Pair : DXY INDEX Description : Bullish Channel as an Corrective Pattern in Short Time Frame Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Fibonacci Level - 78.60%
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame Double Top RSI - Divergence Elliot Waves - Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure
The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in...
Pair : DXY Index Description : Bullish Channel as an Corrective Pattern in Short Time Frame Consolidation Phase Break of Structure Completed " 12 " Impulsive Waves S / R Level
As Gold looks to snap its recent run of losses this week the US Dollar has remained supported on fears that the US Federal Reserve will need to keep rates higher for longer. This comes as US data with the exception of the PMIs this week remains strong. Strong labor data and US Durable Goods numbers yesterday further strengthening the idea of higher rates while...
H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
The DXY forecast remains bearish in my view; however, there is a notable strong bullish retracement occurring. I perceive this retracement as temporary, as the price is retracing back to a premium supply level. I anticipate a distribution to take place in either the 1-hour supply zone I've identified or... Alternatively, if the price continues to climb higher,...
Hello traders, we want to check the DXY chart. The price is moving in a descending channel and has pulled back to the indicated key level. If the price cannot break this level and this level plays the role of a resistance level, we expect the price to maintain its downward trend and the price will fall to around 100,700. Good luck.
My outlook for the dollar remains bearish, but it's currently in a bullish retracement phase triggered by the reaction at my identified 17hr demand (POI) from last week. I anticipate price to continue its upward movement to eventually reach a premium level. In this scenario, I'll be looking for selling opportunities around the 4hr supply zone or the 14hr supply at...
The outlook for the Dollar this week is a continuation of its bearish trajectory. With a recent downside break in structure, I anticipate a correction, expecting the price to retrace into the 14-hour supply zone. Upon entering my Point of Interest (POI), I'll wait for price distribution and a change in character as a signal that the dollar is prepared for a...
While the overall trend for the dollar remains bullish, recent weeks have witnessed a notable increase in downward movement. This suggests a potential continuation of the bearish patterns, prompting me to seek pro-trend trades aligned with this recent bias. Notably, with the price already having mitigated a supply zone, an anticipated drop towards the target of...
DXY confirmed its breakout from the bull channel to the downside and is currently showing some minor support at the 200EMA. I would expect the price gap from here to the 9EMA at 105.000 to close followed by another leg down. We have to be careful to not get caught in a 2 legged trap, which is also a possible outcome at this level. How do we trade this? Wait...
TVC:DXY attempts a mild recovery to the 104.30/40 band after bottoming out just below the 104.00 support earlier in the session on Wednesday. The breakdown of the November low of 103.98 (November 14-15) should pave the way for a quick test of the critical 200-day SMA at 103.60 prior to the weekly low of 102.96 (August 30). In the meantime, while above the key...
The US dollar index may decline again to 105.500. However, before it drops, it could have another upward movement (Towards the red zone), and then continue its downward trend towards our target levels. Our targets are: 105.5, 104.5, and 103.5.
Hi Everyone The DXY is the back bone for all the investments including crypto The DXY and the USDT domination is showing weakness confirmed by mathematical modules and analysis, I expect a rise for all major markets (Commodity, stock and crypto) I hope you Enjoy the ride Good luck Everyone
⚡️Strong US data underpins soft landing concerns, allowing Fed hawks to defend “higher for longer” bias for rates. ⚡️China woes, Fed Beige Book concerns also keep DXY buyers hopeful via firmer yields. ⚡️Multiple Fed speakers in the line for observation, risk catalysts also eyed for fresh impulse. ⚡️Firmer US inflation expectations, according to 10-year and 5-year...
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...