Breaker block rejection zone was reached. I’ll be waiting for by open to start moving price again before I enter any trades personally. We have news coming out this morning and price action is supporting the short term bearish movement. Next update should be a trade idea for a sell down
Take a look at our analysis for DXY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 105.968.
Considering the today's price action, probabilities will be high to see a movement to 103.741.
P.S
We determine oversold/overbought condition with RSI...
Bullish Dollar/ Bearish Euro + Pound:
- Euro + Dollar ended up ranging out by previous week's close.
- Prev. week close, printed an imbalance on the weekly chart.
- Until htf draw is booked I am bullish on Dollar, so im expecting us to exit this range to the top (after a run on sellstops...)
- Approaching the end of the month, so I want to see it pick up the...
This is more than likely the first trade im going to take this week. Im looking for dollar to be bullish overall but I tend to trade what I see. Price has taken a previous daily high (Friday HOTD. Since that liquidity has been taken and price has moved away from it, we have started to form bearish structure. In a separate Idea I will highlight what areas of...
The financial markets of 2024 have witnessed a surprising resurgence: the unwavering strength of the US dollar. After predictions of a decline at the year's outset, the greenback has defied expectations, surging over 4% according to the Bloomberg dollar index. This unexpected power play by the dollar serves as a stark wake-up call for investors around the globe,...
I am expecting price for this weekly candle to close bullishly. Looking at where we are in price we are approaching a Daily gap and a Monthly High. Being that we are so close to these to high timeframe targets I am not expecting any kind of deep retracement to happen this week. At most I would want to see no more than the LOTW last week to get taken before we...
hello dear trader
I think the dollar will continue to fall after filling the gap... there is a strong resistance zone above it... harmonic pattern and resistance zone and fibos... on the other hand, due to the high bank interest rate and the possibility of a bank collapse Again.. the soft landing will begin soon
i think the yello area is the best place for open...
In our last analysis, the DXY TVC:DXY continued its upward movement. actually due to geopolitical crisis, the market was betting on stronger dollar.
We believe that this week is going to be calm and slow market.
we are still bullish on US dollar.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and...
DXY (Dollar Index) has formed a big ascending channel on the 12h-1d charts. It looks like it might go back down to the lower end of this channel. If the DXY drops like it usually does alongside crypto movements, this could really kick off another rally in crypto. Keep an eye on it!
Pair : DXY Index
Description :
Impulse Correction
RSI - Divergence
Symmetrical Triangle
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Ahead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market.
Buyers remain firmly at the wheel. YTD, we are nearly +5.0%, with April on track to close higher for a fourth consecutive month, up +1.5% MTD. And from a technical standpoint, further outperformance is on the table.
