DXY or dollar index had saw a nice bullish momentum for the upside, and that because of the inflation and the delta between dollar fed fund rate and the other foreign currencies rates. last week a ECB member told the press that the ECB will start to raise rates gradually this year to fight against inflation, this will narrow the gap between interest rates. DXY...
This is a chart of the U.S. dollar currency index with Fibonacci Retracement levels applied. These Fibonacci levels take the entire history of the dollar index into account as they were drawn from the all-time high in 1985 to the all-time low in 2008. On the bottom is the monthly RSI. It is extremely rare for an asset to create bearish divergence on a timeframe...
DXY can comes down it can be good for currency pairs with us dollar and crypto currencies what is your idea?
DXY create higher high & lower high; bearish divergence pattern. in technical view dxy need a correction. I also see another view of dxy; dxy create bearish butterfly pattern.
The price of the usd dollar of America will collapse soon as you see in analysis we are now in wave 2 of wave c and soon we will enter wave 3 with hard crush movement soon.
DXY U.S. Dollar Currencey Index bearish triple top pattern expect a rollover in the comming weeks!
Hi guys. DXY broke its high, but it meet the top line of the wedge now and it will be hard to break that. Hard to say, But I think it will push DXY lower again to touch the bottom line of the wedge. So, I am bearish on DXY again and will short USDJPY, USDCAD and USDCHF. Take care fellas. Trade safe.
DXY could be heading for a deep correction down to 95-96 range. Bull target reached.
Trade Idea: Selling DXY Reasoning: At key long term resistance, looking for a temporary move down Entry Level: 105.54 Take Profit Level: 104.66 Stop Loss: 105.860 Risk/Reward: 2.751 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in...
I have published my bullish case scenario for DXY in my previous analysis. Now I'm looking at 4h and 8h timeframe and noticed M pattern with bearish divergence in 4h and rising wedge + double top with double top with bearish divergence. If this scenario plays out, it means as I mentioned in my previous analysis BTC bottomed at 17.5K on 18.06.2022 and starts its...
re test again usd and ready for dump divergence in rsi green candle no momentum for cover red candle
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Good Evening Everyone! 😃 I hope you are all having an amazing Sunday! Not much to add here, it's all in the charts: on top you can see a potential double top forming on the weekly DXY chart (top) and the yellow lines indicate that Bitcoin (bottom) went on rallies that took the price to new All Time Highs when the USD went bear. I would like to add that...
Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for DXY on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
We are in a massive descending channel since some time in the 1980s or so. The idea shows how our dollar may return to the orange trendline and continue on its way up until summer 2024 or so. Are bears here to stay until 2024? In my opinion: The sooner we reach the top of the channel, the better. Most of us hold stocks and crypto lol... Mostly posting this so I...
Thinking we finally have a 5th wave top in here, I was expecting $106.60 to be the final blow off top and that is still on the table. But as for now the ABC correction seems to have started. If this move proves to be yet another extension I would expect $106.60 plus to get tested b4 the predicted correction ensues.