Technical Analysis: The Dollar Index finds itself consolidating after recent fluctuations. Currently, the DXY is testing the supporting trendline. This area has become crucial after a recent dip below and quick recovery. The upper resistance near 105.600 is yet to be retested in the current session, presenting a potential barrier for further upward movements. ...
Double top target is below 104.50. This has just been a bearish consolidation since last week's data.
Im looking to get heavily long on the USDX when my rectangle is filled, the targets are as listed on the chart.
After the NFP and unemployment data, The DXY TVC:DXY faced a big correction. In this week, we believe this week is going to be calm because USD has no game-changing data. there is a possibility that the DXY is going to make some retracements in an upward direction. Our technical view has been shown in the chart. If you like it then Support us by Like,...
Hello traders, DXY is under pressure, had a 3 day streak falling, followed by 3 days correction and hit the 38.2 correction level nad falling back now, this is a good area to short it. Target around 103.50
DXY on a pause before resuming the bearish wave From our previous analysis, DXY completed the harmonic pattern. The reaction was almost perfect considering that after the pattern was completed, the DXY moved down and reached our target. Currently, DXY is taking a pause but should resume the new downtrend soon as shown on the chart. You may find more details...
Hi guys, this is the dollar index I saw on the chart. Based on technical and fundamental factors, the US dollar index is in a strong support zone, which also points to further upside in the next few weeks. I'm looking forward to buying the dollar against other currency pairs because it will be much stronger than it is now. From November 2023, the gap will be...
Greetings Traders, I'm observing a sustained bullish institutional order flow in the Dollar, targeting the weekly and monthly buy stops as my buy-side objectives. Currently, we're operating within discount prices, having rebalanced the daily discount Fair Value Gap (FVG) and tapped into the mitigation block, a zone of institutional support. Additionally, price...
hello traders how are you today? dxy is in a correction and it seems price has another bullish wave to fill the gap.
We are into some typical trading volume after the bank holiday period. 105 support seems to be holding nicely for the moment, more volume to flow in as we see in NA morning and US stock market open. Really hoping to see the dollar gain from here and therefore looking for *USD shorts and USD* longs.
Analysis Week - 22 Apr 2024 Daily - Range / Bullish Cloud (D) - Above Cloud Weekly - Range / Bullish Cloud (W) - Within Cloud Mid Term - Range ________________________________________________ Reaching a Target Area Soon, Be Patient
7th May DXY: Needs to stay below 105.50 to remain bearish, range between 105 and 105.30, break 105 support to head down to 104.55. NZDUSD: Buy 0.6025 SL 30 TP 50 AUDUSD: Sell 0.6570 SL 20 TO 45 USDJPY: Sell 153.80 SL 60 TP 170 GBPUSD: Sell 1.2530 SL 20 TP 60 EURUSD: Buy 1.0740 SL 20 TP 60 USDCHF: Could range between 0.90 and 0.9055 USDCAD: Sell 1.3685 SL...
Here is my latest structure analysis and important key levels to watch on Dollar Index. Support 1: 103.88 - 104.1 area Support 2: 102.93 - 103.25 area Resistance 1: 105.41 - 105.58 area Resistance 2: 106.37 - 106.52 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
DXY completed my last analysis predictions now we got a pull back from the fvg zone at 105.16 now price made a rejections with an engulfing candle indicating a buy to 105.400 fvg zone am expecting a breakout from that zone to the buy side liquidity at 106.000 Tell us what you think..........?
Looks like the dollar and yields are correcting. This could definitely give risk a buying opportunity as long as DXY is headed to $100-101. Since November 2022 DXY has been consolidating in a range between $99-108. The bull case shows DXY breaking out of a bullish flag while, the bear case shows an ABC correction. Until this range is broken its best to trade...
The DXY index is currently trading around the 105.00 mark, recording a slight decrease during Monday's trading session. The dollar remains supported by persistent inflation concerns, as Fed Chairman Jerome Powell has warned. However, the weaker-than-expected jobs report released last Friday showed signs that the US economy may be slowing and expectations that the...
hello friends i just want everyone to know inflation will not come down in fact just wait on an event whether that be war news debt news point is fake news could only go so long. we have to ask our selves why did the market pump when right now we are in the worst condition one might say in 50 years !!!