TVC:DXY chart mapping/analysis. Bullish inverse H&S identified on lower timeframe charts, pending breakout confirmation. Trading scenarios into EOY: Inverse H&S breakout = extrapolated move into 23.6% Fib / ~106 horizontal line (yellow dashed) / upper range of descending parallel channel (light blue) confluence zone. Breakout failure = re-test 50% Fib aka...
Integrated Analytics 💲 Unveil Dollar Trends Dear Respected Members, Speculators, and Traders, My AI's advanced pattern recognition detected the green rising channel chart pattern, concealing a potential bearish retracement signaled by the bearish MACD and negative RSI with a bearish cross below. Ensembling predicts a retracement to 103.78, the channel's...
hello traders what do you think about dxy index)? guys dxy index. Breakdecline Support level that a retest Rsl 105.000 breakdance to confirm selling pressure down. Support level 104.300 Gold poised for first weekly drop in four before US jobs data Dec 8, 202315:23 GMT+5 KEY POINTS: Gold down 1.5%, silver loses over 6.6% this week U.S. dollar on...
Here I present my technical Analysis For US Dollar Index which according to the Dow theory we are on a clear down trend.
Today's focus: USDX Pattern – LH Resistance push Support – 102.45 Resistance – 104.12 - 104.35 Hi, and thanks for checking out today's update. Today, we are looking at USDX on the daily chart. Today's video asks if USDX will continue to remain below resistance and possibly break lower if today's CPI data comes in lower than expected. We are mainly focused on...
While Himino's speech is a crucial assumption for monetary policy and the longstanding dilemma regarding wages and prices, his journey is a speculative adventure on how the concept of Wages/Prices can depart from what he calls a frozen state. Next are deeper insights into how Himino perceives and examines wages and prices in relation to Japanese households,...
In a significant monetary policy speech, Himino introduced pivotal assumptions for wages, prices, and the prolonged dual downturn. The narrative explored how the concept of Wages/Prices might depart from what he termed a frozen state. Himino delved deeper into understanding and reviewing wages and prices concerning Japanese households, businesses, and financial...
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and Corrective Waves " ab " at Daily Demand Zone or Fibonacci Level - 61.80%. It has completed the Retracement for Break of Structure. Bullish Channel in Short Time Frame Entry Precaution : Wait until Resistance React as Support
While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of...
103.100 Looks a Sweet target for NFP. Disclaimer - I don't Promote trading NFP
After making a low just under 100 mark in mid-July, TVC:DXY started a nice up trend and rose more than 7% in the next 2 months and reached a high of 107.20 at the beginning of October. The attempts for a new local high failed and, at the beginning of November the index has started to fall, recently making a low at 102.50. December's recovery is contained in a...
High speculation on upside, idea are 2, not quite fan on below, remember the fed not yet full blown the 2% inflation target, expect 1st Q of the year would be another rate hikes. Skip what they are saying they will not tell it until its done. This is only view on dollar index. Wether we go higher next year or we go lower or they just wait for the US elections to...
✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month . 💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do...
DXY - DISCOUNT VS USD? In my opinnion, this is just a discount for a possibilty tu long again AUD,EUR, etc..vs USD.
The Dollar (DXY) had a big rally from July until October and then a correction back down to the VWAP (volume-weighted average price) moving average line. It is currently above and looking like it will make it's next leg up as we close the year.
HELLO TRADERS!!! As we can see DXY has reached @ strong support zone and we are looking for retrace for testing last broken resistance area so i am expecting this support will create a short term buying opportunity so we will see these following TPs will hit our targets its just an a trade idea kindly share ur views and analysis it will help alote of new traders...
🏃♂️The DXY index has been moving in a Descending channel for a month . 🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 💡I...
AS DXY is Longer Term Bearish, and we have a Breaker Formation Inside a NDOG, And we have a SIBI In Front, As an OB aswell, And we have Sellside Resting, Makes sense to me that it wanna Run those Lows.