Simple Support & Resistance combined with past reversal points to come up with multiple confluences for my DXY prediction. Fibo is just part of my reference,you may exclude from your point of view. There is also a divergence between the price and the RSI. I'm still learning so welcome all comments to improve.
👁 TVC:DXY ANALYSIS D1 🛒BUY above = 93.70 🎯Target1 = 94.10 🎯Target2 = 94.70 🛑Stop loss or 🛒SELL BELOW = 93
After a bullish start to the week the US Dollar Index has taken a bearish turn, with price now re-entering the region below the psychological level of 93.00. On the 4H chart we can see that although price broke and closed above the 50 EMA, it failed to do so on the 100 EMA. It is now about to enter a zone of support where price has bounced from previously,...
My whole view for Index is short , there can be a Pullback but it wont last too long , Two zones to sell , please Note >: all the Analysis is Based on FA . All the mouves that happend in the Stock/Forex Market in the last 4 Months were fundamettaly based ,from QE to keeping Interest rates near 00 untill the end of 2020 , all this is in favor of my short position...
The price is trading near the support line. Strong support at 95.94 if break 97.41 conform bullish
Technical Analysis: * Price is above 200EMA and above both 14&21EMA, and are acting as support. * RSI is above 55, indicating good buyer strength. * RSI has broken the downward trend line and is retesting that trend line. Trade Idea: To be a good and comprehensive trader, its always a good practice to check correlations of other forex pairs and indices so as to...
Dates in the future with the greatest probability for a price high or price low
will it get back in that daily channel or will it drop further down we will see after this ends... it will very much depends on what moves will show in the correction that will follow somewhere there...
After a lot of false alerts (August 28, the break that did not strengthen the dollar, September 13, the dollar that fell below the support line) clearly see a resistance line break at 99.3. Ichimoku Indicator - Strong Buy All other indicators Strong Buy Target: 100$
DXY expected to rise up to 1st resistance at 96.64 where it could potentially react off and drop down to 1st support at 95.86. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
DXY has been in a consolidation area sine the end of January and hasn't been able to go any higher. We could expect it to break it's current support to continue the bearish trend it's in and fall even further down as there is yet no signs of strength. Wish you all the best :) Happy trading!
DXY / TECHNICAL CHART ( BAT PATTERN )
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