DXY Technical Analysis: Bearish Gartley Pattern Signals Short-Term Reversals
The DXY (U.S. Dollar Index) has recently completed a bearish Gartley pattern, suggesting the potential for a short-term reversal in trend.
The DXY may also test the 106.50 level before resuming its downward movement.
Focus on FOMC:
Since the pattern’s completion, market attention has...
Technically speaking USD has been ranging from 100 to 105 for a long time. it had an up break twice but got rejected. This time is different and that is due to the break not getting rejected.
Market move showing a big bull run incoming targeting 110 area. Expecting FED to keep rates steady due to GREEN CPI readings making them kind of unable to do so. The only way...
🏃♂️The DXY index is moving in the Ascending Channel and seems to have broken the 🔴 Heavy Resistance zone($105.88-$104.65) 🔴, and is currently moving in a small Descending Channel and making a pullback to this zone.
🌊According to the theory of Elliott waves , it seems that the DXY index has succeeded in completing the Zigzag correction(ABC/5-3-5) inside...
Hey folks,
Exciting developments in the world of trading! 📈📉 The dollar index just made a significant move, breaking and closing below a major daily support level. 🚀 What's more intriguing is the response afterward—a bullish retest that's met with a strong bearish reaction. 🐻💥
This could be a game-changer, indicating a potential downward trend in the dollar...
Hello my fellow trader, financial market analyst, Cryptocurrency lover; readers and supporters, how are you feeling today?
Conclusion?
👉 The DXY is bullish!
(You know what this means?)
Let's read the chart together for learning purposes, fun and entertainment, or just to clear any doubts regarding my conclusion statement.
Feel free to boost before...
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:)
The DXY has made a bullish reaction off the pivot and could potentially bounce higher towards the 1st resistance.
Pivot: 105.52
1st Support: 105.08
1st Resistance: 106.29
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable...
Price action analysis for DXY.
Important key levels.
Potential scenarios ahead of FED interest rate decision.
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We expect DXY to rally this week, our first target is the old high at 106.20.
If the dollar stays strong, we have even higher upside targets of 106.5 and 107.20 in the near future.
A higher dollar suggest a risk off scenario, hence we could see lower prices in other assets eventually.
This is no financial advise! Do not risk real money on any idea published by us.
Considering that the support trend line has been broken, as long as the price fluctuates below the green resistance range, the continuation of the downward trend is likely
The US dollar will continue to rise with decisions that overshadow the interest rate reduction expectation until the US dollar announces its decision to reduce interest rates.
The American government stands at a critical point between crisis and growth. Even though it is reaching a crisis point in terms of debt and the course of the world, it is trying to keep...
The US Dollar Index struggles to retain the rebound from last week’s low (105.41), but DXY may attempt to further retrace the decline from the November high (107.11) as a bull-flag formation takes shape.
DXY Outlook
DXY appears to be stuck in a narrow range after pushing the Relative Strength Index (RSI) into overbought territory for the first time in 2024,...
Pair : DXY Index
Description :
Bearish Channel in STF
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
RSI - Divergence
Bullish Channel as an Corrective Pattern in Long Time Frame
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....
Taking out two previous days' lows and reaction on H4 FVG. Once the price closes above IFVG and creates a potential breaker ( could be during the news) then I see the potential for the buy side. targets.
🟠Rules
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your...
