Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame Double Top RSI - Divergence Elliot Waves - Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure
DXY - Weekly For me, this chart is bullish, HL's and HH + symetric triangle breakout
The DXY's daily chart suggests a bullish continuation. A Fibonacci retracement could offer a favorable long entry point. Target potential profits at previous swing highs. (Disclaimer: For educational purposes only.)
The US Dollar Index (DXY) is currently hovering around a crucial support area ranging from 104.1 to 104.3. The significance of this support zone lies in its potential to dictate the future direction of the dollar. If the support holds and the price action confirms a bounce, it could signify strength in the dollar, potentially leading it towards the 105 level....
Pair : DXY Index Description : Exp FIAT as an Corrective Pattern in Short Time Frame RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves Demand Zone
💲DXY: Last week, DXY had a surge after the FOMC meeting and reached its highest level of the week around 104.2. Regarding technical analysis, we can see that DXY has broken through the Downtrend line and the key level 103.5 - 103.7. With this development as well as the strong increase in the last 2 days of the week, I will appreciate the upward trend for DXY for...
DXY - 4h - NEW UPDATE Nothing bearish for now on 4h. Testing resistance zone now.
➡️ Long-term #DXY analysis (March 11 - March 16) We doubt US data will move the Dollar much today and instead, investors are waiting to see if Friday's February NFP jobs release does indeed correct lower from the strong gains in January and December. Consensus is around 200K and any lower would probably be good for risk assets in that it would allow the...
Although the US dollar index will temporarily come under pressure at the central axis of 104.2 today, this central axis cannot be suppressed. There is a high probability that it will break upward and test the pressure position of 104.5-105; keep the slow bull trend moving upward! Therefore, yesterday’s transaction was also a huge profit! Those who were long in...
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame Consolidation Phase Break of Structure Completed " 12 " Impulsive Waves S / R Level
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
A potential swing trade short has presented itself on the daily chart. DXY failed to closed above 103 and formed an inverted hammer on the daily chart, and its upper wick met resistance at the 38.2% Fibonacci level. Daily trading volumes also declined whilst prices rose gradually, against the prior (and more aggressive) leg lower. This suggest the -day rise is...
The DXY is currently trading within a well-defined monthly sideways trending range. Price action is testing a key support level, indicating a possible retracement towards previous resistance. A bullish break of the current 1D/4H downtrend, followed by a retest and failure of the range, could present a potential buying opportunity. Disclaimer: This analysis...
"The DXY seems to be retracing from 100.615 to take liquidity at 104.565, and we've observed significant price reactions in the area since Monday, November 13, 23. This suggests that the DXY is currently showing efficiency and may be inclined to move lower towards 99.559. However, reaching 99.559 might face resistance due to a "shield area," which could...
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Fibonacci Level - 23.80% / 32.80% Impulse Correction Rising Wedge as an Corrective Pattern in Short Time Frame Demand Zone
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...