GBPUSD H4 - If this 1.23500 price holds as support, we could see the next bullish leg here on cable, and hopefully that bearish break on the dollar index, not a great deal in terms of data today, so lets see what unfolds. ***USD a little reluctant and the lack of fresh highs is a little concerning. But there is still time
Alright my fellow traders and tradettes! This is my first market prediction (really more of an analysis) on what I potentially see coming from DXY. Now as we can see it has broken below my channel so that indicates 2 things to me: 1. Selling pressure = bad economy, bad fundamental news, etc. or 2. Selling off to buy wayyyyy up! Reason why? Well where price is...
dollar has reached the major support level in the weekly timeframe.. 102 is where currently the price is consolidating... the price is oversold in most indicators therefore chances are the price can sky rocket at any time... the next support it could fall is 100.00... if price stays bullish the price can reach all time high around 119...
With the rising higher highs and higher lows in the close time period, I find this more appropriate to call a channel than a wedge. To call it a wedge, we should ignore this structure and in my opinion it is better to focus on the channel idea.But who knows what happens in the future :) this is my own idea, not a financial advice. Wish you all a great day!
DXY H4 - Big dump on the dollar seen yesterday during the overlap session, big data points causing the dollar to fall off, in line with softer inflation figures, PPI figures and retail figures, yet again. Certainly going to be an interesting one at the next FOMC Press conference. Hoping to grab some more ***USD longs this week.
Expecting some continuation of bearish momentum with some bullish pullback retrace to fill liquidity void & draw on internal liquidity before upcoming FOMC Meeting ahead on Jan 31 - Feb 1
Hellow dear fellows , This is Trade setup which i will be looking for to execute accordingly , i might Open some position just before London open or after London open , Best of Luck !
DX1💥4H-TIMEFRAME ANALYSIS 💗Hello ladies and gentlemen This is my new idea for 💥DOLLAR INDEX I hope my idea is clear Support me by like and share thank you Stay Safe💯💲💲💲 Good luck💰😍
In this update we review the recent price action in the DXY and identify the next high probability trading opportunities and price objectives to target
On a yesterday's live stream, we discussed Dollar Index. The market reached a major rising trend line on a daily. Approaching that, the price formed an inverted head & shoulders pattern on 4H. Its neckline is broken now. A correctional movement is expected to 102.95 / 103.33 ❤️If you have any questions, please, ask me in the comment section. Please, support...
The main view of this trade idea is on the Daily Chart. The Dollar Index (DXY) made a historical high of 114.78 on 28th September 2022. The Index then attempted to retest those highs and failed and then broke below trend solidly on 4th November 2022. DXY then proceeded to channel lower and at the time of writing, is now 10.93% lower from the September 2022 high....
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.
The US dollar hit a support zone. I'm waiting for you to rise!
Dollar Index looks oversold to me: the market was contracting within the boundaries of a falling wedge pattern - a classic reversal pattern. Its resistance was broken today. I expect a correctional movement to 102.86 resistance now. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Since currently the DXY is dictating the direction of the markets, I think that it is appropriate to make an analysis to see what could we expect in the coming months. In this way, I present these possible two scenarios, and remember that markets (including crypto) respond in opposite direction to the DXY, i.e if DXY goes up, the markets and crypto will go down...
Investing.com - The U.S. dollar traded largely unchanged in limited European trade Wednesday, but posted gains against the Japanese yen after latest minutes from the Bank of Japan suggested its accommodative monetary stance is likely to remain in place. At 02:35 ET (07:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies,...
next level for me is 1.0900 / 1.09500 upside is limited, expecting to see a roll over soon. But not yet
The United States Dollar Index broke out of the short term support region and fell to 101.785 region as per what we have analyzed in the previous week. We can see that momentum is extended from the initial reversal from the 105.575 resistance region all the way to 102.77 where the Dollar then trading in a lower time frame consolidation. Price fail to push higher...