Closing of the day or week below or above this level will determine the DXY movement. Before this jump in the last analysis, I wrote that divergences were formed and that dxy should now jump. News along with divergences pushed the price. If the price keeps this level, the expectation is 108, as was the plan all this time, but we will see what the price shows
✅The DXY index managed to break the Uptrend line and 🟢 Support zone 🟢. 💫Currently, DXY reacted well to the Resistance line and formed a 💫Shooting Star Candlestick Pattern💫 near this line in the 1-hour time frame ⏰. 🔔I expect the DXY to trend lower in the coming hours , enter the 🟢 Heavy Support zone 🟢, and fall to at least the 🟡 Price Reversal...
Earlier this week, the safe-haven dollar strengthened against the euro as military clashes between Israel and the Palestinian Islamic militant group Hamas raised concerns that the conflict could spread beyond Gaza. However, the dollar weakened against other major currencies. Yesterday, Israeli Prime Minister Benjamin Netanyahu said Israel's response to the...
Pair : DXY Index Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Breakout of the Upper Trend Line and Retracement. Completed " 12345 " Impulsive Waves and " A " Corrective Wave. We have Strong Divergence and Break of Structure Entry Precautions : Don't Enter until its Rejects from Previous Support or Complete its Retracement
DXY broke the ascending channel and moved lower. However, the trend is bullish. Price action is slowing as it approaches support. We expect the price to go lower from the previous low because we don't have a proper higher high, and in order to make new highs, the price has to go lower. ------------------- Share your opinion in the comments and support the...
✅The DXY Index has managed to form a Head and Shoulders Pattern in the 🔴Resistance zone🔴. 🔨DXY broke the 🟢 Support zone 🟢 and Neckline hours ago. 🔔I expect DXY to start falling again to 🟡 Price Reversal Zone(PRZ) 🟡and Uptrend line after completing the pullback to Neckline . U.S.Dollar Currency Index ( DXYUSD ) Analyze, 1-hour time frame⏰. Do not forget...
The DXY (U.S. Dollar Index) is on a strong 3 month rally that has taken the market by surprise. However if we look on the (much) larger time-frames such as today's 1M (monthly), we see that this move wasn't so unexpected. First of all, the price rebounded just before it hit the 1M MA50 (blue trend-line). On a large scale, DXY is simply extending the Channel Up...
Pair : DXY Index Description : Breakout the Upper Trend Line of the Consolidation Phase and Completed the Retracement. Completed Impulse and Corrective Waves " ABC ". It has Breakout the Upper Trendline of the Corrective Pattern Falling Wedge in Short Time Frame
DXY is in a bullish trend and broke and closed above the 106.000 level. Price action is trading in the ascending channel. If price pullbacks to support level,we can look for buying opportunities. We expect the resistance zone to be tested because the price broke a significant level of resistance. ------------------- Share your opinion in the comments and...
Based on Dxy's recent movements over the past 2 weeks, there hasn't been a noticeable correction. Despite the fact that the price has reached Fibo Extensions 1, it's likely that there will still be an upward trend towards a price of 109,000.
Pair : DXY Index Description : Completed Impulsive Waves " 12345 " and " a " can Possibly Reject from Fibonacci Level - 38.20% / 50.00%. We have Bearish Channel as an Corrective Pattern in Short Time Frame with the Breakout of the Upper Trend Line and Retracement
Pair : DXY Index Description : Completed " 12345 " Impulsive Wave and it will Complete its " A " Corrective Wave at Fibonacci Level - 38.20% / 50.00%. It has Breakout the Upper Trendline it can Reject from the Current Resistance to complete its Retracement
🏃♂️The DXY Index is moving in a 🔴Heavy Resistance Zone🔴. 🌊According to the theory of Elliott waves , the DXY index is near the end of five impulsive waves . 🔔I expect wave 5 to end near the Resistance line and 🟡 Price Reversal Zone(PRZ) 🟡 and start to fall. DXY Index Analyze ( DXYUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your...
Pair : DXY Index Description : It has completed the Impulsive Waves " 12345 " and Making its " A " Corrective Wave. We have Break of Structure with Retracement it can Reject from Fibonacci Level - 38.20% / 50.00%
Hi everyone👋. 💡The DXY index managed to break the 🔴 Resistance zone($103.80-$103.38) 🔴 last week. 🌊According to the Elliott wave theory , DXY completed the Zigzag correction(ABC/5-3-5) with the Expanding Ending Diagonal . 🔔I expect the DXY index to go up in the 🌙Coming Months🌙 and break the upcoming 🔴 Resistance zones 🔴 one by one. U.S.Dollar...
In my 24th of August DXY analysis, I explained why I'm bullish USD Index and suggested buy dips around 103 support. It worked like a charm and after a short dive to support, bulls returned with vengeance and drove the price back up to resistance. At this moment I expect also a break above this resistance in which instance traders could expect continuation towards...
The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed...
Ever since the greenback (DXY) hit the year's (2023) low at 99.595 on 14th July 2023 the price has steadily rise from the base of the descending channel and attempted to breakout on 17th August and finally broke out last Friday, 1st September on the back of the NFP fundamentals. Last Thursday daily candle closed above the EMA-200 and also broke out of the...