Hello Traders! This is my idea related to the future movement of DXY H1. As we can see, the market is reacting from the resistance level, and at this moment, I'm looking for a bullish confirmation to execute a long entry. The perfect scenario would be to see a retracement until the OB that I mentioned and after that, to go bullish. In case of confirmation, I will...
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...
The #DXY is currently exhibiting range-bound behavior within a broader bullish trend on higher timeframes. While the overall bias remains positive, current price action does not present a compelling entry point for a long position. My strategy involves two potential scenarios: 1: Breakdown Scenario: A break below the current range support would provide a...
The #DXY has been trending upwards, rallying late last week before pulling back. A potential long trade might emerge if the price finds support during this pullback. Higher timeframes show a consistent bullish trend with higher highs and higher lows. We're looking for a buy entry around the 50%-61.8% Fibonacci zone, but remember, trading is risky. This analysis is...
Given that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the...
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,...
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
By examining the 4-hour chart, we can see the liquidity formed above the current price and below the bearish order block. So we can expect the price rise to collect the liquidity and start the bearish move from the order block to the liquidity void. 💡Wait for the update! 🗓️29/01/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
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...
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...
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.
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...
👋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,...