Going into My Pre Market Analysis this morning I started to Notice the Crown forming On DXY/EU ... HTF Bias If than statement was If we see Dollar than 106... we could see Eu start making its way into 1.0700 Key Level . April Open price for Dollar 104.539 and EU 1.07843 are my focus Areas going forward... When we are focused on DXY weakness we are focused on...
This is medium term emerging bearish harmonic patterns for dollar index
Price could be bullish until the elections or near and after. Looking at the price of gold which decline in the next few and no interest rate hikes expected during this could mean that the dollar that could gain in value. Global Green Policies that are aimed to protect the world could impact the price of energies minerals and commodities therefore strengthen the...
17th April DXY: Consolidate between 106.10 and 106.50. Needs to stay above 106 to remain bullish, above 106.60 could test 107. NZDUSD: Sell 0.5930 SL 30 TP 60 AUDUSD: Sell 0.6430 SL 20 TP 70 (Hesitation at 0.6395) USDJPY: Wait, look for reaction along 155 GBPUSD: Sell 1.2365 SL 30 TP 100 EURUSD: Sell 1.0650 SL 30 TP 90 USDCHF: Range between 0.91 and...
Daily DXY sitting on high volume node, rejecting lower prices. Moving higher will form reverse H&S pattern with neckline in 102. Measured move will test high volume node on 104. Confluence with VWAP from July low and October high. Added confluence with Fibonacci retracement levels from said Jul Low to Oct High and Oct High to Dec Low. Jul Low, Oct High, Nov Low,...
By crossing the current resistance range, it will be possible to continue the upward trend up to the specified resistance levels. Further, according to the behavior of the index in the resistance ranges, the continuation of the upward trend is also likely If the price cannot stabilize above the resistance range, it will be possible to start the corrective process...
Short-term DXY Analysis: Navigating a Diamond Bottom 📈💎 The US Dollar Index (DXY) is a critical indicator for currency traders, reflecting the strength of the USD against a basket of major currencies. As of mid-April 2024, here's a concise analysis based on the current market scenario, recent technical patterns observed, and economic events: Diamond Bottom...
The US dollar is soaring, and investors are scrambling to jump on the bandwagon. This surge in demand is reflected in the options market, where the cost of betting on further dollar appreciation has reached its highest point since November 2023. This trend highlights the growing confidence in the US economy's resilience, prompting a flight to safety in the...
Hi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis.
Certainly! The Dollar Index's recent breakthrough past resistance has sparked a wave of positivity among investors. This surge in optimism is likely fueled by a combination of factors such as strong economic data, favorable geopolitical developments, or perhaps shifts in monetary policy expectations. When a market breaks through a resistance level, it typically...
I'm getting in to this trade now...who ever see's it on time can jump in with me with tell i'll explain to you guys how i trade...for now ill just be post trade setup. Use proper risk Management
The US Dollar Index may continue to retrace the decline from the November high (107.11) as it extends the series of higher highs and lows from last week. DXY Outlook Keep in mind, DXY bounced back from the 50-Day SMA (104.13) to stage a five-day rally, with the advance in the index pushing the Relative Strength Index (RSI) into overbought territory for the...
If we break 1.0670 the USD index could see the 109.17 level. We are currently at 88% retrace and 161% ext.
For those curious about the DXY's direction and targets, take note of the bullish movements displayed in these two legs. The Dollar Index is showing signs that it could complete these runs and effortlessly reach the resistance zone. Keep a close eye on these developments as the DXY approaches key levels.
Hi friends, mates and Trading community so here i want to share my analysis on Dollar index on weekly time frame according to the my observations based on price action and trend analysis. So as we can see on provided weekly time frame that chart is improving and came out from downtrend by breaking last swing top area and closed above which is the highest weekly...
Right now, not much technically that indicates this is crashing anytime soon. It just broke out of it's bull flag. Getting through $106-107 range is the next step.
Based on price actions and H4 charts, my trading idea during the ADP NFP trading session.