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...
- 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...
As long as the price breaks the upper level of W-IFVG or down D-IFVG the market will be choppy. Daily Bias: Neutral
TVC:DXY chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
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...
TVC:DXY retreats for the third consecutive session and approaches the area of three-month lows near 103.00 at the beginning of the week. In case sellers push harder, the breakdown of the November low of 103.17 should leave the door open to extra losses in the near term. That said, the loss of the weekly low of 102.93 (August 30) could put a potential visit to...
Pair : DXY Index Description : Bearish Channel as an Corrective Pattern in Short Time Frame. It has Completed " 12 " Impulsive Waves and its " 3rd " Impulsive Wave will be Completed at Daily Demand Zone or Fibonacci Level - 61.80% Entry Precautions : Wait for the Proper Rejection
US Dollar Faces Supports: Potential Double Bottom Signals Market Dynamics Major currency pairs continue their range-bound movement on Monday as investors refrain from making significant directional bets. The market sentiment is cautious due to escalating concerns, with investors eyeing key inflation data releases from both the United States (US) and the Eurozone...
🏃♂️The DXY index is moving in the 🟢 Support zone($103.78_$102.93) 🟢 near the SMA(200) and 1 00_SMA(Weekly) . 🕯If we want to look at the last three daily candles of the DXY index from the candlestick pattern, we can see the reversal patterns of Hammer and Morning Star very well. 💡Also, another sign that shows us the end of the downward trend of the DXY...
dxy sell as said in my idea few days ago , it can touch 103.00 then we looking for bullish , if dxy breaks the support level of 102.98 then we can see it at 99.80.
This Weeks DXY bias is to expect another major move to the downside to continue its bearish trend that it has now set. To capitalise on this movement we will wait for a minor pull back up to a near unmitigated supply, (which will be the 9hr) to look for entries to get into this selling trend. From this we will look for our usual wyckoff distribution to play out...
Last night I was bullish on DXY. Tonight I’m looking to see it continue building bullish price action after sweeping internal liquidity.
Target Hit. NOw im expecting price goes back 106 zone. this is not a financial advice. Follow for more weekly updates on DOllar Index. For daily scalping come and check me out for more. Trade at your own risk.
As it is clear from the chart after hitting 4H FVG at 104.2 the trend is still bearish and the equal lows at 103 and 103.2 could be possible targets for bearish move
In my previous update on DXY, I had expressed that wave 'z' had truncated on Nov 1. and that should mean the beginning of the fall for DXY. Well from the truncated 'z' top the DXY has now fallen in a 5-wave pattern(Elliot wave theory). While this in longer term suggests more downside for the dollar index(93$ according to me), in the short term one must remember...
After predicting the Yearly High for DXY , im focused on getting this pullback and have another full rotation of this current range. Keeping things as simple as possible for the dollar , No need of complications