Dollar Index prices are still in an uptrend. There is a chance that the price will test the 107.14 resistance zone. If the price cannot break through the 107.14 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
25th April DXY: Needs to stay below 105.90, look to break 105.60 to trade down to 105.20 NZDUSD: Sell 0.5935 SL 20 TP 40 AUDUSD: Buy 0.6540 SL 20 TP 75 USDJPY: BOJ MEETING TOMORROW Sell Order 155.20 SL 20 TP 145 GBPUSD: Look for reaction at 1.2540, Buy 1.2560 SL 30 TP 75 EURUSD: Sell 1.0715 SL 20 TP 85 USDCHF: Sell 0.9115 SL 20 TP 50 USDCAD: Sell 1.3655...
DXY (Dollar Index) has formed a big ascending channel on the 12h-1d charts. It looks like it might go back down to the lower end of this channel. If the DXY drops like it usually does alongside crypto movements, this could really kick off another rally in crypto. Keep an eye on it!
Top-down analysis for Dollar Index. Price action after US PMI report. Important key levels. Potential scenarios. ❤️Please, support my work with like, thank you!❤️
I have done a lot of DXY posts, and if you read many of them, you have read my historic observations that Risk (Indices, Equities, etc) typically tops on a DXY wave 2. Not typically the Primary, but often the Minor, or even Minute waves 2...since a deep wave 2 can be confusing as heck to anyone who believes sniffing the dollar out is essential to successful risk...
Current position of DXY is at 105.700 the next target is expected to 105.600 it may reverse to 105.830 then our target is 105.500 to 105.300 to the main support level if it breaks first resistance level then it can fly more so stay focused on bullish This analysis suggests potential trading opportunities based on current market dynamics and key price levels....
If DXY TOP is in it will drop back to the lower diamond shape pattern. - If the scenario plays out: Long risk assets Long Bitcoin, Ethereum, GMX and JASMY
Based on my last post, I was neutral overall but still wanted to see a minor bullish increase upto the old volume imbalance located @ 106.600 which we got. The current market conditions mean that it’s a bit more tricky to guess a bias long term without more market information as all the dollar has done was sweep buyside before sweeping sellside. The outlook on...
23rd April DXY: Likely to range between 106 and 106.40, needs to stay above 105.80 NZDUSD: Sell 0.5895 SL 15 TP 30 AUDUSD: Buy 0.6465 SL 25 TP 70 (Aud CPI Tmr) USDJPY: Sell Order 154.70 SL SL 20 TP 80 (wait for price to break above 154.85 before setting order) GBPUSD: Sell 1.2370 SL 20 TP 60 EURUSD: Look for reaction along 1.0760, rejection, Sell 1.0715 SL...
Please, check our technical outlook for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 105.841. The above observations make me that the market will inevitably achieve 107.241 level. P.S We determine oversold/overbought condition with RSI...
A correction is expected to form up to the specified support area and then a continuation of the uptrend is established. If the index crosses the support range, it will be possible to continue the correction process until the next support range
The dollar index held around 105.6 on Wednesday after losing 0.4% in the previous session, weighed down by cooling US private sector growth which supports the case for Federal Reserve interest rate cuts. Data showed that US business growth slowed and signaled only a slight expansion in April as both manufacturing and services activities eased. The greenback also...
In the current landscape, the Dollar Index (DXY) displays signs of a potential turnaround. Despite an unanticipated fall in retail sales, the DXY has managed a climb, posing a dichotomy against the backdrop of the economic narrative. Its advance within the bounds of a recently formed trading channel underscores the market’s complexity. Technical Take: The DXY...
doubt this bubba has lefs expecting a reisting of breakout area followed by a loss of support resulting in a deviation IF not then big hammer above is where we would likely have tonnes of liquidity and reverse there above that God help us:)
Here is our detailed technical review for DXY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 105.696. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 105.096 level. P.S We...
The dollar is definitely under a lot of pressure at the 106.00 level. This led to a bearish impulse at the 105.70 level. We may see a continuation of the dollar index's pullback to better support. The potential target is EMA20-daily (105.20-105.40); if we do not get support there, the next target is EMA50-daily (104.60-104.80).
hello dear trader I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon i think the yello area is the best place for open...
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