The dollar dropped yesterday and was taped to the H4 FVG this morning during the ASIA Session. The daily candle did not close below the Dialy inverted level. A strong move up and H1 close above the inverted FVG are signs that the low of the week was probably created and we could see a potential move. 🟠Rules - No liquidity raid = No trade - Never buy high and...
Dollar Index prices are still in an uptrend. There is a chance that the price will test the 107.14 resistance zone. If the price cannot break through the 107.14 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
- You can see on the chart last week price was ranging sideways and closed with a weak bullish candle lefting behind an imbalance/FVG. - We may predict price to retrace to 105.500 levels first to rebalance price delivery and then we could see a swing high breakout at 107.500 levels.
DXY Close To a Big Price Reversal DXY is about to complete a big harmonic pattern on the daily chart. This shows that we may have a weaker USD during the coming days. The reason can be related to the FOMC and when the rate cut will happen. It's unclear if the market sees the FED hawkish comments as positive or negative about the future of the USD. During this...
Going over the days Price actions and expectations for tomorrow here we will take a quick look at: TVC:DXY CME_MINI:NQ1!
Hi guys, DXY braked out the ascending channel on 4H time frame and start to a correction. We want to buy it on 103.2-103.5 level to a bigger increasing movement than previous until 107-108. So be hold to reach position point. It moves in a big channel on weekly timeframe. We show you Entry point, TP & SL on chart. We glad to see your comment below. Be successes
That was quite a boring week for Dollar Index. The market was stuck within a narrow horizontal range on a daily. Next week, wait for a breakout of the range. Bullish breakout of its resistance will be a strong trend following signal, while a bearish violation of its support will initiate a correctional movement on the market. Next key resistance - 106.85 Next...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
I will change the dollar's bearish stage to bullish stage. I see some potential conflict between south korea and north korea , also china vs taiwan since the new president of china is elected now. dollar target is fibonacci's top which is 140.
DXY is in ascending broadening wedge and following up from previous long positiom ideas, I am seeing that DXY might take pause and move down.
Please, check our technical outlook for DXY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 105.823. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all...
The dollar index broke the consolidation zone of the 106.200-105.500 range. the market broke out to a downside level and now tested its 105.500 level of support that's become resistance. If the market rejects this level then more downward to 104.800 which is the support and demand area.
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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!
I see a potential lower price for today's intraday move. We saw the break of structure last Tuesday and this Monday the high was taken. Which was a false break. Lower prices are higher probability for today / tomorow. 🟠Rules - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is...
Hello fellow traders This is my idea on the DXY, the dollar index is a done with its retracement on the Daily timeframe and is about to continue the bullish run,,
A correction is expected to form up to the specified support area and then a continuation of the uptrend is established. If the index crosses the support range, it will be possible to continue the correction process until the next support range
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...