Price has formed a continuation pattern which Price might break before the close.
Hello traders, Dollar Index in 4-Hour Timeframe This analysis is prepared in 4-hour timeframe but has been published for a better view in 8-hour timeframe. The dollar index completely broke our previous analysis point in Fibo 0.88. And if this point is broken, we were supposed to consider this wave as wave 5, but from what we have examined, the most logical case...
Price corrected towards a resistance zone and now breaking out the pattern. Will be looking to sell now.
Price Is in a correction phase right now, once it breaks l'll be looking to buy.
Price is moving bearish for the moment but will it continue bearish or will it reverse and go bullish? Would like to hear what you think. OFFERING PSYCHOLOGY MENTORSHIP FOR $30
Price is correcting from an impulsive move. If you didn't enter before the market will surely give you a chance to enter.
Price is corrective right now, but l predict an impulsive move to the upside will occur. I'll be looking to be bullish on USD pair's. And with interest rate later on today l predict price will rise.
Will be looking on a break of pattern, then l'll be looking to go bullish on my USD trades.
Since January low under 90 figure, DXY has traded higher confirming this low as an important one. Also, since June, the price action is very constructive putting in higher lows on our daily chart. At this moment DXY is trading again in resistance zone and there is a high probability of a break here in the next few days. 95 zone is my target for the index
Even though US CPI was bad, price still seems to have bullish momentum. Will be looking for buying opportunities.
Price seems to be correcting forming a reversal pattern. With CPI coming later on l'd be cautious with my trades.
Price formed a double top on a resistance zone, this confirms that the dollar will weaken. Short term or long term is the question?
My first Idea, a theory as advertised..do with it as you will. higher time frame shows price action in the process of the left shoulder of head and shoulders pattern(as every short idea will let you know but can be seen on daily chart) . once price breaks out of wedge the short term direction will be clear(although more room for the downside than upside).. if...
Price was dropping since Wednesday, but the move was more corrective then impulsive which confirmed to me that price is still in an overall bullish trend. And PPI will be released in less than 30 minutes, the result will surely have an impact on the market.
THE NON-farm pay roll will impact on the dollar so this is my own projection and analysis for the dollar. support/deman zone for order block formed. Let's await NFP ,so all XXX/USD may experience Bearish movement! Not a financial adviser, just an analysis for NFP.
Last week we saw a breakout of previous yearly high on the DXY. We might see a new lower high before continuation of bullish trend or a rejection around the marked resistance zone and a shift of market structure.
Hi there, DXY is setting up for an ABC correction to prepare for next move higher, Look for sells now on dxy to prepare for buys on long term. Good luck
27 JUNE 2021 DOLLAR INDEX MY VIEW- N.B- DXY chart create Bullish butterfly pattern. When market create candle contamination on 91.300 support zone. Then the market goes up to 92.355 and 93.270 resistance zone. If breakout 31.300 support level then dollar index buy case invalid. And down to 90.663 level. AronnoFX will not accept any liability for loss or...