🔴 #DXY Update 📉 The TVC:DXY stalls before retesting its lows and fails to breach the resistance zone, suggesting a potential drop back to or below the recent bottom.
The DX price is right in a resistance zone as noted with the rectangle and also with the two price tops circled in black. We also have a spiking weekly candle. To increase the odds, it would be good for DX to close down below 103.80 tomorrow, Friday, February 9, 2024. The current price is 104.01. Another confirmation of lower DX prices would be a close below the...
Based on the Wyckoff method, DXY is in a distribution phase precisely the same as the Wyckoff method. It's expected to start the next leg to the downside soon targeting 95.00 and then 85.00 level in the coming months.
As you can see the price consolidating for a while and we should see what happens next. By looking at the chart, we can figure out the price created the sell-side liquidity that formed as equal lows that can be smart money targets. In that case, I don't want to see the price go higher than the key level (107.675). In addition, there is the hourly bearish FVG...
Here are important key levels to watch on Dollar Index on a daily time frame next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Following today’s US data releases, the dollar index has now reached the top of a key support area between 104.00 to 104.27. This area converges with the high from December and point of origin of this week's breakout. The DXY will need to stay above this pivotal area to maintain its bullish bias. Failure to do so would be a bearish outlook, particular when you...
The SP has had a nice bull run the past 5 weeks. Now is hitting an important psychological and technical resistance at 500. It might try to break it on the upcoming days but I think it's going to pull back hard soon. I'm already taking profits I have cash sitting there until new opportunities come. I still have some long positions but I'm mostly in cash. Also I'm...
TVC:DXY I have set my goal on the chart. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Hi Traders! There is a bull flag pattern developed on the DXY 4H chart. Here are the details: The price action looks bullish, and the market looks like it is about to complete the consolidation phase in the flag's channel as the flag pattern is in its late stages. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains...
Outlook for DXY on 4h chart. There have been no changes since the last update. we are in wave Y of a Double Zigzag WXY pattern. If the assumption of this scenario is correct, wave Y will be completed soon. At the same time wave Y completes, Upper-degree wave ⅱ will complete. next phase is upper-degree wave ⅲ. it will resume its downtrend. Last time my...
Multiple time frame analysis for Dollar Index. Price action & important key levels. Trading plan & potential scenarios. ❤️Please, support this video with like and comment!❤️
Looks like we are looking at some downside on the broader market in the coming days if this pattern were to play out in the dollar index. Bullish for the dollar and bearish for equity
Hello friends, I hope you are doing well You can see the gold chart in the 1-hour time frame. In the analysis on Friday, it did not go according to my opinion and the related news caused fluctuations in gold, and as a result, selling pressure on gold increased. The drawn resistance level prevented the price from moving upwards and from this level we saw the gold...
I see a very big correction coming to dollar in the next month; maybe it will then reverse to continue its way to my target (see my previous analysis in 'related ideas')
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...
Outlook for DXY on 1D chart. I think the sub-waves of waveⅱ will likely form a Double Zigzag WXY pattern. If this scenario is correct, we are in the sub-wave Y of waveⅱ. Waveⅱ may retrace to the Fibo level of 61.8 to 78.6% of wave ⅰ, shown by the red area. After that, it will resume its downtrend. Last time my idea. ■Jan 28, 2024. Short-term analysis.
is due for a reversal after a health run-up. the 13th of February 2024 is the probable date for a reversal.
Hello friends, I hope you are doing well. We have a 4-hour time frame on the radar chart. After its upward trend, it was in a neutral trend for a few days. This range and the support area that had prevented the price from falling many times have broken down. Currently, by hitting the 4-hour demand area, it has moved upwards again, but because the general view is...