DXY Daily Trading Journal
Price started the week rallied to take out buy stops from Feb 13 attempting to rebalance the Daily BISI from Nov 14 creating a swing high.
Yesterday and today energetic displacement to the down side at what appears to be a support level.
Its likely that there is a institutional season change upon us as price seeks the lowers prices...
DXY is currently at a point where a horizontal intraday support and a rising trend line intersect, forming a confluence zone.
To enter a long position with confirmation, look for a double bottom pattern on a lower time frame. If the price breaks above the neckline and closes, a bullish trend towards 104.72 can be anticipated.
On the other hand, if the market...
DXY topped by the looks of it. RSI and price came to an agreement. Weekly also looking good. Lets see how the week closes. All USD pairs looking to be shorted. Metals and crypto show give the last move before the king returns
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
DXY Gartley within a Gartley.. Its a Gartley you know it is, is it? does anyone know its a Gartley. yes it is or maybe its not? I think it is, I think its a mini Gartley. So there. :p
From technical analysis we can see a huge expansion to the upside after the release of the NFP data .
what i would like to see is the candle reaching 105.550 level liquidity void on daily chart to consider a short
MY TRADE
SELL 105.550
TAKE PROFIT 97.000
SL 106.550
TERMS AND CONDITIONS APPLY
USE PROPER RISK MANAGEMENT
Fed Chair Jerome Powell recently made the airwaves, delivering remarks on the economic outlook at Stanford Business School.
Key Takeaways from the Speech:
• The Fed Chief does not envisage easing policy until there is more confidence regarding the inflation picture but still believes it will be ‘appropriate’ to cut rates at ‘some point’ this year.
• Powell...
Monthly: The price has been showing strong resistance in M-BPR. So we could anticipate that the price has been started to fall down, If We get any Daily Bearish-MSS, After that we could go down.
Monthly Bias: Consolidation
Weekly: The price has been touched the W-FVG- There is a W-BSL resting in 105.00 level. So we could anticipate the price will take the...
with swings violated on monthly time frame and weekly bias confirming end of short term sell which lasted for some months in 2023 the market direction still being short, only now and potentially for the next few weeks or months will cover its major tank and create downward market structure at bargain prices. the idea is for price to continue going higher clearing...
Hello
According to the chart, DXY is expected to decrease sharply, creating a great opportunity for XAU and others. Rebounds are likely around the strong support zone of 92.
USD Index (DXY) Caught Between a Rock and a Hard Place. Catalyst May be Needed for a Breakout.
The US Dollar Index (DXY) has struggled to maintain the upside momentum it gained over the last 2 days. This could in part be down to the Thanksgiving Holiday and we could get a continuation of the recent bounce heading into next week.
The US Dollar has struggled on...
Dollar index is rising once again. This puts pressure on assets like Bitcoin and other crypto currencies. Crypto has definitely experienced an influx of new investors and is quite worrying based on the news articles projecting almost guaranteed gains $100K+ going into the Bitcoin halving. Whenever you see people so sure of themselves willing to put their words to...
Navigating Market Dynamics: Anticipating Bullish Expansion and Managing Risk
As anticipated last week, we witnessed a bullish expansion in DXY, aligning perfectly with our projections. Looking ahead to the coming week: #MarketAnalysis #BullishExpansion
We've closed above the midpoint of Ifvg, signaling a potential upward trend. DXY is poised to absorb buy side...
As we can see DXY on the weekly has been in a range since the beginning of 2023. From my observation lows have been taken from Jan-May 2023 in July 2023 and has had a powerful bullish move and even broken structure. If we can pass the 104.96 level clearly then we my see DXY reach 107.34 before the end of the year (big guess). Depending of what the result of the...
We have now a 4hr BOS after tapping into a 1hr demand zone, I expect price to now rally up to 104.950 area. Combine this price action with EUR/USD I'm bearish on EUR/USD
💵 DOLLAR_INDX, H4 💵 3 April 2024
The Dollar Index dipped marginally following the release of a disappointing jobs report, with US JOLTs Jobs Opening figures falling slightly short of market expectations at 8.756 million compared to the anticipated 8.760 million. Nevertheless, the dollar's long-term outlook remains bullish, underpinned by strengthening US Treasury...
