- Price retested at 105.0 levels and closed with an impulsive bearish move last week.
- As you see on the charts the last impulsive bullish move did NOT create any minor lows, so the major low at 104.0 levels becomes our inducement to confirm our new higher high.
- Also price left behind a huge liquidity void that needs to be refilled.
* We can predict the price...
Im sharing my idea about dollar index.
I am waiting a big impulsive wave,so this will make other pairs in move in our favor.DXY has respected my trend line and my support zone.This is the 3 wave and remember 3 wave is bigger than 1 and 5 wave so we have a long way to do.If anything happen with trend ill update my chart.Trade safe.
Hey Traders,
In today's trading session, we're closely monitoring the US Dollar Index (DXY) for a potential buying opportunity around the 103.700 zone. DXY, a key measure of the dollar's strength against a basket of major currencies, has been exhibiting a clear uptrend in recent sessions. Currently, it's undergoing a correction phase, edging closer to the...
Here is my latest structure analysis for DXY.
Resistance 1: 104.85 - 105.03 area
Resistance 2: 105.93 - 106.14 area
Support 1: 103.61 - 104.02 area
Support 2: 102.58 - 103.00 area
Support 3: 101.90 - 102.16 area
Support 4: 100.60 - 100.90 area
Consider these structures for pullback/breakout trading.
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DXY moving inside the bearish channel.
If price will break down the channel and support level then after retest I will Enter Short.
If price will pull back from Support level and trendline then I will open Long.
Fed has been keeping all interest rates unchanged which is not bullish for the dollar. Price had an odd rally to the upside on the daily timeframe which could potentially be the “head” of this head and shoulders play. Clear resistance to the left and if respected price can slide to 93.604 or lower to 89.352
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As you can see the price consolidating for a while and we should see what happens next.
By looking at the chart, we can figure out the price created the sell-side liquidity that formed as equal lows that can be smart money targets. In that case, I don't want to see the price go higher than the key level (107.675).
In addition, there is the hourly bearish FVG...
Fundamental
The US dollar looks poised for a pullback after its seven-week rally as Friday’s hot PPI print failed to spur gains.
Hotter-than-expected PPI (0.3% MoM, cons. 0.1%, prev. -0.1%) sent the DXY up briefly on Friday, then came down to a lower level than the pre-announcement level.
Although the DXY will remain high, further upside is...
HIE!!! your favorite forex analyst here. Please if you are looking to trade the EURUSD you need to watch out for the USDX 104.121 and 104.226 level which might cause a reversal into the overall direction of the dollar. Tomorrow might be a sell into the 104.226 or 104.226 level for the dollar during the Asian session and if that happens we'll see a retracement...
Hello,Traders!
DXY is trading along the
Rising support line
And the index will soon
Retest is so after the
Retest we will be expecting
A further move up
Buy!
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