Dollar again in bull track! DXY create hidden bullish divergence in daily timeframe! I anticipated from this range to 107.xx
#DXY has grown and heading towards a minor trendline that has served as resistance for the bullish correctional pattern which It just broke out from within price range of 101.62 I want to belief that this would take price to a MAJOR demand zone around $100 before the rebound, but economic events might act a good catalyst for the Bullish movement of US Dollar...
As I predict 4 month ago, DXY creates W pattern Now, DXY creates Adam and Eve Pattern Strong Bullish
Speculations with respect to technical analysis is seen that DXY has prospect of going bull, $100 and $98 is seen as the nice entry for a bullish run, TP @ $114 DISCLAIMERS This is not a financial advice. Trade with caution. Use Proper Risk Management. Martin I. Sylvester Financial Market Analyst
#DXY Chart Analysis:- $DXY currently trading at $101.5 Now $DXY seems Bearish so This is good for Bitcoin. Still Holding SuperTrend Support. Support 1 = $100 ( SuperTrend Support ) So Let’s see $100 Support hold or not. If Hold Then we can see more Bearish on Bitcoin. But If Failed to Hold $100 support then we can see #Bitcoin around $32800-$34000 Keep an...
Looks like we are about to see apump with the previous news. Could be a good chance to go long... but market is still very volatile so I`m cautious wit haggressive management!
#DXY has hit the strong resistance of 103 where a strong rejection candle is in formation. For above 103, the bullish parallel channel will be active, and the upside target of 115 will be insight. But this 103 level has not crossed since 2002. For below 103, a correction is due till 99 or maybe more than that. On a daily timeframe, there is bearish...
Simple, practical, efficient. We are looking at the highest level since March 2020. A very smart trader once told me - Buy low, sell high. And looking at December 2016, March 2020 - Jackpot would have been hit both occasions with a short position, with 15% down for USD on average both times. Now let's connect that to today. What's similar? The level it self....
DXY was broken top of the big triangle. it can be fake breakout. There is small important channel, the price is on the middle line. I have two idea, FIRST: last top was wave D of big triangle and it was fake breakout and the price wants to complete wave E. SECOND: The price touch the bottom of channel and start again to go up to complete wave big 5.
Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The US Dollar Index (DXY), which tracks the greenback versus a bundle of its main rival currencies has ended the week bearishly confirming a reversal candlestick (Bearish Engulfing) after sliding by 1.34% throughout the week. The weekly chart shows the potential for a retracement, even within the ongoing trend, the next support lines up at 102.65 (weekly low May...
$DXY DOLLAR INDEX Break down below the trendline on the 4 Hours time frame. It's getting ready to take a plunge This is an extremely good sign for #Bitcoin and #Altcoins
As I expected here the price took out sell side liquidity and liquidity below previous weekly low and rejected from bullish orderblock. This mean shorts on xxxUSD and longs on USDxxx.
Here I think we could see a retracement on DXY, as the price tap psychological level 105.000 and rejected from that zone. I expect the price to take sell side liquidity + PWL (previous weekly low) liquidity and to close the imbalance. Only after that I will look for long position. Until that we are looking for Shorts on USDxxx pairs and Longs on xxxUSD pairs.
DXY has been in continuous upward trend for weeks now, to me it looks like the price has reached its peak for time being, hopefully SPX and BTC will be able to see some upward movement in upcoming days if this is correct.
USD index likely bto fall to the zone around 102.603 or a little below it with respect to the fibonacci pattern 50>>70% which aligns perfectly with the zones and chart as seen respected 50% and so our next target is 70% whichb is a zonne and also has liquidity to be taken out
Today I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. I am showing a comparison of the DXY price from 1997-2002 with the Price and RSI resembling the current price and current RSI. I circled and highlighted the areas of comparisons. Furthermore, I overlaid the historical price over the current price. Any DXY price drop...