US Dollar Index (DXY) Update- Small pump then Dump.
- Keep it simple.
- Everything in graph.
- Older analysis. 👇👇
Happy Tr4Ding !
DXY The Fake Dance- One of the most important barometers for global currencies and markets in the world.
- Most of the time DXY is a well used machine to supress markets (forex, stocks, cryptos, etc..)
- When they don't start the printing machine, DXY keeps is strength.
- When they start to print DXY starts to dip an
USD/CHF to lead DXY higher, AUD/USD, EUR/USD lower?Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance.
Out of the FX majors, USD/CHF looks ready to break above resistance and
nothingchangehere Chart Pattern Analysis Of DX1!
It seems that the bear market of DX1! had started earlier.
And the present market is most likely in a consolidation process.
That is a running downtrend flat.
The continuously increasing supply pressure and long candle body verified it.
The price touched a nearest support,
Every rebound of the m
Chart Pattern Analysis Of DX1!
K1 and K2 is a strong bearish dark cloud cover pattern,
If the following candles couldn’t close below K2 to verify the strong momentum.
It will be a good place to buy here.
If the following candles close upon the resistance,
It is a second good place to buy in.
K2 is also a potential right top o
Bearish Elliott Wave Sequence in Dollar Index (DXY) Favors DownsShort Term Elliott Wave in Dollar Index (DXY) shows incomplete bearish sequence from 4.17.2024 high. Down from there, wave 1 ended at 104.08 like the 1 hour chart below shows. Rally in wave 2 unfolded in a double three Elliott Wave structure. Up from wave 1, wave (w) ended at 104.79 and dips in wave
USD DOLLAR possible long for short term4h time frame price tapped demand zone. suspect bullish for 105.60. if price retest 104.00 then ideal long setup on usd dollar. stop loss below 103.70, target: 105.60
Will the Dollar continue its Downtrend or change its Direction?The dollar index #DX1! respected its previous downtrend and the News about CPI (Consumer Prices) today helped with this movement to the downside.
Will the Dollar continue its Downtrend or will change its Direction to the Upside?
CPI m/m
Actual: 0.3%
Forecast: 0.4%
Previous: 0.4%
Empire State M
DXYWell that's the idea.. All up to papa Powell. All the supply and demand area is confirmed with Fib levels. Im just not showing where those fib levels are..
US dollar short long termas for this week Jerome Powell & his team have maintained the interest rates at 5.50% signaling a bit of hawkishness, but i do belive there is room for a push further up to 109ish the a major plunge is gonna develop after that.....cheers
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MINI US DOLLAR INDEX® FUTURES (JUN 2024)SDXU2024
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Frequently Asked Questions
The current price of MINI US DOLLAR INDEX® FUTURES is 105.545 USD — it has risen 0.34% in the past 24 hours. Watch MINI US DOLLAR INDEX® FUTURES price in more detail on the chart.
The volume of MINI US DOLLAR INDEX® FUTURES is 2.24 K. Track more important stats on the MINI US DOLLAR INDEX® FUTURES chart.
The nearest expiration date for MINI US DOLLAR INDEX® FUTURES is Jun 17, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell MINI US DOLLAR INDEX® FUTURES before Jun 17, 2024.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for MINI US DOLLAR INDEX® FUTURES. Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of MINI US DOLLAR INDEX® FUTURES technicals for a more comprehensive analysis.