Hello trader’s what do you think about DXY index )? traders are looking 👀 a 4H tame frame 🖼️ trade line dxy hitting support levels and trade line now dxy bak up ⬆️ 102.381 to 102.573) The dollar index fell to below 101 on Wednesday, the lowest in five months, as markets continued to position according to signs of cooling US inflation, and consequently, incoming...
Welcome to 2024 – a year poised with unique opportunities in the Forex market! 🌟 Today, I'm delving into the key trends that are shaping our trading landscape. We’re seeing intriguing patterns in currency strengths and global economic shifts that could significantly impact our trading strategies. From the evolving dynamics in major pairs like EUR/USD to...
Hello traders, ⚠️ The price of the Dollar is pushing toward a level that has i) Buy-side liquidity ii) Equal highs iii) Imbalance on the weekly timeframe This is price level 102.629 on DXY Share your sentiments below
Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 101.408. The above observations make me that the market will inevitably achieve 102.931 level. P.S The term oversold refers to a condition where an asset...
January 3rd DXY: Could trade higher to 102.90, needs to stay below 103 to maintain bearish bias NZDUSD: Sell 0.6240 SL 15 TP 50 AUDUSD: Sell 0.6715 SL 20 TP 50 USDJPY: Could climb to 143 resistance, look for reaction GBPUSD: Sell 1.26 SL 30 TP 90 EURUSD: Retrace higher, reject resistance, Sell 1.0985 SL 30 TP 90 USDCHF: Sell 0.8515 SL 30 TP 60 USDCAD: Buy...
-BoS (Break of Structure) to the downside implies more Sellers than Buyers long term - Expecting price to liquidate internal highs (IDM) before creating a new LL (Lower Low) - More liquidity residing on (ERL) and fresh Supply Zone - Price At Premium Level
According to the behavior of the index in the current resistance range, possible scenarios have been identified. In both scenarios, as long as the indicator is above the red support zone, the continuation of the upward trend will be more likely
TVC:DXY to me looks bullish and it'll be confirmed in one or two weeks time. At a time like this it has taken out two significant lows and retraced to the upside indicating signs of bullishness. Anyone the trend seems to still be bearish, I'm anticipating more bullish moves higher.
Dxy have been bearish for sometime now. I am expecting dxy to retrace and go lower for the POI (Point of Interest) swing low.
Looking for this to play out on dollar. Bearish confirmations are setting up nicely and other pairs look to be ready to move in line
This video is to explain my view on price action of the above mention market. i hope this can be a help and you learn from itl.
Hello everyone. I want share my idea about dollar index price action. At 23 November i shared my idea where i said dollar was dead and it were going to fall and it happened ( I will link in that idea that post) In my last stop i said that price was my interesting price where we are now. Yesterday we had some aggressive buyers, they have good reaction at...
The Dollar is currently correcting its recent sharp decline and could find a level of resistance with the convergence of a bearish 4H slant and a horizontal resistance zone at 102.50/60 (previous support). The bearish trend could then resume, we are looking for lower precedents.
ohm, nothing to say with this order, very simple! always set stop loss!
DXY is full on support zone I see dollar is bullish in 2024 till 107.300
The US Dollar index is one of the most important indexes one can watch to position themselves for long term moves in a wide range of markets. There is its role in currency markets, US equities, bond, anti-fiats like precious metals and cryptocurrencies. For a basic primer: www.investopedia.com As a quick post this is simply looking at the basics of chart...
More likely wave 5 end and will see the bounce from here and possible will break downtrend. If downtrend break, will looking fore new bullish momentum start once trend breakout.