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...
DXY has suffered from continuous loss in the past few days and broken previous up trend channel which was formed not long ago and seems to heading back down again. Currently it is on a level that's previously proven to be so so strong as support, including the sudden drop happened on 13th, Aug which got supported back up from current position, will history happen...
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...
I made some significant loss this week so I decided to check my DXY analysis seriously before the big US events... In general, if the market moves healthily, it should really move towards what I initially thought - maybe I was just waiting too impatiently this week! On weekly chart like previously spotted, the beautifully formed W chart on the weekly should...
Hey t radomaniacs, DXY trying to break the trendline 👉 snapshot The US-DOLLAR is moving very slowly and is dancing at the 4-H-Trendline after an attempt to break through. Watch this level carefully as this is the quiet before the storm.🙏 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget...
DXY had its final victory on Friday after a roller coaster alike days of moves last week. What I think is that it has reached to a temporary level of bottom and now should continue up after a few days of consolidation before heading further north for at least next few weeks. For this week I don't see any major economical data that can influence the US movement,...
DXY had a weak week last week till the last day which saved it from sinking further. The RSI on weekly is still intact above 50 (51.3+), daily is on the way back to 49 so there' might be some good long momentum to be expected in the next day or few more. The immediate resistance is very strong, at 92.530, which is not only multiple weeks lows and highs (hence...
I am having nasty red figures across my accounts this week, - having dropped my last week's analysis and been wrong on DXY directions since the beginning.... And it got worsened by the negative US economy data day by day This is a simple analysis based on Fibs and historical support/demand zones. If us dollar still can't find buyer at this level (91.83) it will...
I expected DXY to go up yesterday impatiently having discovered that it had not breached the daily 20MA in the past week, only a few hours before it got breached ruthlessly. :D But not yet convincingly broken. Today I'm watching closely on DXY again as there'll be many dances throughout the day. My personal opinion on this one is to stick with what I spot...
seems there's no more down beating drum for DXY (as far as I believe). it stayed above 20MA on daily in the past whole week whenever it got the chances but simply didn't break through. On 4H it also showed similar act against 100MA. it has now reached to the very edge of the lower end of newly formed rising channel so I expect it to rise if no major news event...
Depends on this afternoon's US data, it may either break the trend or support it back up significantly It's near the edge of previously formed ascending triangle and close to a formation of W pattern on daily chart. If US data is not that bad, I expect the trend line not to be breached. Note: I do not trade DXY. GL.
It's a nice W on weekly chart, and completed a 0.5 fib retracement/correction in a day against weekly gains. I expect the DXY to go back up very quickly within this week. It may drop a bit to 92.168 again but I wish it not lower which invalidates my analysis. I also expect it to be a quiet Monday and if goes further may experience consolidation for further few...
I use DXY only for analysing other pairs. Yesterday's impulsive rise did not break 91.905 which is high of the ranging zone, so I suspect the consolidation will continue (may be up to Thursday). It can go down if falls below 91.663 again and breach 91.500 which I doubt seriously consider the recent two failures of attacking the 91.530 area. So that leaves me to...
Dollar Index - H4 - Steady and consistent uptrend on the hourly timeframe on DXY. We're expecting a dip early on next week then a strong rally later on in the week.
Gday Guys. It's Friday. Today we analyze USDOLLAR Index. The main reason we analyzing this pair, because we would like to know the current condition of USD Currency performance. We see on the USDOLLAR or DJ at the moment, it was created an Extreme Demand Zone (EDZ) on May 10 at 11655. This the starting point bullish trend slowly build-up which is we getting...
DXY is ready to reach $94 , atleast
price has broken strong resistance zone which turned our support after the retracement, i expect a nice move to the upside