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
Hi everyone Having a look at DXY (Dollar Index) we get the feeling it could rally up to go levels of 109.290 Let us know what you you thing
The forecast for the upcoming value of the DXY is positive, with a range of 103.00 to 104.50. This is based on the expectation that the FOMC will not change interest rates at its meeting on August 22, and that the US GDP report and other economic data will be strong. However, it is important to note that the forex market is volatile and unpredictable, so the...
US Dollar Index same as I updated in my analysis, Rebound from 103.20 to 103.60 around. after that seen pullback. Now it's retesting and looking target again 103.20 and we may see below 103 next coming week.
The DXY, also known as the U.S. Dollar Index, measures the value of the U.S. dollar relative to a basket of six major world currencies: the Euro, Japanese Yen, British Pound, Canadian Dollar, Swedish Krona, and Swiss Franc. When we say that the DXY is going up, it signifies that the U.S. dollar is strengthening against these other currencies. There are several...
Although in the past month the dollar index looks bullish, I am still under analysis that it is likely that there will still be a bearish / maybe a deep correction for the near time.