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!
Greetings, traders! 📊📈 A new chapter is unfolding in the world of the DXY (US Dollar Index) as it resurfaces above the 102.6 mark. This resurgence has ignited discussions about potential long opportunities near the 102.4 region, presenting an intriguing prospect for those closely monitoring this market movement. 🔀 Shift in Dynamics: With the 102.6 level now back...
I think the Dollar Index is in a general downward trend after hitting the 61st and 8½ Fibonacci retracement zone. It will continue to descend and continue to the line of the most dun.
The euro continues to fall, the EU economy is increasingly depressed A little more and we can see 1.5 Euros for a dollar It will be great for USA
Pair : DXY Index Description : It has Completed " 1234 " Impulsive Wave in the Pattern of Bearish Channel and Rejection from the Upper Trend Line with the Strong Bearish Price Action Strong Resistance Level " 102.857 " , If breaks " 100.823 " then Long Term Sell
DYX TVC:DXY has downed below 100.82x and pull back to 102.009 now I expect DXY will down to 99.65 Wait for retest to short
As I expected in the previous post, DXY reached the resistance lines.✅👇 💡If you look closely at the chart, you will notice that DXY is moving in an Ascending Channel . 💡It seems that DXY failed to break the resistance lines. 💡Also, we can see Regular Divergence(RD-) between consecutive peaks. 🔔I expect the DXY will go DOWN at least to the lower...
Brace yourselves because the DXY has just hit a 3-week high, thanks to the recent Fitch US downgrade. Talk about an unexpected twist, right? Now, let's dive into the details. Fitch Ratings, the renowned credit rating agency, has downgraded the United States' credit rating, causing quite a stir in the market. As a result, the US dollar has emerged as a haven for...
The DXY index failed to break the 🟢 support zone($101.30-$100.82) 🟢 reliably, and with the Double Bottom pattern , it resumed its upward trend and formed a 🐻 Bear Trap 🐻. 💡Also, the DXY index issued a Buy signal through the 50-SMA and 50-EMA . 💡The Bullish Marabozu candle was also a sign and confirmation that DXY's fall below the support zone was just a...
Dxy walked to the target that was analyzed a few days ago. I am still on the analysis that at this time it is still not proven to enter the bullish trend in full, it could be still in the correction wave.
Since the top from October last year, DXY has been in a strong down trend. However, considering the trend started back in May 2021, this is only a correction, in fact, it even stopped at the 0.618 Fibo. The recent drop under 101 support was, in fact, a false break, one more reason to believe the Usd index found its bottom. At this moment Dxy is trading in a...
The DXY US Dollar Index, which measures the value of the US Dollar against a basket of major currencies, has recently experienced a bearish move, declining from the level of 102.500 to 102.750. This analysis will explore the factors contributing to the bearish sentiment and the potential reasons for the index's downward movement in the specified price...
DXY 1W Idea DXY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 101.200 support and resistance zone.
This is my view or anticipation on the dollar index, preferably for this month but we'll see how price plays out, this is just my anticipation with my understanding, it may be right and it also very much may be wrong.
TVC:DXY CAPITALCOM:DXY ⚡These two scenarios are expected to occur in the dollar index. A break or resistance of the 103.285 level is very important to determine the continuation of the trend. Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
Weekly DXY - still holding support and bullish the dollar this year but considering counter postition with possible nudge down to $101 over Feb. - Short Term Potential $96 low into the 200 Weekly if we see a (temporary) drop in inflation. Supports crypto / BTC / tech limited rally. - Expecting rally assuming inflation spikes again & risk of US September default...