Dxy bounced nicely off its support at 95.83 (61.8% Fibonacci retracement , horizontal swing low support, 61.8% Fibonacci extension ) where it could potentially bounce to its resistance at 97.73(61.8% Fibonacci retracement , horizontal swing high resistance,100% Fibonacci extension ).
Stochastic (55, 5, 3) is bounced off its support where a corresponding rise could occur.
In this video update, we take a look at the USD as the greenback could be set to rise up towards the $97.50 highs.
The reason being the 3 months and 1-year yields have inverted. When this has happened in the past a market crash has followed.
In situations like this, we typically see the market run to safe haven currencies such as the JPY and USD.
**Dollar (DXY) Fundamental Analysis**
As we begin trading this last week of March, we look for price action of all USD based pairs to bring us easy continuation setups this week. As per every Monday, we remain patient and allow impatient hands to jump in bearish or bullish, so that we can react to price action accordingly. I am bullish on the U.S. Dollar as of...
Conclusion for today's analysis: Price action on an eventual breakout should move an equivalent distance of width indicated as a minimum expectation
Price action for the DXY (US dollar currency index) is provided on a Daily timeframe with coverage of well over 6 months of price action. The chart patterns in consideration are an ascending triangle and also a...
dxy which way will it move? we are following 4h triangle closely and ready for the breakout.
Above the triangle dollarindex is targeting 97.20
Below the triangla dollarindex is targeting 95.80
Hello Traders,
As you know we are in some USD positions, and our eyes are now in the DXY, we need the dollar to gain some value.
We are looking for a possible breakout to the upside, our only preoccupation right now is that strong resistance.
In order to give us that confidence, we would like a strong impulsive candle to break this current correction, followed by...
Hey tradomaniacs,
welcome to another free signal!
Important: Make sure to reduce your risk at the horizontal support in green! The market is still very volatile and unvertain! Make sure not to trade with shaky hands!
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Type: Day-Swingtrade
Sell-Stop: 96,50
Stop-Loss: 96,69
Target 1: 96,28
Target 2: 96,15
Targt 3:...
Hello traders,
We come back now, and this week we can see the DXY (Dollar index), it will be strong and that means the EURUSD it will be more bearish.
and we keep looking to DYX with other currency.
Good luck.
Dollar looks really Bullish currently. For those harmonic fans we have a nice cypher pattern and we are sitting currently on a support level. My bias is to the upside
DXY - reverse at 2 bars weekly level.
Daily strong reversal candle, with 2 bars 4h inside bar entry.
Any rejection at this level is an opportunity to buy.
Hey tradomaniacs,
welcome to another OUTLOOK for DXY!
Fundamentals:
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1. FED began to increase the interest rate too early....
The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains "strength" (value), compared to other currencies. The following six currencies are used to calculate the index:
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TVC:DXY
