🏃♂️The DXY index has been moving in a Descending channel for a month .
🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢.
💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys .
💡I...
✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month .
💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴.
U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰.
Do...
USD 3 Scenarios for this week and next one
- Scenario #1: where price will just start to move to the downside as we are now at the 78.6% fibo retracment.
- scenario #2: where price might move to the upside first to liquidate the last LH before moving to the downside (IF ANY)
- Scenario #3: where price will go to the upside first to retest the 105 level as...
HELLO TRADERS!!!
As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders...
AS DXY is Longer Term Bearish, and we have a Breaker Formation Inside a NDOG,
And we have a SIBI In Front, As an OB aswell, And we have Sellside Resting, Makes sense to me that it wanna Run those Lows.
The US Dollar fell to a three-month low against major currencies as bets on a Federal Reserve rate cut surfaced. The New Zealand Dollar surged after the Reserve Bank of New Zealand hinted at possible rate hikes.
The Kiwi rose over 0.78% to $0.6184, hitting a four-month high of $0.6207 after the RBNZ's caution on the need for tighter policies if inflation...
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
TVC:DXY regains the smile and advances to multi-day highs past 103.70 on Monday.
If the key 200-day SMA (103.57) is surpassed, the index is expected to face more sustained gains to, initially, the weekly top of 104.21 (November 22) ahead of the transitory 100-day SMA at 104.37.
In the meantime, above the key 200-day SMA, the outlook for the index is expected to...
Regarding the dollar index, we must say that it has started a downward trend in the long term, and the green lines are considered as its most important supports. Its resistances have been identified.
The bias for the dollar this week remains bearish, leading me to anticipate further downward trends. Near the current price, there is a supply zone on the 3-hour chart where we'll wait for price redistribution. Following that, we'll await confirmation on a lower timeframe to execute the sell trade. Additionally, I anticipate a minor reaction from the 13-hour...
Weekly: Price has been Get rejected from the Bullish W-FVG & W-BSL, & M&W-BB-MinTh. As the price is respecting 4 weekly Pdarrays. So we can predict that in the up coming week the price movement will be upward towards the unmitigated W-FVG.
Weekly Bias: Bullish
Daily: As the bellow W-iFVG working as a support, So we can predict that in the upcoming week the...
High speculation on upside, idea are 2, not quite fan on below, remember the fed not yet full blown the 2% inflation target, expect 1st Q of the year would be another rate hikes.
Skip what they are saying they will not tell it until its done.
This is only view on dollar index.
Wether we go higher next year or we go lower or they just wait for the US elections to...
- One of the most important barometers for global currencies and markets in the world.
- Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..)
- When they don't start the printing machine, DXY keeps is strength.
- When they start to print DXY starts to dip and markets boom up.
- it's really basic and based on "BRRR...
Investors sold the dollar late last week at the fastest pace in a year, hoping for lower interest rates next year after the Federal Reserve ends its policy rate cut. significantly raise interest rates.
State Street, one of the world's largest asset managers, said the asset manager was prepared to sell 1.6% of its dollar positions this month, the largest monthly...
TVC:DXY extends the leg lower for the fourth session in a row on turnaround Tuesday.
Further weakness in the index is expected to challenge the key support at 103.00 sooner rather than later. The loss of this region exposes the weekly low of 102.93 (August 30) ahead of another round level at 102.00.
In the meantime, while below the key 200-day SMA (103.60), the...
The Dollar Index (DXY), measuring the greenback against a basket of key currencies, extended its decline to 103.40 (from 103.75) during the holiday trading session.
The Canadian Dollar (CAD) outperformed, causing USD/CAD to drop by 0.7% to 1.3615, hitting a one-month low. Canada's year-on-year retail sales for September surged to 2.7%, beating expectations of...
