Pair : DXY Index
Description :
Impulse Correction
RSI - Divergence
Symmetrical Triangle
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
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 :
Head and Shoulder as an Correction in Short Time Frame
Break of Structure and Retracement
RSI - Divergence
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
I'm closely monitoring the DXY (US Dollar Index) for indications of the dollar's trajectory into the weekend and early next week. The US dollar's influence on global markets makes the DXY a critical reference point for traders.
Given the strong correlation between many currency pairs and the US dollar, the DXY's current position at a key resistance level...
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
Pair : DXY Index
Description :
Exp FIAT as an Corrective Pattern in Short Time Frame
RSI - Divergence
Break of Structure
Completed " 12345 " Impulsive Waves
Demand Zone
➡️ Long-term #DXY analysis (March 11 - March 16)
We doubt US data will move the Dollar much today and instead, investors are waiting to see if Friday's February NFP jobs release does indeed correct lower from the strong gains in January and December. Consensus is around 200K and any lower would probably be good for risk assets in that it would allow the...
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
"The DXY seems to be retracing from 100.615 to take liquidity at 104.565, and we've observed significant price reactions in the area since Monday, November 13, 23. This suggests that the DXY is currently showing efficiency and may be inclined to move lower towards 99.559.
However, reaching 99.559 might face resistance due to a "shield area," which could...
Pair : DXY Index
Description :
Completed " 12345 " Impulsive Waves and " AB " Corrective Waves
Fibonacci Level - 23.80% / 32.80%
Impulse Correction
Rising Wedge as an Corrective Pattern in Short Time Frame
Demand Zone
Pair : DXY Index
Description :
Completed Impulsive Waves " 12345 " and " A " Corrective Waves
Break of Structure
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
RSI - Divergence
➡️ Macro perspective:
The US dollar index rose ahead of the GDP data but then fell again. This slightly weaker data encourages investors to hold risk assets, but the big data is the January PCE released today.
➡️ Technical perspective:
DXY produces higher highs, followed by higher lows, signaling the start of an uptrend. If DXY rises immediately, a break...
Pair : DXY Index
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line and Retracement
Break of Structure
RSI - Divergence
Completed " 12345 " Impulsive Waves and " A " Corrective Wave
Technical Outlook:
- The DXY (US Dollar Index) maintains a bullish trajectory within its broader uptrend.
- Recent price action indicates a retracement to a significant daily (1D) support zone.
- This technical setup presents potential buy opportunities in line with the prevailing bullish bias.
Trade Suggestion:
- Entry: Consider long positions upon...
The #DXY has been trending upwards, rallying late last week before pulling back. A potential long trade might emerge if the price finds support during this pullback. Higher timeframes show a consistent bullish trend with higher highs and higher lows. We're looking for a buy entry around the 50%-61.8% Fibonacci zone, but remember, trading is risky. This analysis is...
Given that the markets are either correlated or inversely correlated with the US dollar, I'm always looking at the DXY dollar index at the beginning of the week to see how it's shaping up. In this chart we can see that the DXY is bullish it has been range bound previously, however we saw quite a strong rally on Friday with the NFP data release. We can now see the...
Pair : DXY Index
Description :
Impulse Correction Impulse
Breakout the Upper Trend Line of the Corrective Pattern " BULLISH CHANNEL " in Short Time Frame
According to ELLIOT WAVES , It has completed " 12345 " Impulsive Waves and Corrective Waves " AB "
HEAD & SHOULDER as an Corrective Pattern in Long Time Frame
The dollar edged higher in early European trading on Wednesday, heading for its biggest monthly gain since September, while the euro edged lower after weak inflation data.
At 04:45 ET (09:45 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 103.352, on track for more than a gain. 2% this...
