For the short term is a bow tie diametric and it is the best scenario. So it will after that it is a little more correction.i will update it later
DXY has recently initiated a bullish breakout, departing from the previously formed bearish channel. Following a robust reversal subsequent to the confirmation of bullish signals, the price is exhibiting continued strength. There is a prospect of further upside momentum, with the next targeted objective being the attainment of new swing highs.
I think cash will be king again soon! It broke a downtrend from 1985 and 2002. It has backtested all lit needs to, could get down to 102.8 on the very short term (4hr chart) but after that it should fly. I think this will take everything down, equities, crypto and metals. Pretty sure you're only going to want to hold cash and shorts. Good luck out there...
Price action analysis for Dollar Index. Trend analysis & directional bias. Candlestick analysis. Potential scenarios. Trading plan. ❤️Please, support this video with like and comment!❤️
DXY Downtrend The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc). The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it. I genuinely...
End of correction DXY... what do u think about dollar index?
As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill...
TVC:DXY is trading within a long term support range and unless it breaks below and closes under 100 on a closing basis, equities and commodities would be at risk. Looking at the structure, the fall from top in DXY looks corrective in nature hence chances are it would rise from this support rather than falling below support. If DXY keeps moving up from here then...
Hello friends, I hope you are doing well. We have the gold chart in 1 hour.Currently, gold is fluctuating in a trending range area and we have the top and bottom of the trending range to enter trading positions. CPI data will be released today, if we have data that is in favor of gold, that is, the US inflation has decreased, this means that it will harm the...
As you can see price has not broken out of this range on DXY. We have taken out equal highs, which means I am favoring lower prices if we can see a strong close below sell side. Otherwise if price does not break below I anticipate it staying in this range until next week. Trade safe traders!!
Hello Traders As we continue trading in the range, a trading opportunity has presented itself. After the Buy side liquidity has been taken out and a break in the market structure created, let us look to sell at the Fair Value Gap. Trade responsibility. Share your sentiments
There is potential for a Bearish Gartley pattern. DXY Up, BTC Down. ..................................................................................................................... We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to...
Dollar has shown a great volatility in terms of sharp and strong movements in the last few years, this instrument defiantly have a lot to prove to us before we change our long term view from Bearish to Bullish. Primary Count : Tracking the move from Jul 23 as an incomplete correction, missing one more leg higher towards the 108.28-110.36 area before the next...
Our focus pivots to the US Dollar Index (DXY), where we are actively evaluating a potential selling opportunity around the 105.900 zone.
HELLO TRADERS As i can see DXY has done a retrace after a drop and now its a new entry for more sells as we had predicted in our previous analsysis incoming Friday NFP.... its just an trade idea share ur thoughts with us it will help all of us traders community
In the dollar we can see that it has to continue its downward trend at least until it reaches areas between 99,700 and 98,490 minimum to end with the 5 of the Elliot wave since it has not reached 100% of the fibonachi extension of the last reverse wave. It is making a brief correction before going down again to break SL's and go down again as we observe a strong...
Greetings Traders, Our focus pivots to the US Dollar Index (DXY), where we are actively evaluating a potential selling opportunity around the 102.900 zone. As DXY charts its course within a downtrend, the ongoing correction phase places it in proximity to the trend at the critical 102.900 resistance area. This comprehensive analysis delves into the fundamental...
Its time for a Dollar Story ! (previous lin echart idea 100-105 Range; before & after to the current spot) The Dollar Index ( TVC:DXY ) has managed to print 11 Consecutive Green Weekly Candlesticks, rallying up as much as 8 % from its July/2023 99.580 Low. A low violating all Technical aspects, which got us into a Short Idea but not for long before changing...