Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame Consolidation Phase Break of Structure Completed " 12 " Impulsive Waves S / R Level
TVC:DXY With the confirmation of rebound from the fibo retracement, 80% USD will break the downtrend line. The 20% is, it will do the fake continuous downtrend before it breaks the trendline.
TVC:DXY TODAY ANALYSIS M30 TIMEFRAME ZONE GOLD BUY OPPORTUNITY Remember Stop loss is your friend & responsibility
The US Dollar locks in gains for this week after hotter-than-expected US CPI and PPI figures. Traders are pushing the initial Fed rate cut towards September. The US Dollar Index trades at a crucial pivotal level that could unlock 104.00. The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies...
Daily: The price hasn't been able to closed above the D-FVG-CE, there has been W-FVG- has been created, So we could anticipate that in the upcoming week we could test the W-FVG- then go towards to the downward direction. Daily Bias: Bearish.
#DXY #forex 4h shows that we only have HL's, and the price from this point could rise to the 103.6 resistance, and even there there would be another HL, and maintains a bearish trend. sI may change if we see a break of that resistance which played an important role as a support.
The DXY has completed a target of a previously identified channel pattern on the 4-hour timeframe. A double bottom formation has emerged near the channel's support level. ➡️Analysis: A retest of the double bottom's neckline (around 103.318) is anticipated. A bullish breakout scenario is developing, with a potential upside move towards the target at 104.992 if...
Hello traders, we want to check the DXY chart. The price is moving in a downward channel and has reached the specified key level. We expect this level to play the role of a resistance level and the price will fall to around 102,800. Good luck.
🏃♂️The DXY Index is moving in the 🟢 Support zone($102.87-$102.43) 🟢. 📈 Regarding Classical Technical Analysis , the dollar index has successfully formed an Inverse Head and Shoulders pattern . 🌊According to the theory of Elliott waves , the dollar index has completed a Zigzag correction(ABC/5-3-5) in the 🟢 Support zone($102.87-$102.43) 🟢. 🔔I expect the ...
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
A potential swing trade short has presented itself on the daily chart. DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is...
➡️ Long-term #DXY analysis (March 11 - March 16) We doubt US data will move the Dollar much today and instead, investors are waiting to see if Friday's February NFP jobs release does indeed correct lower from the strong gains in January and December. Consensus is around 200K and any lower would probably be good for risk assets in that it would allow the...
✅ DXY Index has succeeded in completing a Rising Wedge Pattern near the 🔴 Resistance zone($105.90-$104.64) 🔴. 🔨DXY also managed to break the lower line of the Rising Wedge Pattern and is currently breaking the 🟢 Support zone($104.30-$103.89) 🟢. 💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks . 🔔After breaking the 🟢 Support...
We had a nice week for gold and silver. Both rallied higher as DXY fell and reached below 103. The level that we have been waiting for in the past weeks. Now that DXY had a nice weakly bearish candle closing below 103, what should we expect for gold and silver? Would this rally continue this week as well? I don't know. I'm just enjoying the ride. However, there...
The DXY is currently trading within a well-defined monthly sideways trending range. Price action is testing a key support level, indicating a possible retracement towards previous resistance. A bullish break of the current 1D/4H downtrend, followed by a retest and failure of the range, could present a potential buying opportunity. Disclaimer: This analysis...
"The DXY seems to be retracing from 100.615 to take liquidity at 104.565, and we've observed significant price reactions in the area since Monday, November 13, 23. This suggests that the DXY is currently showing efficiency and may be inclined to move lower towards 99.559. However, reaching 99.559 might face resistance due to a "shield area," which could...
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Fibonacci Level - 23.80% / 32.80% Impulse Correction Rising Wedge as an Corrective Pattern in Short Time Frame Demand Zone
HELLO TRADERS As I can see DXY is tested a strong support zone and now it can move up again to test the trend line till 104 with more good data for US this Week CPI and Inflation rate can boost the dollar again from this given support our risk reward is great on this trade it's just a trade idea share Ur thoughts with us it helps many other traders Stay Tuned for...