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.
As stated in my previous analysis of DXY, it has finally broken out of the channel, along with the 103.500 resistance and the 55-day moving average. It is now anticipated to move towards 105.700. ------------------------------------------------------------------------- Let me know your thoughts in the comments, and show your support by liking the idea. Please...
What you see here is a larger time frame analysis of the overall price action of DXY(dollar). Price has moved away from previous major resistance and is now showing bullish price action and is now showing resistance at a price area that previously caused a strong sell of (supply). Price will consolidate here before choosing a direction which I believe will be to...
DXY/ Dollar Index crossed above its 1day MA50 for the first time since Nov 4th 2022. The fall since the top has been so far -12%. Similar fall (-11%) and price structure was seen during the 2020 decline. After the price crossed over the 1day MA50 it got rejected on the 1day MA100 and started a new decline ot the 1.236 Fibonacci extension. Trading Plan: 1. Sell...
Hey traders, Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Dollar Index (DXY) daily time frame 💵 The market is consolidating within a narrow horizontal trading range. Taking into consideration, that the index is very bullish from the beginning of February, I believe that a bullish rally will continue. Wait for a bullish...
DXY - Flag Setup...We have a Bullish Continuation Pattern on DXY suggesting upcoming strengths on USD related pairs.
After given breakout from the parallel bearish channel, DXY has found it self in heavy waters as it struggles to close above MA50 and subsequent horizontal resistance line. It is likely that DXY will retest lower support lines as hidden bearish divergence is also evident.
Hey traders, here is the analysis for the USD. If you guys like my analysis please hit like👍 and follow. Thanks. DISCLAIMER:- This is not financial advice.
DOLLAR INDEX Trend Shift to the upside found support at the 102 handle
We have a flag setup forming on Dollar Index to complete the structure on the higher timeframe which will most likely be a 3 wave (ZigZag) formation suggesting strength on the DXY then later weakness.
The recent performance of the Dollar Index suggests a potential upward trend, as it has closed multiple daily candles above the yearly trend line. However, for this to be confirmed as a buy signal, it is necessary for the index to clear the resistance at 103.500, the 50-day Simple Moving Average, and close above the upper boundary of the descending channel. If...
Hello guys, This is an update of previous analysis (blow link). Everything is marked on the chart like always. The market has moved as we expected and now under the resistance but has the potential to break the resistance. If and only If breakout and retest the resistance you can entering safe in the Gold , Euro , Pound and etc. So I'm waiting for the breakout...
Just a wide overlook to the $ index daily chart What do think guys ?! Note: Not a trade idea!! TVC:DXY
Interest Rate rising GEO political upheavel continues
I see reasons for the dollar to continue to appreciate. looking for buy off the breaker.
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 102.6 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
D1 - Price respected a strong support zone and is bouncing higher. Bullish divergence. H4 - Bullish divergence. Higher highs. Downtrend line breakout. Until the strong support zone holds I expect the price to move higher further after pullbacks.
In this update we review the recent price action in the Dollar Index and identify the next high probability trading opportunity and price objectives to target