The U.S. Dollar Index (DXY) has been somewhat consolidating lately in the past 2 weeks. Last time we warned that upon a pending Death Cross on the 1D time-frame, more pain would come: It appears that we caught the exact high before a new round of selling on the USD. To maintain a broad perspective, it is useful now to look at the last two times it formed a 1D...
Interesting bullish pattern presented on the Vix which is being followed by the RSI and an interesting bullish hammer in the DX1!
DXY is trading much lower than the 1W MA50 and is unphazed by the 1W technicals that are quickly approaching an oversold state (RSI = 35.543, MACD = -0.830, ADX = 32.507). With the pattern that has been confirmed as a Head and Shoulders since the September peak, it is possible to see a straight continuation of the downtrend to at least the 1W MA200. Since mid...
Many posting similar views. USD/DXY rally or failure of support dating back to Sept 2017 will determine direction here.
Upside bearish for Metals, Equities, Crypto, etc. Downside keeps the current rally alive.
The DXY is on a bearish day, making a 7month Low, after the U.S. CPI report matched the 6.5% forecast. With 1D technicals deep in red (RSI = 35.059, MACD = -0.730, ADX = 22.946), the 1D Death Cross last week (January 5th) and the Bearish Cross on the MACD, keep the trend bearish within the 2month Channel Down, targeting 101.260 (May 30th Low) However, with the...
The U.S. Dollar Index (DXY) is about to form a Death Cross pattern on the 1D time-frame for the first time in 2.5 years (since July 03 2020). This is technically a very bearish formation (when the 1D MA50 (blue trend-line) crosses below the 1D MA200 (orange trend-line)) and should continue the long-term bearish trend, a long-term move we caught at the very top as...
DXY - What's next! $DXY - We are within the ranges of lows: 103 1/2 areas highs: 105 3/4 areas A break above or break below. Trade Journal
good evenin', wasn't too long ago when i called the top on the dxy. all the dxy bull bro's were like, no way man its going to go up forever. >okkk boomer, 😏 --- so here's my take on what comes next. theorizing a bit into the future here- idea goes like: we correct down in 3 waves, then put in an equal sized leg to the upside into the 120~130 region in ...
Hello guys I guess Dollar index Coming back to make a new Highs My analysis at one day time frame so be carefully guys good look to all This not finical advice it just for entertainment
It is no big secret that the U.S. Dollar Index (DXY) is on a strong bearish reversal. It is something we've been warning the community about since September when we caught the exact top on the Channel and called for a massive reversal: What however appears to have confirmed the bearish extension is the fact that the DXY broke and closed below its 1D MA200...
dx1!, dxy, us dolla - is nearing a top. do with this information what you will, but thought i'd let you know just in case you were wondering. --- it is possible this fifth wave sees an expansion, and if it does, the situation in the global markets can substantially worsen. >let's not go there unless we need to. ✌
Yes it is a catchy title but isn't far off from what is happening on the U.S. Dollar Index (DXY) since October. This weekly chart shows the strong rejection on the late September Top, which was formed neatly on the Rising Resistance (Higher Highs line) that has been in effect since the November 2008 High. That High along with the March 2015 formed similar...
The U.S. Dollar Index (DXY) eventually made the bearish break-out we expected as it broke below the Bullish Megaphone pattern that it has been trading in since January 2022: As you see, the break below the 1D MA100 (green trend-line), which was almost on the bottom (Higher Lows trend-line) of the Bullish Megaphone, was supporting this bullish pattern since...
The US Dollar Index settles at its 50 day SMA keeping its bullish momentum in play. If this gains strength, the broad markets are in for another sell off.
The U.S. Dollar Index (DXY) has been pulling back since the September 28 High. Technically it has been trading within a long-term Bullish Megaphone pattern since the start of the year. Today the price hit the 1D MA50 (blue trend-line) for the first time since August 15. With the 1D RSI approaching the 41.00 Support, which has formed 3 out of the 4 total Lows of...
Analysis. The price of a dollar will continue to rise in the coming days. With the decline in the price of gold