Hello, my fellow traders I know we are all preparing for NFP and from what I've been seeing online I will not allow my community here to go astray, No doubt DXY will be bullish but it has to fill up the remaining inefficiency before going back up to its original direction, stay tuned for more update, do well to like share and follow
April 5th DXY: Could see higher NFP, but DXY might weaken, break 104 support, trade down to 103.70 NZDUSD: Sell 0.6035 SL 20 TP 55 (DXY strength) AUDUSD: Sell 0.6605 SL 20 TP 45 (DXY strength) USDJPY: Sell 151.80 SL 25 TP 90 (DXY weakness) GBPUSD: Buy 1.2605 SL 20 TP 70 (DXY weakness) EURUSD: Buy 1.0885 SL 25 TP 55 (DXY weakness) USDCHF: Sell 0.8990 SL 30...
💵 DOLLAR_INDX, H4 💵 5 April 2024 The Dollar Index, a gauge of the greenback's strength against major currencies, continued its downward trend, impacted by a disappointing US jobs report. The Department of Labor revealed an unexpected rise in Initial Jobless Claims from 212K to 221K, missing market expectations. This development could significantly influence...
It is expected that the current upward wave will end at the current resistance levels and we will see the beginning of the correction process. If the index crosses the level of 78.6%, the continuation of the upward trend is likely. It is expected to continue the upward trend after the correction wave.
in the daaily chart we can see inverted head & shoulders chart pattern. the target with the fibonacci external retracement 1.278
DXY is still having a bullish outlook but is currently ranging. If price falls back to the support of the range, I’ll look out for the buy opportunity. Yesterday’s daily candle closed by picking a sell stop orders. A sell opportunity is envisaged on a shorterm basis. But on a longterm in this Q2, a buy opportunity is envisaged around 102.392 level
On my previous analysis I said Dollar looks bearish and all went as planned. But now me found strong bullish divergence. From this moment me thinking DXY will go higher, at least to test previous channels down trendline.
Dxy Head and shoulder pattern Now support hold and ahead of NFP
In the current area, in addition to the downtrend line, there is also the 61.8% Fibonacci level and the overbought area of the Rsi. We are likely to see some selling pressure in the US dollar soon
After the previous detailed analysis on DXY, which we recognized the correction well, we have now reached an important order block in the 4-hour and daily time frame. If this important level is broken, the next level can bring the price back to the target.
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
The weekly and daily are also overlapping with this idea. Bearish montly bias untill proven otherwise!
Buy zone USD please do not risk Buy zone USD please do not risk
Simple really dxy at the bottom of channel and showing some bullish impulse. Tomorrow should be a good day for dxy Long till 105.300 minimum
Despite today's sell off in the DXY, it is still still printing bullish price action. Please note the higher lows and higher highs indicated by the arrows I have drawn. Please manage your risk accordingly as this could lead to more downside in equities as well as in bitcoin and crypto. Have a blessed day 🙏
Price falls to 103.997. A level that share confluence with previous support and trendline. This provides a high buy opportunity as buyer would be looking forward to going long from that price zone