Day Traders (U.S.) Call it a Day!take a look at this video if you want to see how I set up a range based on daily ATR and figure a valid "day trading range"
About US DOLLAR CURRENCY INDEX
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies. The following six currencies are used to calculate the index:
Euro (EUR) 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP) 11.9% weight
Canadian dollar (CAD) 9.1% weight
Swedish krona (SEK) 4.2% weight
Swiss franc (CHF) 3.6% weight
Euro (EUR) 57.6% weight
Japanese yen (JPY) 13.6% weight
Pound sterling (GBP) 11.9% weight
Canadian dollar (CAD) 9.1% weight
Swedish krona (SEK) 4.2% weight
Swiss franc (CHF) 3.6% weight
DXY Index is Ready to Break the 🔴Resistance zones🔴✅It seems that the DXY Index finally managed to break the Descending Channel that it was in for more than one month .
💡I expect the DXY Index to take the help of the Uptrend line to break the Resistance zone ahead and it can break the minimum 🔴 Resistance zone($104.20-$103.98) 🔴.
U.S.Do
🗺️DXY Index Roadmap🗺️⏰(4-hour time frame)⏰🏃♂️The DXY index has been moving in a Descending channel for a month .
🌊According to Elliott's theory , it seems that the DXY index has completed its 5 downward waves near the lower line of the descending channel after breaking the 🟢Support zone($103.78_$102.93) 🟢.
💡Also, we can see Reg
DXY In a Bullish MoveDXY In a Bullish Move
From the previous analysis I shared at the beginning of the week the DXY rose very well.
Two of the targets have already been reached and it looks like it may continue to grow further this week.
ADP and NFP data to be released this week by the Labor Department are raising h
dxy 4HUS Dollar Gains Traction: Technical Analysis Points to Potential Bullish Impulse
The US Dollar (USD) is showing signs of recovery
Ongoing speculation surrounds the Federal Reserve's potential interest rate reductions in the spring of 2024, with varying opinions among certain Fed policymaking membe
DXY A lot of bullish indicators are taking place.The U.S. Dollar Index / DXY crossed today over the Falling Resistance of November's downtrend at the same time the 1day RSI broke above its own Falling Resistance.
This is a bullish signal at least on the short term, but the Bullish Cross on the 1day MACD certainly is one for the longer term.
The
USD potential. depending on dec nfp and usd cpiusd cpi expectation have not been released yet. but that being said. risk markets have been moving higher potentially raising the potential for inflationary pressures to remain elevated. oil markets reflect the potential for a cooler usd cpi. fed bets of a pause maybe premature and unsubstantiated
DXY LTF Gameplan looking for favorable price action as DXY works into Fibonacci retracement for bullish continuation
DXY BEARISH MOVE IS STILL NOT FINISHED !!!HELLO TRADERS
As i can see DXY has done a retrace after a drop and now its a new entry for more sells as we had predicted in our previous analsysis incoming Friday NFP.... its just an trade idea share ur thoughts with us it will help all of us traders community
DXYOil Price Movements and Inflationary Effects
Those who have been following our series on the oil industry and its role in inflation expect these numbers to continue their upward trend before the final downward correction rears its head. This correction will inevitably impact subsequent inflation nu
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