1.Consolidation broken on the downside but still on the support zone. 2.For Long it has to break the trendline Liquidity and Major Resistance. 3.coming major CPI news decides the trend of the Dollar
After breaking a key support at 105, we can expect a decline to 103.9 for the Dollar Index.
Before Trend is Making Lower low and Lower High and there is Divergence Came In H1 there is Completion of ABCD pattern Now Trend is Making Higher and higher low and Trend take Retracement from Fib 0.6 level .There is completion of ABCD pattern
Based on the chart, here are the reasons why I would consider buying the dollar index: Uptrend Resumption: The dollar index has been in a steady uptrend since the beginning of the year, and after a brief correction, it appears to be resuming its upward trend. Buying into this momentum could be a profitable strategy. Support Held: The index has bounced off a...
✅DXY is trading along the rising support line And as the index is going up now After the retest of the line I am expecting the price to keep growing To retest the supply levels above at 105.000 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Dxy bearish are still strong, so i just wait good confirmation of price action to go SHORT
Pair : DXY Index Description : Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves Break of Structure RSI - Divergence Demand Zone Bullish Channel as an Corrective Pattern in Short Time Frame
Weekly: 1. Direction: Bearish 2. Reasons: 1. Price disrespected the FVG 2. BOS with massive displacement 3. price is moving from IRL to ERL Daily: 1. Direction: Bearish 2. Reasons: 1. Price respecting the FVG 2. BOS with massive displacement 3. price is moving from...
Monday 20th: 3 Gold Folders Tuesday 21st: 5 Gold Folders, 4 Red Wednesday 22nd: 5 Gold, 5 Red Thursday 23rd: 3 Gold, 9 Red Friday 24th: 6 Gold, 2 Red Many will cry themselves to sleep as stops get triggered on both sides as this week is a HECTIC week!
Considering that producer price inflation increased, it did not strengthen after the index rose to 105.45 dollars and continued to improve. Currently, the important support of the index is 104.20 - 103.88. It should be noted that this range will be broken if US inflation data comes in below expectations. This is a personal opinion, not a buy or sell signal.
this is the idea for dxy to new ath. see previous idea that was correct will post updates on targets based on daily, weekly or monthly charts. So I don't try to post a perfect idea bottom like this again and stop on a local gain loss
This is what I'm seeing on the USD Index. USD is still bullish and has not shown any bearish signs. Knowing what to do with USDX pairs is important. The analysis is provided for educational purposes only. Be aware of the potential risk of loss before making your own trading decision.
Looking at the higher time frame for the DXY. We can see order flow bullish in the mean time. After tapping in to the weekly OB(demand) we have been rallying higher ever since. The past two weeks we have been noticing a retracement on the DXY. Now the question is why? If you look to the left we see the in OCT 2023 the DXY had a massive sell-off after tapping to...
16th May DXY: Retracing, needs to stay below 104.50. If support 103.990 broken, could trade down to 103.40 NZDUSD: Buy 0.6145 SL 20 TP 70 (Hesitation at 0.6180) AUDUSD: Sell 0.6710 SL 25 TP 50 USDJPY: Sell 153.55 SL 35 TP 75 GBPUSD: Sell 1.2655 SL 30 TP 80 (DXY recovery) EURUSD: Buy 1.09 SL 30 TP 70 (DXY weakness) Sell 1.0850 SL 30 TP 60 (DXY recovery)...
I’ve got the DXY going up which if it goes up will effect my GU and EU buys however I do have Ucad and UJ buys.
the price respecting the premium arrays and am expecting a strong dollar targeting last weeks high
Dxy did a range more than a year.Some pattern occured for midterm trade.If gold and silver rise additionaly Dxy rise is bad sign.These instruments most of the time negative correlated.Only war and blackswan -ish situations change this.2025 first half looks like dangerous.
According to the behavior of the price in the specified support range, the possible scenarios are specified. It is expected that the index will change its trend in the support range and start an upward trend