According to the weekly chart of the dollar index and since tomorrow and next week we have important data such as unemployment claims, and also these data will probably strengthen the strength of the dollar, it is expected that the dollar index will rise to the middle of the trading range in the first step. .
DXY is moving above the descending channel and trend lines.
The price broke through the resistance level, which coincides with the 50% retracement level of the bearish momentum.
We expect further growth after consolidation above the resistance.
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Since its recent touch on the support zone back in August, the U.S. Dollar Index ( TVC:DXY ) has entered a period of consolidation, characterized by multiple attempts to break through this critical support level.
Despite several instances where the price briefly dipped below the technical support zone, each time, the market witnessed a strong reversal, with...
DXY is moving above the descending channel between the trend lines.
The price reached the resistance level, after which it instantly reacted with a decline. This level has already acted as an important resistance and a pullback point last time.
The chart is moving from the upper trend line to the dynamic support.
We expect the pullback to continue after...
DXY is moving in a descending channel above the trend lines.
Having bounced off the support, the price broke the dynamic resistance and approached the upper boundary of the channel.
The chart has broken the descending structure and is now above the resistance level.
We expect the rebound to continue after consolidation above the upper boundary of the...
👀 👉 The DXY (Dollar Index) recently shifted into a bullish structure on the 4H timeframe, with price now approaching a key resistance level. This could present a potential short day trade opportunity. In this video, we analyse the DXY in detail, reviewing the trend, market structure, and price action, while exploring a possible trade setup. Disclaimer: Forex...
Pair : DXY Index
Description :
Completed " 12345 " Impulsive Waves
Break of Structure
Resistance Level
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 38.20 / 50.00
Continued fall of the dollar index DXY
The dollar index is moving downwards without changes. There was an attempt to trade, above which it was not allowed to consolidate and eventually fell. I showed this in the last analysis and now I am aiming at the support levels around 99.20. Perhaps they will just make a false update of the low and come back, it is not...
DXY is moving in a descending channel between trend lines.
The descending structure is not broken.
The price is below the correction level.
The chart is moving between trend lines and has already reached the upper one.
We expect the decline to continue.
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DXY is moving in a descending channel between trend lines.
The chart maintains a downward structure.
After the decline from the dynamic resistance, the price formed a gap, which it successfully closed during the rebound after reaching the support level.
We expect the decline to continue after the retest of the trend line.
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Black line: DXY (U.S. dollar index)
Green line: DXY 200 week moving average
Yellow line: GC (Gold futures)
Blue line: DFF (U.S. Federal Funds Effective Rate)
Since 1971 when U.S. dollar went off the gold standard, there have been 6 instances when the DXY crossed below its 200 week moving average while it was rising. At closing on 27 September 2024 was the 7th...
DXY is moving in a descending channel under the upper trend line.
The price has already reached the dynamic resistance, which has twice acted as a pullback point.
The chart is under the resistance level and the retracement level.
We expect a decline.
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It has now been exactly a month since the DXY dropped to its price at the start of the year, which also serves as a technical support level. The price has bounced back from this zone twice but has failed to break above the 102 resistance, falling back each time.
However, each time the bears attempted a decisive break downward, the bulls stepped in and pushed the...
DXY is moving in a descending channel between trend lines.
The chart has not yet reached the lower boundary of the channel.
After touching the dynamic support, the price bounced to the resistance level.
We expect a decline after the resistance retest.
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**Monthly Chart**
Last month's DXY candle closed as bearish after a strong push down breaking the previous monthly range. This month's candle (which is still active) went lower and took out the low of Dec 2023. Currently, it is testing the low of July 2023 and MC (OB) area.
**Weekly Chart**
Last week, the candle closed as a bearish indecision candle after...
Pair : DXY Index
Description :
Resistance Level
Completed " 12345 " Impulsive Waves
Break of Structure
RSI - Divergence
Double Bottom Pattern as an Corrective Pattern in Short Time Frame
👀 👉 The USDJPY pair recently broke structure bullish, as seen on the 4H timeframe. In this video, we closely examine the DXY, JXY, and USDJPY, discussing the trend, market structure, and price action. We also explore a potential trade setup.
**Disclaimer:** Forex trading involves significant risk, and market conditions can change quickly. The information provided...
