences - golden cross (weekly MA) - double bottom (daily TF)
✅The DXY index has succeeded in breaking the 🔴 Resistance zone($104.27-$103.80) 🔴. 📈From the point of view of Classical Technical Analysis , DXY seems to have succeeded in forming an Ascending Broadening Wedge Pattern . Of course, we must wait for the reaction to the upper line of this pattern . 🔔I expect the DXY index to rise to at least 🟡 Potential...
As We Talked in The Previous Analysis: The US Dollar Index Reached a Support Level. The Resistance Line is Broken! Currently, The Market Broke The Resistance Level, This Key Level Becomes a New Support Level. So I Expect a Bullish Move 📈 TARGET: 104.810🎯
Hey Traders, in today's trading session we are monitoring DXY For a buying opportunity around 104.400 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.400 support and resistance area. Trade safe, Joe.
Based off fundamentals and apparent momentum in the market, my bias remains as bearish for the EurUsd currency pair. The Monthly candle has reteaced nearly all of it's gains as we come to a close in 2 days. The the top wick signals rejection from the high of the Monthly resistance to me (1.103). This coincided with Jobs data and Increasing inflation data and the...
Enough to Stop the Risk-Off Sentiment? Daily Level 1.0805 may act as a temporary support level and we may observe a bounce and retracement early in the week here. During the first session of the week, Asian has observed some nice volatility off this Daily support level created on March 1st of this Month. 18 pips bounce already and I anticpate that by the end of...