Today I am charting the The US Dollar Index (DXY) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern. If the DXY breaks out of the descending parallel channel,...
⚠️ - This idea is based on my technical analysis only. Do your research and trade on your own risk!
US Dollar index at a huge level of resistance so may give a push down to back the other currencies I'm looking at trading, USD index to push down would give EURUSD a nice upside move! Also a weaker US dollar will back my short bias on USDCAD. Anyone that doesn't use these index's as a reference I think should, it gives a good indication of how that currency is preforming.
29 NOVEMBER 2021 DOLLAR INDEX MY VIEW- N.B-DXY chart create bearish butterfly pattern. So market seems bullish to 96.440 resistance zone. Then market down to 95.828 and 95.114 support level. If market break out 97.037 resistance level. Then this case is invalid.
The Dollar index topped 96.00 last week and is now retracing. The bulls can potentially push price higher again if price can stay above the higher low at 95.51. In this video, I've also added USDDKK which is a positively correlating currency pair. Take look and be sure you're following me here on Tradingview and Youtube(SLFX Trading). Have a safe trading week.
This is a chart for the USDOLLAR, which has been inverted to display the nature of a symmetrical triangle Price can be seen to enter and exit on opposite sides Using this assumption we can say that price will rise, at it climbs to exit the triangle (inverted)
Today I am charting the The US Dollar Index ( DXY ) on a monthly chart over a multi-year period. The chart shows a long term descending parallel channel (generally bullish), which the DXY has been trading in. Most recently it has broken a multi-year resistance zone, created through a double bottom pattern, and now looking to test the top of the channel around...
if dxy can stay below that red resistance probably we can expect dxy going for wave 2 and get a bearish trend for correct at least 50% of his wave 1 that i mention saty safe and positive in market if u like may idea follow and smash like plz
DXY chart short term create heat and shoulder pattern. So market down to 93.920 & 93.600 zone. If the market break out 94.500 resistance level then this case is invalid. AronnoFX will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes, charts and buy/sell signals If...
The Dollar, finally after the release of the NPF last Friday seems to be starting to breathe today after the last sessions in which the price has fallen inexorably. We can also see that EUR/USD today started the session with the USD in recovery, link in the description. As for this chart, we can technically analyze that the price has been in a rising trend for...
Hey tradomaniacs, So... the market was waiting for Powell and got the so called "Nothing Burger". Powells Key-Notes: 1️⃣ Clear progress towards foll employment. 2️⃣ Could be appropriate to begin with tapering this year. „My view is that the „substantial further progress“ test has been met for inflation. There has also been clear progress toward maximum...
"The US dollar index extended its upward momentum to, close to levels not seen since the end of March benefiting from a safe-haven bid on fears that a surge in infections of the Delta variant could derail the global recovery and a batch of mixed economic data. Retail sales in the US declined more than forecast in July, with the core index also posting an...
An absolute monster bearish setup is underway for the TVC:DXY . Inflation is coming! Is this the crisis that initiates the inevitable switch to digital currency? Everything shared here is my own opinion and no results are guaranteed. Good luck!
It appears the usd has some room to run still until it reaches a higher time frame resistance area. I expect a volatile week because of significant event risk. inflation and J Powell is on the docket. In my opinion. To start the week, I expect the dollar to continue to fall towards near term support. The usd is vulnerable under 11850.00,in my opinion, and may...
Multi time frame USDX analysis from 1985-today.
DXY chart create Dubble Top pattern. So, when market breakout 90.200 RISISTANCE zone. Then the market and go up to 90.431 and 90.850 risistance zone. If breakout 89.788 support level then dollar index buy case invalid.And down to 88.937 level. Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any...
Dollar index chart break out support zone 92.500 level and retest that zone. so, now its possible to reach 92.000 ,91.680 .up to 91.450 level. dear Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied.
Dollar in Range and will break either side after Accumulation or Redistribution of Prices