The dollar index could not overcome the $91.018 High and went under support. If the price did not set a higher high, most likely the downtrend will continue and a lower low will be set Push like if you think this is a useful idea! Thanks for your support!
the index began to recover. The markets went down. a strong indicator. What do you think? Push like if you think this is a useful idea! Thanks for your support!
Look for rejections in this area and we can short to the area highlighted in the chart
What is clear is that USD is weak but also is clear that the market can't be unidirectional indefinitely. Usd counterparts started the year strong but the new highs (and new lows for the index) are marginal and lacking power. So far all that USD could do was to have some intraday correction and I think this is about to change and we will have a lasting...
I was pretty bearish USD till now and I wasn't disappointed by now and although in the long run I maintain my bearish outlook on DXY, at this point a drastic correction can be just around the corner. With DXY approaching a strong support and old congestion zone around 89, I think Dollar bears should be very careful. From the risk point of view also I can't see a...
wish you all the best.
Two weeks ago I said that I expect 92 support to fall , and now we have this break, and Dollar index is trading at 90.65 at the time of writing. More important is that DXY is now just above another support situated at 90.50. If we look closely at the chart we can see that after finding support at 90.50, USD Index made a short term double bottom that I've spoken...
As I correctly anticipated, DXY broke under 92 important support and that lead to a 1.5% loss for the index, a strong break above 1.2 for EurUsd and GbpUsd reaching 1.35. Now the index found support in 90.50 area and has formed a small double bottom visible on H1 chart. The neckline of the pattern is broken and we can expect a correction to 91.50 zone...
DXY Gonna Bullish, In 4hrs Index range lower low, RSI, Higher Low= Strong Bullish Divergence In Technical view, Dollar will bullish.
As I said over the weekend, I expect 92 support to fall, and if we look closely at the price action in USD major pairs we can see that each and every dollar's attempt to strengthen was sold by bears. Considering 3 months of consolidation above this support and the fact that the index is pushing and pressing down I expect this break not only to happen but for USD...
For 3 months now, DXY is trading in a range between 92 zone support and 94.50 zone resistance. Although the 92 support has not been broken yet, USD seems very weak with all rallies being very well caped by bears. I believe that this support will fall eventually and USD will spiral down to 88 support. In this context AUD, NZD, GBP, and EUR should be bought against...
If the important support level at 91.69 broken, the first target of Wave 5 can be considered 89.74
To break is my opinion... As I said in my previous analyzes, I'm bullish DXY. The index has clear support above 92 and at this moment is trading just in trend line resistance. I believe this resistance will give up and will see an upwards acceleration for DXY. My target is 96 with interim resistance just under 95 Usd should be bought on corrections against its counterparts
DXY , US INDEX ANALYSIS TVC:DXY ICEUS:DXY INDEX:DXY
DXY Due to the stimulus talks sluggishness has caused the DXY to reach the current bottom level and broad risk on mode helps the other major currency pairs against greenback but DXY has managed to re bounce from 92.477 And reached the upper side of the trend line and today DXY firmly broken the trend line too and 93.000 will act as major barrier for the bull....
👁 TVC:DXY ANALYSIS D1 🛒BUY above = 93.70 🎯Target1 = 94.10 🎯Target2 = 94.70 🛑Stop loss or 🛒SELL BELOW = 93