This is DOLLAR INDEX (DXY) MONTHLY ANAYLSIS..
DXY Imminent Skyrocket
Price is buying from Panic Zone (0 -382%) INSIDE MONTHLY DEMAND ZONE (PREVIOUSLY SUPPLY ZONE)
We expect price BREAK 0% AREA (WEEKLY SUPPLY ZONE) and continue buying to TP1 A AND TP 2 B AREAS.
TRIGGER: WAIT PRICE BREAK 0% AREA (104.620)
When it's triggered, I suggest to open ...
Today's focus: USD Index
Pattern – Continuation
Possible targets – 105.60
Support – 103.40
Resistance – 104.20
Today’s update is on the USD index. Do we have a new uptrend? For us, we want to see resistance beaten. If we can see a break, this could set up a new move to 105.60 and a break of that level take price out of its consolidation range and gets an uptrend...
USD vs BTC
Equilibrium, Art of Trend Analysis
If we always see that USD is always opposite to BTC, it can be said to be true, as there is a proven occurrence of a gap indicating a divergence between these two assets. However, it is important to understand that creating a divergence (opposite movement) requires an equilibrium phase before the occurrence of...
DXY analysis is still in accordance with last week's analysis, currently still looks bullish with the notation still unchanged. The invalid area is in wave 2, I assume if the price drops more than wave 2 then the Elliott notation will change and there may be a trend change.
The mid-week DXY looks in accordance with the initial analysis, experiencing bullish entry into the impulse wave, if now is the period of wave C, and wave C usually consists of 5 waves, then wave 3 has at least the same length as wave 1. we can estimate the movement of the wave 3 using the Fibo Extension.
With USD News due at 5:30 AM Pacific Time for me, I expect this Minor Resistance Level (see chart annotation) to get some attention from Price Action.
Now, an uptrend retracement is likely to continue if Price Action closes above the Uptrend Anchor Break at 101.0460.
However, if price action: (1) stays below 100.9750 AND (2) closes below 100.7880 (Downtrend...
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Please note that any trading...
USD Index, could we have a new leg lower, kicking off traders? Yesterday we saw a third straight decline as sellers rejected an earlier move and took back control. It was a commanding move lower as we saw sellers break and close below 103.35.
This move also beat 103.48 support and set a new lower low after the trend break. This move maintains the run of lower...
* Here we can see clearly the next moves for USD index ( DXY ),
* We can see clearly the Bearish Divergence on the RSI indicator,
* This shows us more confirmation for our U.S. indices Strop Bullish Move,
* We're using H2 time frame for a clearer view of our analysis, hence we can't predict the duration of our analysis to occur,
* Keep a close eye on U.S. indices...
USD index has formed divergence.
Looking at the daily chart, we can see a familiar pattern forming between price and the 10 CCI. This pattern is called regular divergence, which can tell us that a possible reversal could develop.
In today’s analysis, we have run over the divergence pattern we are watching and Friday’s price action, which might give it more...
On Monday, Dxy made a new low at 101.50 and since then the Index started to consolidate in a pretty tight range.
Slowly bulls seem to find some life and an up continuation could be next.
The short-term target for such a rise is the 103.20 zone resistance.
I'm bullish as long as 101.50 is intact
The death cross is a chart pattern that indicates the transition from a bull market to a bear market. This technical indicator occurs when a security's short-term moving average (e.g., 50-day) crosses from above to below a long-term moving average (e.g., 200-day).
Nothing is 100% in trading, so you should not blindly trade this indication. Like all forex charts,...
Hello friends. I hope you're enjoying your holiday with your families and friends. Was just looking at the charts and found out that our DXY setup is still playing along. Happy New Year!
