- DXY is busy slowly rising into a EWP B wave correction that will reverse down into a sharp C downward to 100 or less, supporting our thesis on the coming upside in broader risk assets. - Global liquidity is also concluding a EW Falling Wedge Pattern that is expected to see a sudden exponential increase in liquidity in the coming days/weeks, which is inversely...
DXY is facing resistance on trend line.momday open in some bulish and then DXY wil go down
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...
#DXY Outlook ...............................................................
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " AB " Corrective Waves Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame RSI - Divergence Resistance Level and Rejection
Dollar has broken out of the Range with a Momentum on Friday during NFP. What do you think do is heading in the moment? Here is what the patterns says to me: We are currently into a monthly Correction, Weekly Double Top Pattern align with the Daily time-frame. Long story short the 4hr tells me that we were into a Range, and we broke below the range Impulsively...
US Dollar picks up gains ahead of Nonfarm Payrolls The US Dollar Index (DXY) is trading mildly higher at 105.80. The Greenback's modest upward momentum comes despite Federal Reserve (Fed) Chair Jerome Powell's cautious remarks on inflation and its uncertain future trajectory. Ahead of Nonfarm Payrolls on Friday, weekly Jobless Claims figures seem to be benefiting...
The recent weak US data and last week’s dovish FOMC statement has seen the DXY ease and the index has pulled back (4th wave). The support level to watch now is the 50-day MA level of 104.54 and the 61.8% fibo retracement of 104.77. A failed break below this support range will allow the DXY to complete the 5-wave impulse on the chart which will take the DXY to...
Hey team Hope you are Enjoying our ideas and Analysis. Today we are Monitoring DXY Hope you will Take Profit From our Chart Analyse.. Dollars have retested a demand or Trend line of 103.900 From where willbe Expecting a local Pullback And a Move Up.....🔥 Good Luck Guys 🤞
Hi everyone, Here we are at another Sunday. Time for some analysis. Everything I had to say is covered in the video, but for a TLDR; I am still bullish on the Dollar. Although, I'm not convinced we have reached an intermediate bottom yet. I'm still waiting for more confirmation in order to have the highest probability of being on-side. Comparing with other...
1) Broadening Wedge pattern stpotted 2) Broken support. Previous support potentially will be the new resistance. 3) Next support level = 104 4) breaking below 104 is going to take us back down to 103 support level.
Hello traders on the chart, this is what I'm seeing on the DXY(DOLLARINDEX). The DXY is on the zone of strong support based on technical and fundamentals also suggest a further push to the upside in the subsequent weeks. I'm Looking forward to buying the dollar against any other pair since it will be much stronger.
Unmitigated GAP from Nov. 2023 about to be filled & then we expect a reversal AUDUSD, EURUSD, GBPUSD being bullish support our trend idea that DXY is weak & making a final run to gather liquidity. This move cannot be stopped Expect strong bullish trend on xxx-usd pairs
The objectives are clear for next week. Overall pretty bullish on dollar. The monthly high is the draw on liquidity. The only question is how should dollar get up to that level. If we get a manipulation leg down, below the previous week low ( 105.741), that would be the first level/area where I would watch for the first opportunities upward. For that I would...
NFP killed a lot of accounts and my job is to make sure you are always on the right side of the coin and you don't overtrade and you get it right, this is the structure we will be following for this coming week and we will stick this trading plan, stay tuned do well to like share and follow.
it's been a while since my last post about how i think or my opinion regarding the DXY movement. as we saw last time candle dd 10/06/23 price pretty much has stopped from going further down then bounce back from discounted area taking the old high dd 4/12/23. however from my pov i see this as a fail take-over as price reach the fvg without leaving a strong...