The U.S. Dollar Index is used to measure the value of the dollar against a basket of six foreign currencies: the euro, Swiss franc, Japanese yen, Canadian dollar, British pound, and Swedish krona. The index was established shortly after the Bretton Woods Agreement dissolved in 1973 with a base of 100, and values since then are relative to this base. The value of...
DOLLAR INDEX has once again giving a breakout from its recent high of 103.600. Recently as highlighted on the charts the breakouts remain successfuly specially after FED Hawkish View. Will this breakout succeed ?
Here is my view for DXY on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Consider NFP TOMORROW, Upon breakout DXY will move around 104
DXY looking like its setting up a market maker buy model with the high 103.949, i will be excepting further correction to the downside targeting the fvg sat below SSL 103.160. From here if we show bullish PA then we can expect another correction on all cross assets. What's key here is how crypto run while dxy corrects we want to see impulsive PA to the upside...
With the important fund, today the market determines its trend. The two important level of $ 1830 and $ 1850 have the ability to change the trend in gold. Loss of support of 1830 and trend line can give a drop to the gold market. 👤SecondChanceCrypto 📅04.May .22 ⚠️(DYOR) Thanks for your Likes and Comments
Since 2015, USD Index is trading in two ranges: one between 92 and 100, and the large range boundaries, between 90 and 104. After a strong and clear break in mid-April of 100 resistance, DXY has accelerated its gains and now is trading exactly under 104 resistance. If you also look at the daily chart you can see that a small triangle is forming under this...
This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
Expecting bearish price action on DXY on a short-term basis as pprice rejected a bearish orderblock on the H1, and shifted the market strucutre on the H1 from bullish into bearish. From a medium-long term perspective i am still bullish on the DXY. What do you think ? Comment below.
DXY is bursting through the roof to hit 109-110. With a cash rate hike of 50 basis points in the coming days there is no stopping this or inflation. I believe Risk-on markets are set to cool off for a couple of months and cash in households is going to become tight. Trade against this if you dare ;)
Hey traders, in the coming week we are monitoring DXY for a buying opportunity around 103.1 zone, in the 4 of May we are coming across the FOMC event where we expect USD to gain strength and remains bullish prior to that. we highly recommend taking a look at DXY in the beginning of every trading week if not everyday, that will help you to spot the direction of USD...
An important indicator of the state of the market is the dollar index. It is from it that we can see the big picture. Is the dollar in demand in the markets? Where is the market heading? At the moment, we are approaching the zone of a possible market reversal. The price tag is 104-105 points per dollar. Taking into account the fact that several more Fed rate hikes...
DXY V/s Bitcoin Correlation :- TF:- 2W ✨DXY is currently at $103 Level. ✨Multiple Price Rejections are seen from Support & Resistance zones. ✨RSI bearish Divergence is also seen, While RSI is in OverBought levels. ✨Bearishness is expected in DXY by looking at Current Price Action. ✨We need to wait till the confirmation of Price Rejection from the...
This is a pretty compelling bear case for Bitcoin right now. Macro head and shoulders on weekly chart. Price could retrace to bottom of the ascending channel. That will be a huge price test. If it fails, we could see a retracement back to the 200 VWAP which happens to coincide with/around the last cycle's prior high. That would be a great are to accumulate more as...
The DXY is being attracted to the high timeframe imbalance with a target of 118 to 124 institutional whole levels.
Hey traders, in today's trading session we are monitoring DXY for a buying opportunity around 103.1 zone, we highly recommend to take a look at DXY at the beginning of every week if not everyday, that will help you to spot the direction of USD pairs and trade them more professionally. AS Fomc is approaching as well we expect USD to be outperforming!
Hi there, DXY charts are preparing a massive fall on the Monthly timeframe, we will see new lows for DXY, Currently we are sitting at the top of the Falling wedge, in the last wave (5) at the weekly chart as well, preparing a topping process for a massive fall which will follow for DXY Fundamental reasons for DXY fall- Dollar loosing his "World reserve Currency...
USD looking very bullish imo. We could get a small correction before breaking the resistance nothing major, I won't be so bullish if we drop below 0.5 fib level.