dxy is here at a key level once again a break here we could see another push down to that 104.4 level first then 104.200 area and if it fails to break back up we could see continued downside on the flip side if it holds here we could see the dollar get strong but at the moment its still a bit bearish so there will be some nice usd trade setups
If today ends up as a buyer's bar, because we already have the higher high and lower high, dxy will be in phase 2. Else. No. Excited to see a possible ring low form.
Looking for a bottom in DXY and using the fib extension tool for possible targets past new highs (new highs are target 1 for longs)
The index broke a strong resistance area and retested it, turning into a support area I expect more upside in light of the economic news that supports the strength of the dollar
Yesterday, the US Department of Commerce released data showing a sharp drop in the month-on-month rate of durable goods orders in January, indicating weakness in the US economy and raising concerns in the market about the US dollar. As a result, the US dollar index fell yesterday and returned to its original trajectory from last Thursday. As the price returns to...
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Hola, got rejected earlier than i thought but corn still hanging around closed below daily 200 ema and currently attempting to reject/reclaim recon we go down to white line or 103ish at least where the reaction will be telling on the flip side reclaim this 200 ema and carry on up
🎯 I will be looking for longs on the USD below 50% weekly range 🟧Entry basics Never enter blindly on the level. Always put everything in a higher timeframe context. The level must be violated and the price has to do a pullback and Break of the structure. Then you look for the entry on the order block or FVG above/below 50% pullback. SL is above swing high...
Dollar Shorts A look at a bumpy ride for the dollar. Back to support levels?
Hello guys, This is an update of previous analysis (blow link). Everything is marked on the chart like always. The market has moved as we expected, moved up and rejected from the resistance zone. For now I expect another try to break and rejection again. The resistance zone is 105-105.600 and there we can entering safe in the Gold , Euro , Pound and etc. So...
Support zone and higher low make it possible to catch the 120. Trade safe and easy.
Sell Strategy -RTM Strategy Confirmation -Double Top
The weekly rebound resistance of the U.S. dollar index is a nightmare for the stock market and the currency circle. Whenever the U.S. dollar index rises, the stock market and the currency circle will usher in a decline or plummet!
This morning I watched as the dollar went above the 20ma weekly and it immediately got rejected. Here is that moment, where I knew the reversal is most likely coming if not 99% based on experience. www.tradingview.com Now I believe this is the beginning of a move towards the bottom of the bollinger bands. Forget about the narrative about inflation, rates, and...
Bull or What ? we expected the price to react to lower band f its channel .
Either way I see DXY lower a year from now...perhaps much sooner. I see two basic paths right now...hard to know which will play out...but I am scalping short right now.