H4 - Bearish trend pattern. Lower lows. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Hello Traders ! On The Daily Time Frame, The US Dollar Index Price Broke The Resistance Level (103.817 - 104.262). This Key Level Becomes a New Support Level. So, I Expect a Bullish Move. ------- TARGET: 105.320🎯
- Small pump then Dump. - Keep it simple. - Everything in graph. - Older analysis. 👇👇 Happy Tr4Ding !
Dollar Index is trading within a horizontal trading range on a daily. The price tested the resistance of the range yesterday and formed a doji candle on that. As an extra bearish confirmation, I spotted a double top formation on an hourly time frame. I think that the Index will most likely retrace from the underlined red resistance. Targets: 106.35 /...
The U.S. Dollar Index (DXY) has come the closest it's been to the 1W MA50 (red trend-line) in 6 months (since March 09 2023). So far the price action has shown a bearish reversal sentiment as the Higher Lows trend-line of the rally since the July 14 bottom, broke last week, but the 1D MA200 (orange trend-line) supported. This bearish sentiment will be confirmed...
waiting for the market to drop down to our zone where we will be looking for long position as the #dxy completes its fourth wave
Hey Traders, Long time no see. If you follow me already, you will notice that I draw my bias to trade USD pairs from the dollar index. My bias as you can see for this week is bearish. However, I expect a longer-term bullish move for the dollar. As the price has entered a weekly order block, I expect it to help force the retracement from the bullish...
ABCD Pattern with 0.382 Fibs and 1.27 past fib high, current probable 1.27 fib high, -0.236 past fib low and probable current -0.236 fib low. Interesting fibs. Target bottom approx 97.50 target top approx 111.80 Added the Speed Resistance Fan for confluence. Pretty much made up based on High and Low, not sure about this, but it does have confluence against the...
TVC:DXY CAPITALCOM:DXY 💥As DXY starts a downtrend, Euro and Bitcoin can experience a few weeks of strong growth💥 First target ---> 107.8 Second target ----> 102.9 Please share ideas and leave a comment, let me know what's your idea. CrazyS✌
After a significant sharp drop, US dollar index approached to the support level and got rejected from it. Currently, price is being pushed to the upside and is facing bullish pressure. It seems it is entering to the correction phase and is likely to pullback to the yellow resistance area. I think we might see some upside retrace and strength on US dollar for a...
DXY fundamental analysis The dollar tumbled after US consumer inflation data fell more than expected in October. Annual headline inflation ECONOMICS:USIRYY fell to 7.7% in October, from 8.2% the previous month and below the 8% predicted. The core measure of inflation ECONOMICS:USCIR , which excludes volatile energy and food costs, fell to 6.3% from 6.6%,...
US Dollar index is short, which means I'm only looking for long positions on the EURUSD
Similar Up Channels can be drawn, with the period in the middle being a period of low / no growth Early growth can be used as an indicator of future growth? The horizontal white line is a baseline, very strong support
The US Dollar Index (DXY), which had risen for three days, started to decline early on Tuesday morning, reaching 111.50. The index of the US dollar versus the six major currencies, which also tracks down US Treasury rates, reflects the market's concern ahead of the crucial central bank pronouncements and the US jobs numbers. The US dollar seems to have been under...
The price of gold has fallen significantly since it crossed the $1,670.00 barrier. The US dollar index (DXY) has become extremely volatile due to rumors that the Bank of Japan (BOJ) intervened in the FX markets to strengthen the Japanese yen, which has put some fair selling pressure on the precious metal. The Federal Reserve policymakers are expected to raise...
Based on the latest analysis, we can clearly see the trading range of the asset and the support thanks to the Fibonacci and Ichimoku cloud, that's why I believe this will be the beginning of a very strong hawkish rally, even a breakout of the resistance of the current trading range. GOLD will be affected as well, expect an analysis shortly...
After my latest analysis of the US Dollar Index, I expect the bearish GOLD trend to continue NOW! Once the gold reaches the key level (current resistance) trend will start. Risk - Reward 1:5, Good luck!
Just monitoring price at the moment to see if this is going to reject off support to also support my other trade ideas or are we going to push lower. Pick bottoms or tops is hard so sometimes its best to just wait for confirmation off some candle stick reversal patterns.