In the 4H timeframe there is a bullish movement for DXY reaching near 107 which is the main resistance level in daily timeframe. Tomorrow is FOMC meeting so the volatility is high and i think we might see some retracement down from 107 and the the bullish trend will continue. But I strongly suggest to do not trade near FOMC meeting.
Gold prices rose above $2,000 amid rising geopolitical tensions in the Middle East and demand for safe-haven assets ahead of the Federal Open Market Committee (FOMC) meeting. However, the 10-year bond yield has reached 5.02%, the highest level since 2007, and remains high. The increase in the US government's debt service rate strengthens the strength of the US...
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
The dollar index has moved on the path of July 11 so far and the scenario has not changed for now According to the left of the chart and the completion of the technical model of liquidity provision, the long-term correction of the dollar index has been completed and it has started its main movement. This break of the dollar in 2023, in my opinion, was like the...
DXY D1 Today, or at least this morning is all about waiting for these corrections to unfold and settle. The DXY is being used to compare against FX pairs, and we are just waiting to see whether this resistance price holds, or breaks. Like I say, we aren't looking to trade just yet, merely try and get some consensus of direction early on in the week, we can...
In this video, we conduct an in-depth analysis of the DXY (US Dollar Index). Our focus lies in deciphering the pronounced bullish trend observed on higher time frames. Throughout the video, we explore prospective price targets and trading opportunities, delving into trend assessment, price action, market structure, and a conceptualised trade proposition. Please be...
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave , It will Complete its " B " Corrective Wave at Daily S / R Level. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retest Entry Precautions : Wait until it Completed Reject the Falling Wedge or S / R Level
hi traders as i can see a very simple view on Dxy chart that the bullish move is still going to complete the given level if we watch deeply in the chart the DXY holding a strong support zone with a strong data of CPI & NFP with FOMC meeting minutes then its an easy target for incoming days Kindly share ur thoughts via comment session... stay tuned for new updates
HELLO TRADERS , Double-Top Patterns Indicate Market Rally Could Be Nearing End as i can see the chart DXY is holding a support zone and trading under the trend line so outer middle east tensions are increasing day by day no ceasefire happen soon in coming days war is spreading to other nations that not good for $ it had still not touch 107.40 level in this...
Hello, traders. In my opinion, the Tether index should have another rise in the monthly time frame to finish the 5th wave. For this reason, the current increase in the value of Bitcoin is temporary and will eventually reach 40,000. Then again, there will be bloody days ahead for Bitcoin and other cryptocurrencies until the USDT.D Elliott Waves end. Goodbye
Last week, I expected the US Dollar Index (DXY) to decline to 106.011, a key area of interest, and then bounce. It did indeed bounce strongly, but faced resistance at 106.651. DXY needs to close above 106.651 on daily or 4-hour candles for its rally to continue. Once it does, we can expect DXY to target buy-side liquidity. However, I would now prefer to see DXY...
US dollar is currently on the rise, dancing in perfect harmony with the surging US yield! The US dollar has been flexing its muscles lately, gaining strength against several major currencies. This upward trajectory has been propelled by the impressive rise in US yields, which have been climbing to new heights. It's a fantastic opportunity for us to capitalize on...
As it is clear from the chart the DXY is going upward after taking out the sell side liquidity and the current target is 107 and 107.4 for the bullish trend now
The Dollar Index (DXY) finds itself stretching towards the top of the current trading channel, eyeing the 107 mark. While this channel top is foreseen as a limiting factor in the future, the immediate trajectory for DXY hints at a stretch towards 107 before a possible retrace to the channel bottom. Key Observations: 1. Targeting 107: DXY is progressing towards...
As mentioned before DXY hunt the sell side liquidity and now the consolidation range is clear. It may be a little volatile as the chair man Mr. Powell has speech today.
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
SCENARIO 1 - This is my bias for the dollar index (DXY) which gives us extra confluence for my two GBPUSD & EURUSD temporary longs that I have recently posted. As they have a negative correlation between them it gives our trade ideas more confirmation. Im currently expecting price to react as it's in a 8hr supply zone and distribute to eventually sell off towards...
my order in gbpusd to go long on an important point of interest, leave me your opinion