Pair : DXY Index Description : Impulse Correction Impulse Breakout the Upper Trend Line of the Corrective Pattern " BULLISH CHANNEL " in Short Time Frame According to ELLIOT WAVES , It has completed " 12345 " Impulsive Waves and Corrective Waves " AB " HEAD & SHOULDER as an Corrective Pattern in Long Time Frame
i don't trade DXY I only use it to confirm a trade, this was what you call al sniper move... CLEAR ON POINT PRECISION
The dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data. At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this...
HELLO TRADERS. As I can see DXY on smaller TF creating H & S pattern we are looking for it to test the downtrend line once in 2024 and then all the way down its just a trade idea has a look on our previous analysis share Ur thoughts with us, we appreciate Ur love and comments. Stay Tuned for more updates!
The DXY has demonstrated a notable rally on the 1-day (1D) time frame, exhibiting distinct range-bound price action as it operates within a previously established weekly distribution level. The absence of a discernible trend is evident, with the market remaining in a sideways movement for an extended period. With high-impact news events scheduled for later today,...
In my view, the euro is currently in a period of low probability. It's possible that for the remainder of the week, I'll stay out and observe. I tend to believe that the low will be visited in the coming days.
For the past two weeks, the DXY has been trading within a frustratingly narrow range, lacking clear direction. Today's FED press conference may provide some resolution to this stagnant pattern. Leading up to this event, prominent Fed members have cautioned against overly optimistic expectations regarding future rate cuts. They emphasized that the Fed does not...
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Long Time Frame and Rejecting from the Lower Trend Line. Completed " 12 " Impulsive Waves and making its " 3rd - wxy " Wave. EXP Fiat and Symmetrical Triangle in Short Time Frame need to wait for Breakout
The DXY is presently confined within a range, evident on both the 1-day (1D) and 4-hour (4H) time frames. Given that it is the end of the week, I am exercising caution about active market participation, considering the customary manipulation observed on Fridays as smart money strategically targets stops, aligning them with the upcoming week's trend. In this video,...
DXY Analysis: The Dollar Index (DXY) has exhibited range-bound behavior recently, lacking a clear directional bias. While there are bearish undertones, a confirmed downtrend requires a break below the current range followed by a failed retest. This video explores multiple timeframes (monthly, weekly, daily, 4-hour) to identify potential dollar direction in the...
Hello dear traders, In the global gold market on the daily timeframe, we are witnessing the price reaching its previous ceiling. Considering the strong upward momentum in gold, we expect it to break the resistance ahead. We have drawn two scenarios for the price movement of gold, and personally, I prefer the first scenario more, as I am looking for long setups in...
We have remained bullish the US dollar the past few weeks, and continue to suspect there are plenty of shorts to be covered as markets finally concede that fewer Fed cuts are coming this year and already priced in. The dollar has posted a strong rally YTD, and after a brief consolidation momentum is trying to turn higher with a bullish outside candle. It's not...
Pair : DXY Index Description : According to Elliot Waves it has completed Impulsive Waves " 12345 " and " AB " Corrective Waves. Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement. Break of Structure with Retracement and Divergence
HELLO TRADERS Hope everyone is doing great a look at AUDUSD 🛑IN THE COMING WEEK MULTI TIME-FRAME BREAK-DOWN DXY DAILY * Lets start with the DXY. * We see the 78.6 % FIB level holding in the past week. * Looking for signs of some bearish momentum for continuation with the bears. * The DXY is currently trading in PREMIUM. * Any signs of bearish momentum would...
HELLO TRADERS Hope everyone is doing great 🛑 New week new opportunities A look at the DXY ahead of the new week 👌 MULTI-TIMEFRAME ANALYSIS DXY DAILY * We see the 78.6 % FIB level holding in the past week. * Looking for signs of some bearish momentum for continuation with the bears. * The DXY is currently trading in PREMIUM. * Any signs of bearish momentum...
DXY is on a monthly supply zone. That supply zone is near the 78% Fibonacci level and it serves as a strong support/resistance level. It still has a lot of bullish power so we have to wait for a signal in that supply zone to let us know its heading down. TVC:DXY
The dollar index is presently responding to my 14hr supply zone, leading to a visible bearish reaction. Given that this supply is part of a 2-day supply, I anticipate price to move upward to further mitigate this supply, potentially triggering a more stronger bearish response. With the breakout from consolidation, I anticipate clearer price action. I will be...
I think cash will be king again soon! It broke a downtrend from 1985 and 2002. It has backtested all lit needs to, could get down to 102.8 on the very short term (4hr chart) but after that it should fly. I think this will take everything down, equities, crypto and metals. Pretty sure you're only going to want to hold cash and shorts. Good luck out there...