The dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this...
The DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today,...
For the past two weeks, the DXY has been trading within a frustratingly narrow range, lacking clear direction. Today's FED press conference may provide some resolution to this stagnant pattern. Leading up to this event, prominent Fed members have cautioned against overly optimistic expectations regarding future rate cuts. They emphasized that the Fed does not...
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejecting from the Lower Trend Line. Completed " 12 " Impulsive Waves and making its " 3rd - wxy " Wave. EXP Fiat and Symmetrical Triangle in Short Time Frame need to wait for Breakout
DXY is in an ascending channel, making higher highs and higher closes. It is in the consolidation zone. If price pullbacks to the support level and the fibo 38.2% level, the market will probably go up to retest the consolidation zone. We expect the trend to continue and retest the highs. ------------------- Share your opinion in the comments and support the...
The DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video,...
DXY Analysis: The Dollar Index (DXY) has exhibited range-bound behavior recently, lacking a clear directional bias. While there are bearish undertones, a confirmed downtrend requires a break below the current range followed by a failed retest. This video explores multiple timeframes (monthly, weekly, daily, 4-hour) to identify potential dollar direction in the...
This week's focus is on the potential for a minor retracement in the DXY (U.S. Dollar Index), highlighted by a noticeable bearish divergence when compared with the 10-year Treasury yield and the 10-year T-Note futures. This divergence is particularly significant as it suggests a weakening momentum in the dollar's recent uptrend. While both the 10-year Treasury...
We have remained bullish the US dollar the past few weeks, and continue to suspect there are plenty of shorts to be covered as markets finally concede that fewer Fed cuts are coming this year and already priced in. The dollar has posted a strong rally YTD, and after a brief consolidation momentum is trying to turn higher with a bullish outside candle. It's not...
Pair : DXY Index Description : According to Elliot Waves it has completed Impulsive Waves " 12345 " and " AB " Corrective Waves. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure with Retracement and Divergence
The dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response. With the breakout from consolidation, I anticipate clearer price action. I will be...
Weekly : The price has been break through the W-SIBI, so now we can anticipate the price will go for hunting the W-BSL 104.263. Weekly Bias: Bulish Daily : The price has been closed the D-SIBI-CE but it didn't able to close above the D-SIBI, So we can anticipate that there will be slightly pull back towards the 108.859 level then it will move towards its...
DXY Technical Analysis and Trade Idea. The DXY is currently range bound, the higher time frame is bearish i'm looking for a break of the current range and a possible trade opportunity if it sets up. As always, everything explained in the video in detail and this not to be construed as financial advice.
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves at Daily Demand Zone. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement.
After a big surprise bar at top, loss of momentum can push DXY lower to pullback to midline of the channel. Trade safe. Good luck.
DXY Downtrend The 6 month candle chart suggests we could be in for at least two red quarters which would suggesting positive markets..... which seems contradictory to the current sentiment BUT not the current charts (S&P, NASDAQ,etc). The weekly chart currently shows the critical resistance at $1.00 and we appear to be heading straight for it. I genuinely...
As the dollar has been consolidating in the past week, opportunities near the current price are limited. However, my nearest Point of Interest (POI) is a supply zone on the 14-hour chart. I am looking to capitalize on this by selling to continue the bearish trend observed in the dollar index. I'll be patiently waiting for a breakout from this range, aiming to fill...
Introduction: In this revised analysis of the DXY, we explore a multi-layered Elliott Wave structure comprising three main waves – blue, orange, and red – and examine their interactions within different corrective channels. This analysis also considers historical economic events and current global shifts to project potential future movements of the DXY. Wave...