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...
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...
Yes, I did call for bearishness in the Weekly Outlook. And yes, the USD has moved bullishly since Tuesday. However, I did state that price would move up into the fair value gap, and from there, the bears would take over. Remember, I described an External to an Internal RUn on LQ. Price has moved from Discount to Premium prices. Currently, price is positioned...
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.
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...
The DXY has exhibited a prolonged period of consolidation, while the higher time frame reveals a robust downtrend. In the video analysis, we observe notable price action, identifying a triple top with a spike above, potentially indicative of a stop run, suggesting the likelihood of continued downward movement. Additionally, the video explores the prospect of a...
In this video, we take a close look at the Dollar Index (DXY) on higher timeframes to assess the prevailing bullish momentum and its potential implications for traders. We'll delve into market structure, price action, and explore a potential trade setup. Important Disclaimer: The information presented here is for educational purposes only and should not be...
After wild move at Friday, DXY is under pressure and seems to goes down to mid line of the channel. On my view, Big picture is bullish, but I think lack of momentum will send it lower at this time. Trade safe. Good luck.
👋Hi everyone (Reading time less than 3 minutes⏰) . 📚One of the most important Indices that we should have an analysis of is the DXY index because it has a direct impact on the Forex , Cryptocurrency , and stock and etc markets. So, in this post, I'm going to show you the 🗺️ Roadmap 🗺️ for DXY until at least the End of 2023 and Early 2024 . 💡I used the ...
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line. Rejecting from Daily Resistance and Fibonacci Level - 78.60%
The DXY forecast remains bearish in my view; however, there is a notable strong bullish retracement occurring. I perceive this retracement as temporary, as the price is retracing back to a premium supply level. I anticipate a distribution to take place in either the 1-hour supply zone I've identified or... Alternatively, if the price continues to climb higher,...
Morgan Stanley updated its outlook for the US dollar, moving to a neutral stance, a significant shift from its previous forecast of an 8% gain in the Dollar Spot Index in the fourth quarter. two of the year. The adjustment comes as a response to the Federal Reserve's recent dovishness and the resulting decline in Treasury yields. The bank recorded a slight...
Taking a Look At The Dollar Index To Kick Off 2024 DXY / USD As everything hinges off the us dollar I think it is important to take a close look at the dollar index as we trade into the London Open today. In the video I give you my top down approach looking at the DXY
Pair : DXY Index Description : Head and Shoulder Pattern as an Corrective Pattern in Long Time Frame completed Its " Left Shoulder ". Completed " 12345 " Impulsive Waves and " AB " Corrective Waves. If Rejects from Daily Demand then Buy