"DXY is currently at 103.000, indicating a resistance zone between 103.000 and 102.800. Historically, market reactions tend to drive prices towards the upside demand zones at 103.700 and 103.900. Consider setting a stop loss at 102.000."
I often talk about the power of looking over our trades for those highs and lows over time, not because we can not trade but because we can be dynamic. Well to put it simply, I am bullish on DXY this year but price failed to break above 105.00 and 104.000 respectively.. Price seem to be unfolding to bring about something beautiful on the chart, this might just...
DXY could not go higher and failed to break through the resistance level. Price action created the divergence at the resistance zone and dropped. We expect the support zone to be tested. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Before going higher in the TVC:DXY , I'm expecting it to pull back to its 4H order block. After that I'm expecting the dollar to get stronger, as we are in a bullish trend. If breaks below current lows, I'd expect to go down, otherwise I can see it mitigating the OB above before heading to the one below.
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and " A " Corrective Waves Break of Structure Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement RSI - Divergence
➡️ Macro perspective: The US dollar index rose ahead of the GDP data but then fell again. This slightly weaker data encourages investors to hold risk assets, but the big data is the January PCE released today. ➡️ Technical perspective: DXY produces higher highs, followed by higher lows, signaling the start of an uptrend. If DXY rises immediately, a break...
Given the time of the year, DXY is likely to keep a small range until FEb. Possible 104.5 - 105.0 by December END. Then Sells to begin the year toward 102 - 101.50 Not financial advice. These are my opinions.
On the higher time frame, the DXY exhibits a bullish trend, characterized by recent retracement into the 50% level on the Fibonacci. As we delve into lower timeframes, our focus sharpens. Specifically, we are on the lookout for price to form a double bottom setup—a pattern that often signals a potential reversal. This setup involves a break below the previous...
Pair : DXY Index Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves and " A " Corrective Wave
I looking selling in dxy What do you think obout this Follow for more
DXY is in a bullish trend and broke and closed above the 103.000 level. Price action is trading in the ascending channel. If price pulls back to the support level,we can look for buying opportunities. We expect the resistance zone to be tested because the price broke a significant level of resistance. ------------------- Share your opinion in the comments...
HELLO FRIENDS!! As i can see DXY is creating a head and shoulder pattern this can be next move for DXY if US inflation data is good for $ Technically it is clear view for bull move till design levels friends it's just a trade idea we are looking forward for Ur thoughts in comment session it helps alote of other traders Stay Tuned for more updates.
Daily: In Daily TF, Bearish MSS has been Forming. If price closes above 103.785 Then we are going towards the D-SSL & LRLR-102.770 at least. Daily Bias: Bearish. In Hourly clearly bearish reversal has been confirmed.
- I want to see a bullish session targeting PDH. - I believe this is manipulation under MOP - London Judas swing.
DXY could not go higher than the resistance level. Price took liquidity above the resistance and dropped. We expect the support zone to be tested or to continue consolidating between 104.50 and 104.00. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Weekly Analysis : We are not able to have any weekly closer above the W-FVG-CE level-104.531 from the upside, another we didn't have any closer bellow the Bulish-W-FVG. So we could anticipate that we are in a confused state here. Weekly Bias: Consolidation. Daily analysis: We have got continuous rejection from the Bearish D-FVG, after taking 13 Feb...
Since the beginning of the year, the USD Index has risen 5% from its lowest point to its peak. However, trading USD pairs has proven to be quite challenging due to the choppy price action and significant volatility between support and resistance levels. Upon analyzing the chart, the upward movement appears staggered and resembles a rising wedge pattern. This...
Technical Outlook: - The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend. - Recent price action indicates a retracement to a significant daily (1D) support zone. - This technical setup presents potential buy opportunities in line with the prevailing bullish bias. Trade Suggestion: - Entry: Consider long positions upon...