The dxy price started getting rejection from 103.500, as it reached the htf supply zone This supply zone is from 103.500 to 105.000 The currency fair as forex pair /usd will be benifiting with some sort of bounce as the dollar is cooling down Where as currency pair like usd/forex pair for example usd/Jpy can get healthy correction keep them on your watchlist...
DXY's current holding pattern matches a previous reversal almost perfectly. If it continues to play out I'd definitely rather be owning assets than sitting on cash.
There is a possibility that Dxy has experienced saturation and Wave 5 has been formed. At present the price is trying to try to reversal, there is a blue line limit where if the price drops more than the area there is a possibility of bearish.
Introduction: Attention, fellow traders! Brace yourselves for an exhilarating opportunity that has consistently delivering positive returns over the past six years. We are talking about none other than the almighty US dollar, which has proven its resilience time and time again. In this article, we will delve into the remarkable performance of the US dollar during...
Bitcoin's price chart – a rollercoaster of highs and lows. The Dollar Index, on the other hand, measures the USD's strength against other major currencies. The interesting twist? Their paths can intersect. 🛡️ Inverse Relationship: Reverse correlation is like a dance of opposites. When the Dollar Index rises, the purchasing power of the USD strengthens, which...
It's time to dive into the world of currency markets and explore what's been happening with the DXY (US Dollar Index) since December. Despite the buzz surrounding Jerome Powell's Jackson Hole speech, the DXY has been in a range. However, fear not, as this article aims to illuminate this situation and present a compelling case for why now might be the perfect time...
The DXY has formed a doji on the Daily frame which shows indecision in the price, however the DXY has been able to consolidate above the 103,917 support with a strong rejection wick above it which gives me a bullish signal to the trendline resistance at 104.991 with a possibility of breaking above the ascending channel to the next required resistance of...
Pair : DXY Index Description : DXY Index is Following Bearish Channel in Short Term Frame and it has Breakout the Upper Trend Line it can Reject from the Previous Strong Resistance ( 104.578 / 104.668 ) And in Long Time Frame it is Following ELLIOT WAVES Theory , according to it will make its " 4th " Corrective Wave at Fibonacci Level " 61.80 / 78.20% )
In my previous DXY analysis, I wrote that, after the false break from mid-July, USD most probably reversed to the upside, and there are clear signs of this: 1. After the false break we have a strong bullish engulfing candle that confirms the old support (green rectangle) 2. Long-tailed Pin Bar candle that confirms the break above the falling trend line (red...
↗️DXY Index reacted well to the Resistance Line . 🌊According to Elliott wave theory, DXY completed 5 impulse waves at the resistance zone by 🐮Bull Trap🐮. 🔔I expect DXY to drop to at least one of the Fibonacci levels that I specified in my chart. U.S.Dollar Currency Index ( DXYUSD ) Analyze, 4-hour time frame⏰. Do not forget to put Stop loss for your...
TVC:DXY CAPITALCOM:DXY Hello traders, please check my previous ideas about the dollar index. If the price stabilizes above the 3-hour Bollinger Midline, the probability of a bullish scenario and a break of the pressure zone (the area between the two trend lines) increases. Otherwise, if the dollar index fails to maintain the support of the 3-hour...
Is DXY Poised for a sell OFF? The market broke structure to the upside, on the 4hrs timeframe, I expect the market to trade to a supply zone at 104. I expect the the market to start pulling back once we come to the supply region. we just have to be ready to capitalize on the position.
Brace yourselves as I bring you an exhilarating update on the current state of the US dollar (DXY) and its encounter with the formidable BRICS nations. You may have seen recent headlines highlighting the growing influence of BRICS (Brazil, Russia, India, China, and South Africa) on the global economic landscape. These emerging economies have been making waves,...
DXY had been on a steady uptrend since 13th of July, that means for almost two month now, it has continue on HHs,HLs According to DANCOLNATION TRADING CAPITAL , the decider would on SWING perceptive drop over 100 pips with our SL just few pips behind the anticipated retest level before the bounce off the zone
DXY is running in range of 103.30 and 103.45. If it is breaking 103.45 and retesting from 103.57 will for 104 and if it is breaking 103.30 and resting from 103.20 then will go for short to 102.88
TVC:DXY DXY will potentially have a strong SHORT to 101.789 if the Daily Price closes below the EMA-200 on the Daily Time Frame. 1. DXY has been contained in a descending channel since 30th Nov. 2022 when it short below the 106.879 resistance. 2. There was an attempted breakout of the base of the channel earlier this year, 1st February which ended up false...
Pair : DXY Index Description : Strong Resistance Level Bullish Channel as an Corrective Pattern in STF Completed " 12345 " and " A " Corrective Wave Impulse Correction RSI - Divergence
2 options here on the DXY monthly chart. Of course both zones could blow right through, but I believe price is going to either one of these zones in the next year. How do we know which way its going to go? By following the trend on the Daily and H4 timeframes