🏃♂️The DXY index is moving in the 🟢 Support zone($103.78_$102.93) 🟢 near the SMA(200) and 1 00_SMA(Weekly) . 🕯If we want to look at the last three daily candles of the DXY index from the candlestick pattern, we can see the reversal patterns of Hammer and Morning Star very well. 💡Also, another sign that shows us the end of the downward trend of the DXY...
Exactly 1 month ago we made a bearish call on the U.S. Dollar Index (DXY) after the 1D RSI printed a series of Lower Highs, showcasing a Bearish Divergence: Target 1 (103.650) has been hit as the price touched the Pivot trend-line of the 11 month Megaphone pattern. We are moving Target 2 higher at 102.500, which is still near the 3.0 Fibonacci extension (the...
Pair : DXY INDEX Description : Completed " 12345 " Impulsive Waves and " A " Corrective Waves will be Completed at Fibonacci Level - 50.00% / 61.80%. It has completed the Break of Structure and Retracement at Daily Demand Zone Entry Precautions : Wait for the Proper Rejection
Inflation released this week is expected a difference of 0.1 and 0.2. The written analysis over past months was correct and here's why. Since Inflation highs in June 2022 at 9.1 and 15 months later to current 3.7, each Inflation release averaged 0.36. The actual drop for each Inflation release was 0.1 and 0.2 and failed to meet or exceed the 0.36 average. The...
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave at Fibonacci Level - 38.20%. Bearish Channel as an Corrective Pattern in Short Time Frame with the Rejection from the Upper Trend Line it will reach Lower Trend Line / Demand Zone to complete its " z " Wave Entry Precautions : Wait for the Breakout / Rejection
After the latest monetary policy meeting, financial markets reacted to statements from US Federal Reserve Chairman Jerome Powell and the Bank of England (BoE). These reactions led to large changes in bond yields and the value of the dollar. After the Federal Open Market Committee (FOMC) meeting, markets tilted toward a cautious interpretation of Powell's remarks,...
Pair : DXY Index Description : Completed Impulse and HH - HL , Rising Wedge as an Corrective Pattern for Trend Reversal it will Follow LL - LH until it completed the Retracement for the Wedge and Break of structure. Demand Zone at Fibonacci Level 38.20% can React as strong Support Entry Precaution : Wait until it Rejects with Strong Price Action
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and " A " Corrective Wave , It will Complete its " B " Corrective Wave at Daily S / R Level. Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retest Entry Precautions : Wait until it Completed Reject the Falling Wedge or S / R Level
Here is my analysis for DXY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Pair : DXY Index Description : Completed the Breakout of the Daily Descending Trend Line But it hasn't Completed the Retracement. Making Corrective Wave " B " in LTF and STF. Break of Structure , Broke and Retraced Previous Resistance. Divergence - RSI Entry Precaution : Israel / Palestine War is affecting the Market , It is unstable so be careful and Use...
The U.S. Dollar Index (DXY) has formed Lower Highs following the October 03 High and is approaching the 1D MA50 (blue trend-line), which is the first level of Support and has been intact since August 10. This pattern started after the 1D RSI formed Lower Highs (September 27 and October 03), while the index was still on Higher Highs, thus a Bullish Divergence. The...
Federal Reserve Chairman Jerome Powell said that although inflation has cooled, the Fed remains committed to achieving its 2% target. In a speech in New York on October 19, Chairman Jerome Powell acknowledged that tightening policy had brought inflation back under control, but stressed that the Fed must remain cautious in pursuing its goals. . “Inflation remains...
As you can see in chart DXY filled the gap and GBPUSDT at daily demand there is big chance DXY should and also created SMT which you can find below.
Economists said the Fed had completed its monetary tightening cycle, reducing the chances of the U.S. going into recession. In the Wall Street Journal's latest quarterly survey, economists and business leaders lowered the odds of the U.S. going into recession next year from an average of 54% in July to a more optimistic 48%. This is the first time since the middle...
Hello traders, we want to check the DXY chart. The price has broken the ascending channel to the bottom and pulled back to the key level indicated. We expect this level to play the role of a resistance level and the price will fall to around 105,600. Good luck.
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Impulsive Waves " 12345 " and Corrective Wave " A " Completed. We have Break of Structure with the Retracement , It can Reject from Fibonacci Level - 50.00 / 61.80%. Bearish Channel in Short Time Frame it will Complete its Retracement and will Complete its " B " Corrective Wave Entry Precautions : Because of...
DXY Index is running near the Uptrend line and 🟡 Price Reversal Zone(PRZ) 🟡. According to the theory of Elliott waves , the DXY index has succeeded in completing its 5 ascending waves near the 🟡 Price Reversal Zone(PRZ) 🟡. 💡Also, we can see Regular Divergence(RD-) between two consecutive peaks. 🔔I expect the DXY Index to trend lower in the coming hours...