hello dear trader I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon i think the yello area is the best place for open...
Pair : DXY Index Description : Impulse Correction RSI - Divergence Symmetrical Triangle Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
The dollar index moved in a triangle pattern. Last week, the market tested his upper trendline. If the market tests the upper trendline then it is 106.500 level. Another thing is there is a resistance and supply area at 107.00 level. if the market does not respect the upper trendline then further move to 107.00 level and then reject.
Here's the corrected version: Last month, we anticipated that the #DXY price would continue to be bearish and take support liquidity from Mon 10 Jul '23. However, the fundamentals contradicted last month's analysis as the #DXY strengthened again after inflation rise and the Fed announced they would keep interest rates fixed until the next meeting. It's probable...
Monthly: In the monthly Price has been break the monthly BPR, so now the target it to go towards the M-BSL(107.354) Monthly Bias: Bullish Daily: The price has been brake the M-BPR, with a clear bulish D-MSS, along with D-FVG, so the momentum of the price is bulish, now the price has been taken the D-FVG+ so we will anticipate the price will go upward to wards...
My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar. I...
FX:EURUSD dxy remained extremely bullish in recent few weeks which resulted EURUSD to drop significantly leaving many gaps in the price action. What we want now for price to drop further which will result price to fall under the discounted price zone. This is the last chance for price to rebound, if it fails then price can falls further creating year's lowest low.
In this presentation, we conduct an in-depth examination of the technical aspects related to the DXY. Our evaluation uncovers a possible trading prospect. We conduct a detailed review of the prevailing price movements, examine the market's framework with precision, and take into account the forces at play in the market. Given the advantageous circumstances, we...
The recent strength of the US dollar is posing a significant challenge for emerging markets around the world. Their currencies are weakening, creating a ripple effect across their economies. This article explores the reasons behind the dollar's dominance, the impact on emerging markets, and potential policy responses. A Rising Dollar: The Driving Forces The US...
Pair : DXY INDEX Description : Bullish Channel as an Corrective Pattern in Short Time Frame Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60%
Hi guys. When trading its always important to learn/educate to find an edge on the markets. There are so many charts you can access to analyze/compare, etc. Its known that many ticker symbols can be used in certain ways to help understand markets in a deeper way. The DXY or U.S. Dollar Index is an asset that i use to assess Risk mentality. So keeping it...
#DXY is preparing for next step of moving up and this bullishness will bring more volatility. Bad for #crypto #btc #commodities #stocks etc. Hard price declination will be the invalidation. Not financial advice.
The USD at the start of the year was trading near the 100 lvl but has managed to push above the 106 lvl in a little over a few months. If price is able to break out of the 107 lvl, there isn't to many resistances for the USD to break (the 108 could be one) and price might be able to hit the 114 lvl made in 2022. With the CPI data coming in a little higher then...
FX:GBPUSD price fail due to DXY remain extremely bullish, though we thought price would rise up in our 1 hour timeframe and then continue dropping. However, DXY bullishness momentum was extreme and it kept on dropping. We might see some correction where price reaching around price region and then drop from that area. If you like our work then please do like and...
The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
TVC:DXY FXOPEN:DXY Hello dear traders. ⚡️ In this post I will track the DXY movements from 12 Apr - 18 Apr. 📈 What to Expect? 💡As long as DXY is above the midline of the pitchfork structure, the bullish scenario is quite valid. The bullish scenario targets are on the price chart. ⚠️Important Note⚠️: The price movement has been drawn a little...
DXY has broken above a key level of supply indicating a bullish momentum is still active. Presently we have profit taking going on that will send the dollar slightly lower acros s the board before the bullish move continues.
As of daily chart, DXY is showing bullish momentum and next resistance will be around 107.