DXY has just broken resistance trendline spanning back from September 2022. The DXY broke trendline coinciding with a key level at 106. If this break does not end up been a false break, DXY could swing to 109 within weeks and ultimately further grow to 114 in 2024.
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and " a " can Possibly Reject from Fibonacci Level - 38.20% / 50.00%. We have Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
The last week DXY movement fulfilled my idea which I predicted price to hit the key level at 105.8 For the past 13 -14 weeks, the DXY has been on an ascending trend from 99.23 to 105.756. The current resistance has been a key level since 1st December 2022. Price is currently reacting on a resistance trendline of the main ascending channel since 26th September...
The US dollar has been on an impressive rise, leading to a remarkable domino effect on the oil market while simultaneously lowering the Euro. Let's dive into the details and explore the exciting opportunities this presents for all of us! First and foremost, let's celebrate the recent surge in the US dollar. This upward trajectory has been fueled by a combination...
- D1 : This is strong resistance zone - H4 : You can see a swing LH-LL Break+Retest 2 times at price 150.20 => So, I expect it to decrease further Note: FED - FOMC event
I've been bullish DXY since the end of July after we had the confirmation that the break down was a false one and indicated the 105.50 zone as the potential target in the medium term. The target was hit last week and now the index is consolidating and a correction could follow. However, the trend remains up and a new spike above the recent high is...
Dollar Index multiple time frame analysis. Daily/4h time frames outlook. Price action analysis. Important key levels. Directional bias & thoughts. ❤️Please, support this video with like and comment!❤️
Hello, Welcome to this analysis about the DXY US-Dollar Currency Index and the 4-hour timeframe perspectives. In recent times the Index is forming important developments that should not be underestimated as inflation pressures on fiat and there is an inflation rate never seen since more than 35 years the DXY is setting up for a dump to the downside. Looking at...
After Sunday and Monday's closure, the price seems to have stabilized. I have highlighted the area where the price remained. It would be wise to wait for the price to move out of the lower box region. If the price breaks through the bearish trend, there could be a chance of a reversal. However, if the price breaks through the bullish trend, the price will continue to rise.
hello again In the usdchf currency pair, due to the weakening of the dollar index, we can have swing transactions in the direction of selling. This symbol can be suitable for selling due to the decrease in buying momentum and the existence of a downward trend Two positions for this symbol have been displayed in the chart, which you can enter in one or both of...
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and it will Complete its " A " Corrective Wave at Fibonacci Level - 38.20% / 50.00%. It has Breakout the Upper Trendline it can Reject from the Current Resistance to complete its Retracement
Dxy Bullish is unstoppable. With last week's analysis, we estimate that the price will approach the QM area. Here we can observe first, even though the price will be in the QM area not necessarily a reversal immediately. There is a possibility that the price will be consolidated for some time.
I just checked in d1 timeframe and it seems that DXY is about to finish correction A Elliot’s wave, but also I added the supply zone in this chart which is related with my latest DXY analysis.
The US Dollar Index (DXY) is a measure of the value of the US dollar against a basket of currencies. It is a popular tool for traders and investors who want to track the strength of the US dollar and its impact on the global economy. Technical Analysis The DXY chart is currently in a bullish trend. The price has been rising since the beginning of the month and...
Introduction: In recent times, the US dollar has faced increasing challenges as both Japan and China take measures to defend their respective currencies. This shift in global dynamics has raised concerns among traders and investors who heavily rely on the US dollar as their primary asset. However, this situation also presents an opportunity for us to reassess our...
🏃♂️The DXY Index is moving in a 🔴Heavy Resistance Zone🔴. 🌊According to the theory of Elliott waves , the DXY index is near the end of five impulsive waves . 🔔I expect wave 5 to end near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and start to fall. DXY Index Analyze ( DXYUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your...
Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN
Update: same chart, same timeframe, wider view. Chart mapping/technical analysis of ICEUS:DX1! for developing long-term Swing Trade strategies. ICEUS:DX1! TVC:DXY AMEX:UUP AMEX:UDN